Blitz Bureau
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) organised its 5th interactive Live session on the benefits of EPF Transfer on August 13 which was streamed on Facebook, Instagram and YouTube with more than 25,000 views, according to a statement issued by the Ministry of Labour and Employment. Various aspects of EPF transfer were detailed by Sanat Kumar, an official from the EPFO Head Office.
Underlining the importance of EPF transfer, Kumar said that consolidating the different EPF accounts makes members eligible for pension benefits. It also helps members in obtaining different advances/partial withdrawals. He explained the processes of transferring the EPF account of exempted establishments.
“The EPFO which functions under the Ministry of Labour and Employment, is taking proactive steps towards ease of living by educating and generating awareness among members and pensioners,” the official statement said.
Members, including general public, can watch this session and also previous Live sessions to know about benefits, services and procedure of getting these benefits from EPFO and reap maximum benefits out of it.
EPFO added 19.50 lakh net members in the month of May this year which is the highest ever since the first payroll data was issued in April 2018, according to the latest figures. The total number of net additions represent a 19.62 per cent increase compared to the corresponding figure for May 2023.
