EPFO Alert: Labour ministry launches new e-passbook facility for EPFO subscribers

EPFO subscribers have been availing the e-passbook facility on the EPFO website for a long.

However, the central government on Tuesday announced adding more features to it. 

Union Labour and Employment Minister Bhupender Yadav launched a new e-passbook facility for EPFO subscribers on Tuesday.

Now, members will be able to view more details of their accounts in graphical representations, the Employees' Provident Fund Organisation (EPFO) said in a statement.

According to official data, EPFO added 14.86 lakh subscribers just in January 2023.

Yadav, who is also the Chairman of the Central Board of Trustees (CBT) of EPFO, inaugurated the new facility in 63 regional offices of EPFO, where there are 100 or more employees.

Besides, the minister laid the foundation stone for the building of a regional office at Prayagraj in Uttar Pradesh.

During the meeting of 233rd CBT on Tuesday, the minister approved the revised estimates for 2022-23, and budget estimates for 2023-24, for schemes administered by EPFO.

Among others, the board approved the five-year prospective plan for the enhancement of physical infrastructure of EPFO.

This includes the purchase of land, building construction, and special repairs involving a cost of Rs 2,200 crore.

The board also approved the proposal for the conversion of the status of EPFO from Associate Member to Affiliate Member in International Social Security Association (ISSA) which was in line with the EPFO@2047 vision document. This would enable the EPFO to play a bigger role in the international social security platform of ISSA.

As per the statement, the board gave its nod for the umbrella MoU signed between the EPFO and NTA (National Testing Agency) for the conduct of various examinations.

Further, the board cleared the constitution of the committee for recommending amendments to the Employees' Provident Fund (Officers and Employees Conditions of Service) Regulations, 2008.

According to the statement, the board also approved the proposal for the extension of AMC for portfolio managers and a proposal for investing the proceeds of ETF investments in any of the permissible categories of investments subject to the limit prescribed for that category.

(With inputs from PTI)