EPFO subscribers alert! This app can make your money claiming process super easy
One of the biggest challenges for subscribers of the Employees' Provident Fund Organisation (EPFO’s) is to get their EPF claim amount, after switching jobs or post retirement. The Unified Mobile Application for New-age Governance (UMANG) can make life easier for the subscribers of the retirement benefit fund.
One of the biggest challenges for subscribers of the Employees' Provident Fund Organisation (EPFO’s) is to get their EPF claim amount, after switching jobs or post retirement. The Unified Mobile Application for New-age Governance (UMANG) can make life easier for the subscribers of the retirement benefit fund. The app can be used to check balance, withdraw money and access several other services.
As of now, a PF member can access 16 different services of EPFO on their mobile phone using UMANG app. For availing these services an active UAN (Universal Account Number) and a mobile number registered with the EPFO is required.
On UMANG app a member can raise claim, track claim and know the status of claim raised. The app has become particularly important during the COVID-19 crisis when physical movements have been restricted.
During the COVID-19 pandemic period from April to July 2020, a total of 11.27 lakhs claims were filed online through UMANG App. This was a whopping 180% increase compared to pre-Covid 19 period from December 2019 to March 2020, where only 3.97 lakhs claims were submitted through the app.
The most popular service availed by members through UMANG App is View Member Passbook. During the period from August 2019 to July 2020, this service attracted 27.55 crore viewership’s by EPF members through EPFO Member Portal whereas the same facility of view Member Passbook through UMANG App attracted 244.77 crore API hits.
The ease of access with a click of a button on their mobile app has seen more members preferring UMANG app over the portal.To ensure safe and secure delivery of its services at the doorsteps on its 66 lakh pensioners, EPFO brought the facility of View Pensioner Passbook as well as updation of Jeevan Pramaan Patra on UMANG app.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
01:24 PM IST