New Delhi, Sept 6, 2013
No more waiting for your annual Provident Fund (PF) account slips now.
Getting the latest details just got easier as the retirement fund manager Employees' Provident Fund Organisation (EPFO) has launched a facility for viewing PF accounts online on real time basis.
The internet facility was launched today by Labour Minister Sis Ram Ola in the presence of Minister of State for Labour and Employment Kodikunnil Suresh and EPFO's Central Provident Fund Commissioner K K Jalan, the Press Trust of India reported.
Speaking at the event, Jalan told PTI, “The facility would enable the EPFO to update accounts on real time basis. Now we would be able to provide annual account statement online by April or May every year with all due interest credits.”
The facility would also help in settling various claims well in time, Ola added.
At present, the five-crore subscribers get their records only once a year since the EPFO is supposed to send annual provident funds account slips by September.
However, the process usually takes longer.
The EPFO is also planning to launch the facility of online transfer of PF accounts in October, for which the organization is already conducting live tests.
Are you one of the 5 crore subscribers of the EPFO? Then check your accounts online on a real-time basis by clicking here.
NEW DELHI/SINGAPORE (Reuters) - India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries and produce more profitable refined products such as gasoline or diesel. India has traditionally been a net exporter of fuel oil, the residue oil left after initial crude refining that is typically used in shipping and power generation. Three state-run energy firms -- Indian Oil Corp, Bharat Petroleum and Hindustan …