EPFO: Know why 9 lakh PF account blocks final

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

new Delhi: The EPFO ​​has blocked the PF account of 9 lakh staff. In reality, the federal government has unearthed round 80,000 corporations, which have illegally availed a monetary incentive of Rs 300 crore underneath a flagship scheme of the Center to generate employment alternatives within the formal sector. According to the data, it has been reported within the report that 9 lakh beneficiaries of Pradhan Mantri Rojgar Yojana have been discovered ineligible for this scheme. Because they had been already a part of the formal sector earlier than the implementation of this scheme, that’s, they had been already profiting from PF.

PF account block of EPFO ​​staff

According to the report, EPFO ​​has blocked the provident fund account of those staff. <! –

                 At the identical time, the group has additionally recovered Rs 222 crore from these corporations. The variety of these beneficiaries was included within the EPFO's payroll database, which the federal government reveals as employment born within the formal sector.

PMRPA scheme was began in 2016

In 2016, the federal government began the PMRPA scheme to present incentives to corporations for producing employment. Under this scheme, the federal government spends a complete of 12 per cent of the EPF and EPS of a brand new worker positioned on wage of greater than 15,000 monthly on or after April 1, 2016. The authorities goals to create new jobs and provides incentives (within the type of incentives) to corporations creating jobs. It is thought that those that get employment additionally get social safety advantages underneath this scheme.

Know the right way to test PF steadiness

  • If your PF account can also be blocked, you could find out by checking the steadiness. For this, you possibly can obtain the EPFO ​​app 'm-EPF' in your cellular. Click on 'Member' within the app, then click on Balance / Passbook Upper. At the identical time, test your EPF steadiness by filling UAN quantity and registered cellular quantity.
  • EPF steadiness test can also be carried out by way of missed calls. Your cellular quantity must be registered with UAN. You can know the EPF steadiness by giving a missed name on 011-22901406 out of your registered cellular. After giving a missed name, a message of EPF will come to your registered quantity, which is able to let you recognize the EPF steadiness. The final deposited quantity together with PF quantity, title, date of beginning, EPF steadiness can also be talked about within the message.
  • On the opposite hand, you probably have an umang app, you’ll have to do one-time registration together with your cellular quantity as soon as to test the steadiness by way of it. After this you possibly can see EPF passbook from Umang app. Claims can elevate and observe it as effectively.

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