EPFO to launch portal to track inoperative accounts, Pg12

Key Highlights:

• EPFO is launching E-PRAAPTI, a digital platform for tracking and activating old EPF accounts.
• E-PRAAPTI will use Aadhaar-based authentication for secure access to old EPF accounts without a linked UAN.

Detailed Insights:

• E-PRAAPTI aims to streamline the process of identifying, tracking, and linking UANs to inoperative EPF accounts.
• The platform will initially be member ID-based, later expanding to include members without their old member IDs.
• E-PRAAPTI is expected to reduce manual intervention, minimize documentation, and enhance transparency.
• The increase in auto-processed advance claims indicates improved accessibility to PF accounts for members.

Key Concepts Involved:

• EPF: A retirement savings scheme where employees and employers contribute.
• UAN: A unique identification number for employees contributing to EPF.