Labour Minister Mansukh Mandaviya has announced that the new Employees’ Provident Fund Organisation (EPFO) information technology (IT) system ‘2.01’ will be made operational within the next three months, an official release said.
The Minister made the announcement while reviewing the IT system modernisation initiatives. Mandaviya is closely monitoring the progress of the EPFO’s IT upgrade, and ensuring that the transition to the new platform is smooth and timely, the release said.
The new system will result in centralised claim settlement including end-to-end auto processing of claims, centralised monthly pension disbursements, Universal Account Number (UAN)–based EPF accounting, Restructured Electronic Challan-cum-Receipt (ECR) with due statement and remittance challan, and doing away with the requirements of transfer of member ID (MIDs) on change of jobs.
As part of the ongoing IT modernization efforts, Mandaviya has already launched ‘Online Module for Surrender of Exemption’ on 13th August 2024. This facility reduces the time and effort while providing facilities such as online submission of application, validation of applications and transfer of past accumulations of the member. It replaces the earlier system of physical submission with voluminous documents and allows the establishment to track the member’s application.
Further, over the next few months, implementation of the EPFO 2.01 project will ease the processes and turn-around time for various member and employer’s transactions, development of Re-engineered & rationalized centralised payments & claims settlement will be taken up in mission-mode, the release said.
The introduction of System 2.01 is part of the government’s broader commitment to enhancing ease of living for members & ease of compliance for employers.
In FY25, EPFO has introduced simplified IT processes auto-mode processing of all types of EPF advance claims up to Rs. 1 lakh leading to around 40% of advance claims getting processed in auto-mode.
