Provident Fund data reality check – Over 8 crore EPFO accounts have no birth date, 11 crore missing father’s name!

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New Delhi | Published: April 2, 2018 7:23:48 PM

The government today said there are over 8.38 crore EPFO accounts which do not have date of birth of subscriber and in 11.07 crore accounts, father's name of the members is missing.

Provident Fund, Provident Fund data, EPFO accounts, EPFO, Santosh Gangwar, news on EPFO, EPFO subscriber, EPFO account, news on EPFO, latest news on EPFOAccording to the statement, the Employees’ Provident Fund Organisation (EPFO) has 8,38,04,469 subscriber accounts where there is no date of birth record. (IE)

The government today said there are over 8.38 crore EPFO accounts which do not have date of birth of subscriber and in 11.07 crore accounts, father’s name of the members is missing. “There are certain accounts where details of the (EPFO) subscribers including date of birth is not available in records,” Labour Minister Santosh Gangwar said in a written reply to the Lok Sabha today. According to the statement, the Employees’ Provident Fund Organisation (EPFO) has 8,38,04,469 subscriber accounts where there is no date of birth record.

Similarly, there are 11,07,31,613 accounts where details of father’s name is not in record. There are 7,83,06,246 subscribers whose date of joining record is not available with the EPFO. According to information available, the EPFO has over 19 crore subscriber accounts that also include members who have retired and settled their claims. The contributing members of the EPFO are over five crore at present.

The minister told the House that completion of all details relating to all members of Employees’ Provident Fund (EPF) is a regular and an ongoing exercise. In a separate reply, the minister said that investment in ETFs by the EPFO started from August 2015 and the total amount of investment in ETFs till December 2017 is Rs 37,667.58 crore. Presently, 15 per cent of EPFO’s investible fund is invested in ETFs.

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