Many times, many companies commit fraud in the matter of depositing money in the EPF account of the employees. But now you can get information about the money deposited in your EPF account through just one SMS.

Many companies also commit fraud in the matter of depositing money in the EPF account of the employees. To save the employees from such fraud, EPFO ​​has taken strict steps. Now the employees will get an SMS as soon as the EPF money is deposited. This will not cause them any loss and the company will also not be able to act arbitrarily.

This is the whole matter

According to the information, EPFO ​​has received complaints many times that some companies deduct the PF money of their employees every month, but it is not deposited in the EPF account on time. These companies use that money for their personal work and deposit the amount after taking advantage of it. At the same time, many companies do not even maintain any records. To curb such companies and protect employees from fraud, EPFO ​​has started upgrading its IT systems like banks.

This will be a benefit

Now the question arises what will be the benefit of this step of EPFO ​​to the employees? Actually, with the help of the new system, EPF members will get an SMS immediately as soon as the money is deposited in their account. This will let them know that their PF money is being deposited on time. However, this information will be sent only to the registered mobile number of the members. If the mobile number is not registered in someone's EPF account, then they will not get the information.

The irregularities of this company came to the fore.

It is worth noting that last month the Economic Offenses Wing (EOW) of Delhi Police registered a case against the officials of the airline company SpiceJet. The company was accused of not depositing Rs 65 crore of the employees in the PF account. However, the company has also given clarification on this matter. They said that they have deposited a lot of money and the process of depositing the rest is going on.

EPFO gave this information

According to sources, EPFO ​​officials have confirmed the upgrade of the IT system. They say that EPFO ​​is currently working on the old system, which is planned to be upgraded like banks. It has been named EPFO ​​3.0. This will also help in resolving the complaints of members faster. Also, fraud will not be possible against them. At the same time, companies will also not be able to commit any fraud in depositing PF money.