03 May 2016 Current Affairs: Employees' Provident Fund Organisation (EPFO) has launched a special drive 'One Employee-One EPF' to encourage EPF members to consolidate their multiple accounts. The drive has been launched by Labour Minister Bandaru Dattatreya in New Delhi.The initiative of launching the Mission consolidation One Member One EPF Account is a step towards encouraging EPF members to access enhanced IT enabled services through Universal Account Number that are linked with Aadhaar.
Presently, the members whose accounts are scattered face many inconveniences such as approaching multiple employers located at multiple locations for settlement of claims.So EPFO has taken several IT based initiatives to provide convenient and efficient services to its stakeholders.This drive, will result in EPF members having just one EPF account and multiple conveniences and after the successful completion of this drive, it will reduce the burden of members as well as the work of EPF employees.
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