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Mandaviya calls for transparent System for EPF Deductions

By TIOL News Service

NEW DELHI, SEP 02, 2024: IN a significant move towards ensuring greater transparency and accountability, Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, has directed the Employees' Provident Fund Organisation (EPFO) to implement a robust and transparent system for all members regarding their Employee Provident Fund (EPF) deductions. This directive was issued during a review meeting held with EPFO officials in New Delhi on Saturday.

Dr. Mandaviya directed the officials to develop an efficient and time-bound digital mechanism that would regularly notify employees about the PF deductions made from their salaries.

Union Minister also stressed the importance of addressing grievances effectively. He instructed EPFO to identify the root causes responsible for the generation of grievances and to ensure systemic, sustainable solutions are implemented in time-bound manner.

Dr. Mandaviya underscored that these measures are crucial for building trust between employers and employees, enhancing transparency, and improving the overall efficiency of the provident fund system in India.


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