The Employees Provident Fund Office is planning to allocate a unique account number to EPF subscribers, that will last for full span of service. The Regional Provident Fund Commissioner in Bangalore, K.Nayayana informed that this will help the subscriber at the time of transfer and change of job. The subscriber's contribution will go to the same account number throughout his or her career.
Speaking on the sidelines of a function, the Regional Commissioner informed that the Headoffice is also working on the possibility of enhancing upper limit of EPF subscribers from the present cut off salary of 6500 rupees to 15,000 rupees as is done in the case of Insured Persons of ESIC scheme.
Mr.Narayana said, due to IT solutions, around 90 per cent of claims of subscribers are processed and payments made within 30 days. This has also made it possible for them to track the subscription amount that has accumulated in their account. He added that Government is mulling over the idea of increasing pension of EPF subscribers to 1000 rupees.