Without using the passbook site, “Passbook Lite” will enable you to see a summary of your donations, withdrawals, and current balance more quickly.
As part of the EPFO 3.0 changes, the Employees’ Provident Fund Organization has made it simpler for members to transfer their provident fund accounts when they change employment and created ‘Passbook Lite‘ for members to verify summaries.
Without using the passbook site, “Passbook Lite” will enable you to see a summary of your donations, withdrawals, and current balance more quickly.
Passbook Lite
“The reform increases operational efficiency, incorporates current APIs, and lessens the strain on the isolated Passbook Portal. The current Passbook Portal is still accessible for a thorough and in-depth study of the passbook, including a graphical presentation,” said Mansukh Mandaviya, Minister of Labor and Employment.
All essential services should be accessible with a single login, increasing accessibility and perhaps lowering complaints and increasing transparency.
PF Transfers Made Easier Online
To see PF donations and transactions, members now have to log in to the passbook site individually. This dual log-in technique often caused delays in account access or caused problems with password synchronization. The current site is still accessible for a thorough look at the passbook.
Additionally, the EPFO made Annexure K, a transfer certificate created by the former employer, available online so that workers who change employment may move their provident fund accounts and check the application’s progress.
Employees who move employment provide a Transfer Certificate (Annexure K) to the new PF office and use Form 13 online to transfer their provident fund accounts to their new employer. PF offices were the only ones with access to Annexure K until recently, and members could only get it upon request.
Track PF Transfers and Balance
To ensure transparency, members may now check the progress of transfers online and get Annexure K in PDF format straight from the site. Additionally, a permanent digital record is left behind, which might be helpful for calculating the EPS benefit.
Additionally, the members will be able to monitor if the new account accurately reflects their service tenure with the prior company and the PF balance.