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05/01/2011

UID TO REPLACE EPF ACCOUNT NUMBER, EPF ONLINE BALANCE BY 31.03.2011

UID TO REPLACE EPF ACCOUNT NUMBER
EPF ONLINE BALANCE BY 31.03.2011

The Employees’ Provident Fund Organisation (EPFO) plans to replace the provident fund (PF) account number with a unique identification (UID) number, a move that would enable speedy transfer of subscribers’ funds in case of a job change and allow them to track their accounts online. At present, if a subscriber changes his job, it takes months to transfer PF money from one account to another, as a transfer of records from one office to the other is required. Under these circumstances, a large number of subscribers often withdraw the entire money in their account and go for a fresh account with the new employer. The replacement of PF account number with the UID number will be done after inter-connecting all regional and sub-offices of EPFO by March 2012.
“We are in the process of digitizing and inter-connecting all our offices. We plan to use UID as the subscribers account number after that,” Labour Secretary P C Chaturvedi said. In the first phase, EPFO has set a target of digitalizing the entire data in its regional and sub-offices by March this year. In the second phase, all offices would be inter-connected.

The replacement of PF account number with the UID number will be done after inter-connecting all regional and sub offices of the Employees' Provident Fund Organisation (EPFO) by March 2012. Digitalization and use of UID as PF A/c number would also facilitate the subscriber to apply for transfer and withdrawal online.
In a pilot study conducted at EPFO's Karnal office, it was found that over 30.2 per cent of subscribers withdraw their PF within a year of joining service while 54.3 per cent do so by the end of the second year.
EPFO having a subscribers' base of about 4.7 crore, processes over 60 lakh claims every year. It manages about Rs three lakh crore of funds and receives an incremental deposit of over Rs 25,000 crore every year.
Reaction from public
This is a good move, but lot of unexpected things are happening while issuing UID cards, for example in Mysore,Karnataka they are issuing UID cards, a local TV channel had performed sting operation and they could get UID card in the name of "Nandan Nilekani" i mean with his photo attached, only thing is Nandan has to go and get his photo clicked and receive the card, and also they could get cards for two terrorist who are in bangalore jail, Nandan should look into that issue, people are blindly getting Notary from lawyers and by giving them they are getting UID cards, a proper verification method should be in place or else 1lac, 50thousand crore project would go into drains.

Raghu (Bangalore)

How can computerisation and linking of PF offices take so long? All of govt financial bodies, perhaps PF organization has proved to be most reluctant in providing online services. The govt should bring legislation to give the PF contributors the option to switch their money to NPS with immediate effect.

Bodhlal (Mumbai)

Source: SIMPLETAXINDIA.org

Posted by Running Staff Solapur at 1/05/2011 10:14:00 pm Labels: ,

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PME Due Date

Master Circular No. 25



Copy of Railway Board’s letter No. 69/H/3/11 dated 06.12.1974



Subject: Implementation of the Recommendations of the Visual Sub-Committee.



6. Periodical re-examination of serving Railway Employees:



6.l. In order to ensure the continued ability of Railway employees in Classes A l, A 2, A 3, B l and B 2 to discharge their duties with safety, they will be required to appear for re-examination at the following stated intervals throughout their service as indicated below:



6.1.1. Classes A l, A 2 and A 3 —At the termination of every period of three years, calculated from the date of appointment until they attain the age of 45 years, and thereafter annually until the conclusion of their service.



Note: (l) The staff in categories A l, A 2 and A 3 should be sent for special medical examination in the interest of safety under the following circumstances unless they have been under the treatment of a Railway Medical Officer.



(a) Having undergone any treatment or operation for eye trouble irrespective of the duration of sickness.



(b) Absence from duty for a period in excess of 90 days.



(2) If any employee in medical category A has been periodically medically examined at any time within one year prior to his attaining the age of 45, his next medical examination should be held one year from the due date of the last medical examination and subsequent medical examination annually thereafter.



If, however, such an employee has been medically examined, at any time earlier, than one year prior to his attaining the age of 45, his next medical examination should be held on the date he attains the age of 45 and subsequent medical examination annually thereafter.



Ammendment: It was ammended in 1993 as below



Age Group PME Due



Age 00-45 every 4yrs



Age 45-55 every 2yrs



Age 55-60 every year
Details:-
As per Rly Bd's Guideline of Medical Exam issued vide LNo. 88/H/5/12 dated 24-01-1993

a) PME would be done at the termination of every period of 4 years from date of appointment / Initial medical Exam till the date of attainment of age of 45 years, every 2 years upto 55 years & there after annual till retirement.
b) Employees who has been periodically examined at any time within 2years prior to his attaining the age of 45years would be examined after 2years from the date of last PME & subsequent PME for every 2years upto 55years age.Of

NRMU 4 you
SMLokhande





6.1.2. Classes B-1 and B-2—On attaining the age of 45 years, and thereafter at the termination of every period of five years.