PF to be digitized by end of March 2011

If reports were to be believed, EPFO has already digitized 113 of its Offices and work is pending at 7 other offices and is expected be completed by this March end. From then on PF details of employees pertaining to PF transfers and settlements would be available online and also on your mobile handsets.

With the EPFO mulling over keeping the interest rates at 9.5% for the financial year 2010 – 2011 Employee PF investment steels the lime-lite by trying to be  more customer friendly and transparent to its 4.71 crore subscribers.  EPFO has also decided against investment of its corpus funds of 5 Lakhs crore in stocks and is alternatively looking at investments in LIC.

EPFO with its extra large kitty is looking at stable investments rather than eying the market growth investments to sustain its present interest rates.

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