India's EPFO revamps software with UAN-based single accounting system for faster claim settlements, assisted by CDAC.
India's Employees' Provident Fund Organisation (EPFO) is revamping its software with a UAN-based single accounting system for members and automating process flows for faster claim settlements. The Centre for Development of Advanced Computing (CDAC) is assisting in the software's development. EPFO has already implemented auto settlement of advances up to 1 lakh for illness, education, marriage, and housing, with 25 lakh advance claims being settled on auto mode. The ministry aims to expand social security and facilitate ease of living and ease of business through these reforms.
June 13, 2024
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