RBI Grade BNABARD ESISEBI
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Source: Mint
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Context:
On September 18, 2025, the Employees’ Provident Fund Organisation (EPFO) introduced two major digital reforms to improve transparency and member convenience.Union Labour Minister Mansukh Mandaviya announced the launch of “Passbook Lite” on the EPFO members’ portal and direct online access to Annexure K.
Key Highlights:
- Passbook Lite Facility:
- Provides a summarised view of contributions, withdrawals, and current balance.
- Removes the need for dual login (earlier required separate login for “passbook portal”).
- Reduces password sync issues and technical delays.
- The detailed graphical passbook will still be available in the existing portal.
- Annexure K Online Access:
- Annexure K = PF transfer certificate generated when employees change jobs and accounts are shifted via Form 13.
- Previously, it was shared only between PF offices and available to members only on request.
- Now, employees can directly download Annexure K in PDF from the members’ portal.
- Members can also track transfer applications online, ensuring greater transparency.
About EPFO
- Statutory Body: Established under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
- Ministry: Functions under the Ministry of Labour & Employment, Government of India.
- Purpose: Provides social security benefits to employees in the organised sector through:
- Employees’ Provident Fund (EPF) – retirement savings.
- Employees’ Pension Scheme (EPS) – pension benefits.
- Employees’ Deposit Linked Insurance (EDLI) – insurance cover.