A Comment on EPFO making Universal Account Number mandatory for all employers

My Comment on an article "EPFO makes UAN mandatory for all employers under its purview" published in the economictimes.com Dated 22/06/2015 at 10 pm.


"Very good initiative taken by EPFO. Universal Account Numbers (UAN) provide great relief to workers who frequently shift jobs or get transferred to various places in same company. They need not apply for transfer of their account or funds to new place. They will be holding a single account number universally applicable throughout their life even after changing jobs. This is the great advantage in this scheme. 

Members need to provide bank account details for proper and prompt action of activities into their accounts. As mentioned, the deadline for this has been fixed as 25th August, 2015."

A Comment on EPF and your funds management

My Comment on an article "EPFO may have ruined your retirement plans.Here's how" published in the economictimes.com Dated 17/06/2015 at 12:25 pm.


"Everything in this article is assumed. If things had been like this, this would have been the result. 

Whatever already happened, you can not change. 

EPFO is doing their best according to their prudence. You can not blame them. Whatever you are getting from EPFO is good as you could not have saved a single pie if you have been let alone. 

The scheme is obligatory. Hence you are saving even this much. 
Now, it depends on you how you manage your remaining funds. You should find ways to invest some more besides this EPF, if you are so much concerned about your future. 

So "Do not blame EPFO". They never ruin you, rather make you prosper."

A Comment on Affordable housing scheme for EPFO subscribers

My Comment on an article "Affordable housing scheme for EPFO subscribers in offing" published in the economictimes.com Dated 04/01/2015 at 10:25 pm.


"It is a good scheme if implemented efficiently and under good supervision by the government bodies. 

Affordable houses should be practically suitable for living of a family of at least 4 or 5 members with good sanitation and water and power supplies. Interest rates should be less than that EPFO pays on deposits to its members so that it will not be a burden."

A Comment on raising minimum pension limit to Rs.1,000 by EPFO

My Comment on an article "Minimum pension of Rs.1,000 under EPFO; wage ceiling upto Rs.15,000" published in the Economic Times.com on 29/08/2014 at 3:40 pm.


"Very good decision for the benefit of salaried employees. 

They can now save enough money for their old age and also get enough pension of Rs.1000 for meeting their expenses. 

And increasing of insured amount is also a solace to their families in case of untoward incidents."

A Comment on CAG finding EPFO earned more but paid less to members

My Comment on an article  "CAG says EPFO earned more paid less to members in four fiscals" published in the Economic Times Dated 18/02/2014 at 10:44 pm.


"The figures are not clear. 

When interest earned is greater than amounts credited in respective years, then it must be a loss to the contributors. 

Whoever might have drawn their amounts during these years must have been paid less by way of interest. So such difference amount of interest should be paid to them now."