PF Account

The Indian PF Department should allot the PF Account No to each registered person for permanent. The no could not be change for the whole life. This should be like the saving bank account of the Bank. Even the Bank account could be closed but the PF account should not be closed prior to retirement or death of the person. The amount deposited in the PF account on monthly contribution of both employee and employer. There is no need to provide the statement. There must be no facility on line to withdraw the amount. The amount could be credit only. The account should be viewed by the account holder by giving him the password. There must be the nominee facility in the account. The account closed in only two conditions and i.e. either the person died and nominee can get the amount or the person get retired and he himself can withdraw the money.

These are my view; I am not claiming that the solution which I have shown is the only one which can simplify the PF process for all. There must more flexible and simple procedure with someone mind, just apply the technology and get make easy the process of PF. There is no need to fill up many different papers and follow procedure at different level. Reader is welcome to share their view to simplify the PF procedure. There are many other categories to make easy the procedure with the help of technology. We are making the simple matter into more complexes.