Special Correspondent

TIRUCHI: The Employees Provident Fund Organisation has introduced an electronic payment system — National Electronic Fund Transfer — in an attempt to reduce the time lag between authorisation of claims and actual receipt of payments, M.Madhiazhagan, Regional Provident Fund Commissioner, Tiruchi, has said.

In a press release, Mr.Madhiazhagan said that to avail the facility, claimants filing applications for withdrawals should enclose attested copy of the first page of their bank passbook carrying details of the member's name, account number with Indian Financial System Code (IFSC). The new system would help improve the service and customer satisfaction, he said.