EPFO subscribers alert! Beware of this Provident Fund (PF) account fraud

EPFO subscribers alert! Beware of this Provident Fund (PF) account fraud

EPFO account fraud: The Employees’ Provident Fund Organisation (EPFO) has issued a warning to its subscribers to beware of the Provident Fund (PF) account fraud. The organization has started crediting money (interest) to its 6 crore subscribers pan India and warned its account holders against fraudsters who may deceive them and steal their funds. The warning has been issued after many cases were reported. Scamsters were reportedly calling up PF account holders and saying they were EPFO officials and seeking their personal details. Once these details were collected, they stole the money from innocent PF account holders.

How Fraudsters Stole PF account Holders’ Money

Reportedly, these scamsters call innocent PF account holders to ask about their Aadhaar card number, PAN card number or even UAN (Universal Account Number), password or an OTP and thereafter access the account and loot the money .

EPFO Fraud Alert: What PF Account Holders Must Not Do

In order to spread awareness for the same, the EPFO has issued a warning for its subscribers to not share these details with anyone over phone or email to avoid any kind of fraud.

EPFO says on its website and Twitter handle, “EPFO never asks you to share your personal details like Aadhaar, PAN card, UAN or bank details over the phone. EPFO never calls any member or subscriber to deposit any amount in any bank. Please do not respond to such a fake call. Don’t disclose your personal information over the phone.”

Leaking of such crucial details can let a scamster log in to your EPF account and hamper your financial security. Often, the targets of these hackers are the people who have transferred their jobs and not yet transferred their money. There have been several cases in the past, where PF account holders are looted in this manner.