From October 1st, the Fiji National Provident Fund will make all payments electronically to its members and vendors.
This is part of the Fund’s efforts to shift its processes to digital platforms to boost efficiency, improve accessibility and allow for greater convenience for members.
FNPF says this is also one of the measures that is being implemented to strengthen the Fund’s internal processes.
All Fund payments will be done through electronic funds transfer.
Currently, more than 90% of the Fund’s payments are remitted electronically, however there are exceptions for those who do not have bank accounts.
Chief Executive Officer Jaoji Koroi says as part of the changes to tehir payment processes, they will no longer print or distribute cheques. Koroi says members are encouraged to open their bank accounts to ensure that payments for any withdrawal assistance they access, are paid directly to their accounts.
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