EPFO is a government-run social security scheme that aims to promote financial security and reduce corruption. Here are some ways in which EPFO is helping to eradicate black money transactions and reduce corruption:

Online transactions: EPFO has introduced online transactions, which makes the process of making contributions and withdrawals more transparent and reduces the scope for corruption.

Electronic record keeping: EPFO has introduced electronic record keeping, which makes it easier to track contributions and reduces the scope for manipulation and corruption.

Compliance monitoring: EPFO conducts regular compliance monitoring to ensure that employers are making contributions on time and are not engaging in fraudulent practices.

Linking Aadhaar: EPFO has linked Aadhaar with its database, which makes it easier to track contributions and reduces the scope for identity fraud and corruption.

Direct benefit transfer: EPFO has introduced direct benefit transfer, which ensures that the benefits reach the beneficiaries directly and reduces the scope for middlemen to siphon off funds.

By promoting transparency and introducing measures to reduce corruption, EPFO is contributing to the eradication of black money transactions and promoting financial integrity.