Pag-IBIG now requires use of MID in all transactions

By Philippine Information Agency (PIA 8)
September 4, 2012

TACLOBAN CITY  –  Since September 1, 2012, the Home Development Mutual Fund or Pag-IBIG has started requiring all its members to transact with the Fund using their Membership Identification (MID) numbers.

Manager Paulino C. Talacay of Pag-IBIG Fund Tacloban Branch informed the Philippine Information Agency that this is part of the Fund’s transition to an enhanced system that will make its services even faster and more efficient for its members.

Manager Talacay said that with this latest development, the employers are encouraged that every time they remit the contributions and loan payments of their employees, their MID numbers must be indicated in the remittance forms.

“Without the MID numbers, processing of transactions may have delays,” Manager Talacay said.

As such, Manager Talacay advised members to indicate the MID when remitting and submitting such documents as Members Contribution Remittance Form, Short Term Loan/Multipurpose Loan Applications and Monthly Remittance Schedule for Multi-Purpose Loans and Housing Loans.

The Pag-IBIG manager also stressed that members or employees without MID mat secure a Registration Tracking Number (RTN) by registering online through the e-member Services facility at www.pagibigfund.gov.ph.

“The RTN can be used in place of the MID,” Manager Talacay said.

Moreover, for faster posting of Pag-IBIG contributions and loan payments, member-employees are also advised to submit a softcopy (computer file) of the remittance schedules with the fund.