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Provident Fund New Rule: EPFO Alert! Subscribers won’t receive PF money if they fail to follow THIS rule

Provident Fund New Rule: EPFO Alert! Subscribers won’t receive PF money if they fail to follow THIS rule
Image Source : PTI/FILE

Provident Fund New Rule: EPFO Alert! Subscribers won’t receive PF money if they fail to follow THIS rule

EPFO Alert: Government or non-public sector workers, who’re Employees Provident Fund (EPF) subscribers, there is a vital replace for you. Employees Provident Fund (EPF) subscribers could have time until September to hyperlink their Aadhaar card with the Provident Fund (PF) accounts.

As per report, the Employees’ Provident Fund Organization (EPFO) has made it necessary for its subscribers to hyperlink Aadhaar Card with PF UAN (common account quantity) to proceed receiving funds of their PF accounts from the employers and different advantages.

As per the order issued by the EPFO, the final date to hyperlink Aadhar with PF UAN is September 1, 2021. The deadline has been prolonged from June 1, 2021, which was earlier set by the EPFO.

“The ECR shall be allowed to be filed only for those members, whose Aadhaar numbers are seeded and verified with the UANs, Ensure the Aadhaar seeding in respect of all the contributory members to enable them to avail uninterrupted services of the EPFO and to avoid any inconvenience,” EPFO earlier talked about in a round.  

The labour ministry amended Section 142 of the Code of Social Security 2020 to implement this new rule. Section 142 offers for establishing the identification of an worker or an unorganised employee or every other individual by Aadhaar quantity for looking for advantages and availing providers beneath the Code.

“The linking of PAN and Aadhar Card is a primary Know Your Customer (KYC) requirement of all banks, PPF accounts and EPF accounts. If this isn’t accomplished then as an enforcement measure curiosity credit score by employers and withdrawal claims from you PF acocunts will face points corresponding to rejection. This is a primary enforcement measure,” mentioned Vidisha Krishan, companion at legislation agency MV Kini.

If your Aadhaar particulars aren’t linked with PF UAN than you’ll not receive funds in your PF account and likewise you’ll lose out on different EPF advantages too. This consists of taking COVID-19 advances introduced final month and insurance coverage advantages linked to PF accounts.

How to Link Aadhaar to PF account 

1) Visit epfindia.gov.in 

2) In Online Services, click on on E-KYC Portal 

3) Enter your Aadhaar quantity, and look forward to the OTP to be generated

4) Fill the Aadhaar quantity once more and confirm the OTP. 

5) Aadhaar might be linked along with your PF account. 

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