The Employees Provident Fund (EPF) subscribers must hyperlink their Aadhaar with the Provident Fund (PF) accounts earlier than 1 September. Employees’ Provident Fund Organization (EPFO) has made it obligatory to hyperlink Aadhaar with PF UAN (common account quantity) to get PF contributions from the employers. Earlier, the deadline was 1 June which was prolonged to 1 September.
In a round, the retirement fund physique EPFO mentioned that the directive on Aadhaar matching won’t occur from 1 June as was introduced earlier however from 1 September. It requested all its subject workplaces to make sure that employers are able to implement the choice from 1 September.
As per the earlier course, EPFO was insisting on validating Aadhaar, which suggests until all particulars like title, date of beginning, gender match, it was not permitting to pay the month-to-month EPF contributions. The transfer had prevented lakhs of staff particularly low paid formal sector workers because of the mismatch of data.
So, If you will have nonetheless not linked your Aadhaar together with your PF account, then do the needful. The EPFO has additionally issued a notification whereby it’s now the duty of the employer to make sure that their workers hyperlink their provident fund account to their Aadhar quantity.
in view of the second wave of coronavirus infections within the nation, EPFO had allowed its over 5 crore subscribers to avail of the second COVID-19 advance
Earlier final 12 months, the retirement fund physique had allowed its members to withdraw COVID-19 advance to fulfill exigencies because of the pandemic.
The members had been allowed to withdraw three months primary wages (primary pay dearness allowance) or as much as 75 per cent of the quantity standing to their credit score of their provident fund account, whichever is much less.
You can even lose out on different EPF advantages, which incorporates taking COVID-19 advances, insurance coverage advantages, too in case your Aadhaar particulars usually are not up to date.
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