EPFO account holders. A message has gone out to employees across the country. Note this date
Chennai: The central government has extended the deadline for UAN activation and linking bank accounts with Aadhaar to avail benefits under the Employees' Provident Fund Organisation (EPFO) scheme till January 15.
The previous deadline was december 15. The Provident Fund Organisation has now announced that it will extend this deadline till january 15, 2024. Earlier, the deadline was fixed till november 30.
Generally, to avail of EPFO services online, there is a Universal Account Number (UAN). Before using it, it needs to be activated. UAN is a 12-digit number, which is given to employees by EPFO. Time has been given till January 15 to activate it.
In addition, the central government has extended the deadline for linking bank accounts linked to EPFO with Aadhaar to january 15. A bank account should be linked to Aadhaar so that whenever money is paid through EPFO, the money will be transferred directly to the bank account linked to it. The central government has extended the deadline for this till january 15.
In addition, as per the central government circular, certain people do not need to verify their Aadhaar card to receive the PF amount.
1) international Workers (IW), who have left india without obtaining Aadhaar after completing their work.
2) indian workers who have migrated permanently abroad and have acquired citizenship without Aadhaar
3) Nepalese citizens and Bhutanese citizens who fall under the employee category and are not residents of india working in an organization under the EPF & mp Act and as a result do not have Aadhaar.
In case the above members do not already have a UAN, they will have to create a UAN, but since it is not possible to obtain Aadhaar now, it has been announced that the requirement to link Aadhaar with UAN is being waived.
A few days after the launch of PAN 2.0, the Central Government is now said to be preparing to introduce the EPFO3.0 scheme. These changes are expected to be announced to address the grievances of lakhs of subscribers.
The Employees' Provident Fund Organisation (EPFO) currently has a cap of 12 percent on employee contributions to the Provident Fund (PF). This cap is now being removed.
Every employee has their own individual savings habits. It is said that the employee contribution to the Provident Fund (PF) can be changed based on those habits. That is, the employee contribution to the Provident Fund (PF) can be increased. It has been announced that those who are currently contributing Rs 1800 can contribute more if needed.
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