The Staff Provident Fund (EPF) subscribers must hyperlink their Aadhaar with the Provident Fund (PF) accounts earlier than 1 September. Staff’ Provident Fund Group (EPFO) has made it necessary 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 stated that the directive on Aadhaar matching is not going to occur from 1 June as was introduced earlier however from 1 September. It requested all its area workplaces to make sure that employers are able to implement the choice from 1 September.
As per the earlier path, EPFO was insisting on validating Aadhaar, which suggests until all particulars like identity, date of the beginning, gender match, it was not permitting to pay the month-to-month EPF contributions. The transfer had prevented lakhs of employees particularly low-paid formal sector workers as a result of a mismatch of data.
So, When you have nonetheless not linked your Aadhaar along with your PF account, then do the needful. The EPFO has additionally issued a notification whereby it’s now the accountability 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 satisfy exigencies as a result of the pandemic.
The members have been allowed to withdraw three months’ primary wages (primary pay dearness allowance) or as much as 75 percent of the quantity standing to the credit score of their provident fund account, whichever is much less.
Additionally, you will lose out on different EPF advantages, which incorporate taking COVID-19 advances, insurance coverage advantages, too in case your Aadhaar particulars are usually not up to date.