New Delhi: Employees’ Provident Fund Organization’s new guidelines on Aadhaar and PF linking are kicking in from right now June 1,2021. If PF account holders fail to stick to the rule, then they may face main have an effect on on their EPF contribution.
Linking of PF account with Aadhaar
According to the brand new EPFO rule, each account holder ought to have his or her PF account linked to the Aadhaar Card. It would be the duty of the employer to ask the staff to confirm their PF account. If by June 1, the staff fail to take action, then they may undergo a number of losses –one such being that the employer contribution to the PF account may even be stopped. A notification in this regard has additionally been launched by EPFO.
What is the brand new rule all about?
The EPFO has carried out new guidelines beneath part 142 of the Social Security Code 2020. The regulatory physique has clearly instructed the employers that from June 1, if a PF account will not be linked to Aadhaar or UAN will not be Aadhaar verified, then its ECR-Electronic Challan cum Return won’t be stuffed.
This means, although staff can see their very own PF account contribution, they will be unable to get the employer’s share.
How to hyperlink EPF account with Aadhaar
Login to your EPF account on the unified member portal
Click on the “KYC” possibility in the “Manage” part
You can choose the main points (PAN, Bank Account, Aadhar and many others) which you wish to hyperlink with UAN
Fill in the requisite fields
Now click on on the “Save” possibility
You are achieved.
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