EPFO New Rule: EPFO makes some changes from time to time in the rules of Provident Fund. This time the change may have an effect on your money. That’s why it is important to pay attention in time.
EPFO New Rule: Pay attention if you do a job. An important change is going to happen for you from 1st September. EPFO is changing its rules. A rule related to Provident Fund will be applicable. If you do not follow this rule or have defaulted by mistake, then your employer will not be able to contribute 12% (employer’s contribution) to your account every month. If this happens then it is a big loss for you.
UAN-Aadhaar linking is necessary
Actually, from September 1, EPFO is linking Universal Account Number (UAN) with Aadhaar. For this, an alert has already been sent to all the subscribers. But, there are still many accounts that have not linked it. Otherwise, the employer will not be able to credit the money in the Provident Fund (PF) account. Actually, Employees’ Provident Fund Organization (EPFO) has to link UAN-Aadhaar to EPF account holders before 1st September 2021.
Many types of benefits will stop
Linking PF account with Aadhaar is mandatory under section 142 of the Social Security Code. If Aadhaar is not linked with UAN, then PF money will not be deposited in your EPF account. It will also be difficult to take withdrawal and advance loan from EPF till the linking is not done. According to EPFO Retired Enforcement Officer Bhanu Pratap Sharma, in the absence of linking, the contribution to the pension fund will also be affected. Linking of Aadhaar with Provident Fund account is mandatory for retirement benefits as well.
Employers will not be able to fill ECR
EPFO has also changed the rules for filing electronic challan and return (ECR) in June. It has allowed employers to fill ECR only for those employees whose Aadhaar is linked with UAN. EPFO has also asked the employers to ensure that the UAN-Aadhaar of all the employees should be linked. In case of non-deposit of money in PF account, interest can also be lost.
How to link UAN-Aadhaar online?
- Visit the official website of EPFO https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
- Login by entering your UAN and Password.
- Click on KYC option in Manage section.
- Several documents will be required to link Aadhaar with EPF account.
- Select the Aadhaar option and type your Aadhaar number and name, then click on Service.
- After filling all the details, the information will be secured and your Aadhaar will be verified with the data of UIDAI.
- Once the KYC documents are verified, Aadhaar will be linked with the EPF account.
- In the KYC option, “Verify” will be written in front of Aadhaar.
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