financetom
Personal Finance
financetom
/
Personal Finance
/
EPF-Aadhaar linking mandatory now; here's how to link the two online
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EPF-Aadhaar linking mandatory now; here's how to link the two online
Jun 2, 2021 8:18 AM

The Employees' Provident Fund Organisation (EPFO), the retirement fund body, has made Aadhaar seeding mandatory for all Employees’ Provident Fund (EPF) accounts. Failing to this will lead to discontinuation of the employers' contribution in the EPF account as they won't be able to file Electronic Challan cum Return (ECR) of the EPF accounts not linked with Aadhaar.

Live TV

Loading...

The employees won't be able to avail of any other services too from the EPFO in the absence of Aadhaar verification.

The EPFO has taken the decision under Section 142 of the Social Security Code 2020.

This means employees who have not linked the two should do it immediately without any delay. It’s important to note here that the retirement fund body, allows subscribers to update the Aadhaar details in the Employees' Provident Fund (EPF) account through its online portal - epfindia.gov.in.

Here are the steps to link your EPF account with Aadhaar online:

Step 1:

Visit the EPFO's member portal and log in through username and password.

Step 2: Go to the 'Manage' option in the top menu bar.

Step 3: Select the 'KYC' option from the drop-down.

Step 4: A new page opens which contains a list of the different document types. Select “Aadhaar” to link with your EPF account.

Step 5. Enter your Aadhaar number and your name as per your Aadhaar card and click on the save option.

Step 6. Once you have saved your Aadhaar details, your Aadhaar will be verified from UIDAI’s data.

Step 7. On successful approval of your KYC document, you will successfully be able to link Aadhaar with your EPF account and you will find “Verified” written against your Aadhaar details.

Meanwhile, the EPFO has also allowed its members to avail a second non-refundable COVID-19 advance.

Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75 percent of the amount standing to member's credit in the EPF account, whichever is less, is provided. Members can apply for a lesser amount also.

(Edited by : Jomy Jos Pullokaran)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Maintains Hold Opinion On Shares Of Cisco Systems, Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Cisco Systems, Inc.
May 16, 2024
03:55 PM EDT, 05/16/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target price by $5 to $50, 14.0x our FY 25 (Jul.) EPS estimate, a slight discount to its three-year forward average P/E at 14.3x, reflecting our...
Research Alert: CFRA Keeps Buy Opinion On Adss Of Aegon Ltd.
Research Alert: CFRA Keeps Buy Opinion On Adss Of Aegon Ltd.
May 16, 2024
12:25 PM EDT, 05/16/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price for Aegon ( AEG ) to USD7.50 (USD6.50), based on 0.8x comprehensive equity, which also implies a 2025 P/E of 10x, broadly in line with...
Stock Market Today: Dow Flirts With 40K After Walmart Earnings
Stock Market Today: Dow Flirts With 40K After Walmart Earnings
May 16, 2024
Stocks were choppy Thursday coming off Wednesday's record-setting session. A steady stream of headlines gave investors plenty to consider – including the Dow Jones Industrial Average's first-ever foray atop the psychologically significant 40,000 mark. The 30-stock index didn't stay there for long, but it certainly sparked excitement across Wall Street.  A positive earnings reaction for blue chip retail giant Walmart...
Research Alert: CFRA Keeps Buy Opinion On Shares Of Chubb Limited
Research Alert: CFRA Keeps Buy Opinion On Shares Of Chubb Limited
May 16, 2024
11:00 AM EDT, 05/16/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price by $25 to $302, valuing CB shares at 12.7x our 2025 operating EPS estimate of $23.70 and at 13.9x our 2024 EPS estimate of...
Copyright 2023-2025 - www.financetom.com All Rights Reserved