Employees Provident Fund (EPF) subscribers and pensioners can now seed in their Aadhaar numbers in their accounts at any EPF…
Employees Provident Fund (EPF) subscribers and pensioners can now seed in their Aadhaar numbers in their accounts at any EPF field office or Government-run Common Service Centres (CSCs).
This has been made possible after the launch of the Aadhaar Seeding Application by Labour and Employment Minister Bandaru Dattatreya.
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The Aadhaar seeding has been provided to ensure efficient service delivery through optimum use of information technology.
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The EPF Central Board of Trustees under the chairmanship of the Labour Minister decided to recommend a minimum assured benefit of Rs 2.50 lakh on death of Employees’ Deposit Linked Insurance (EDLI) members.
A loyalty-cum-life benefit has also been proposed for the EDLI subscribers on superannuation on completion of 58 to 60 years of age, and total and permanent disablement with minimum 20 years of contributory service, as a pilot project, for two years.
Thereafter the scheme will be reviewed. The Board meet took note that the recent employees’ enrolment campaign
from January 1 to March 31, 2017 had added about 50 lakh more subscribers to the EPF Scheme.
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