Advertisements
Hr NewsStatutory Compliance

Lack of Aadhaar no bar for becoming Employee Pension Scheme member

Source | https://economictimes.indiatimes.com : By Preeti Motiani

EPFO has clarified that lack of Aadhaar number will not be an obstacle for new employees for becoming members of the Employees’ Pension Scheme 1995 (EPS). According to a circular issued by the Employees’ Provident Fund Organisation (EPFO) on March 26, employees who do not have Aadhaar will now be able to become members of EPS. This thus brings good news for those new employees who are facing difficulty to generate their UAN and subsequently becoming members of EPS due to non-availability of of Aadhaar.

Such employees will now have to give an undertaking in writing stating that they do not have Aadhaar number. The undertaking will be given by them to their employers’ who will then forward it to the Regional PF Commissioner office for further processing.

Last year, EPFO had issued a circular making Aadhaar mandatory for all new EPS members with effect from July 1, 2017. For north-eastern states, this directive came into effect from October 1, 2017.

EPFO has received representations from some stakeholders highlighting the difficulties faced during initial enrolment process due to non-possession of Aadhaar number. This additional route has been taken by the EPFO to allow the immediate enrolment of the member and to avoid any delays in remittance of contributions in respect of such new employees.

The provident fund body has already asked existing members to submit their Aadhaar details with effect from February 1, 2017 whileproviding their claim forms under the scheme.

The Supreme Court in its order dated March 14, 2018 has extended the deadline of linking Aadhaar with bank accounts, PAN, mutual funds and other financial services indefinitely till the legality of its is decided.

Read On….

Advertisements
Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
Close