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| EPF passbook |
Mandatory from March 2013
for new EPF members, others will have to do it by June 30th 2013
If you haven’t got your Aadhaar number yet, get around to applying for it
soon. Else, getting an employees’ provident fund (EPF) account will not be
possible. The government has issued a notice making it mandatory for people to
furnish their Aadhaar numbers at the time of opening EPF accounts.
“It has been decided to make Aadhaar numbers mandatory for new members...
joining on or after March 1, 2013. However for existing members, the seeding of
Aadhaar number has to done in a time-bound manner,” an official order to the
field staff said.
The move aims at getting more people to apply for their Aadhaar card. In
case, an employee does not have the Aadhaar number, the employer can issue an
enrolment ID as per the guidelines of the employees’ provident fund
organisation (EPFO). This enrolment ID will be converted to their Aadhaar
number later on, the order said.
Over 50 million existing EPFO subscribers will be required to furnish their
Aadhaar numbers to the body by June 30 this year, as it has decided to use
Aadhaar as a mandatory know your customer credential to provide better
services.
Making Life Easier
To make registration for Aadhar easier, the EPFO will approach the unique
identification Authority of India to setup enrolment camps in industrial areas.
It is in the process of providing a unique account number to all its members,
which will do away with the need for transferring money from one account to
another in the event of a change of a member’s job.
Cheers!!
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