According to new Provident Fund related Rule, as reported by Zee Business, from June 1st 2021, the employer has been given the responsibility to make Employees PF account Aadhaar verified. Failure to do so can lead to stoppage of employer contribution credit to account.
How EPF works?
Employees Provident Fund (EPF) is a scheme in which retirement benefits are accumulated. It covers every establishment in which 20 or more people are employed. Some organisations are also covered under EPF subject to certain conditions and exemptions even if they employ less than 20 persons each.
Withdrawal of PF
There are certain rules imposed by the Employees’ Provident Fund Organisation (EPFO) for the withdrawal of the PF. The Universal Account Number (UAN) which is a unique 12-digits code is a must for the easy withdrawal of the PF amount online.
1. Browse https://unifiedportal-mem.epfindia.gov.in/memberinterface/. Enter Universal Account Number (UAN) and password to login.
2. Now click on ‘Online Services’ followed by ‘One Member – One EPF Account (Transfer Request)’.
3. Check and verify ‘Personal Information’ and ‘PF Account’ for present employment.
4. Click on ‘Get Details’ – PF account details of previous employment would appear on the screen.
5. You will have the option of choosing between the previous employer or current employer. Choose either for attesting the form.
6. Click on ‘Get OTP’. You will receive an OTP on your registered mobile number. Enter it and click on ‘Submit’.
After submitting the OTP, scanned documents of the purpose for which you have filled the claim form need to be uploaded. After this, the employer will digitally approve the EPF request. It can take 15 to 20 days for the money to be credited in account.
