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Home Uncategorized

KYC compliance norm: Now, EPFO will accept Aadhaar as birth proof online from subscribers

According to the statement, the date of birth recorded in Aadhaar will now be accepted as valid proof of date of birth for rectification, provided that the difference in the two dates is less than 3 years.

by Navjeevan Express
5 years ago
in Uncategorized
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KYC compliance norm: Now, EPFO will accept Aadhaar as birth proof online from subscribers
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NE NEWS SERVICE

NEW DELHI, APRIL 5

With an aim to virtually help its employee members, retirement fund body EPFO will accept online its subscribers’ Aadhaar card as valid proof to rectify their date of birth to ensure that the account is KYC compliant, the Labour Ministry said on Sunday.

Representational image

“In a move to extend the availability and reach of online services in the wake of the COVID-19 pandemic, the EPFO (Employees’ Provident Fund Organisation) has issued revised instructions to its field offices to facilitate PF members to rectify their date of birth in EPFO records, thus ensuring that their UAN is KYC compliant,” a ministry statement said.

UPDATED – Frequently Asked Questions on EPF Advance to fight COVID-19 pandemic

#IndiaFightsCorona #EPFO #CoronavirusOutbreak #SocialSecurity pic.twitter.com/FdgaWVVlNE

— EPFO (@socialepfo) April 5, 2020

According to the statement, the date of birth recorded in Aadhaar will now be accepted as valid proof of date of birth for rectification, provided that the difference in the two dates is less than 3 years.

अपने मोबाइल पर UMANG App डाऊनलोड करने का आसान तरीका।#IndiaFightsCorona #EPFO #CoronavirusOutbreak #SocialSecurity pic.twitter.com/tpTkTCGaly

— EPFO (@socialepfo) April 2, 2020

The PF subscribers can submit the correction requests online. It said that this will enable the EPFO to validate the birth date of members online with the Unique Identification Authority of India (UIDAI) instantaneously, thus authenticating and reducing the processing time of change requests.

The EPFO has instructed field offices to expedite disposal of online requests, enabling Provident Fund members in financial distress, to apply online for availing non-refundable advance from their PF accumulations to tide over COVID-19 pandemic.

EPFO introduced ‘Pandemic advance facility’ for employees#IndiaFightsCorona #EPFO #CoronavirusOutbreak #SocialSecurity pic.twitter.com/BsO50EdRuV

— EPFO (@socialepfo) April 1, 2020

Earlier, the EPFO allowed its subscribers to withdraw three months’ basic pay and dearness allowance as a non-refundable advance on the ground of COVID-19 lockdown from March 28, 2020.

However, the facility was available to those members whose KYC (Know Your Customer) compliance was complete.

Now, this decision would help the members to make their universal account numbers KYC compliant.

 

Tags: 3 years differenceAadhaar cardcorrectionscovid-19date of birthEPFO (Employees' Provident Fund Organisation)KYC (Know Your Customer)Labour MinistryonlineUANUnique Identification Authority of India (UIDAI)
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