Subscribers to the Employees’ Provident Fund (EPF) Scheme now have time till March 31 to link their Aadhar number with the account. The Employees’ Provident Fund Organisation extended the previous deadline of February 28 to give more time to the 4 crore subscribers to the scheme.
The organisation is keen on linking the Aadhar with the account to ensure transparency. There have been instances in the past where cases of misuse of pension came to the fore, with this move expected to negate such experiences.
The EPF scheme provides pension to over 50 lakh individuals, in addition to catering to its subscribers.
Senior officials at the EPFO have directed all field offices to publicise this extension, ensuring that the public is aware about the new requirements. The government made it mandatory for all EPF members to provide their Aadhar number in January this year.
Under the new rule, the government will not provide the 1.16% subsidy unless an account is linked with the Aadhar number of the individual. The employer contributes 8.33% of the salary of a member under the scheme.
Members who haven’t applied for an Aadhar card yet can continue to receive the government’s subsidy by providing a list of documents. These include a copy of the Aadhar enrolment request, in addition to an ID certificate from the employer.
Additionally, the government also extended the deadline for submitting the digital life certificate. The new deadline for this is March 31.
Individuals who are yet to link their accounts with their Aadhar should do so at the earliest, for the government has no plans to further extend this deadline.