EPFO New Rule: EPFO is a very good option for investment. If you also invest in EPFO then this news is important for you. EPFO has issued instructions to simplify the process of claim process, tracking claims and checking passbook. With the implementation of the new rules, members will be facilitated. Read full news…
EPFO New Rule: The Employees Provident Fund Organization (EPFO) has changed the rules of Provident Fund (PPF). After the implementation of the new rules, the claim process, tracking claims and checking passbook has become easier. After the implementation of this rule, EPF members will get a lot of convenience.
Let us tell you that the Central Government has issued instructions to implement Aadhaar Payment Bridge and 100% Biometric Aadhaar Authentication. After this instruction, employers and employees will get the benefit of Employment Linked Incentive (ELI) scheme. This scheme was announced in the Union Budget 2024-25.
To take advantage of the new rules, employees will have to complete an important task before 30 November 2024.
Activate UAN
Along with new employees, old employees will also have to activate the Universal Account Number (UAN). For this, they will have to activate UAN through Aadhaar based OTP process. After UAN is activated, it will be easy for EPFO members to avail all online service facilities. Yes, after activating UAN, you can easily use the services mentioned below-
- Managing Provident Fund Account
- View and Download PF Passbook
- Submit Claim Online
- Updating Personal Details
- Tracking Claim
- Now members can avail 24/7 service of EPFO. Now they will not need to visit EPFO office.
How to Activate UAN
- First of all go to EPAO portal.
- Select the option of Activate UAN here.
- After this enter UAN, Aadhaar number, name, date of birth, and Aadhaar linked mobile number.
- Now accept Aadhaar OTP verification and then enter the OTP.
- After UAN is activated, the password will come on the registered mobile number.