No Aadhar Card? No PF Transactions

No Aadhar Card? No PF Transactions

If you haven’t got your Aadhar card, hurry up and apply. The government has now made it mandatory to provide your Aadhar card number for PF transaction.

Salaried employees in organised sector will have to provide their Aadhaar numbers for seeking benefits under the EPF scheme being operated by retirement fund body Employees’ Provident Fund Organisation (EPFO), reports the PTI.

The report also states that it will be mandatory for new members to submit their Aadhaar numbers as part of the KYC (Know Your Customer) verification from March 1, 2013 onward.

What about exiting members?
For existing members, the seeding of Aadhaar number has to be done in a time-bound manner,” an official order to the field staff said.


What if you don’t have an Aadhar number?
In case an employee does not have the Aadhaar number, the employer can issue an Enrolment Id (EID) as per the guidelines of the body. This EID would be converted into Aadhaar number later on, the order said.


Where do you apply for an Aadhar card?
Aadhaar enrolment is free. You can go to any authorized Aadhaar enrollment center anywhere in India with your identity and address proof. Click here for more information

How will this help?
This will help EPFO members, particularly the construction workers, who often change their jobs or contractors.

Reception of the directive
Central trade unions have, however, slammed the move by the Employees Provident Fund Organisation to make Aadhaar mandatory for opening new PF accounts and continuing existing ones.

Source: Yahoo