10 years, 8 months ago

PF portabilty soon: EPFO to provide Universal Account Numbers by 15 Oct

New Delhi: Retirement fund body EPFO hasdecided to work in mission mode to provide portable UniversalAccount Number to contributing members initially and seed itwith KYCs like Aadhaar and PAN to make it more secure. According to the office order, the Labour Ministry hascommitted that the seeding of KYCs to the UAN number would becompleted by 15 October, 2014.EPFO has constituted a special team to oversee theprogress of UAN project. The head office told field staff to impress upon theemployers that Aadhaar/NPR must be seeded wherever availableas it would be useful. As per the order, KYC selected forthe purpose are Aadhaar/NPR, PAN and bank account number.Though, the portal provides for seeding of other KYCs suchas election card, ration card, passport, driving license etc,which are not mandatory in a way but seeding of the same woulddefinitely give more security to the UAN of a particularmember, it added.

Firstpost

Discover Related