Provident Fund subscribers, here is an important update for you. Starting from September 1, the EPFO is going to change some rules in the Provident Fund regulation.
As per the latest update, from September onwards, your employer will only be able to credit money in your provident fund (PF) account if your UAN (universal account number) is linked to your Aadhaar card.
Hence, it is mandatory for you to link your Aadhaar card with the provident fund account to get various benefits of the retirement fund. To implement the new rule, the Employees’ Provident Fund Organization (EPFO) has revised Section 142 of the Code of Social Security 2020.
Hence, if the subscribers want to enjoy the benefits of retirement fund then it is mandatory to link your Aadhaar Card with your PF account.
As per the guidelines from the EPFO, if the Aadhaar and UAN are not linked then, the employers would not be able to deposit the employee’s and employer’s contribution in the fund.