PF New Rules: New rules of PF account will be applicable from June 1, check the details inside
EPFO has issued a new notification on PF. This notification is for all the employers in the country and it will be implemented from June 1.
EPFO has issued a new notification on PF. This notification is for all the employers in the country and it will be implemented from June 1. The notification states that if the employer does not verify the PF account’s Aadhaar then ECR will not be filled from June 1.
The Employee Provident Fund Organization (EPFO), the government body of the pension fund, has changed its rules. This rule is related to Aadhaar. This new PF rule will come into effect from June 1. Under this, it will be mandatory to link the PF account with Aadhaar, otherwise, the amount deposited in the PF may be affected.
In the new rule, it will be necessary to verify Aadhaar now. It will be the responsibility of the company in which you work, to link the Aadhaar number or get it verified. If this is not done, then the amount received from the company may stop. The only way to avoid this problem is that if the employer and the employees do this work with mutual cooperation, otherwise the deposit capital of PF can be affected after June 1. In the new rule, it is necessary to verify the UN account, that is, the universal account number from Aadhaar.