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Notification No.: ELI/UANActivation/2024
Notification Date: 22th November 2024
Relevant Act / Rule: Employees’ Provident Funds Scheme, 1952
The Employees’ Provident Fund Organization (EPFO) has issued a circular regarding the Employment Linked Incentive (ELI) Scheme announced in the Union Budget 2024-25. To benefit from this scheme, UAN activation and Aadhaar seeding in employees’ bank accounts are mandatory :
1) All EPFO subscribers must have an Aadhaar-linked Universal Account Number (UAN), activated through the Member Portal to access services like PF passbook viewing, submitting claims, and updating personal details.
2) The activation can be done easily using an Aadhaar-based OTP, as per the process in Annexure A.
3) For receiving benefits under Direct Benefit Transfer (DBT) schemes, employees’ bank accounts must be linked to Aadhaar.
4) Employers must ensure UAN activation and Aadhaar seeding for their employees by 30th November 2024, starting with the latest joinees, to avail benefits under the ELI Scheme.
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