Business Other News 01 Mar 2017 Aadhaar led to issue ...

Aadhaar led to issues, says officials

DECCAN CHRONICLE WITH AGENCY INPUTS
Published Mar 1, 2017, 1:00 am IST
Updated Mar 1, 2017, 1:01 am IST
EPFO has allowed full and final withdrawal of funds by the subscribers from their pension account without providing Aadhaar number.
Later in January, the body had also made it mandatory for members to furnish Aadhaar number while submitting claims for settlement of their pension accounts under Employees' Pension Scheme 1995.
 Later in January, the body had also made it mandatory for members to furnish Aadhaar number while submitting claims for settlement of their pension accounts under Employees' Pension Scheme 1995.

New Delhi: Retirement fund body EPFO has allowed full and final withdrawal of funds by the subscribers from their pension account without providing Aadhaar number.

Explaining about the reason for giving this breather to the members, the official said, “The requirement of submitting Aadhaar number under Form 10C claims led to issues in settlement of withdrawal cases. Thus, it is decided that obtaining Aadhaar should be mandatory for the time being only for pension (fixation under 10D Form) and not in withdrawal cases (under Form 10C).”

 

Earlier in January, the Employees Provident Fund Organisation (EPFO) has made it mandatory for pensioners as well as subscribers to submit Aadhaar numbers for continuing the benefits under its various social security schemes.

Later in January, the body had also made it mandatory for members to furnish Aadhaar number while submitting claims for settlement of their pension accounts under Employees' Pension Scheme 1995.

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