Pensioners will now be able to submit a digital life certificate from anywhere in the country using face authentication technology. The facial recognition verification will help the elderly pensioners who face difficulties in collecting their biometrics such as finger print and eye recognition due to old age for filing life certificates.

Now pensioners will not have to make rounds of banks for digital life certificate. All the work related to this will be done at home, that too from your mobile phone. Face authentication technology ie Facial Recognition Technology can be used in mobile phones.

EPFO’s decision

Labor and Employment Minister Bhupendra Yadav, chairman of the Central Board of Trustees, the decision-making body of EPFO, has started this facility. Earlier, the CBT in its 231st meeting gave in-principle approval for centralized distribution of pension to further improve EPFO ​​services for pensioners.

Now we know what is face authentication technology which is completely based on facial recognition technology. This facility will help in verification of people whose biometric authentication is facing problems due to fingerprint issues, old age or hard work. Under this, UIDAI has launched the FaceRD app to verify the identity of Aadhaar users.

This app easily verifies your identity by capturing your face using face authentication technology.

What is EPFO

Now let’s also know about EPFO. EPFO i.e. Employees’ Provident Fund Organization is the largest social security organization in the world and is currently maintaining more than 24 crore accounts related to its members.

The Employees’ Provident Fund was established on 15 November 1951 with the issuance of the Employees’ Provident Fund Ordinance. Here, the CBT has also approved the appointment of Citibank as the custodian of securities of EPFO ​​for a period of three years.

A proposal to extend the tenure of the existing custodian Standard Chartered Bank till a new custodian takes over was also approved.

The post Good News EPF Pensioner ! Lakhs of people will benefit from this new facility of EPFO, know details first appeared on Rightsofemployees.com.

A source told news agency PTI- Bhasha that a proposal for the formation of a central pension distribution system will be proposed in the meeting of the Central Board of Trustees (CBT), the apex decision-making body of the EPFO, to be held on July 29 and 30.

Further quoting the source, the report said that after the installation of this system, the distribution of pension will be done on the basis of the database of 138 regional offices, so that 73 lakh pensioners will be given pension simultaneously.

It was also informed that all the Regional Offices deal with the needs of the pensioners of their area differently. This allows pensioners to be paid pension on different days.

In the 229th meeting of the CBT held on November 20, 2021, the Trustees approved the proposal of C-DAC to develop a centralized IT based system. The Labor Ministry had said in a statement after the meeting that thereafter the details of regional offices would be shifted to the central database in a phased manner. This will facilitate the operation and delivery of services.

At present, 138 regional offices of EPFO ​​transfer pension to the accounts of the beneficiaries of their area. In such a situation, pensioners get pension on different days and times. 

The post Good News EPF Pensioner: Now pension will be transferred in one go, 73 lakh people will benefit first appeared on Rightsofemployees.com.