Earlier they had to go to banks to submit physical life certificate, which caused many problems. EPFO ​​adopted Digital Life Certificate (DLC) in 2015 to make the life of its pensioners easier. EPFO ​​accepts DLC from EPS pensioners on the basis of biometric authentication.

For submitting biometric based DLC, the pensioner is required to visit any bank, post office, Common Service Centre or EPFO ​​office branch as fingerprint/iris recognition machine is available there.

Face authentication technology made work easier

To reduce the difficulties faced by senior citizens in physically visiting banks/post offices etc., MeitY and UDAI have developed Face Authentication Technology (FAT), under which face recognition technology can be used for proof of life certificate.

Also Read: RBI Imposes Penalty: RBI Imposes Rs 1.45 Crore Penalty On Central Bank Of India. Check Here

EPFO adopted this technology in July, 2022. This started a completely new process of submission of DLC by pensioners from their homes and made the process easy and affordable for them. With this, the elderly can complete the process using any Android based smartphone and avoid the hassle of going to the bank, post office etc. in old age.

In this method, the pensioner can be identified by facial scan using a smartphone camera at their home. This authentication is done from UIDAI’s Aadhaar database using the UIDAI Face Recognition App.

200% growth year-on-year

Since its introduction in EPFO, facial authentication technology based DLCs have been submitted by 2.1 lakh pensioners in 2022-23, which increased to 6.6 lakh in 2023-24, reflecting a 200% year-on-year increase in the use of this technology. It is also worth mentioning that the 6.6 lakh FAT based DLCs in 2023-24 is about 10% of the total DLCs received during the year. In total, about 60 lakh DLCs were received from pensioners during the last financial year.

You need to install 2 apps on your phone

To use the facial recognition method, one needs to install two applications i.e. Aadhaar Face RD and Jeevan Pramaan on their smartphone. Operator authentication for these applications is done through mobile numbers linked with Aadhaar. Detailed guidelines are given in the apps to ensure successful face scan. After the scan is complete, the DLC submission is confirmed on the mobile screen along with Jeevan Pramaan ID and PPO number, making the process convenient to complete from the comfort of your home.

The use of this innovative and convenient technology for DLC of EPS pensioners was added to the EPFO ​​​​software in July, 2022. To ensure that the new method becomes popular among more and more pensioners, detailed instructions were issued to all regional offices. This process is regularly explained to pensioners not only in the regional offices but also during the ‘Nidhi Apke Nikat’ program being organized in all districts across India from January, 2023. A detailed video on the use of this technology is available on the official YouTube handle of EPFO ​​​​@SOCIALEPFO. EPFO ​​​​is confident that the convenience of this method will make the lives of more and more pensioners easier.

The post EPFO Pensioners: Life certificate will be deposited from home, no need to make rounds first appeared on Rightsofemployees.com.

For higher pension, employees who have retired before September 1, 2014 and have subscribed to the erstwhile pension scheme under the joint option, can login to the UAN portal under this special facility of EPFO. Eligible employees can apply their application online by visiting this portal.

These employees will be able to fill online application

On December 29, 2022, EPFO ​​had issued a circular related to the implementation of the decision of the Supreme Court of November for employees eligible for higher pension. In the circular issued, the EPFO ​​said that pensioners who had deposited salary in excess of the then wage limit of Rs 5,000 or Rs 6,500 as employees.

Employees who had opted for joint option under EPS with pre-revised scheme while being a member of Employees’ Pension Scheme. Employees who were rejected from EPFO ​​for enhanced pension coverage. On the basis of the issued circular, now they will get the benefit of higher pension. All those eligible employees will be able to apply online application on EPFO’s website.

8.33% of salary tax scheme has been deposited for higher pension

In November 2022, the Supreme Court in its judgment upheld the Employees’ Pension Scheme Amendment of 2014, giving EPFO ​​subscribers another chance to opt for higher pension payouts. Employees who were members of EPS on September 1, 2014, all those subscribers were allowed to deposit a maximum of 8.33 per cent of the ‘actual’ salary in the erstwhile Employee Pension Scheme EPS for pension. Under the relevant order of the Supreme Court, EPS members were given 6 months to choose the revised plan.

The post EPFO Pensioners: EPFO started special facility for higher pension, these employees will be able to fill online application first appeared on Rightsofemployees.com.

EPFO has given many facilities for pensioners on its portal. Where pensioners will get answers to their questions related to pension. With the help of this portal, pensioners can fulfill all their needs. The purpose of launching this portal is Ease of Living.

EPFO has opened the Pension Portal to solve the exact problem related to the pension of the retired employee. Pensioners get many types of facilities on this portal. So let us tell you about all the information available on the portal of EPFO.

Life Certificate enquiry: Pensioners have to submit life certificate every year to the PF office. Due to which he is seen roaming around the offices. But now every information related to life certificate will be available on the portal only.

Know the PPO number: Pensioners get pension after retirement only with the help of PPO number. This is a 12 digit reference number. Which is for any communication to the Central Pension Accounting Office. It is necessary to enter the PPO number in the passbook of the pensioner.

PPO number is necessary for transfer of pension account from one branch of the bank to another branch. Now the employees will be able to get this information from the portal. After clicking on this option, PF number or registered bank account number will have to be submitted. After that the PPO number will appear.

PPO Related Enquiry: Employees will also be able to get their PPO related information from here. Along with this, information related to payment will also be found here.

Pension Status: With the help of this the employee will easily know the current status of his pension. For this, they do not need to go round the office.

The post EPFO Pensioner: Good News! You will not have to go around the office, all the necessary information will be available on this portal first appeared on Rightsofemployees.com.

EPFO Pensioners: If you are a pensioner then this news is useful for you. There are crores of pensioners across the country, they have to submit their life certificate once a year. As per the rules, every year in the month of October and November all the senior citizens who get pension submit their life certificate to the banks. If the pensioners do not do this, then their pension is stopped. The bank gives a full two months to the Super Senior Citizen above 80 years to submit their life certificate.

On the other hand, old people above 60 years get time between 1 November to 30 November 2022, but do you know that there are some pensioners who are not required to submit life certificate in the month of November. Pensioners of Employees Provident Fund Organization (EPFO) get the facility that they can submit their life certificate at any time of the year.

Life certificate is valid for 1 year

EPFO ​​while giving information to its lakhs of pensioners has told that the pensioners of EPS-95 can submit their life certificate at any time of the year. It is valid for one full year from the date of submission. For example, if a person has submitted his life certificate in March 2022, then he will have to submit this certificate again in the month of March 2023.

Pensioners of EPS-95 can submit life certificate in this way . Pension holders of Employees’ Provident Fund Organization get the facility to submit life certificate in many ways. You can submit this certificate both online and offline. You can go to the bank or post office to submit the offline certificate. You will have to fill a form by going there. Along with this, you will have to show PAN card and Aadhaar card as your ID. After this your life certificate will be easily submitted. Apart from this, you can also submit your life certificate by going to Jadiki Common Service Center.

You can also submit life certificate from home Apart from offline, old people can also submit their life certificate while sitting at home. You do not need to go to the bank for this. More than 12 public sector banks across the country are providing door step banking facility to their customers. Apart from this, you can also avail the services of these banks online. Apart from this, the postal department is also giving its customers the facility to submit digital life certificates.

The post EPFO Pensioners: Good news for pensioners! These people will not have to submit life certificate in November, know details first appeared on Rightsofemployees.com.

A new rule has come to withdraw money from EPFO, which is beneficial for you. It is also important for you to know this. The Central Board i.e. CBT has recommended to the government that changes should be made in the EPS withdrawal rules. This is great news for the employees who are going to retire in the next 6 months.

The CBT has recommended the government to make necessary changes in the EPA-95 plan. It is believed that when the retirement benefit is fixed, the retiring employees will get more benefits. On Monday, the Employee Provident Fund Organization has announced some new changes to withdraw money. According to the new rules, an employee can withdraw money even 6 months before retirement.

The Employees’ Provident Fund Organization (EPFO) has announced a significant change on Monday. Now how can customers withdraw their savings amount? Employees Pension Scheme 1995 (EPS-95) deposits can now be withdrawn by subscribers even with less than six months service as per the decision taken by EPFO.

At present, only EPFO ​​members who have less than six months of service left can withdraw the amount deposited in an employee’s provident fund account. The Central Board of Trustees in its 232nd meeting, chaired by Union Labor Minister Bhupendra Yadav, the highest decision-making body of EPFO, recommended changes to the existing EPS-95 scheme to the government. The board has advised the government regarding the extension of EPS withdrawal benefit to the members who are going to retire in six months.

The board has also suggested that the participants who have deposited the amount in the scheme for more than 34 years should be given proportionate pension benefits. As a result, when the retirement benefit is fixed, the retirees will get a higher pension.

According to the statement, the board has recommended that it is possible to determine the value of equitable transfer whenever exemption from EPS-95 is granted or cancelled. It has an exchange-traded fund (ETF) unit investment policy that has been approved. The board also gave its approval for transactions of ETF units purchased in 2018 to capture capital gains.

The documents authorized to submit this audit report to Parliament include audited annual accounts for the financial year 2020-21 as per the Employees’ Deposit Link Insurance (EDLI) Scheme 1976, EPS Scheme 1995 and EPF Scheme 1952.

The post EPFO New Rules: Good news for EPFO ​​pensioners, can withdraw money even before retirement, check details first appeared on Rightsofemployees.com.

EPFO gave information through tweet

EPFO said in a tweet- EPS’95 pensioners can now submit life certificate at any time. The validity of this life certificate will be for 1 year from the date of submission. Employees’ Provident Fund Organization (EPFO) has provided various options and facilities for EPS pensioners to submit their Digital Life Certificate (DLC) through online medium near or at their doorstep. Explain that the life certificate submitted by all these means is equally valid and will be recognized everywhere. EPS 95 has been implemented with effect from November 19, 1995.

Submit digital life certificate like this Apart from EPFO’s 135 regional offices and 117 district offices, EPS pensioners can now deposit DLC at Pension Disbursement Bank branch and nearest post offices. DLC can also be deposited at the nationwide network of over 3.65 lakh Common Service Centers (CSCs). Apart from this, EPS pensioners will also be able to deposit DLC through Umang app.

India Post Payments Bank (IPPB) has launched Doorstep Digital Life Certificate (DLC) service for pensioners. EPS pensioners can now submit online request for availing DLC ​​service at home on payment of nominal fee. A postman from the nearest post office will visit the pensioner and complete the process of making DLC ​​at the pensioner’s home. Due to this, now the pensioner’s work will become even easier than before.

Know these important things Life certificate will be valid for one year from the date of submission of DLC. Pensioners who have been issued Pension Payment Order (PPO) in 2020 need not upload JPP till completion of one year. Earlier, all EPS pensioners were required to submit DLC in the month of November. As a result, pensioners faced hardships due to long queues and rush to submit digital life certificates.

According to a statement by the Union Ministry of Labor and Employment, EPS 1995 is a defined contribution-defined benefit social security scheme. The corpus of the Employees’ Pension Fund is made up of 8.33 per cent contribution by the employer of the salary and the contribution by the Central Government at the rate of 1.16 per cent of the salary through budgetary support at the rate of Rs. 15,000/- per month. All benefits under the scheme are paid out of such accumulations. Funds are valued annually as mandated under paragraph 32 of EPS.

The post EPFO pensioners will now be able to submit their life certificate anytime throughout the year, know how first appeared on Rightsofemployees.com.