EPFO has made many big changes to simplify the services related to Provident Fund. Now PF transfer has become easier with Form 13, UAN can be generated with face authentication and even without Aadhaar.
EPFO Update: The Employees’ Provident Fund Organization (EPFO) has made several important changes to make PF related services easier, transparent and digital. These new rules will directly benefit crores of EPF members and employers. Whether it is transferring PF, generating a new UAN or filing an online claim, now all this has become faster and easier than ever. EPFO has also removed the requirement of Aadhaar in some cases and has also included new technology like face authentication. Let us know about these big changes related to EPF in detail.
Now it is easy to transfer PF
EPFO has revamped Form 13, making it easier to transfer PF account after changing jobs. The new form will clearly show the taxable and non-taxable part of PF interest, which will bring transparency in tax calculation and tracking. This change will help employees track their money and avoid tax-related errors.
Now UAN will be created without Aadhaar and Face ID
Now in certain cases, employers can generate UAN for employees even without Aadhaar number. Also, EPFO has introduced face authentication facility in UMANG app through which UAN can be generated and activated instantly. This technology makes the process of activating UAN completely digital and easy, which will provide convenience to new and old employees.
Adding bank account also became easy
There is no need to upload a photo of the check book or passbook while filling the EPF claim form if your bank account is already linked to UAN and verified by NPCI. Also, the requirement of employer’s approval for linking a bank account has also been removed. This will process the claim quickly and the chances of the form being rejected will also be reduced.
