Big consecuences for non linking.
New Delhi: Employees Provident Fund Organization s new rules on Aadhaar and PF linking are kicking in from today June 1,2021. If PF account holders fail to adhere to the rule, then they may face major affect on their EPF contribution.
Linking of PF account with Aadhaar
According to the new EPFO rule, every account holder should have his or her PF account linked to the Aadhaar Card. It will be the responsibility of the employer to ask the employees to verify their PF account. If by June 1, the employees fail to do so, then they may suffer several losses one such being that the employer contribution to the PF account may also be stopped. A notification in this regard has also been released by EPFO.
New rule for PF account holders from June 1: Do THIS or face huge financial loss - Employees' Provident Fund Organization (EPFO) has made some changes in the rules for its PF account holders, which will be applicable from June 1.