EPFO: The Employees’ Provident Fund Organization (EPFO) has announced an important update about the activation of the Universal Account Number (UAN) for workers. It has been announced that the UAN activation deadline is being prolonged.
Deadline will be extended to December 15!
It has been announced that the deadline will be extended to December 15th. In truth, the cutoff for UAN activation concluded on November 30th. In this context, it appears that this deadline has been prolonged to December 15th following grievances from workers and business proprietors. It has been stated that the UAN of individuals who started their jobs in the current financial year ought to be active.
The deadline for activating UAN and linking Aadhaar to bank accounts has been pushed to December 15. It is essential to verify that the UAN of individuals who started working in the current financial year is active. ‘The management of the companies has been advised by the EPFO that the benefits of ELI schemes will only be accessible at that time.’ It has been made clear that the UAN activation must be finished promptly without delaying until the last moment.
Dear Employers,
The date of UAN activation and Aadhaar seeding of Bank Account has been extended till 15th December.
Ensure to do the same for all employees who have joined in the current financial year, starting with the latest joinees, to avail the benefit of the Employment… pic.twitter.com/u0Sob5Qujf— EPFO (@socialepfo) December 4, 2024
The central government revealed three ELI schemes in this year’s annual budget announcement. Under Scheme-A, it has been noted that individuals starting their jobs for the first time will be recognized through their EPFO accounts, and they will receive one month’s salary as a bonus. Up to Rs. Fifteen thousand will be disbursed in three payments.
Only individuals earning a maximum salary of Rs. Eligible are those earning 1 lakh monthly. Scheme-B offers motivations for both the employee and the company management to promote job creation in the manufacturing industry. For those joining the job for the first time, companies are provided with incentives to contribute to EPF in specified pay scales for the first four years.