Aadhaar details not mandatory for PF transactions: Govt

Image
Press Trust of India New Delhi
Last Updated : Dec 08 2014 | 4:35 PM IST
Submission of Aadhaar card details by subscribers is not mandatory for any provident fund transaction, Parliament was informed today.
"No Madam," Labour Minister Bandaru Dattatreya said in written reply to Lok Sabha on a query whether the Employees' Provident Fund Organisation has made it mandatory to submit Aadhaar Card details of employees for any PF transition.
The minister said that Aadhaar card is issued to resident of India. The Unique Identification Authority of India (UIDAI) has adopted multi-registrar model for enrolments.
Under the model, various non-government agencies such as banks, which, in the normal course of implementations of their operations interact with residents, are appointed as Registrar to enrol the residents.
The registrar enrols residents by deploying enrolment agencies. UIDAI has generated over 71 crore Aadhaar numbers so far.
Retirement fund body EPFO has recently decided to become a registrar of the UIDAI to facilitate enrolment of its subscribers who don't have Aadhaar numbers.
EPFO wants to seed over 4.2 crore portable Universal PF Account Numbers issued by it, with the Aadhaar number of subscribers.
Certain facilities like online settlement of PF withdrawal claims can be provided to all those members whose PF accounts are seeded with Aadhaar number as biometric details would help to facilitate the big financial transactions.
Meanwhile, the minister informed the House that the government has introduced a digital life certificate scheme for retired employees and has also launched a fund portability scheme recently.
The facility provides an option to pensioners to give life certificate remotely through the Jeevan Praman Portal. Aadhaar number is used for authentication of pensioners. Pensioners are not required to present themselves before the pension disbursing agency or produce other documents that his alive.
He also informed the House that at present 22.5 lakh persons have activated their universal PF account numbers (UANs) which will remain portable throughout the life of a subscribers.
The maximum number of 4.27 lakh UANs have been activated in Maharashtra followed by Karnataka (3.22 lakh) and Tamil Nadu (2.72 lakh).
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2014 | 4:35 PM IST

Next Story