Aadhaar not needed for pension withdrawals for now: EPFO

Image
Press Trust of India New Delhi
Last Updated : Mar 01 2017 | 9:07 PM IST
Retirement fund manager EPFO today said Aadhaar will not be required for withdrawal benefits under the Employees' Pension Scheme for now, but furnishing the 12 digit unique number is mandatory in case of final settlement of pension.
"It is reiterated that the requirement of submitting Aadhaar is not insisted for the time being only in withdrawal benefit (10 C) cases under Employees' Pension Scheme, 1995. Furnishing of Aadhaar is still mandatory for final settlement of pension (10 D) and scheme certificate cases," the EPFO said in statement.
According to the statement, the EPFO had extended the date of submission of Aadhaar Number authentication by the members of Employees' Pension Scheme, 1995 up to March 31, 2017, vide circular dated February 15, 2017.
Accordingly, the EPFO issued a circular dated February 28, 2017 directing that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension (10D claims) and not in withdrawl cases (Form 10C), it said.
However, certain reports appearing in few dailies suggest that Aadhaar is not required in settlement of pension claims, the statement said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Mar 01 2017 | 9:07 PM IST

Next Story