Do you know that the Employee Provident Fund Organization (EPFO) has increased the minimum assurance (life insurance) benefits under its Employee Deposit Linked Insurance (EDLI)? Now, the assurance benefits for the eligible employee will stand at a minimum of Rs. 2.5 lakhs and maximum of Rs. 7 lakhs. So this could be a good time…
The Unique Identification Authority of India, under the Aadhaar Act and Regulations, 2016 has made it compulsory for the centralized storage (collected by AUAs/KUAs/ Sub-AUAs/ or any other agency) of all the Aadhaar number in a different repository which is known an as ‘Aadhaar Data Vault’. The Aadhaar Act 2016 states an Aadhaar Number which…
The Unique Identification Authority of India issues a 12-digit unique Aadhaar Number to all the individuals for availing various government schemes such as LPG subsidies, Pradhan Mantri Yojna and many more. The Aadhaar is also considered as one of the most important documents for the proof of identification and the proof of residence for all…
The Supreme Court delivered its judgement in favour of the constitutional validity of Aadhaar. It has touched various aspects of the Aadhaar Act and has clarified whether Aadhaar is mandatory for a specific process or not. As per the interpretation by experts, Aadhaar is not mandatory for EPF. Thus, you don’t have to link your…
Considering the fact that many of the PF members in need were unable to withdraw their balance because of being unable to produce valid papers, the EPFO has now said it will accept subscribers’ Aadhaar cards as a valid birth proof for rectifying their date of birth. This will ultimately ensure that the subscriber’s account…
The State Bank of India (SBI) relaunched the facility of Aadhaar-based savings account opening digitally on Friday. This facility is available for those customers who want to open their online account through ‘YONO’- lender’s integrated and lifestyle platform. In order to provide the customers with paperless, hassle-free, and digital banking experience, State Bank of India will…
