After the Supreme Court verdict on UIDAI’s (Unique Identification Authority of India) Aadhaar, many are still confused regarding the use of Aadhaar for availing various financial services. One such area of confusion is the use of Aadhaar for availing loans such as personal loans. In the following sections, we will discuss the truth regarding loan…
Employees’ Provident Fund Organisation (EPFO) manages and maintains the provident fund account of all subscribers. It has made a few changes recently and has tweaked some of its processes to make it more user-friendly and less time consuming. Earlier, EPF was one of the most complex schemes which is being modified and revamped by the…
Aadhaar is the biggest biometric identity proofing system of the world. Issued and managed by Unique Identification Authority of India (UIDAI), Aadhaar has been made mandatory for availing government subsidies and verifying other documents and instruments. UIDAI has dynamically made improvements in Aadhaar to make it full-proof and safe from hacking and phishing. It has…
EPF is managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Fund and Misc. Provisions Act, 1952. The EPFO, which was riddled with complex rules and procedures, has worked for simplification of the process by making its services available online. The employee can log in through the UAN Member e-Sewa Portal and…
Employees’ Provident Fund Organisation (EPFO) manages three important retirement schemes for employees – Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS) and Employees’ Deposit-Linked Insurance Scheme (EDLI). Once a member of EPFO retires at the age of 58 years, he receives a lump sum of EPF corpus. If employed for at least 10 years, he…
