The Indian Staffing Federation says that the selection process of more than 1,000 candidates has stopped in just two days due to the change in the rules of face authentication technology (FAT). This has not only affected payroll, as well as difficulties are facing PF contribution and other rules. According to ISF, a large number of temporary workers are taken in staffing companies. Here their joining and exit continues.

Now it is necessary for every employee to update KYC, for which FAT has been made mandatory. Now the problem is that many employees do not have a smartphone or internet facility, which is taking time to generate UAN and it is directly impacting salary and PF contribution.

Especially in MSMES and high -turnover sectors, these problems are coming, where face recognition is failing due to server down or the quality of the camera or network. This is delayed in becoming UAN. Now EPFO has set a deadline for Aadhaar linking and FAT till 30 June 2025. Not complying with the rules on time can lead to penalty, PF can stop contribution. This will affect both the employee and the employer. ISF has given some suggestions to deal with these things.

ISF gave some suggestions

ISF says that the deadline should be increased for digital onboarding and fat awareness so that employees get some more time to understand about EPFO, UAN and UMANG apps. FAT registration with proper support and communication should be made easier. Also, for the first time, employers should be allowed to make UAN from the portal so that PF registration is not delayed.

What is UAN?

Universal account number is issued by EPFO, which is called UAN in colloquial language. The UAN acts as a umbrella identity for several members IDs given to a person from different employees. The Universal Account Number (UAN) is a 12-design number, which is given to every employee who has opened the account under the Employees Provident Fund Organization (EPFO). Even after changing the employee’s job, the UAN number remains the same.

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Employees Provident Fund is a popular retirement saving scheme for employees. It contributes to the employee and employer (the person or institution who hits a person and gives them salary or wages). Every month, some amount is cut off from your salary and accumulates in this fund, and interest is also available on it. After retirement, they have a support for employees, which they use according to their needs. The special thing about EPF is that at the time of retirement, one gets a lump sum and if the employee dies, then the person who has made a nominee in it gets the full amount. Let us tell you why it is necessary to get e-nomination in EPF and what is the benefit from it?

Why e-nomination is necessary?

If you get e-nomination in EPF, then it is very easy to take advantage of all the facilities related to EPF. If there is any kind of accident with you and you die in it, then your PF and pension money gets directly to the nominee. At the same time, online helps immediately through easy claim without any trouble or office. The nominee, who takes the benefit of pension, does not need to show repeated certificates to get pension. The person you have made a nominee, is given the benefit of all facilities safely and without any hassle. If you want that the person you have nominated in the future has no problem, then it is very important for you to take e-nomination in EPF. For this, you can register by visiting the website of labourministry.

How to do e-nominations through EPFO ​​portal?

To enroll, you have to go to the EPFO ​​Member E-Siwa portal. From there you have to login with UAN and password. After this, go to the ‘Manage’ tab for e-nomination and click on ‘E-Nomination’. Go to ‘Enter New Nomination’ and give family information. Choose Yes/NO from here. After this, upload and save the information of the nominee, photo. Enter the share percentage and save EPF nomination. E-sign by going to ‘Pending Nomination’. In the last you have to confirm with OTP by entering Aadhaar virtual ID. You can add more than one nominee to it and how much their share will be different can also be separated.

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Think what you will do if you suddenly need five lakh rupees. Let us tell you that you can withdraw this amount from your PF account in a few clicks, then you may not be sure, but the Employees Provident Fund Organization (EPFO) has made it easy. Giving great relief to 7.5 crore members of the country on behalf of EPFO, the auto settlement limit of PF withdrawal has been increased to Rs five lakh.

Earlier, the auto settlement limit of PF withdrawal was only one lakh rupees, which has now been increased. With this, EPFO ​​has reduced the claim settlement from 10 days to 3 to 4 days. That is, within three to four days of claim, this money will be transferred to your account.

Auto claim will be able to do marriage, studies and buying homes

EPFO has given another major relief to its members. Earlier, the auto claim which was available only for disease or hospital expenses, now you will be able to claim auto from your PF account to buy marriage, study and home. It has been told by the EPFO ​​that the PF claim rejector rate has also declined, earlier the claim which used to be 50 percent rejected has come down to 30 percent.

5 lakh rupees will come out without documents

Let me tell you, there is an automated software system in the Auto Settlement of Advance Claim Provident Fund. Under this, you can claim settlement without manual examination. Earlier its limit was one lakh rupees, which has now become five lakh rupees. That is, if you are verified with KYC EPFO, then you can transfer money from PF account to your account in 3 to 5 days. You will not need any document for this.

PF money can also be withdrawn from UPI and ATM

The EPFO ​​members of the country are going to get another big facility soon. Now you will be able to withdraw money from your PF account from UPI or ATM and get information about balance. Its limit is up to one lakh rupees. This facility may begin in the last or early June.

Auto claim can be removed like this

To withdraw money from PF account, first you have to go to the official website of EPFO ​​https://www.epfindia.gov.in. Here you will be asked for your UAN number and password. After logging in, you have to verify your account and click on Proceed for Online Claim. Here you have to select the advance form 19 and fill the full details. After this, you have to verify your account number and submit the form later. After the process is completed, money will come to your account in a few days.

Also read: You can know your PF account balance even without UAN number, know easy way