On December 4th, 2024, the Ministry of Labour and Employment, Government of India, issued an important notification for employers of establishments covered under the Employees’ Provident Fund Organisation (EPFO).
The notification concerns the activation of Universal Account Number (UAN) and seeding of Aadhaar with bank accounts, specifically for employees who wish to avail benefits under the Employees’ Liability Insurance (ELI) Scheme.
The notification announces an extension of the deadline for UAN activation and the seeding of Aadhaar numbers with employees’ bank accounts. Originally set for November 30th, 2024, the new deadline for completing these processes has been extended to December 15th, 2024.
Key Points of the EPFO Circular:
- Extension of Timeline: The competent authority has granted a 15-day extension from the previous deadline of November 30th, 2024 to December 15th, 2024, for employers to ensure that UANs are activated and Aadhaar numbers are seeded with employees’ bank accounts.
- Purpose: This extension allows more time for employers to comply with the requirements of linking employees’ bank accounts with Aadhaar in order to facilitate smooth availing of benefits under the ELI Scheme.
This extension is a critical step to ensure that all employees are eligible to receive their rightful benefits under the scheme, promoting efficiency and ease in the disbursement of benefits. Employers are encouraged to complete these processes within the extended timeframe to avoid any delays or issues for their employees.
