Retirement fund body Employees' Provident Fund Organisation will accept online its subscribers' Aadhaar card as valid proof to rectify their date of birth and ensure that their PF accounts are KYC compliant, the labour ministry said on Sunday.
EPFO has allowed its subscribers to withdraw three months basic pay and dearness allowance as non-refundable advance to mitigate any economic pain caused by the coronavirus pandemic. But the facility was available to only those who were compliant with Know Your Customer norms.
"In a move to extend the availability and reach of online services in the wake of the COVID-19 pandemic, the EPFO has issued revised instructions to its field offices to facilitate members to rectify their date of birth in EPFO records, thus ensuring that their UAN (Universal Account Number) is KYC compliant," a ministry statement said.
According to the statement, the date of birth recorded in the Aadhaar card will now be accepted as valid proof of date of birth for the purpose of rectification, provided that the difference in the two dates is less than three years.
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EPFO subscribers can submit their correction requests online. This will allow the retirement fund body to validate the birth date of members online with Unique Identification Authority of India instantaneously, thus reducing the time taken to process such requests.
The EPFO has instructed field offices to expedite disposal of online requests, enabling PF members in financial distress, to apply online for availing non-refundable advance from their provident fund accumulations to tide over Covid-19 pandemic.
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