EPF employees notified to seed KYC
Source: The Sangai Express
Imphal, December 14 2018:
Assistant PF Commissioner, Officer in Charge, Special State Office, Imphal has informed that it has intimated all concerned employers to complete the seeding of KYC (Aadhaar, Bank Account, Mobile No) in respect of their respective employees (working in establishments under EPFO, Ministry Labour & Employment, GOI) within December, 2018.In order to achieve the target of seeding the KYCs by the end of December, 2018, the Central Provident Fund Commissioner has issued strict instructions to all stakeholders to inform all the covered establishments under the EPF & MP Act 1952.All covered establishments and the subscribing employees have to ensure seeding of KYCs to have easy 24x7 access to EPF respective saving details, to receive SMS alerts regarding deposits & withdrawals of EPF, to avail hassle free and time-bound claim settlement and to facilitate submission of online claims and settle within minimum number of days, said the statement.