Pensioners, employees must complete these tasks in November to avoid great loss

EPFO has made it mandatory to link the Aadhaar number of employees to the Universal Account Number (UAN). If the PF account is not linked to Aadhaar, then the contribution of the employee will not be deposited in his PF.

Pensioners, employees must complete these tasks in November to avoid great loss
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New Delhi: There is important news for pensioners and employees. They will have to complete two essential tasks by November 30. 


This will help them avail the benefits of insurance cover of 7 lakhs on the provident fund (PF). Along with this, if they want home loans, an offer is also ending on November 30.


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Uan-aadhaar link


EPFO has made it mandatory to link the Aadhaar number of employees to the Universal Account Number (UAN). If the PF account is not linked to Aadhaar, then the contribution of the employee will not be deposited in his PF.


At the same time, the person will not be able to withdraw money from his PF account. Also, the employee's PF will be deducted but the employer's contribution will not be registered. The employee's insurance cover will also come to an end.


The amount of insurance cover given under EDLI, 1976 has been increased to Rs 7 lakh. Not only this, the minimum amount of insurance cover has been increased to Rs 2.5 lakh. Prior to this, the amount was Rs 2 lakh and a maximum of Rs 6 lakh. This insurance cover meets if the account holder will die.


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Life Certificate obligation


Similarly, millions of pensioners across the country have to give their LIFE certificate till November 30. Pension will stop by giving not their certificate. However, the government has now launched E Praman system for their convenience. Life certificate is deposited only by sitting in her house. Pensioner has to deposit LIFE certificate in the bank, post office or financial institution every year, where there is pension credit.


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Discount on home loan


LIC Housing Finance has started 6.66 per cent interest on home loans. This offer was on the loan up to Rs 2 crore. This interest is available for the Cibil SCORE of 700 or more. But the date of this offer is ending on November 30, 2021.

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