The decision to relax this condition of providing UAN for claim settlement was taken after considering difficulties being faced by those members who were not alloted UAN
The EPFO has proposed an increase of service charges to Rs 75 and Rs 25 per month respectively for managing EPF and EDLI schemes for non-functional establishments having no contributory members.
Retirement fund body EPFO may announce higher interest rate on provident fund deposits for its over five crore subscribers in the current fiscal than 8.5 per cent that was provided in 2012-13.
Employees' Provident Fund Organisation (EPFO) has got very encouraging results from the online testing of the service and will be able to launch the service during the last week of this month, a source privy to the development said.
The advisory panel of retirement fund body EPFO has recommended a lower rate of interest of 8.25 percent for the current fiscal, a move that will affect over 4.7 crore subscribers.