Aadhaar Mandatory For Pensioners. PF deposit allowed in any Bank

AADHAAR MANDATORY FOR PENSIONERS

The Employees’ Provident Fund Organisation has made it mandatory for its about 50 lakh pensioners and around 4 crore subscribers to provide either Aadhaar or a proof that they have applied for it till January 31 to remain the beneficiary of its social security schemes.  Official Gazette is give below:

PROVIDENT FUND CONTRIBUTIONS CAN BE DEPOSITED IN ANY OF THE PRIVATE SECTOR BANKS

The Government of India has amended paragraph 38 of the Employees’ Provident Fund Scheme stating the ‘Mode of Payment of Contribution’.  Prior to June 2016 this paragraph was amended whereby in addition to State Bank of India other nationalised banks were included.

NOW by a Gazette of India Notification No. G.S.R.6(E) dated 4th January, 2017, paragraphs 38 and 48 of Employees’ Provident Fund Scheme have provided for remittances through All Scheduled Banks in India including Banks in Private Sector.

Official Gazette is give below: