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Firms will not be able to transfer their share of provident fund deposits to their employees from June 1 onwards unless employees have their Aadhaar — the 12-digit biometric ID — linked to their provident fund accounts, according to new rules of the Employees’ Provident Fund Organisation (EPFO), the state-run retirement fund manager.
www.hindustantimes.com
Employees face Aadhaar barrier for cos’ PF share
The rule came into effect on June 1 under Section 142 of the Code on Social Security, 2020.