EPFO Circular on UAN Activation and AADHAAR Seeding for ELI Scheme 2024-25
On November 22, 2024, the Employees’ Provident Fund Organisation (EPFO) issued a notification urging employers to ensure UAN activation and AADHAAR seeding in bank accounts of employees. This step is essential for employees to avail benefits under the Employment Linked Incentive (ELI) Scheme announced in the Union Budget 2024-25.
Key highlights:
- Mandatory UAN Activation: Employees must activate their Universal Account Number (UAN).
- AADHAAR Seeding Requirement: AADHAAR-linked bank accounts are mandatory to access scheme benefits.
- Purpose: The initiative aims to provide seamless access to incentives under the ELI scheme for eligible employees.
Employers are advised to facilitate these requirements promptly.
For further details, visit the official EPFO website.
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