EPFO Launches New Facility For Pensioners To Submit Digital Life Certificates. (Check Details Here)

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This is a good thing for the more than 73 lakh pensioners across the country.

The retirement fund body EPFO has on Saturday announced an option to allow pensioners to upload their digital life certificates.

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With the brand new “face recognition feature pensioners are now able to effortlessly upload their digital life certificates through EPFO’s portal.

EPFO portal from any location in the country.

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Here’s everything you need to know about the EPFO “face recognition facility” available to pensioners

1.) EPFO ‘face recognition facility’ will aid aged pensioners who have difficulty having their biometrics (Finger print and Iris) taken due to their age to file their life certificate.

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2.) the Union Minister of Labour and Employment Bhupender Yadav has launched the face authentication system for pensioners, according to in a statement by the labour ministry.

3.) The CBT in its 231st session approved in principle centralized disbursal of pensions to further improve EPFO services. EPFO benefits for retirees.

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4.) All pensioners who are part of the employees’ Pension Scheme 1995 (EPS’95) must provide Jeevan Pramaan Patra (JPP) (JPP) or Digital Life certification (DLC) each year in order to continue receiving pension.

5.) Life certificates that are digital, which were introduced in 2015-16, permit pensioners to utilize the Aadhaar ID number get the certificate following biometric verification.

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EPFO is adamant about avoiding a proposal to increase the capital investment limits for equity to 20 percent

In accordance with the agenda for the 231st CBT meeting, the idea to increase equity investment or related schemes was dropped.

Presently, EPFO can invest between 5 and 15 percent of deposit funds that are investable in equity-related or equity-related schemes.

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The idea of revising the maximum limit of 20% has been reviewed and was approved through members of the EPFO consultative organization Finance Audit and Investment Committee (FAIC).

The recommendations from FAIC is to be considered by CBT, the EPFO the apex decision-making body CBT to be considered and approved.

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