EPFO relaxes UAN rule for PF settlement with riders

Retirement fund body Employees Provident Fund Organisation ( EPFO) has relaxed the provision that requires furnishing of universal account number ( UAN) for the settlement of claims like provident fund ( PF) withdrawal for all those who left membership before January 1, 2014. The EPFO had made it a must to provide UAN on claims in December last year. " 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," an official said.

Business Standard New Delhi,15th July 2016

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RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

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