EPFO plans launching Face Authentication to pension holders for submitting Digital Life Certificate

EPFO
0 0
Read Time:1 Minute, 49 Second

The Retirement fund body EPFO introduces  a facility allowing over 73 lakh pensioners submitting their digital life certificate using face authentication technology. This face recognition authentication aids the aged pensioners facing difficulties while getting their biometrics  captured due to old age in case of filing the life certificate.

Union Minister of Labour and Employment  also chairing in  EPFO’s apex decision making body the Central Board of TrusteesBhupender Yadav, is credited for launching the face authentication technology for pensioners.

The  CBT in its 231st meeting approves centralized disbursal of pensions  improving the EPFO services for pensioners. 

The rolling out of stages and modalities are going to get evolved further by providing a pension and employees deposit linked insurance scheme calculator with online facility to pensioner and family members. 

It is quite beneficial to calculate the Pension and Death Linked Insurance under their eligibility criteria. 

The minister also releases the training policy of EPF aiming at the development of the officers and staff of EPFO into a competent, which is quite responsive and future-ready cadre commiting the fulfillment of  the vision and mission of EPF as a world class social security provider.

Under the training policy, 14,000 personnel are going to get training  annually for 8 days and its total budget will be 3 percent of the salary budget.

The minister also released the Legal Framework Document objectifying a transformation of EPFO into an efficient and responsible Litigant ensuring the conduct of litigation in a coordinated and time bound manner.

Laying a foundation  stone of Regional Office building in virtual mode, by K Raghupathi Bhat, MLA Udupi Assembly conducts the Bhoomi Poojan.

The CBT also approved appointment of CITI Bank only as Custodian of securities of EPFO for three years because of the proposal for the extension of the tenure of present custodian Standard Chartered Bank until the new custodian takes over.

The  manufacturer of SBI MF and UTI MF was also ratified due to the proposal for the extension of Tenure of the ETF.

Also Read:- FRESH ORDER RELEASED BY RBI ON NON WITHDRAWAL OF CASH EXCEEDING RS15000

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Delhi Municipal Corporation Previous post Delhi Municipal Corporation instructs School Teachers to follow a Monthly Plan
Blogger Neo - Franchise Management Software Next post How To Choose The Best Franchise Management Software

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *

Social profiles
Close