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Big Change Under PF Scheme: Individuals Can Open Accounts Before Securing Jobs
November 30, 2017
In what’s to be good news for individuals who are seeking jobs, they can now open a Universal Account Number, which is the basic requirement for availing Provident Fund (PF) benefits, through Aadhaar-linking even before they get a job.
Here, the idea is to promote the concept of long-term savings among the youth as well as make it easier for the employers to provide PF benefits to their employees.
Central provident fund commissioner VP Joy said that a system that could provide Aadhaar-linked UAN to jobseekers has already started.