All formal sector workers earning monthly salary below Rs 15,000 will now have to link their provident fund (PF) accounts, managed by the Employees’ Provident Fund Organisation (EPFO), with their Aadhaar numbers.
The EPFO operates three schemes — Employees’ Provident Fund Scheme 1952, Employees’ Pension Scheme (EPS) 1995, and Employees’ Deposit Linked Insurance Scheme, 1976 — towards which both employees and employers contribute.
While upholding the constitutional validity of Aadhaar on Wednesday, the court restricted its use to government welfare schemes funded by the Consolidated Fund of India.
A government official said subscribers availing benefits of EPS will have to