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Expansion
Employees’ Provident Fund Organization (EPFO) has started the facility of submission of Digital Life Certificate. Under this, more than 73 lakh pensioners of EPFO will be able to submit life certificate through face authentication from anywhere. This will be the most convenience to those elderly pensioners who face difficulty in biometric (finger print and iris) verification due to age. Facility introduced. Earlier, the CBT in its 231st meeting gave in-principle approval for centralized distribution of pension to further improve EPFO services for pensioners.
Launch of Pension and Employee Deposit Linked Insurance Scheme Calculator
Labor and Employment Minister Bhupendra Yadav also launched Pension and Employee Deposit Linked Insurance Scheme calculator which provides online facility to pensioners and family members to calculate the benefits of pension and death linked insurance benefits for which they are eligible. Huh. The Minister also released the Training Policy of EPFO which aims to develop the officers and employees of EPFO into a competent, responsible and future ready cadre, fulfilling the vision and mission of EPFO as world class social security. Committed to. Under the training policy, every year 14 thousand employees will be given training for eight days and for this, three percent of the salary budget will be kept.
Know what is Face Authentication Technology
This facility will help in verification of people whose biometric authentication is facing problems due to fingerprint issues, old age or hard work. Under this, UIDAI has launched the FaceRD app to verify the identity of Aadhaar users. This app easily verifies your identity by capturing your face using face authentication technology.
CBT appointed Citibank
The CBT also approved the appointment of Citibank as the custodian of securities of EPFO for a period of three years. A proposal to extend the tenure of the existing custodian Standard Chartered Bank till a new custodian takes over was also approved.