EPFO orders the employers to direct their employees to activate UAN and seed bank account with Aadhar for availing benefits under Employees Linked Incentive Scheme (“ELI-Scheme”)

The EPFO vide Notification No. ELI/UANActivation/2024 dated November 22, 2024, in the light of directions received form Ministry of Labour and Employment, has directed employers to ensure that all the eligible employees should activate their Universal Account Number (“UAN”) and Aadhar seeded in their bank account to take benefit of ELI-Scheme which was announced in the Union budget 2024-25.