Aadhaar number is a 12-digit random number issued by the UIDAI (“Authority”) to the residents of India after satisfying the verification process laid down by the Authority.

According to the UIDAI website, “Use of Aadhaar as an identity document enables beneficiaries to get their entitlements directly in a convenient and seamless manner by obviating the need to produce multiple documents to prove one’s identity.”

According to the Ministry of Electronics & IT latest tweet, “The Aadhaar Card has ensured that the PF & pension are disbursed directly to the pensioner’s account & that beneficiaries continue to get their pension without the hassle of physically going to the bank and submitting their life certificate.”

According to the tweet, below are the benefits of Aadhaar for pensioners

Easy PF disbursement

The process of settling claims can be accelerated by linking your Employees’ Provident Fund (EPF) account with Aadhaar. There have been a number of actions taken in this direction by the Employees’ Provident Fund Organization (EPFO). You must mandatorily link your UAN with Aadhaar, according to the EPFO’s unified portal, if you want to submit an online EPF claim.

Timely option payout

Though it’s not mandatory, linking your Aadhaar to the Pension Account will make it easier for government officials to verify all your details. Your Aadhaar can be linked to the Pension Account either online or offline.

Quick digital life certificate

Each year, pension recipients must provide a life certificate to the pension disbursing authority in order to maintain their pension. However, the Aadhaar based Jeevan Praman service now makes it possible to submit a digital life certificate (DLC) online. This is a digital service for state or national government pensioners that is biometric enabled.

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By fintax360

We Fintax360 team simplify finances and taxes for millions of Indian businesses and people. We educate them about finances, taxes and improve their relationship with money.

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