The ‘face recognition facility’ is meant to aid aged pensioners who face difficulties in getting their bio-metrics (Finger print and Iris) captured due to old age for filing the life certificate.
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Pensioners alert: There is a good news for over 73 lakh of pensioners across the country. Employees’ Provident Fund Organisation (EPFO) has introduced a new facility for pensioners to submit their digital life certificate via a ‘face recognition facility’. With the new facility, pensioners can now easily submit their digital life certificate on the retirement fund body portal from anywhere in the country
What is EPFO’s ‘face recognition facility’ for pensioners
All pensioners registered Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension.
The ‘face recognition facility’ is meant to aid aged pensioners who face difficulties in getting their bio-metrics (Finger print and Iris) captured due to old age for filing the life certificate.
Union Minister of Labour and Employment Bhupender Yadav launched the face authentication technology for pensioners on Saturday.
Digital life certificates introduced from year 2015-16 allow beneficiaries to use their Aadhaar card number to obtain the certificate after biometric verification.
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EPFO avoids proposal to hike equity investment limit to 20%
In the revised agenda of the 231st CBT meeting, the proposal to increase investment in equity or related schemes was withdrawn. Currently, EPFO can invest 5 to 15 per cent of the investible deposits in equity or equity-related schemes.
