EPFO, the employee provident fund organisation has been making plans to help all EPF subscribers in handling their provident fund account and this is the main reason that EPFO clearly asked every person who is member of provident fund and who contributes to provident fund that they link their Aadhaar cards to EPF account number as soon as possible.
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Link Aadhaar number to EPF account number

By linking Aadhaar number to EPF account number all provident fund members can avail or get benefits of EPFO plans. This also includes money from investments that EPF officials make in ETF or exchange traded funds.

EPFO latest news

Recently EPFO authorities stated that they are planning to make credit share of ETF investments to all EPF members soon; and for this proposal is also being made so that there is no problem at the end and every single thing goes in smooth manner.

CBT meeting

CBT or Central Board of Trustee will have a meeting with officers of EPFO to decide on what step is to be taken. Therefore final decision on how and when will credit of ETF investments happen in accounts of Employees Provident Fund Organisation members will happen only in November of 2017.

Investment of EPFO

EPFO as some of you know is a provident fund organisation which deals with retirement fund of employees. Moreover it is now compulsory for every company to enrol its employees in Employees Provident Fund Organisation if they fall in category of EPF.
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On other hand EPFO also takes responsibilities to investment money from EPFO for higher returns and the same is the case for ETFs or exchange traded funds.

It is so because EPF organisation has been investing in ETF and that is the reason as to why it plans to credit accounts of provident fund members or provident fund subscribers with returns from exchange – traded funds.

Also learn more about EPF withdrawal scheme as it tells you how to withdraw money from your EPF account.

Redeem or get money during withdrawal

In case you wish to get or receive these benefits of EPFO – ETF investments right now then it cannot happen because you can receive ETF investments benefits only when you are going to withdraw money from your provident fund account.

Final decision on crediting ETF investments

Final decision on crediting ETF investments will happen in November meeting when all heads related to employees provident fund organisation come together and discuss all points about this. Moreover in this way things will be clear even for the officials and only then will they be able to take final decision.

Start of ETF investments

EPFO started investing in ETF in August only but it was in the year 2015. Though back in 2015 the investment percentage was very less, however with time authorities raised this investment after carefully considering returns on exchange traded investments.

Firstly ETF investment started at 5 % and has now increased to 15 % (this 15 % ETF investment is in current fiscal). Another important point to make a note of is that all these investments of EPF are part of investible deposits in stock linked products only.

Authorities also check all things before finally agreeing to invest in any product. On other hand you would have to wait for some more time before you know final decision of EPFO while till then you link your Aadhaar card with EPF.

If you do not know how to link Aadhaar card with provident fund account then you can learn here only about complete process to link Aadhaar and EPF account and your UAN number.