Question: Under the new facility introduced recently by the Employees Provident Fund Organization, the subscribers of the Employees Provident Fund Organization will be able to associate how many their previous accounts with the Universal Account Number at one go?
(a) 5
(b) 7
(c) 8
(d) 10
Answer: (d)
Related Facts:
- On 7th December, 2017 Employee Provident Fund Organization introduced a new service facility for its more than 4.5 million members.
- Under this new facility, many provident fund registered accounts Will be allowed to link with existing Universal Account Number.
- Under this facility, the Contributor of the Employees’ Provident Fund Organization will be able to connect their last 10 accounts with the Universal Account Number at one go.
- This facility will be effective for availing the goal of one provident fund account for one employee.
Reference:
https://timesofindia.indiatimes.com/business/india-business/merge-10-old-epf-a/cs-at-one-go-with-epfos-new-service/articleshow/61951884.cms
https://navbharattimes.indiatimes.com/business/personal-finance/epfos-new-service-merge-multiple-provident-fund-accounts-at-one-go/articleshow/61965517.cms