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• Understand why Aadhaar, PAN, mobile number are included in KYC.

Suchanaji News, Raipur.   In today's era, the utility of KYC has increased. KYC has been made mandatory everywhere. Whether it is ration card renewal or some process in your bank account. The process cannot be completed without KYC everywhere. After all , what is the purpose of KYC ?

What is its utility? Why has it been made compulsory? Know important things. Also, why has EPFO ​​put more emphasis on this.

The purpose of KYC is to make every member different from the other member. No one can do any kind of penetration or breaking in, checking or searching in it. Therefore, EPFO ​​links it to the Aadhar card of the said employee, so that his complete privacy is maintained.

The privacy of an employee or member is his personal right, so that no one can interfere in it, in addition to Aadhaar card, your PAN card and mobile number have also been linked. PAN has been linked because in some cases, there is a deduction on payment of income tax , so if PAN is available, the deduction is made at a lower rate or it does not happen at all, depending on the conditions.

Mobile is linked so that you keep getting messages regarding your credit. If your claim is rejected or returned, you also get a message for that. Also, you can get OTP on your mobile through which you will be able to access your account. No one other than you will be able to access it or enter into your privacy.