India Post Payments Bank (IPPB), a 100 per cent Government of India-owned entity under the Department of Posts, Ministry of Communications, has signed Memorandum of Understanding (MoU) with Employees’ Provident Fund Organisation (EPFO), Ministry of Labour and Employment, Government of India, to provide doorstep Digital Life Certificate (DLC) services to its pensioners under the Employees’ Pension Scheme, 1995 (EPS’95).
The MoU was exchanged between R Viswesvaran, MD & CEO, IPPB and Ramesh Krishnamurthi, Central Provident Fund Commissioner (CPFC), EPFO, during the 73rd Foundation Day of EPFO.
The event was graced by Dr. Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports, as Chief Guest.
Ms. Vandana Gurnani, Secretary (Labour & Employment), Members of the Central Board of Trustees (CBT), senior officers from MoLE, EPFO and IPPB officials and other dignitaries were also present at the event.
Under this collaboration, IPPB will leverage its wide network of over 1.65 lakh Post Offices and 3 lakh+ postal service providers (Postmen and Gramin Dak Sevaks) equipped with Doorstep Banking devices,using of digital process of Face Authentication technology and Fingerprint biometric authentication, to assist EPFO pensioners in submitting their Digital Life Certificates conveniently from their homes, eliminating the need for them to visit bank branches or EPFO offices to submit traditional paper-based certificates.
EPFO will bear the cost of issuing Digital Life Certificate entirely, making the service free for their pensioners.