NEW DELHI: India Post Payments Bank (IPPB) has signed a memorandum of understanding (MoU) with Employees' Provident Fund Organisation (EPFO), to provide doorstep Digital Life Certificate (DLC) services to its pensioners under the Employees' Pension Scheme, 1995, an official statement said on Monday.
Under this collaboration, IPPB -- a 100 per cent government-owned entity under the Department of Posts -- will leverage its wide network of over 1.65 lakh post offices and more than 3 lakh postal service providers (postmen and Gramin Dak Sevaks).
They are equipped with doorstep banking devices and 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, according to the Ministry of Communications.