PF Account Holder यानी पीएफ खाता धारकों को कर्मचारी भविष्य निधि संगठन (EPFO) जल्द ही बड़ी खुशखबरी देने वाला है. कर्मचारियों के खाते में जल्द ही 40 हजार रुपये ट्रांसफर किए जा सकते हैं. अगर किसी भी पीएफ खाताधारक कर्मचारी के खाते में 5 लाख रुपये में जमा हैं, तो उसके खाते में जल्द ही ब्याज के 40… Read More »
The central board of the Employee Provident Fund Organisation (EPFO) may, at its upcoming meeting on July 8, explore the possibility of framing an universal pension scheme for those not yet covered by the retirement fund. A separate scheme that would provide PF and pension benefits for gig and platform workers is likely to be taken up at… Read More »
New Wage Code: In the new wage code, it has been said that the basic salary of the employee will not be less than 50 percent of his CTC. This will also affect the amount of EPF (Employees Provident Fund) of the employee. Bo formal announcement has been made by the central government about it so far. However,… Read More »
Among the most trustworthy schemes to invest in for salaried employees, the Employee Provident Fund (EPF) offers a number of benefits. EPF offers various schemes to account holders and one such scheme which does not even require you to pay any premium amount, assures life insurance benefits to the tune of Rs 7 lakh. This scheme from EPFO… Read More »
Employees’ Provident Fund Organisation (EPFO) is considering giving its subscribers an opportunity to decide on options for equity investment. Till now EPFO’s subscribers do not have this option and the orgnisation itself invests up to 15 percent through its fund managers in equity market. The interest of people in the PFRDA regulated National Pension Scheme is increasing rapidly… Read More »
In a good news for Provident Fund (PF) members, Employee Provident Fund Organization (EPFO) has settled more than 1 crore claims and disbursed Rs 35,000 crore. These claims include final PF settlements, death claims, partial withdrawal or advance including LIP and Covid-19, according to details provided by the Ministry of Labour and Employment. The amount has been disbursed… Read More »
Salaried representatives can pull out from their EPF account with specific conditions in extraordinary conditions whenever required. The Employees Provident Fund Organization (EPFO) permits this. Nonetheless, ordinarily, the worker has trouble pulling out from the record. One of the principal explanations behind this isn’t connecting your current financial balance with the PF account. Ordinarily, it happens that the… Read More »
Good news for EPF subscribers, as cover limit for wages to be raised from ₹ 15,000 to ₹21,000 The government is planning to increase the mandatory ceiling for Employees’ Provident Fund to ₹21,000. While the wage limit right now is ₹15,000. With this step taken by EPFO the annual Employees Pension Scheme (EPS) outflow will raise by 50%.… Read More »
EPF Name Change / DOB Correction / Father’s Name Correction Process We daily receive many queries on how to update or correct EPF UAN Name / DOB / Father’s Name or any other details online or offline. You might have forgotten your password or your phone number has changed, changed address or some issues with EPF UAN. So… Read More »
EPFO will be online, All Services will be a Click Away By August 2018 TO reduce the corruption and harassment of public EPFO is going to take a big step to stop the same. Employees Provident Fund Organisation is planning to go online according to directions of Digital India initiative of PMO and Government of India This step… Read More »
Now You can submit your EPF claim settlement online without intervention of employer and EPF employees. You should have a KYC verified UAN account and registered and active mobile number. Your UAN account must have your Bank account details to submit a PF claim online. With an overview to make EPF services more user friendly EPFO is making… Read More »
EPFO is Likely to Reduce Provident Fund Contributions to 10% Presently Employer and Employee contributes 12% of basic salary towards EPF (Employee provident Fund). This fund is invested in EPF (Employee provident Fund), EPS (Employee Pension Scheme) and EDLI (Employee Deposit Linked Insurance Scheme). Now the EPFO is planning to reduce the mandatory contribution towards EPF by 2%… Read More »
Withdraw PF in half time from 1st May 2017 Now On you can withdraw PF in half time as online claim facility is introduced by Retirement fund manager on 1st May 2017. Retirement fund manager has reduced the claim settlement period for different claims. EPF withdrawal, Insurance and pension claims are to be settled in 10 days in… Read More »
Declaration of Rate of Interest for the Employees’ Provident Fund Members’ Account for the year 2015-16. It is to intimate that the Ministry of Labour and Employment, Govt. of India, has conveyed the approval of the Central Government under Para 60{1) of Employees’ Provident Fund Scheme, 1952 to credit interest@ 8.80% for the year 2015-16 to the account… Read More »
Day by day, the EPF Withdrawal Rules are becoming very much restricted. The EPF organization has updated the withdrawal rule of EPF Balance which is, an employee can’t withdraw 100% corpus before retirement at any situation. Even if, you have resigned or are going through unemployment situation, then also, can’t withdraw 100% balance from the EPF account. The… Read More »
New Interest Rate of 8.95% The proposal of 8.95% interest rate on Provident Fund retirement savings was sent by the F&I Panel of the EPFO under its estimate for financial year 2015-16. Last year, the interest rate of 8.75% for 2014-15 was provided by EPFO. As per the latest proposal of interest rate increment, the Union Finance Ministry… Read More »
Bhavishya Nidhi Lok Adalat All Regional and sub Regional offices of EPFO, in Delhi conduct a “Bhavishya Nidhi Lok Adalat” service on 10th of every month for quick resolution. If 10th of any month is a holiday, the Lok Adalat will be conducted on the next working day. Various kinds of PF related issues or grievances of subscribers… Read More »
19th National Conference on E-governance awards EPFO Gold for IT initiatives for Universal Account Number programme. Union Labour Minister congratulates EPFO on getting Gold award. EPFO has got the Award for the “innovative use of technology in e-governance”. During the implementation of UAN programme more than six crore UAN have been allotted to EPF members. Nearly 2.25 crore… Read More »
As per the latest news updated by EPFO, the grace period of 5 days has been withdrawn from employers. Previously, the PF contributed amount was being deposited by the personnel of employers within a 15 day closing period of every month and also deposited within 5 days grace period. The grace period was meant for the extra time… Read More »
Here is a Provident Fund Account Number New Format in Correct Way: XX/XXX/1234567/7654321 XX – Represents State in which our concerned EPF Office is located XXX – Represents Region of the State 1234567 – Establishment Code XX1 – Extension (If Any) 7654321 – Account Number Detailed Explanation: XX- 2 Alphabets represents the State in which your PF Office… Read More »
