Tue, Oct 29, 2024
Employees’ Pension Scheme (EPS) was launched in 1995 to help employees get a monthly pension post retirement. Therefore, let’s check out what will be your monthly pension if you are 25 years old and have a pensionable service of 33 years.
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Mon, Oct 28, 2024
EPF Retirement Corpus: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees, where they invest monthly and get a fixed interest rate on their investments. If they avail the full limit of EPF, not only can it become a good debt investment option, but it can also help them generate a tax-free retirement corpus.
Sun, Oct 20, 2024
EPFO enrolled around 9.30 lakh new members in August 2024, representing an increase of 0.48 per cent from August 2023, a labour ministry statement said.
Tue, Jun 02, 2020
In a major development, Ministry of Labour & Employment has confirmed that EPFO released Rs 868 crore pension along with Rs 105 crore arrear on account of restoration of commuted value of pension.
PF Withdrawal through UMANG App: Withdrawing your provident fund through UMANG App is easy and quick. It also saves you from the hassles of visiting the Employees' Provident Fund Organisation (EPFO) office or the requirement of having a personal computer and internet connection. Your smartphone is sufficient to help you apply for your PF money
Fri, May 29, 2020
EPFO Alert: The Employees’ Provident Fund Organisation (EPFO) has operationalised Pradhan Mantri Garib Kalyan Yojana Package (PMGKY) for low wage earning EPF members and EPF covered establishments with up to 100 employees, the retirement fund organisation has said in a tweet
Thu, May 28, 2020
EPFO provides life coverage of up to Rs 6 lakh to an EPF account holder in case of death during service period. The life coverage is given to the EPF account holder under the EDLI 1976 rules.
Mon, May 25, 2020
Retirement Fund body Employees’ Provident Fund Organisation (EPFO) has asked establishments to create Facebook and Twitter accounts so that employees can raise their grievances on social media. The EPFO said this on its official Twitter handle @socialepfo
Fri, May 22, 2020
EPFO UAN: Do you know that you can easily generate your Universal Account Number or UAN if you are unable to get it from your employer. Generating one is not difficult. Here is how you can do it
Wed, May 20, 2020
In a major relief to the salaried class, the Narendra Modi Government has increased the take home salary of over 4.3 cr employees who are members of the Employees’ Provident Fund Organisation (EPFO)
Tue, May 19, 2020
In a major development, the Ministry of Labour & Employment has implemented the decision to cut Employees' Provident Fund (EPF) contributions to 10 per cent from the existing 12 per cent for three months till July.
Sun, May 17, 2020
On March 28, the EPFO had allowed formal sector workers to withdraw a non-refundable advance from their retirement savings to deal with the hardships due to the lockdown.
Fri, May 15, 2020
Employees' Provident Fund Organisation (EPFO) has eased norms for establishments covered under EPF and MP Act on delay in deposits.
Thu, May 14, 2020
Employees' Provident Fund Organisation (EPFO) has good news for those EPS pensioners who have completed 15 years of their retirement by April 2020.
Finance Minister Nirmala Sitharaman on Wednesday announced several measures as part of the relief package to kick-start the Indian economy. One of them could help increase your take home salary during the ongoing crisis.
re you planning to file claims related to "Outbreak of Pandemic (Covid-19) with the Employees' Provident Fund Organisation (EPFO) but do not know the process. Well, that is not so difficult as the retirement fund body has shared a step-by-step guide on its official twitter handle. For those of you who do not have access to twitter can read here and take advantage
Wed, May 13, 2020
PF Withdrawal: On Provident Fund investments, income taxpayer is given tax exemption on investment, interest earned and the maturity amount.
Union Finance Minister Nirmala Sitharaman and MoS Finance Anurag Thakur on Wednesday addressed a press conference to give details of the Rs 20 lakh cr relief package amount announced by PM Narendra Modi in his address to the nation on Tuesday night.
PF Balance Check: EPFO is offering ‘Short Code SMS Service’, which an EPF or PF account holder can use any time to know one's provident fund balance.
Mon, May 11, 2020
EPFO Alert: Good news for all those employers who want to receive reimbursements of benefits under the government's flagship scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY) scheme and who have remitted for the month of March before the deployment of this facility
Fri, May 08, 2020
EPFO rules say, an EPF account holder is eligible for up to Rs 50,000 on retirement along with other EPF benefits provided he or she has contributed into for at least 20 years.
In case you have seeded incorrect bank account details with your Universal Account Number (UAN) and are wondering how to correct the mistake, here is your step-by-step guide to do it. Incorrect details like account number or the IFSC code you may be in trouble. This may lead to failure of credit transactions
Thu, May 07, 2020
EPFO Alert: The Employees' Provident Fund Organisation (EPFO) gives free life cover to the Provident Fund (PF) account holders. Each and every EPFO subscriber is insured free of cost under EDLI 1976 rules.
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