If you are an employee whose Provident Fund (PF) is deducted every month, this news is important for you. The Employees’ Provident Fund Organisation (EPFO) has significantly improved the settlement process for advance withdrawal claims. Currently, 60% of these claims are being settled through an automated payment system. As a result, 2.16 crore claims have … Read more
If you work in a company and are a member of the Employees Provident Fund (EPF), the Employees Deposit Linked Insurance (EDLI) scheme is an essential social security cover for your family. Recently, the Employees’ Provident Fund Organization (EPFO) introduced three major changes to this scheme, offering better benefits to employees’ families. What is the … Read more
If you are employed, this news is crucial for you. The Employees’ Provident Fund Organization (EPFO) has introduced significant changes to the Employees’ Deposit Linked Insurance (EDLI) scheme. These changes were approved in the 237th meeting of the Central Board of Trustees (CBT), chaired by Union Labor Minister Mansukh Mandaviya. Minimum Benefit for Early Deaths … Read more
This week is important for about 7 crore account holders of the Employee Provident Fund Organization (EPFO), which handles the social security scheme. The Central Board of Trustees (CBT) of EPFO is scheduled to meet on Friday, 28 February 2025, to determine the interest rate on the Employee Provident Fund (EPF) for the financial year … Read more
The Employee Provident Fund Organization (EPFO) has extended the deadline for linking the Universal Account Number (UAN) and bank account with Aadhaar. Now, employees and companies have until 15th February to complete this important task. This deadline has been pushed multiple times, with the previous date being 15th January. Importance of Linking UAN and Bank … Read more
The new year brings good news for pensioners, as they no longer have to worry about delays or restrictions in receiving their pension. From January 1, 2025, a significant update will improve how pension withdrawals work for employees under the Employees Provident Fund Organization (EPFO). Pensioners Can Withdraw from Any Bank Starting in 2025, EPFO … Read more
In a welcome change for 7 crore active subscribers of the Employee Provident Fund Organization (EPFO), EPF members will now earn more interest on their deposited money during claim settlement. This is due to a recent rule change by EPFO, which also aims to speed up the settlement process of provident fund claims. New EPF … Read more
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) recently met for its 236th meeting, led by Union Minister Mansukh Mandaviya. During the meeting, several important changes were approved to increase the benefits for EPFO members and make the process easier. New ETF Redemption Policy and Investment Guidelines The CBT has … Read more
EPFO Launches Calculator for Higher EPS Pension: The Employees’ Provident Fund Organization (EPFO) has introduced a calculator to help employees calculate the amount required to get a higher pension through the Employees’ Pension Scheme (EPS). This Excel-based calculator allows employees to estimate the amount they need to contribute from their EPF balance or personal savings … Read more
How To link Aadhaar card With UAN Number 2023: Private employees now have the facility to settle various tasks related to their PF (Provident Fund) and pension online from the comfort of their homes. By linking their UAN (Universal Account Number) with their Aadhaar card number, they can do things like withdraw PF funds, check … Read more
EPF Deduction Rules In Hindi: If you are employed in a private company, a part of your monthly salary is deducted and deposited in your provident fund (PF) account. Both you and your employer contribute the same percentage, resulting in a total of 24% of your salary going into your PF account. However, a significant … Read more