Allowing subscribers to update exit date online after changing jobs, the Employees’ Provident Fund Organisation (EPFO) has now launched ‘date of exit’ facility on the EPF portal. Earlier, EPF account holders were dependent on their ex-employers to declare the date of exit as the facility was not available online to EPF subscribers. “Now employees can also update […]Continue Reading..
The labour ministry will soon issue a notification to restore pension commutation, or advance partial withdrawal, under the Employees’ Pension Scheme of the Employees’ Provident Fund Organisation (EPFO) from January 1, 2020. The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of […]Continue Reading..
Public provident fund (PPF) is one of the most favoured small saving schemes as it provides assured return and is also tax efficient. PPF falls under the exempt, exempt and exempt category where the investments, the returns as well as the accumulations are all tax free. “Even if you are not availing Section 80C tax […]Continue Reading..
The government recently notified new rules for public provident funds or PPF accounts for the benefit of account holders. PPF is one of the most popular small savings schemes and it offers a guaranteed return. PPF accounts have a maturity period of 15 years and the government announces interest rates for each quarter. For the current quarter, […]Continue Reading..
EPFO members are required to fill the Composite Claim Form (CCF) if they want to make full or partial withdrawal from their employees provident fund (EPF) account. The same CCF needs to be filled if an EPFO member want to withdraw money from his EPS (pension) account. This Composite Claim Form is of two-types. One […]Continue Reading..
Now you don’t need to depend upon your employer to obtain your universal account number (UAN). It may be noted that the Employee’s Provident Fund Organisation (EPFO) has launched this facility for the formal sector. As per the existing rules, employees have to apply through their employers to get the UAN, which enables them to […]Continue Reading..
The former managing director of Uttar Pradesh Power Corporation Limited (UPPCL), AP Mishra, has been arrested in connection with an investment of over Rs 2,600 crore of the state power firm’s Employees’ Provident Fund in scam-hit Dewan Housing Finance Corporation. The inquiry in the case was ordered by UP Chief Minister Yogi Adityanath. “Mishra […]Continue Reading..
Employees’ Provident Fund Organisation (EPFO) has, today, announced the result of Phase-I (Prelims) written exam for the post of Assistants (Assistants Section Officer). A merit list has been prepared of the selected candidates in the exam. All those candidates who appeared in EPFO Assistant Exam can check the result on EPFO official website epfindia.gov.in. EPFO […]Continue Reading..
Post Office Kisan Vikas Patra Calculation and features: The humble post office near you is probably the only place that can guarantee to double your money. While investments in stocks and mutual funds can also double the money, probably in less time, risks associated with them keep small and vulnerable investors away. This is not […]Continue Reading..
Bringing cheer to over 6 crore PF subscribers before Diwali, the Employees’ Provident Fund Organisation (EPFO) has started the process of crediting interest to provident fund accounts. Several PF account holders have already received interest credit of 8.65% for the financial year 2018-19. The total interest outgo for EPFO comes to around ₹54,000 crore. The total […]Continue Reading..