To tide over the current economic crisis brought forth by the ongoing coronavirus pandemic, lakhs of salaried class employees have been withdrawing funds from their Employees’ Provident Fund (EPF) accounts. Since April, more than 55 lakh EPF account holders have withdrawn around ₹15,000 crore from the retirement funds kitty. Before making a withdrawal request online […]Continue Reading..
If you are an account holder with the Employees’ Provident Fund Organisation (EPFO) and want to update your date of exit of the previous employment, you can easily do it. The retirement fund body has now made it easy for the employees to do it by themselves. Here is a step-by step guide to do […]Continue Reading..
In what comes as a new challenge for EPF subscribers, they won’t be able to partially withdraw money from their accounts, citing COVID-19 crisis. The government had given a major relief to salaried class when it announced that they can withdraw money from their provident fund account to meet the immediate financial requirements during the […]Continue Reading..
Even after leaving or leaving the job, you continue to get interest on the deposit till the age of 58 years If a member leaves a job, he can withdraw 75 percent money from the PF account after 1 month. If your job has been lost due to Corona Crisis and you are wondering what […]Continue Reading..
Employees’ Provident Fund Organisation (EPFO) allows its subscribers to check their Employees’ Provident Fund (EPF) balance using Universal Account Number (UAN). With Umang app and EPFO portal, it’s now easier to check EPF balance check online. You can even use EPFO SMS service to know your balance. There are four ways to check EPF account […]Continue Reading..
The Public Provident Fund (PPF) is a very good investment option that provides tax benefits, the interest earned as well as final maturity amount is tax free. However, many investors do not know how interest is calculated in PPF. Thus they tend to ask questions like when is the best time to invest, whether lump […]Continue Reading..
My relative worked for more than five years in a company and then quit the company around four years ago. She had made all the provident fund (PF) deductions and even her universal account number (UAN) is linked. She then joined another company after three months of leaving the previous one, and had regular salary […]Continue Reading..
In order to ease the burden of EPF subscribers during the COVID-19 crisis, the Labour and Employment Ministry had on March 28 made amendments to the Employees’ Provident Funds Scheme (EPFO) allowing partial withdrawal of provident fund. EPFO members are allowed withdrawal not exceeding the basic wages and dearness allowances for three months or up […]Continue Reading..
The Employees’ Provident Fund Organization (EPFO) has over 6 crore subscribers, 12 lakh employers and 65 lakh, pensioners. It manages Employees’ Provident Fund account on behalf of the subscribers. EPF is one of the most common investment options for the salaried class. But, just like any other investment scheme, you can also have a problem […]Continue Reading..
Provident Fund is a term that people with jobs are familiar with, but when they need to withdraw a few rupees from this fund, they are not aware of the rules. In this article, we try to understand the process of online withdrawal in five easy steps. Now withdrawing money from provident funds (Online EPF […]Continue Reading..