Employees working in private sector have the support of employees provident fund after retirement. Under this, after retirement, you get almost the entire amount deposited in your PF account. Apart from this, some employees who come under the pension scheme also get the facility of monthly pension. For PF, Employee Pension Scheme and Employees Deposit […]Continue Reading..
If you are planning to withdraw funds from your employees provident fund (EPF) account, do not forget that to activate your Universal Account Number (UAN) on the EPFO portal, link it to Aadhaar, give bank details and complete all the KYC documentation process. Although the final withdrawal is only during retirement or after two months […]Continue Reading..
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..
Employees’ Provident Fund Organization or EPFO, the nodal agency that monitors Employees’ Provident Fund contributions, allows the subscriber – or employees of an organisation of 20 or more individuals – to transfer provident fund (PF) balance with the previous employer to a new employer. In online transfer of PF, an employee has the option to […]Continue Reading..
The much-awaited notification for the 10 basis points hike in the interest rate on employees’ provident fund for 2018-19 has finally come through. In February, the Central Board of Trustees, the Employees’ Provident Fund Organisation’s (EPFO) apex decision-making body, had approved 8.65 per cent interest rate for FY19, up from a five-year low rate of […]Continue Reading..
Employees’ Provident Fund Organisation Has Launched New Service to Withdraw Your PF Money Anytime, Anywhere. Employees’ Provident Fund Organisation (EPFO), the retirement fund body, allows subscribers to withdraw money from their Employees’ Provident Fund (EPF) corpus for specific purposes.To apply for such withdrawal online, the subscriber must have an active UAN (Universal Account Number) and […]Continue Reading..