Mon, Nov 20, 2023
Around 8.92 lakh new members enrolled during September 2023, the ministry said. Among these newly joined members, the age group of 18-25 years constitutes 58.92 per cent of total new members added during the month.
Mon, Nov 13, 2023
Your company deposits PF money every month in your PF account by deducting a certain amount from your salary. You also get annual interest on the money cut.
Fri, Nov 03, 2023
Long-term investment can easily make you a crorepati. If you are employed, start investing as soon as possible.
Tue, Oct 17, 2023
If a bad time falls on you and you are in need of money all of a sudden, instead of braking the bank, you can also fulfil your requirement by taking a PPF loan.
Fri, Sep 29, 2023
The deadline for uploading wage details which was ending on September 30 has been extended following representations from Employers & Employers' Associations, according to a labour ministry's release.
Wed, Sep 27, 2023
As per the EPFO guidelines, it is mandatory to link the UAN with your mobile number. The EPF members get all the updates about their provident fund account through their registered mobile number.
Thu, Sep 21, 2023
Employees’ Provident Fund (EPF) savings offer a significant corpus after retirement. The EPF amount may not be able to meet your financial needs after retirement as it doesn't account for inflation.
As per EPFO rules, specific forms should be filed for different EPF and EPS claims. Employees can use Form 31 to withdraw EPF advance.
Wed, Sep 20, 2023
Retirement fund body EPFO has recorded the highest net member addition of 18.75 lakh in July 2023, according to the payroll data released on Wednesday.
Tue, Sep 19, 2023
The Universal Account Number is a 12-digit unique number issued by the Employees' Provident Fund Organisation (EPFO) to each EPF subscriber. Once issued, the UAN number remains the same throughout the employment period of the EPFO member.
Sat, Sep 16, 2023
The interest on your EPF account balance is calculated every month but is credited only on the last day of each financial year. It’s essential to keep a track of your EPF interest earnings for your retirement planning.
Mon, Sep 11, 2023
With the use of an EPF calculator, an EPFO member can estimate the corpus fund for retirement. The EPF maturity amount may depend on several factors like basic salary, age of entry, retirement age, and interest rate.
Tue, Sep 05, 2023
In accordance with the EPFO's 'Illness Advance' plan, members can withdraw an advance amount up to six months of their basic salary (including dearness allowance) or the total employee share including interest, whichever is less.
Fri, Sep 01, 2023
A flagship programme by the Central government announced during the Covid-19 pandemic period in 2020, the Atmanirbhar Bharat Rojgar Yojana (ABRY) was launched with an aim toward the creation of new employment opportunities.
There is a certain process that needs to be followed by the nominee in case of the EPF account holder's death. Here is a step-by-step process of what the nominee needs to do in case the PF member dies.
Wed, Aug 30, 2023
The EPFO has issued a new circular with the intent to standardise the process of member profile updation through its new Standard Operating Procedure. EPF members can update their details on 11 factors.
EPF is a good investment scheme for retirement. The EPFO has made it mandatory for account holders to designate nominees, but there is no deadline for the process.
Mon, Aug 28, 2023
The interest rate on the Employees' Provident Fund is reviewed every year by the EPFO. The interest rate for FY 2022-23 has been fixed at 8.15 per cent
Fri, Aug 25, 2023
After three years from the last month of contribution made the account will turn ‘inoperative’. Funds in an inoperative EPF account will not earn any interest, as per EPFO rules.
Thu, Aug 24, 2023
EPF is one of the best retirement savings plans through which people can make a higher rate of savings and thus use this corpus for post-retirement plans
Mon, Aug 21, 2023
EPFO, in April 2023, granted another extension for linking of UAN with Aadhaar till March 31, 2024. EPF members can link UAN with Aadhaar both online and offline. You can submit a through any EPFO branch office or Common Service Centres (CSC) for linking UAN with Aadhaar.
Fri, Aug 18, 2023
According to the Employees' Provident Fund Organisation, it takes around 20 days to settle the EPF claim. Employees can receive the PF amount in their bank accounts after the claim is settled.
Thu, Aug 17, 2023
The total EPF amount can be withdrawn by the employee after retirement and advance withdrawal is also allowed under certain conditions. For a hassle free withdrawal of EPF amount it’s important to keep your bank details updated on EPFO records.
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