If you want to check your EPF account balance, you can use one of the numerous ways, which include checking details on the Umang app, getting EPF passbook details online, giving a missed call, or sending an SMS. You can find out the process of checking your EPF balance online in the article here. Interestingly, …
The Employees’ Provident Fund Organisation (EPFO) has ordered to enhance the existing eligibility limit of 68J claims for withdrawal from ₹50,000 to ₹1 lakh now. The announcement was made via a circular issued by the EPFO on April 16. The pension fund body has also made the changes in the application software on April 10, 2024. …
The Employees’ Provident Fund Organization (EPFO) is vital in safeguarding employees’ financial futures through retirement savings promotion. Getting a grasp on the latest clarifications regarding pension rules from the EPFO can be quite beneficial. Here are some aspects that the EPFO has provided clarification on: Eligibility for pension: This might encompass criteria such as minimum …
New EPFO rules: April 1st signals the start of a new financial year in India, bringing along revisions to regulations governing savings plans. Starting April 1, the Employees’ Provident Fund Organization (EPFO) will introduce important changes. According to various media reports, with the new rule, when an individual changes jobs, their old Provident Fund (PF) …
In a startling revelation, it has been revealed that the Employees’ Provident Fund Organisation (EPFO) has rejected every third claim that it received, reported Indian Express. A number of subscribers have raised their grievances relating to delay in claim settlement on the official X handle of EPFO, which is the world’s largest social security organisation …
Delhi-based Bansal (39), a start-up employee, realized that his PF contribution data was missing while filling his income tax return (ITR). Bansal, who declined to give his full name because of legal issues, raised the matter about the missing PF dues with his then employer but no action was forthcoming. His mails to the company’s …
Employees Provident Fund Organisation (EPFO) has restricted deposits and credit transactions in Paytm Payment Bank accounts. This was announced in a circular issued on Feb 8, 2024 and uploaded on the official website of pension fund body. The circular has categorically informed all the field offices to stop accepting claims associated with bank accounts in …
In India, a segment of every employed individual’s income is systematically allocated to their Employees’ Provident Fund (EPF) every month. This obligatory contribution is designed to ensure financial stability for employees during their retirement. The PF account is funded through contributions from both the employee and the employer. Typically, the breakdown involves 12 per cent …
I left my job recently after working there for five years and two months. My employer managed the provident fund (PF) in its private trust, and my PF account was linked to my UAN (unified account number). I have now joined a new company which is small and does not come under the ambit of …
The government has fallen short of its target for employment generation in the formal sector under the Aatmanirbhar Bharat Rojgar Yojana (ABRY), launched in 2020 at the time of the pandemic. As per latest government data, enrolments under ABRY stood at 6.04 million as on July 22, 2023, well short of the revised target of …