EPF is managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Fund and Misc. Provisions Act, 1952. The EPFO, which was riddled with complex rules and procedures, has worked for simplification of the process by making its services available online. The employee can log in through the UAN Member e-Sewa Portal and…
In case you are availing to EPF services online using your UAN, then linking Aadhaar to UAN is still a requirement to continue using the online services. As per a circular released by the Employees’ Provident Fund Organization (EPFO), the EPF member needs to provide his Aadhaar number to avail online services through EPFO web…
If you are a member of Employees’ Provident Fund Organization (EPFO) and have already activated it using your Universal Account Number (UAN), then you can access a host of EPF related services through EPFO Member e-Sewa Service Portal. Here are the 5 things that you can do by logging in at the EPF member portal. 1….
The Finance Ministry has come out with the latest rates of interest on saving schemes for the coming quarter i.e from 01/01/2019 to 31/03/2019. Apart from making some small changes, the government has largely maintained the status quo on the interest rates. The latest rates are as follows: Savings Scheme Interest Rate (From October-December 2018)…
The Union Labour and Employment Ministry released the draft Social Security Code, 2018, version 2.0. The code aims to reframe the existing social security architecture by replacing as many as 15 laws with a single but integrated labour code. The laws to be replaced include the Employees’ Provident Fund and Misc Provisions Act, 1952, the…
The Union Labour Ministry is set to overhaul the social security architecture of India with the draft proposal of the new Social Security Code, 2018. The recently released draft talks about amalgamation and rationalization of the labour laws in the country by replacing as many as 15 social security laws including the Employees’ Provident Fund…
हिंदी में पढ़ें Managing the PF account is a common problem faced by employees of the organized sector, especially while switching jobs. ‘What happens to my existing PF account, will I get a new UAN number, how can I transfer my PF balance, can I withdraw my EPF balance’ are the few questions that commonly…
हिंदी में पढ़े EPF is the main scheme managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, to provide social security cover to the members. The scheme generally covers employees of every organization in which 20 or more persons are employed. Employees enrolled under the EPF…
Paying LIC (Life Insurance Corporation of India) premium regularly can be a daunting task at times, especially for people belonging to lower income group. However, if you are a salaried individual with an EPF account, you can pay your LIC premium from your EPF corpus. Though the facility has been in place for a long…
Employee Provident Fund is basically a retirement fund managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Fund and Misc. Act, 1952. Since the private sector employees do not have a dependable pension offering, PF savings play a crucial role in ensuring social and financial security post-retirement. Generally speaking, you can withdraw…
