Posted by & filed under Provident Fund Benefits.

Effective from 15th February 2018, Ministry of Labour and Employment has introduced minimum assurance benefit of Rs. 2.5lakhs and maximum of 6 lakhs.
Accordingly, the proviso under para 22(3) (i) has been substituted as under;
the minimum assurance benefit of Rs. 2.5 lakhs shall be in force for a period of two years from the date of publication of this Scheme in the Official Gazette.
Please refer the attached notification for more details

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.