Dear allI have been receiving many calls in regards to pension disbursement in regards to Employee Pension Scheme , enclosed is the Pension Distribution agency State Wise as on 31st Mar 2015Thought of sharing the same EPS1995_PensionDisbursingAgenciesList
Posts Categorized: Provident Fund Benefits
Amendment in Employees Pension Scheme 1995
Dear all,There is an Amendment in Employees Pension Scheme 1995 where in the Provision of Orphan Pension which was earlier up to age 25 years has been increase beyond age of 25 years in case if such Orphan is suffering from disorder of mind or is Physically crippled or disable Notification:- Pension_GazetteNotification_GSR387(E)_8314
Employee Deposit Link Insurance Scheme Amendment 2016
The Government of India has finally implemented the decision of increasing the maximum sum limit assured under insurance scheme of retirement fund body Employee Provident Fund Organisation, popularly termed as EPFO, to 6 lakh rupees. This would almost double the maximum sum for its 4 crore subscribers. The decision was, however, taken long back in September… Read more »
New PF Facility Launched For Easy Balance Transfer: Your 10-Point Guide
Many employees forget to transfer the balance from their previous provident fund (PF) accounts when they change jobs. Some of them even withdraw the money from PF account. Since PF is meant for one’s retirement years, financial experts suggest that the accumulated savings should not be withdrawn during one’s working years. To encourage employees consolidate… Read more »
EPFO to give interest on inoperative Accounts
Reversing a five-year-old decision, the Employees’ Provident Fund Organisation’s top decision-making body, the Central Board of Trustees, has decided to pay interest on all inoperative EPF accounts from April 1 onwards. Inoperative EPF accounts are those that have not received any contribution from employees or employers for 36 months. The move will benefit 90 million… Read more »
Petitioning Employee Provident Fund Organization Central Provident Fund Commissioner
Dear Employee Provident Fund members, The Employee Provident Fund Organization, which manages the EPF money, recently issued a notification amending the EPF Act to restrict the withdrawals from employee provident fund to the extent of only employee contributions and the interest on it until retirement. What this also means is that, the employee will not… Read more »
Indian Government puts limit on early withdrawal from provident fund
Dear all As per my earlier blog as in regards to Major 3 Latest Amendments In EPF And EDLI pls find the details in brief:- =========================================================== In brief The Ministry of Labour and Employment, Government of India, has made a few amendments in the Employees’ Provident Fund Scheme, 1952 (PF Scheme). These are effective from 10 February 2016. Key… Read more »
Interest on provident fund deposits likely to increase to 9% on February 16
Retirement fund body Employees’ Provident Fund Organisation (EPFO) may announce 9% interest rate on provident fund (PF) deposits for 2015-16 in its trustees’ meet on February 16, higher than 8.75% provided in previous two financial years Retirement fund body Employees’ Provident Fund Organisation (EPFO) may announce 9% interest rate on provident fund (PF) deposits for… Read more »
Launch of Upfront Allotment of UAN to employees
Dear all,Good News from EPF A. Any citizen, even if not a member of EPF, can obtain UAN through online mode. B. To register for UAN, an Online facility has been made available in public domain as a single page form. C. There is no need to submit any physical documents. D. The citizen is… Read more »
Simple steps to change your EPF nomination in UAN online portal
Dear all,As almost one year has been over in regards to generation of Universal Account Number ( UAN) it was launch on 16th Oct 2014 after that many changes and upgradation have been come across in the respective UAN portal Good News for EPF Subscriber now then can update the family information online by simple steps… Read more »