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 Since PF is meant for one’s retirement years, financial experts suggest that the accumulated savings should not be withdrawn during one’s working years.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 »

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 »

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 »

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 »

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 »

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 »

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 »

Dear All, Pls find attach EPFO new circular for withdrawal under para 68 b ,,this will help employee to get advance from his EPF without any headache.. EPFO New Circular for Withdrawal under para 68 B

Immediate settlement without waiting period of 2 months  Settlement only after a waiting period of two months 69(1)(a) Retirement after attaining 55 years of age. 69(1)(e)(i) transfer of a non retrenched employee from a closed establishment to uncovered establishment. 69(1)(b) Retirement on account of total and permanent incapacity due to bodily or mental infirmity …. Read more »