Indian Government puts limit on early withdrawal from provident fund

Posted by & filed under Provident Fund Benefits.

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

Posted by & filed under Provident Fund Benefits.

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 »

EPF (Employees’ Provident Fund) Linked With Aadhaar Card

Posted by & filed under Provident Fund - (Notification -Circulars), Provident Fund Benefits.

EPF (Employees’ Provident Fund) Linked With Aadhaar Card Trying to open an Employees’ Provident Fund Account? Ensure an aadhaar number first. The employees provident fund organization (EPFO) has mandated to provide aadhaar card numbers in order to register for an EPF account. Employees joining from March 2013 into the organised sector, looking forward to open… Read more »

Brief Note on Provident Fund Benefits & Withdrawals

Posted by & filed under Provident Fund Benefits.

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 »