“EPFO Removes Aadhaar as Proof of Date of Birth: Navigating Changes in Identity Verification”

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

Introduction: Introduce the recent circular issued by the Employees’ Provident Fund Organization (EPFO) and the corresponding directive from the Unique Identification Authority of India (UIDAI). Highlight the significance of this decision in the context of identity verification and the legal landscape.This information sheds light on an important change regarding the acceptance of Aadhaar as proof… Read more »

FAQ on the SOP for Inspection of Establishments as per Circular released by EPFO

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

Explore the intricacies of EPFO inspections with our detailed breakdown of Circular CAIU/056/V-III/2023/2291. Gain insights into the latest guidelines, FAQs, and essential procedures for seamless compliance.” Detailed explanation and some specific guidelines for employers, as per the FAQ mentioned in the circular is presented in tabular format: FAQ Number Question Answer and Explanation Employer’s Action/Consideration… Read more »

EPFO declares 8.15% as EPF interest rate for FY 2022-23

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

EPF Interest Rate EPF is a retirement benefits scheme under the Employees Provident Fund and Miscellaneous Act, 1952, where an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer as well on a month on month basis. The Scheme is managed by Employee Provident Fund… Read more »

EPFO fixes Interest Rate for 2022-23 @8.15% pa

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

The 233rd meeting of the Central Board of Trustees, EPF was held today in Delhi under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change. The Vice-Chairmanship of Shri Rameshwar Teli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Vice-Chairpersonship of Ms…. Read more »

Payment of Pension to EPS ’95 pensioners on last working day of the month

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

EPFO has executed agreements with numerous pension disbursing banks for credit of pension to its pensioner. Current bank agreement with pension disbursing banks states that: “Pension will be credited on the 1st working day of the month to which the pension relates or in any case not later than 5th day of the month“. However,… Read more »

EPFO Circular in order to take preventive measures not to spread of Novel Coronavirus (COVID-19):-Attendance of Central Government officials

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

In view of the initial signs of a surge in cases of COVID-19,  the matter regulating attendance of Central  Government employees has been reviewed and it has been decided as under. with immediate effect till 3151  January 2022:- (i)        Physical attendance of  Government servants below the level of  Under Secretary shall be restricted to 50% of… Read more »

Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021

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

 This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021   Who was in the employment of the same establishment & was in employment is to be inserted The claim amount under ELDI is 35 times the average monthly salary in the past 12 months subject to a maximum of 7 lakh (5.25… Read more »