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To simplify the process for claiming EPF benefits after the demise of a member, the Employees’ Provident Fund Organization (EPFO) has come up with a new rule. The field officers of EPFO were facing difficulties regarding the updation or rectification of Aadhaar details after the demise of its members. Hence, EPFO made a decision to […]
Employees’ Provident Fund Organization (EPFO) is a social security organization which comes under the Ministry of Labour and Employment, Government of India. Many individuals think that the Orphan Pension under EPS 95 is provided till 18 years of age. However, EPFO has clarified through its Official X (formerly twitter) handle that the Orphan Pension under […]
Employee Provident Fund (EPF), also known as PF (Provident Fund), is a mandatory savings cum retirement scheme for employees that are employed under an eligible organization. According to the EPF rules, the employees are required to contribute 12% of their basic monthly salary to this fund. The amount deposited in PF accounts earns interest on […]
The Employees’ Provident Fund Organisation (EPFO) refers to a body that is non-constitutional and launches various schemes that help employees save funds for their retirement. Established in 1951, the organization comes under the purview of the Ministry of Labour and Employment, Government of India. The valuable employee-welfare schemes launched by EPFO are meant for both […]
The Employees’ Provident Fund Organisation (EPFO) is a part of India’s Ministry of Labour and Employment. As per the circular announced by the EPFO on Tuesday, circular no: WSU/2024/1/UIDAI Matter/4090. In the circular, it is stated that the Aadhaar card is removed from the list of acceptable documents as a Date of Birth Proof. What […]
The Employees’ Provident Funds & Miscellaneous Provisions Act, of 1952 provides for the institution of compulsory provident fund in India. The Employee Provident Fund (EPF) is a mandatory retirement savings scheme in India for certain employees to build a corpus for their post-retirement life. In this scheme, the employee and employer contribute a certain percentage […]