The Employees’ Pension Fund Organisation (EPFO) has deployed the change in the application software on April 10 this year. The rule change has received the nod of Central Provident Fund Commissioner, the circular issued by pension fund body informs.
1 min read17 Apr 2024Did you know reaching age 58 alone doesn't guarantee eligibility for a monthly pension under the Employee Pension Scheme? Here are the essential factors you should know about the EPFO pension rules.
1 min read17 Apr 2024UAN works like a common identification for subscribers who may have worked under multiple employers in quick succession one after the other. This, effectively, means subscribers can have numerous member IDs allotted by as many employers but only one UAN.
1 min read16 Apr 2024Meeting the EPFO's requirement of 10 years of service is essential, but merely reaching the age of 58 doesn't automatically qualify an individual for a monthly pension under the Employee Pension Scheme.
1 min read15 Apr 2024Consolidating UANs requires notifying the EPFO and subsequently transferring funds from your inactive UANs to your active UAN.
1 min read15 Apr 2024Utilizing your EPF for home loan repayment is a significant decision. It’s crucial to carefully consider the advantages and disadvantages before committing to one.
2 min read14 Apr 2024EPF withdrawal: The EPF subscriber can apply for partial withdrawal for a range of purposes which include marriage of self or child, medical needs, house purchase, home loan repayment, or house renovation
2 min read13 Apr 2024The UAN (Universal Account Number) and aadhaar given by the new employer to the PFRDA must be the same as what the pension fund authority has in its records. Additionally, the mobile number must already be linked to the UAN in order for the automatic transfer to take place.
1 min read11 Apr 2024EPFO's new rules enable the automatic transfer of old PF balance to the new employer, eliminating manual requests
2 min read3 Apr 2024Many people encounter challenges when trying to withdraw their EPF funds. One common reason is the rejection of EPF claims due to discrepancies between the details in the EPFO records and the information provided by the EPF account holders, or incomplete KYC records.
3 min read27 Mar 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared