EPFO withdrawal process: The Employees' Provident Fund (EPF) is a retirement scheme to save funds for ensuring economic security once you retire. Yet, unexpected outgoings always come up, and the ...
The move is aimed at making EPF access more convenient for the organisation's nearly 8 crore members, many of whom currently ...
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EPFO Premature Withdrawal Rules: Know Criteria, Recovery Process, and Penalties Before Touching Your PF Savings
The Employees’ Provident Fund Organisation (EPFO) has issued an important alert for subscribers planning to withdraw money from their Provident Fund (PF) account for reasons not permitted under the ...
The new UPI-based system aims to further streamline this by eliminating much of the manual process, reducing the burden on EPFO amid over 5 crore annual claims.
The Labour Ministry has begun a major clean-up of inoperative EPF accounts, announcing automatic refunds of ₹30.52 crore lying in over 7 lakh small inactive accounts. The move is part of a wider ...
The retirement fund body has carried out a KYC analysis of such inoperative accounts, as the pilot phase will see auto-settlement for only KYC and Aadhaar-seeded accounts.
If you have ever changed jobs, stopped contributing to your EPF account, or forgotten about an old provident fund account, there is good news for you. The government has announced a new initiative ...
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Pending PF: EPFO to refund Rs 30.52 crore from 7 lakh inactive accounts, aiding lakhs of employees
Following a recent review by the Ministry of Labour and Employment, officials indicated that over 7.11 lakh inactive EPFO ...
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