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Source: Live Mint Employees’ Provident Fund Organisation (EPFO) has launched a new feature for its members as employees can now change personal details like their name and date of birth online without any verification from their employer or approval from the EPFO, reported the news agency PTI on Saturday, January 18. The EPFO members who…
Source: Live Mint The Employees Provident Fund Organisation (EPFO) has simplified the process of transferring provident fund accounts of members who have changed jobs. The current requirement for employees to submit online transfer claims to previous and present employers has been removed. EPFO, in a circular released on January 15, provided details about cases in…
Source: Live Mint The Employee Provident Fund Organisation (EPFO) has extended the deadline for activating the Universal Activation Number (UAN) and linking the bank account with Aadhaar to January 15, 2025. The original deadline for UAN activation was November 30, 2024, which was later extended to December 15, 2024. “Please see the circulars cited. In…
Source: Live Mint I worked with two different establishments from 2011 to 2015 and 2015 to 2016, respectively, for which I was assigned two different UANs and PF accounts. My current organisation, for the past eight years, does not have a provision for PF and, therefore, can not transfer the previous PF accounts. Is there…
Source: Live Mint Good news for over seven crore of the Employees’ Provident Fund Organisation (EPFO) subscribers. Members of the retirement fund body EPFO may soon be able to withdraw their provident fund (PF) money directly from ATMs after the settlement. EPFO ATM Card launch date EPFO will introduce its cutting-edge software system by June…
Source: Live Mint Employees’ Pension Scheme (EPS) subscribers can access pension from any bank branch in India from today, January 1, 2025. Although the change in rule was announced in a statement on September 4 last year, it took effect today. This is the outcome of the introduction of the Centralised Pension Payments System (CPPS),…
Source: Live Mint New Year 2025 is just around the corner, and it brings more than just resolutions: it is a chance to realign our financial goals for the year. Planning finances for the new year will require awareness of key changes in 2025, including fixed deposit rules, credit card benefits, visa regulations, etc. Being…
Source: Live Mint That’s not all. While you are waiting for your funds, you learn that some other investors in the same bond got their money back in full and on time. This is what happened to 68-year-old Rakesh Seksaria, who invested ₹10 lakh in Andhra Pradesh Power Finance Corporation Ltd (APPFCL) bonds. The 9.4%…
Source: Live Mint The Employees Provident Fund Organisation (EPFO) has extended the deadline for UAN activation and seeding of bank accounts to Aadhaar to avail the benefits under the ELI (Employment Linked Incentive) scheme to January 15. The earlier deadline for this was December 15 and the provident fund body has now issued a circular…
Source: Live Mint The Employees’ Provident Fund Organisation (EPFO) provides an online facility for submitting wage details by employers for pensions on higher wages. The EPFO has extended the date to submit the wage details to January 31, 2025. “A final opportunity is being given to the employers till 31.01.2025 to ensure that employers process…
