On 1 Jun 2021, EPFO announced that employees contributing to EPF can now avail of asecond non-refundable advancefrom their EPF accounts to meet financial emergencies due to coronavirus. Earlier in 2020, EPF had announced that an EPF member could withdrawup to 75% of EPF moneyor three months ...
You can get your UAN number from the UAN or EPFO Portal. You may be required to submit a few documents to your employer to generate your UAN. When you start a new job, most employers in India open an Employee Provident Fund (EPF) Account for you in which they deposit a percentage of...
If you are a salaried employee, then chances are that you have an Employee’s Provident Fund (EPF) account that you regularly make contributions from your salary deductions. You might know what the latest EPF interest rates are, but do you knowhow to calculate interest on your EPF account b...
Note: In certain situations, employees are asked to attach relevant proof of documents along with the application and get the approval from the employer before making a withdrawal. You will receive the money only after approval. This whole process take 15-20 business days and the amount will be...
Govt has said that transfer would be done automatically if you have EPF account with unexempted EPFO and you submit your UAN to new employer but so far we have not heard of automatic transfer. If you come to know about it please do share with us. ...
Interest accrued over 12-months will be paid according to the balance amount as on the previous year's date, plus any money withdrawn in the year. In the case of PF contributions credited throughout this year's fiscal year, interest earned from the beginning of the month that follows in ...
August 2016 to 14 December 2018 in mata vaishno devi narayana hospital that time there were no online EPF account but after that government decided removed the article from there and my epfo account was created in 2019 as u know very well my join and resign period is same day but I want...
old employer’s account to the present employer. The primary reason is that, holding on to the PF account for five years ensures that the fund is exempted from taxation. Also, one can withdraw partial amount of money if needed, by still earning the current interest rate on the account. ...
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