EPF BALANCE TRANSFER

EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF memb...

Faster EPF claim settlement: By allowing for multi-location claim settlement, this feature will speed up member claims processing and replace the current geographical jurisdiction structure along with productivity in offices nationwide.

EPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rate for provident fund deposits for the 2023–2024 fiscal year in February of 2024. The interest rate for 2023–24 was raised by the EPFO from 8.15%...

Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation ...

Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from their old employer to new employer. However, this facility is available to certain EPF members only satisfying c...

EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette if approved by the Ministry of Finance. EPFO will then credit the agreed rate of interest to its EPF subscribers' accounts.

EPFO Interest Rate Hike: The Employees Provident Fund is a mandated contribution for salaried employees. An employer is also obligated to make a matching contribution to the EPF account. On a monthly basis, an employee contributes 12% of his earning...

The EPFO has especially outlined the procedural complications involved in UAN generation/linking, KYC seeding, blocking, unblocking, and paying claims for transaction-less accounts and inoperative Accounts. Let us take a look at what the EPFO SOP ha...

The EPFO advised all its Field Offices to refrain from accepting claims associated with bank accounts in Paytm Payment Bank Limited with effect from next month.

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EPF interest rate for FY 2022-23: Salaried workers are required to make a contribution to the Employees Provident Fund. Additionally, an employer is required to contribute in a matched manner to the EPF account.

Financial planners suggest a retirement corpus target that is about 20 times your annual income. While some feel that 30 times can be a better figure as it will take care of inflation.

Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the time of retirement. However, not many people are aware of the finer details of the scheme. How long money can...

The EPFO has announced the interest rate for EPF accounts for the financial year ended on March 31, 2023. The interest rate for FY 2022-23 has been hiked by 0.05%

​Employees can now determine how much they must contribute in order to obtain a higher pension from the Employees' Pension Scheme (EPS).

EPFO has extended the deadline for applying for a higher pension under the Employees' Pension Scheme (EPS) from May 3 to June 26, 2023. This was the EPFO's second extension of the deadline for higher EPS submissions.

The circular issued by the Employees' Provident Fund Organisation (EPFO) on May 11, 2023, clarifies that how dues will be calculated to be paid for higher EPS pension. Further, a written consent is mandatory for diversion or depositing funds for hig...

Time and again the EPFO has assured its subscribers that its interest credit is an ongoing process. EPF who have not received their interest took it to twitter to complain.

For 2021-22, the Centre has approved an interest rate on Employees' Provident Fund (EPF) deposits of 8.1 percent, down from 8.5 percent the previous year. You can check your EPF amount using the Umang App, EPFO Member e-Sewa online, SMS, or a missed...