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New Social Security Code To Facilitate Joining Of NPS By New Employees

The Centre is making efforts to simplify procedure for the working class by introducing a new Code on Social Security 2019. And in respect of the same, an initial draft has been put for the domain for suggestions and comments until ...

Ensure This Condition Is Met As Else Your EPF Interest Will Not Be Credited

For the FY19, the EPFO body after much deliberation has finalized the interest rate for FY 19 at 8.65%, though at first ministry of finance objected in light of the falling interest rate scenario across financial products. But as the EPFO ...

Centre Proposes 3 Changes To EPF Rule: This Is How You Will Be Impacted

Employee Provident fund is the oldest social security scheme that is currently serving as many as 6 crore subscribers. To make it further, subscriber-friendly, the government is pushing changes to the original EPF law which has for last many years gone ...

When Do EPF and EPS Nominations Become Invalid By Default?

If you are a salaried employee, you are most likely making contribution to EPF (Employees' Provident Fund) as part of your monthly remuneration from your employer. This retirement savings fund like all investments require the subscriber to provide a nominee at ...

EPF Contribution Towards Subscriber's A/c To Be Made Top Priority For Employer

To boost the confidence of EPF subscribers, the government is mulling amendments to some sections of The Employees' Provident Funds And Miscellaneous Provisions Act, 1952 for bringing in more clarity in respect of the law. As per the new proposals, it ...

Your Take Home Pay May Increase If This PF Rule Changes

Apart from other amendments, the government is currently acting upon a Bill that envisages changes to the EPF contribution rate for both the employee and employer. If the proposal goes through, the take-home pay of employees might see an increase. {image-money-01-1496316620-1569485431.jpg ...

Govt Notifies 8.65% Interest On EPF For FY 2018-19, Rs. 54000 Cr To Be Credited

After a prolonged confusion in respect of interest rate on EPF for lakhs of employed people, the Union government finally offered relief by notifying rates on EPF for the fiscal year 2018-19. The interest rate has been decided at 8.65% per ...

Aadhaar Made Mandatory For EPF E-Nomination

The Employees' Provident Fund Organisation (EPFO) launched an e-nomination facility for EPF account holders. The e-nomination facility allowed EPF members to nominate their family members over the organisation's e-Sewa portal. However, according to EPFO rules, Aadhaar of all the family members ...

Govt Likely To Amend EPF Rules To Allow Switching From EPS To NPS

On 23 August, the Ministry of Labour and Employment had issued a preliminary draft on "Amendment in the Employees Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952." The last date to submit one's comments on the draft bill which ...

EPF Accounts To Receive Interest For 2018-19 Ahead Of Festival Season

On Tuesday, Labour Minister Santosh Gangwar told PTI that the over 6 crore EPFO members will get 8.65 percent interest on their deposits for 2018-19. The Central Board of Trustees, the apex decision-making body of the Employees' Provident Fund ...

Nominations To EPF Account Can Now Be Added Online

The Employees' Provident Fund Organisation (EPFO) launched an e-nomination facility for EPF account holders. In a circular dated 12 September, the fund manager said that the facility can be availed by members who have linked their Aadhaar and verified it on ...

Is Contribution To EPF A/c Allowed After You Are Not In Job?

It may be a case that you may not be in service anymore, but given the high interest rate on EPF as well as your surplus cash intend to contribute from your end, here is what you can do: ...