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EPF Account News

03 Sep 2022

Employees alert! EPFO allows e-nomination for EPF/EPF account through THIS way

EPFO announces e-nomination for EPF/EPS account is available for members now. Members can update the nomination any time as per need. New nomination will override previous nomination.

23 May 2022

Filing EPFO e-nomination online? Here's how to do it

Users can make the necessary changes by logging onto their EPFO accounts. EPFO had set a deadline of March 31 for EPF account holders to amend their e-nomination for their accounts. It's worth noting that EPF account holders have the option of having multiple nominees for their accounts.

03 May 2022

Want to check PF balance online? Here’s how to do it

Each employee and the employer contribute 12% of their basic income to these PF accounts as a predetermined contribution. EPFO announces the PF interest rate every year. Employees have four options for checking the balance of their EPF accounts.

07 Mar 2022

Here's how to do EPF account transfer from EPFO to employer’s EPF trust

According to EPFO guidelines, an individual can easily transfer their EPF account from their prior workplace to their new employer. Transferring EPF accounts online is possible if both employers (old and new) are able to begin transfers through a common interface. Transfer of HoEPF account from EPFO to employer's EPF trust.

14 Feb 2022

THIS Post Office Scheme will provide 7.1% return: Here's what you need to know

The PPF account can be used to accumulate wealth over time. After the completion of 15 years from the inception of the account, the PPF account matures. PPF account users can extend their accounts in 5-year increments after they reach maturity.

10 Jan 2022

Want to create a UAN number? Here’s how to do it online

You can access your Employee Provident Fund (EPF) account once you have your 12-digit UAN number. It also allows you to examine your passbook and check the balance of your EPF account.

18 Dec 2021

PF Update: Do THIS by December end or EPF benefits will stop

It is critical to name a nominee for your EPF or EPS account in order to ensure that your loved ones benefit from your life savings even if you are not present. It should be remembered that an EPF account holder can alter the nominee for their EPF account by completing a fresh PF nomination. EPF members should keep in mind that they can file an e-nomination at any time and from any location using their UAN login.

17 Dec 2021

PF Account Holders Alert! Here’s how to transfer PF balance

You'll need an active UAN number and password to transfer your previous EPF balance to the new account. It should also be remembered that all forms of information, such as bank account numbers, cell phone numbers, and Aadhaar numbers, should be updated in your UAN number.

27 Jul 2021

Want to withdraw money from PF account? Here’s how to avoid THESE mistakes

It also comes in handy in case of emergencies as a certain percentage of the amount can always be taken out from the PF account. EPF account yields a return of 8.5% annually. Anyone with a PF account unemployed for a month or more can get a non-refundable advance of up to 75% of the amount available in their PF account.

12 Jul 2021

PF Withdrawal: Avoid THESE mistakes while taking out money from EPF account

The EPFO has given an option to withdraw a portion of money in the event of the COVID-19 crisis or unemployment. PF is a fund that involves contributions from both employers and employees equally.

03 May 2021

Want to transfer PF online? Here is how to do it

A user can also get access to the EPF account using the UMANG app. It can further help in viewing passbooks, raise a claim and also keep track of the status of your claims already submitted, and much more. Precisely, both the employer and employee are needed to give 12 percent of the employee’s basic salary.

20 Apr 2021

Are you COVID positive? Here’s how to take PF loan for its treatment

The norms by the Employees’ Provident Fund Organisation (EPFO) revealed that employees are well within their rights to withdraw money for a medical emergency, construction or purchase of a new house, renovation of the house, repayment of home loan, and wedding purposes. To withdraw money for COVID-19 treatment, a person needs to get it under the medical emergency for spouse, or member or parent or children. An employee is eligible to get six times the monthly salary or employee’s share with interest (whichever amount is lesser) from the EPF for medical treatment including that of COVID-19.

income tax return filing

29 Mar 2021

ITR filing: Avoid last moment rush, follow I-T department's advice

Income Tax India further warned that ITR filing post-March 31 will see late fee charges and it has urged the taxpayers to complete the exercise at the earliest to avoid interest fees. Apart from this, a person can file their income tax returns through incometaxindiaefiling.gov.in and taxpayers can also call on 18001030025 in case of any query or if they face problems while filing their return. Also, from April 1, one’s investment in an EPF account will be fully exempted from the income tax.

Income tax filing

28 Mar 2021

Have you filed your ITR 2021? Here’s what Income Tax Department has to say

Income Tax India also said that ITR filing post-March 31 will see late fee charges and it has urged the taxpayers to complete the exercise at the earliest to avoid interest fees. Besides that, a person can file their income tax returns through incometaxindiaefiling.gov.in and taxpayers can also call on 18001030025 in case of any query or if they face problems while filing their return. Also, from April 1, one’s investment in an EPF account will be fully exempted from the income tax.

21 Feb 2018

Will EPFO retain 8.65% interest on provident fund for 2017-18? Decision likely today

The EPFO had announced this rate on deposits for 2016-17, a tad lower than 8.8 percent in 2015- 16.

12 Feb 2018

EPFO may retain 8.65% interest rate for FY18: Sources

The EPFO had announced 8.65% rate of interest on deposits for FY17, a tad lower than 8.8% in FY16.

22 Sep 2017

Now, subscribers need not file separate form for EPF transfer claims

Now, at the time of joining new employer, the employees' can give details of their previous EPF account in new composite F-11 form to give declaration about their details.

29 Apr 2017

You can withdraw EPF for treatment without medical certificate

Over four crore members of the retirement fund body EPFO can now withdraw funds from their EPF account for treatment of illness and purchasing equipment to deal with handicap without medical certificates.

16 Nov 2016

EPF accounts: Now earn interest on inoperative A/Cs

The government has relaxed the "inoperative" accounts wherein it paves the way for retirement fund body EPFO to pay interest for such accounts.

24 Apr 2016

EPFO to launch system for discouraging premature withdrawals

Retirement fund body EPFO plans to launch 'One Employee One EPF Account' system on May 1 to dissuade premature PF withdrawals and encourage state governments to join its pension system.

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