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BIG Pension Related Relief For EPFO Members From 1 January 2025; To Get Pension Money From Any Bank, Any Branch –Check Details | Personal Finance News

New Delhi: In a huge relief to lakhs of pensioners, the Centralized Pension Payments System (CPPS) for Pension under EPS 1995 has got government approval. Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF has approved the proposal for a Centralized Pension Payment System (CPPS) for Employees’ Pension Scheme, 1995.  The […]
ABHISEK RAJPUT
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Boost to EPFO: 27 Establishments Surrender Exemption, Contributing Rs 1,689 Crores in Past 2 Years | Economy News

New Delhi: In the past two years, 27 establishments have surrendered their exemption, adding about 30,000 employees and an amount of Rs 1688.82 crores to the Fund under the Employees’ Provident Fund Organisation (EPFO). Due to improved services, more establishments are surrendering their exemptions granted by EPFO, asserted the Ministry of Labour and Employment in […]
ABHISEK RAJPUT
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EPF Withdrawal Update: EPFO Discontinues Covid-19 Advance Facility – Check Details | Personal Finance News

New Delhi: The Employees’ Provident Fund Organisation (EPFO) has announced that it will no longer offer Covid-19 advances. In a statement, EPFO said,  “As Covid-19 is no more a pandemic, the competent authority has decided to discontinue the said advance with immediate effect. This will be applicable to the exempted trusts also and accordingly may […]
ABHISEK RAJPUT
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EPFO Introduces New Rules For Cheque Leaf And Bank Passbook Uploads: Here’s All You Need To Know | Personal Finance News

New Delhi: The Employees Provident Fund Organization (EPFO) has announced a change in the requirements for uploading a validated bank passbook image or cheque leaf while filing certain claims online. How does EPFO verify claims? To verify claims EPFO uses verification methods instead of requiring a validated bank passbook or cheque leaf image. These methods […]
ABHISEK RAJPUT
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EPFO Officials Meet EPS-95 NAC Members To Discuss Higher Pension, Other Demands | Economy News

New Delhi: A delegation of pensioners’ body EPS-95 National Agitation Committee on Tuesday met with senior officials of the Employees’ Provident Fund Organisation to press for their long-standing demand for a minimum monthly pension of Rs 7,500. The members also demanded full medical coverage for EPS members and their spouses, the EPS-95 National Agitation Committee […]
ABHISEK RAJPUT
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EPFO: New Software, Portal To Simplify Process Of Surrendering Exemptions To Be Launched Soon | Personal Finance News

New Delhi: The Ministry of Labour & Employment a new software and portal will be launched shortly to simplify the process of surrendering exemptions. In a release, the Labour Ministry said, “In an effort towards standardizing procedures, EPFO has, for the first time, published elaborate Standard Operating Procedures (SOPs) and manuals encompassing all procedures relevant […]
ABHISEK RAJPUT
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PF Withdrawal: 5 Cases Where TDS Is Not Levied On Withdrawal From Employees Provident Fund Scheme | Personal Finance News

New Delhi: Provident Fund (PF) is one of the safest investment instruments for lakhs of working-class professionals. The amount deposited in the EPF account of an investor can be withdrawn at the time of retirement, resignation and other emergency circumstances.  Only in the case of resignation from service (not superannuation) a member has to wait […]
ABHISEK RAJPUT
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