Many of us are unaware that EPF Withdrawal or Advance for Medical Expenses is very much possible. Earlier the rules are bit strict. Now the rules are eased for all members. Let us see how to use this option.During this new updates, EPFO not changed all the rules. But removed only a few clauses … [Read more...]
How to withdraw EPF and EPS online?
On 1st May 2017, EPFO announced the launch of the facility to withdraw EPF and EPS online. Let us see the procedure and conditions of online EPF withdrawal facility in detail.As of now, it is a tedious task to apply for withdrawal. The process involved physical application to move from one … [Read more...]
EPF withdrawal for house, flat or construction of property
EPF changed certain rules in relation to EPF withdrawal for house, flat or construction of property. These rules will come into effect from 12th April 2017. These changes are called as Provident Funds (Fourth Amendment) Scheme, 2017.I already wrote a detailed post on EPF partial withdrawal … [Read more...]
How to link Aadhaar to EPF using online and offline?
EPFO now made it mandatory to link Aadhaar to EPF. Earlier there was an option to update it online only. However, now they started offline facility also.Do remember that the deadline to link Aadhaar to EPF by employees and pensioners is extended to 30th April 2017. Why have we to link Aadhaar … [Read more...]
PPF, Sukanya Samriddhi, NSC, KVP Interest Rates April-June 2017
Today Government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates April-June 2017. Let us see the changes applicable with effective from 1st April 2017.Earlier the interest rates used to be announced on yearly once. However, now from 2016-17, the rate of interest … [Read more...]
How to move or transfer from EPF to NPS?
Based on the Budget 2016 proposal, PFRDA came out with the procedure of how to move or transfer from EPF to NPS. It is a one-time process and now you can get rid of EPF and move to NPS easily.If you are the EPF or Superannuation contributor, then you can now move to NPS (ONE TIME) without any … [Read more...]
EPF Composite Claim Form in Death Cases – Single Form to Claim EPF, EDLI and EPS
Recently EPFO launched EPF Composite Claim Form in Death Cases, which a claimant in case of the death of employee can be used to claim EPF, Insurance (EDLI) and for a monthly pension in case of EPS.Last week, the EPFO Launched the EPF Composite Claim Form as a single form to claim all types of … [Read more...]
EPF Composite Claim Form -Single form to withdraw EPF without employer
EPFO recently introduced the EPF Composite Claim Form. This is a single form for all types of withdrawal (including partial or advance withdrawal) with or without employer signature.Last year, EPFO introduced the UAN based EPF and EPS withdrawal forms to simplify the process (New EPF Withdrawal … [Read more...]