PPF Account is considered as one of the favorite investment for many of us as it gives tax benefits and also the safety mentality. However, many of us open PPF in our name, minor kids name and also in wife name. But hardly few know what are the rules, tax benefits and tricks you can use with PPF … [Read more...]
Interest on Inoperative EPF Accounts up to 58 Yrs of age
Many of us have the confusion of what is inoperative EPF accounts and how long the EPFO will credit the interest rate. For this, EPFO comes out with clarification about interest on inoperative EPF accounts. Let us see the rule. What is the meaning of Inoperative EPF Account? Before jumping into … [Read more...]
How to transfer EPF online using EPF Unified portal?
Effective from 27th May 2017, you can now transfer EPF online using EPF Unified portal. Earlier option of using OTCP (Online Transfer Claim Portal) is no more in use now. Hence, let us understand the process.As I pointed above, earlier there was a separate portal meant for requesting online … [Read more...]
EPF Withdrawal or Advance for Medical Expenses
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...]