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EPF ACCOUNT SWITCH
NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscapeIndia's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...
Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fastSmall errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact you...
Thinking of withdrawing EPF for misuse? EPFO warns it can lead to recovery under EPF schemeThe EPFO warns against misusing withdrawn EPF amounts, stating it can lead to recovery with penal interest under the EPF Scheme, 1952. EPF ...
EPF interest rate: Will you lose higher interest on EPF if you don't transfer your EPF account from old to new employer?Indian salaried individuals should transfer their EPF accounts upon changing jobs to continue earning interest. Neglecting this transfer ca...
Relief for EPF members: No documents required in new simplified process by EPFO to update these profile related detailsEPF Members can update details such as name, date of birth, gender, nationality, father or mother's name, marital status, spouse's name, jo...
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted tr...
Automatic EPF account transfer from old to new job: How EPFO's facility worksAutomatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from th...
The unintentional tax-saving investment that most salaried employees doEPF as tax-saving investments: If you're a salaried employee and is/planning to opt for old tax regime for current FY 2023-24, then Employe...
EPFO gives relief to these EPF members from submitting joint declaration formEPFO Joint declaration form submission: EPF scheme rules require mandatory submission of this form if an EPF member wants to contribute on ...
How to transfer EPF account from EPFO to employer’s EPF trust and vice versaWhile changing jobs, it may happen that your new employer runs a private EPF trust whereas old employer used to deposit the EPF money with ...
Don't forget to take this EPS pension certificate after leaving your current jobWhen an employee switches or leaves his/her current job, then one should transfer their exisitng EPF account with the new employer (provide...
How to merge two or more EPF accountsIf an individual has multiple UANs, then it's important that the individual mergers all his/her UANs so that balances from the old EPF acco...
How to activate UAN for your EPF accountTo access various services such as updating nomination details, making a withdrawal etc. on the EPFO's member sewa portal, your Universal A...
Withdrawing money from EPS account: All you need to knowThe Employees' Provident Fund (EPF) corpus also has a pension component, kept in the Employees' Pension Scheme (EPS) account. Here is a loo...
What happens to your EPS account when you transfer your EPF account?According to EPF rules, 8.33 percent of the employer's contribution is diverted towards EPS account.
Govt plans to amend EPF: Allow switch from EPS to NPS, protect PF dues in case of bankruptcyHere is a look at the three major changes proposed in the EPF Act as per the draft bill.
Don’t be in a rush to make EPF-NPS switch: ExpertsThe proposal to switch from EPF to NPS was announced in last year’s Budget. This year’s Budget has extended a one-time tax exemption to suc...
EPF members could soon switch to NPS, but experts say don’tOnly this time the govt may be unfairly targeted because switching rules it has framed for EPF and NPS are quite flexible and subscriber-fr...
Budget 2016 impact: Younger subscribers worst hit by EPF taxOlder subscribers to employees’ provident fund who have periodically dipped into their corpus will also see a big chunk of their savings go...
- Is it good to have multiple PF a/cs?
Job hopping does get you a fatter pay packet, but don’t forget to carry your provident fund account along.