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EPF EPS DIFFERENCE
Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if...
EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HCThe Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Providen...
From Rs 17 lakh education loan to Rs 50 lakh net worth in 4 years: Can you replicate this Reddit success story?A 29-year married Reddit user has shared his story of how, just four years into his job, he not only paid off his education loan but also c...
Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly...
PF withdrawal issues? Fix these EPS errors to avoid PF claim rejection and pension loss
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...
Here’s how to fix errors in EPS records now to avoid PF claim rejection, pension lossIf you spot discrepancies in your EPS contributions, take immediate corrective measures or face rejection in EPF withdrawal or transfer cla...
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?EPFO is set to launch EPFO 3.0, enabling UPI withdrawals and simplifying fund access for members. New rules consolidate withdrawal provisio...
Minimum EPS pension of Rs 1,000 must be hiked: Congress’ Jairam Ramesh criticises government’s inaction despite committee’s recommendationsJairam Ramesh, who held different ministries during the United Progressive Alliance (UPA) government, came down heavily on the current gove...
What is the difference between retirement schemes EPF and EPS?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 7...
How to download EPFO’s Excel calculator for higher EPS pensionEmployees can now determine how much they must contribute in order to obtain a higher pension from the Employees' Pension Scheme (EPS).
Higher EPS pension calculator: How to use it, calculate the amount payable for higher pensionThe Excel calculator released by the EPFO on the Member Sewa portal will help an employee to know how much of the past contributions he/she...
EPFO launches calculator for higher EPS pension additional contribution after much delayThe Employees' Provident Fund Organisation (EPFO) launched an excel based calculator for eligible employees to calculate the dues that they...
Worked for more than 20 years under EPF scheme? You will get this as bonus for pension calculationMany employees diligently make contributions to EPF account so that they can have good corpus at the time of retirement. Further, if they a...
You have very limited choice as to who gets your EPF, EPS, EDLI in case you dieIf you will your EPF and EDLI money to anyone other than the defined 'family' members, then the nomination made in the scheme would overrid...
EPF Nomination Rules: Getting married makes your EPF, EPS nomination invalidAs per EPF scheme rules, once you get married the previous nomination made by you automatically becomes invalid in your PF and EPS account.