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EPS PENSION ACCOUNT
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when neededEmployees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This ...
Withdrawn your entire EPF balance after a job switch?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...
EPFO member alert: Your nominee may lose provident fund, pension, other benefits if you make this little mistakeEPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family membe...
Minimum EPS-95 pension increased to Rs 7,500? EPFO says thisA letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has increased to Rs 7,500 monthly. The ...
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...
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...
EPFO may raise minimum pension under EPS-95; settles 83.1 million claims in 2025-26Labour and employment minister Mansukh Mandaviya, Wednesday, said that the Employees’ Provident Fund Organisation (EPFO) settled 6.103 mill...
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...
Laid off or lost your job? Use 75% EPF amount while rest 25% compounds @8.25% - Check EPFO withdrawal rules in case of unemploymentWhile members are entitled to take out up to 100% of their eligible EPF balance, including both employee and employer contributions, there ...
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...
Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal a...
Higher EPS pension: Will pensioners' arrears get adjusted against higher contribution dues from them? EPFO answersThe Employees' Provident Fund Organisation (EPFO) has issued revised FAQs on higher EPS pension on December 13, 2023. The newly added FAQ a...
How to deposit payment for higher EPS pensionThe most recent circular from the Employees' Provident Fund Organisation (EPFO) was published on May 11, 2023, and it clarifies how past-du...
Higher EPS pension: How missing dues will be calculated, time limit and method to pay - clarifies EPFOThe latest EPFO circular issued on May 11, 2023, informs pensioners/employees about the method of calculating past dues that must be deposi...
How employees can submit joint application for higher EPS pension sans documents post Kerala High court orderEmployees who are eligible to apply for higher pension under the Employees' Pension Scheme (EPS) are confused about how they can submit joi...
Can you claim higher pension from EPS if you were not contributing to EPF account in 2014?The Supreme Court has allowed employees to apply for higher pension under EPS if they were members on September 1, 2014. However, there may...
When is EPS pension credited into pensioner's bank account?The EPS ensures that private sector employees receive a pension once they reach the age of 58 years. The employee and employer each contrib...
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.