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PF COVID ADVANCE
Non-refundable Covid advance no longer available under EPFOAccording to an EPFO circular dated June 12, since Covid is no longer a pandemic, the competent authority has decided to discontinue the sa...- EPFO retires Covid advance facility, move may impact consumptionAccording to experts, the move may impact consumption as much of the Covid advance was being used for discretionary purchases and other exp...
- EPFO disburses Rs 48,000 crore Covid advance to over 22 million subscribers in 3 yearsAs per the draft Annual Report 2022-23, EPFO disbursed Rs 17,106.17 crore in 2020-21 benefitting 6.92 million beneficiaries, Rs 19.126.29 c...
- What is EPF scheme and how to calculate PF balance?The Employees' Provident Fund (EPF) is a scheme in which retirement benefits are accumulated. Under the scheme, an employee has to pay a ce...
- Union Budget 2022: Make life less taxing with these tipsBased on a trust-based governance mechanism, the Finance Bill has now allowed taxpayers to file an updated return within two years from the...
- What are the services EPF member can avail on UMANG app?Unified Mobile Application for New-age Governance (UMANG) is a mobile app developed by the Government of India as part of the Digital India...
- EPF withdrawal: How to file Covid-19 claim using Umang appYou can get a non-refundable withdrawal up to three months' worth of basic pay and dearness allowances, or up to 75 percent of the balance ...
- EPF withdrawal due to coronavirus: 20 questions answered by EPFOEPFO has issued the set of FAQs to help the employees who want to withdraw money from their EPF account to meet the financial emergency ind...
- EPFO settled close to 150 lakh claims during this fiscal, disbursing over Rs five lakh croreAs per the statement, EPFO has settled 47.58 lakh COVID-19 advance claims till October 31, 2020, disbursing an amount of Rs 12,220.26 crore...
- EPFO settles 94.41 lakh claims worth Rs 35,445 cr during April-AugustRetirement fund body EPFO has settled 94.41 lakh claims totalling Rs 35,445 crore during April-August despite COVID-19 related restrictions...
- EPFO adds 1.39 crore subscribers in last two fiscals"Recently published provisional payroll data by the EPFO highlights the ever growing trend of increasing subscriber base for EPFO, since th...
- EPFO updated KYC data for 52.62 lakh subscribers in April, MayThis includes Aadhaar seeding for 39.97 lakh subscribers, mobile seeding (UAN activation) for 9.87 lakh subscribers and bank account seedin...
- How to make EPF withdrawal claim onlineTo apply for claim online, an EPF account holder should satisfy three conditions. Also as per amended EPF rules, members can now withdraw f...
- Lockdown: EPFO not charging penalty from cos for delay in payment of provident fund duesEarlier on April 30, the EPFO allowed employers to file monthly EPF returns without making simultaneous payment of dues, which gave a relie...
- 8.2 lakh workers dip into retirement savings to survive in lockdownClaims settlement involves disbursal of total amount of Rs 4,684.52 crore which includes Rs 2,367.65 crore COVID claims under the PMGKY pac...
- EPFO settles Rs 7.40 lakh COVID-19 claims under PMGKY entailing an outgo of Rs 2367.65 crore"222 private sector establishments disbursing Rs 338.23 crores to 54,641 beneficiaries, 76 public sector establishments disbursed Rs 524.75...
- Exempted PF trusts disburse over Rs 481 crore under PM Garib Kalyan YojanaUnder the scheme, notified on March 28, members can avail non- refundable withdrawal to the extent of the basic wages and dearness allowanc...
- 3.31 lakh PF withdrawal claims processed in 15 days: EPFOGovernment had notified the special withdrawal provision from the EPF Scheme on March 28 to tide over the COVID-19 pandemic as part of the ...
- EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woesThe system as it stands today is processing all applications which are fully KYC (know your customer) compliant within less than 72 hours.
- EPFO to accept Aadhaar as birth proof online from subscribersEPFO has instructed field offices to expedite disposal of online requests, enabling PF members in financial distress, to apply online for a...
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