An account holder can withdraw a partial amount from the PF account before their retirement. Before withdrawing the money, the account holder must check their PF account balance. The balance can also be checked through SMS.
The Employees' Provident Fund Organization (EPFO) offers an online withdrawal option, allowing you to access funds from your PF account without requiring your employer's approval. Here's what you need to know.
EPFO provides the option to withdraw funds online. Here’s what you need to know about the steps for online Provident Fund (PF) withdrawal, required documents, and other details.
Check PF balance: You don't need to wait until the end of the year for your employer to provide your PF statement to know your PF balance. Here are four quick ways to check your balance.
PF Income Tax Section, PF Interest Taxable: PF accounts will be split into two separate accounts. Tax will be collected from employees' contributions exceeding Rs 2.5 lakh per year in the taxable account.
EPFO has made a change in its EPF rule to allow subscribers non-refundable withdrawal of PF money. EPFO subscribers will be allowed to withdraw 75 per cent of PF balance or three months' wages, whichever is lower. EPF account holders can claim for 'advance' withdrawal via EPFO's unified portal -- unifiedportal-mem.epfindia.gov.in. Here's a step-by-step guide to withdraw EPF money citing COVID-19 outbreak.
The Union Labour and Employment Ministry has notified amendment to the Employees' Provident Funds (EPF) Scheme to allow withdrawal of non-refundable advance by the members in the event of COVID-19 pandemic.
EPF Withdrawal: Employees Provident Fund for the salaried is very valuable. For employed it works like a savings bank account as individuals a portion of salary accumulates in the account as well as provides interest. However, the interest it provides is much, much higher than what any bank savings account gives.
Central government has now relaxed norms for 'idle' employee provident fund (EPF) accounts. Now, even if an EPF account is inoperative for three years or more, it will earn an interest of 8.8 per cent, payable annually.
New Delhi: Employees’ Provident Fund Organisation’s (EPFO) today decided to provide interest on inoperative accounts from April 1, a move that is set to benefit over nine crore PF account-holders having total deposits of over
New Delhi, Jul 28: Retirement fund body EPFO is likely to start online transfer of PF accounts on changing jobs by this Independence Day on August 15, a move that would benefit over 13 lakh
New Delhi, Jan 7: Retirement fund body EPFO, which has launched e-passbook service to enable its over five crore members to access monthly update of their accounts online, is yet to update 94.13 lakh accounts.Taking
New Delhi, Dec 7: Initiating an inquiry against employers for lapses in maintaining Employee Provident Fund Organisation (EPFO) accounts would become difficult, with the retirement fund organisation imposing a time bar of seven years for
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