Even after switching jobs or taking a career break, your Provident Fund account continues to earn interest. EPFO regulations ...
After you leave your job, your PF account is considered active for the next 36 months. After this period ends, the account is marked as inoperative. However, the 'inoperative' account does not mean ...
One of the important aspects many subscribers overlook is the concept of an “inoperative” account. After leaving employment, ...
Employees often end up with multiple Universal Account Numbers due to data mismatches or onboarding issues. This can lead to ...
Today, almost every salaried individual has money deposited into their Provident Fund (PF) account. These funds are typically ...
The Employees’ Provident Fund Organisation (EPFO) credits interest to your existing PF balance every year, and this continues ...
Failing to transfer your EPF when you change jobs can cost you tax benefits, pension eligibility, and lakhs through lost compound interest. Here's everything you need to know about EPF transfers and ...
In addition, EPF balances will be accessible via UPI-enabled platforms, allowing quicker transfers directly into bank ...
For an EPF account, UAN operates like a permanent number and remains valid throughout the life of a member, irrespective of change in employment. For any kind of services related to your employees ...
The Employees’ Provident Fund (EPF) is a key component of full-time employment in India. Both employees and employers contribute 12% of basic salary to the EPF account. While contributions are ...
Every employee has to contribute a minimal portion of their basic salary to EPF and importantly, there comes a need to transfer the account too. The regulator EPFO gives one permanent UAN id for every ...
In a major reform aimed at simplifying provident fund (PF) transfers, the Employees’ Provident Fund Organisation (EPFO) has revamped the Form 13 software functionality, a move expected to benefit over ...