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VPF is an extension of one’s EPF account. Anyone can make additional voluntary contribution to his/her EPF account which is referred to as VPF
The money will be credited to your bank account within an hour of applying
From June 1, Aadhaar mandatorily has to be linked with each and every Employee Provident Fund (EPF) account. If it is not done, the employer’s contribution to the EPF account would be stopped. They would be unable to file Electronic Challan cum Return (ECR) for EPF accounts that are not seeded with Aadhaar. On June 1, EPFO […]
Members who have already availed of the first Covid-19 advance can now opt for a second advance, the ministry of labour and employment said
It offers an interest rate of 8.5%, 140 basis points higher than PPF
Under the EPFO’s Employees’ Deposit Linked Insurance (EDLI) scheme, all surviving dependent family members of the members of this scheme are eligible to avail benefits of EDLI in case of death in harness of the member
The employment debate in India is perhaps haplessly one sided and only talks about problems and not the solutions
The account has a validity of 15 years and the subscriber needs to deposit a minimum of Rs 500 every financial year to keep the the account active
There are two separate Provident Fund trusts in erstwhile Air India and erstwhile Indian Airlines, which are governed by the 1925 Provident Fund Trust Act
PPF still attracts one of the highest interest rates among guaranteed-return schemes