-
According to the data, 4,19,91,334 new subscribers have subscribed to the Employee Provident Fund (EPF) scheme
-
Here’s how you can withdraw your EPF online
-
The number of new subscribers is based on Universal Account Numbers or UAN generated in the system
-
Over 5 crore person already invested and getting good returns
-
In case of death during active service, the family or nominee needs to fill form 5IF and submit it along with death certificate and few other documents
-
PPF contribution must be locked in for 15 years. However, if you want to invest for a longer period of time, you can do so by extending your account for a block of five years
-
This scheme covers all active members of EPFO. For availing the insurance cover, employees need not contribute any amount
-
Unlike withdrawals for other reasons where you have to serve a minimum of years of service, there is no lock-in period for EPF withdrawal for Covid purpose
-
While the new labour laws effectively increase the Gratuity bonus, the rejig in the salary structure will reduce the take-home salary
-
The provisional payroll data of EPFO highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021