According to the new rule, Aadhaar has to be mandatorily linked with each and every Employee Provident Fund (EPF) account.
The entire maturity sum can be withdrawn from EPF account on maturity. In NPS, it is mandatory for 40% of the matured amount be invested in annuities
e-SHRAM portal launch: The government aims that the benefits of social security schemes will reach all the unorganized workers in the country.
Nirmala Sitharaman announced that the government will pay the provident fund share of employer and employee till 2022.
Of the total 12.83 lakh net subscribers added in June, around 8.11 lakh have come under the social security coverage of EPF scheme for the first time
Employee Provident Fund Organisation members will not get Covid 19 advances, insurance benefits, and many other facilities from September 1.
There is an addition in net payroll in each month of the financial year 2020-21, except for the months of April and May 2020
EPFO has received Rs 57,846 crore as contribution from its subscribers in the first quarter of this fiscal
According to CMIE data, 67% of all men of the working age group are employed, whereas only 9% of all women of working age are employed.
The EPFO data has revealed that almost half of the formal sector jobs created in May were in security agencies, small contractors, cleaning services.