One can withdraw from EPF prematurely in some specific situations. Following are the situation in which you can withdraw from EPF subject to conditions mentioned against them: Medical treatment for Self or family (spouse, children, dependent parents). Conditions: For major surgical operations or for TB, leprosy, paralysis, cancer, mental or heart ailments. The maximum amount…
Like PF balance, EPFO provides the facility to know the claim status for PF withdrawal. This facility was started on 18th Apr-11. To know claim status, just visit http://www.epfindia.com/ClaimStatus_New.html Click on the link given at the bottom of the page. You will get the webpage like this. Now, select your State and PF Office. Enter…
EPFO provides the facility to know the balance in your EPF account. This facility was started on 1st Jul-11. To know your balance, just visit http://www.epfindia.com/MembBal.html. Click on the link given at the bottom of the page. You will get the webpage like this. Now, select your State and PF Office. Enter your PF no.,…
EPFO vide its notification dt. 2nd Mar-15 has reduced the PF administrative charges from 1.10% to 0.85% of the pay. This change will be effective from 1st Jan-2015. Must Read : Some facts about EPF : EPF Facts 1 – Nomination and Insurance Facility …
RBI vide its circular dt. 11th Mar-2015 has provided following two forms: Account Opening Form Passbook Format Must Read : Sukanya Samriddhi Account – Features : Banks Authorised by RBI for Sukanya Samriddhi Account : Sukanya Samriddhi Account – Govt. Notification : Sukanya Samriddhi Account…
On 11th Mar-2015, RBI has issued a circular to authorize 28 banks to open the Sukanya Samriddhi Account. RBI has also asked these banks to follow rules and regulations provide in the notification. Click here to read circular. List of Bank Authorized by RBI is as follows: S.No. Authorised Banks 1 State Bank of India…
Opt of EPF If a person’s salary is less than INR 15,000, he has an option to opt out of PF. But he will have to opt out of it at the time of joining the job. Once the contribution to PF has started, you cannot opt out of it unless you leave that job.…
Kisan Vikas Patra (KVP) is an investment scheme which was first launched by Govt. of India in 1988. Its objective is to encourage small savings for longer period. A person having even INR 1,000/- can invest in KVP. Its features are: KVP can be purchased in the denomination of INR 1000, 5000, 10000 and 50000.…
Following banks are authorized to open Sukanya Samriddhi Account as on date: Allahabad Bank Andhra Bank Bank of Baroda Bank of India Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Punjab National Bank State Bank of India UCO Bank United Bank Besides the above, Post Offices are also authorized…
Sukanya Samriddhi Account has been launched by Govt. of India this year in January. This scheme is for minor girl child upto the age of 10 years. It has very attractive features. You can read through the features in my previous post – Sukanya Samriddhi Account – Features. But just now I noticed one think…