EPFO Circular 2020: Priority Claim Settlement Clause Issued to PF Offices

EPFO

EPFO along with the Ministry of Employment and Labor issued a new circular on 17th October 2020 with an important update. Now, if you’re some who has been a part of the Provident Fund scheme then it’s important for you to know about the new notification. The new circular was released in was subjected “Settlement of death claims on priority basis in the industrial incident, etc.”. Now, the subject line might have not given that much light to the topic at hand but let’s explain it to you further on.…

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No PF deduction from salary for three months

Provident Fund

The government of India is trying its best to support citizens in these tough times of lockdown. Amongst a series of benevolent steps taken by the government, now employee’s contribution towards PF will not be deducted from their salary for the next three months, provided the employers to fulfill certain conditions. Similar steps have been taken up by the government to help and support those who are below the poverty line, and daily wagers. Like, early withdrawal of funds from APY has been permitted, advance pension for three months also…

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UAN activation is a must for online withdrawal of PF

UAN activation for PF

Provident Fund (PF) can be withdrawn after retirement or after two months of unemployment. For online withdrawal of PF, it is necessary to have UAN activated, linked with Aadhar and a bank account. The retirement fund body has recently enabled employees to generate UAN without the involvement of their employers.  Employees’ Provident Fund Organization (EPFO) also allows partial withdrawal of PF during the service period and even permits non-refundable advance under specific conditions. An employee can partially withdraw PF citing specific conditions such as illness, marriage, buying house, education, etc.…

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