If this proposal is passed, it will provide relief to more than 7 crore active EPFO members working in the organized private sector. Moneycontrol’s report says that the central government is considering easing the rules for withdrawal of money by members after completing 10 years of service.

This is being considered keeping in mind those people who want to retire early. In such a situation, instead of waiting till 58 years, they can claim the entire PF amount as soon as they retire.

Why is this change necessary?

Till now, the entire amount could be withdrawn from EPF only when an employee retires at the age of 58 years or remains unemployed even two months after leaving the job. But there are many people who want to change their career at the age of 35 to 40 years or are unable to do a regular job due to some reason. In such a situation, this change will be very helpful for them.

EPFO made these changes 

• There will be a facility to withdraw up to Rs 1 lakh instantly from EPF account through UPI or ATM. This will make it easier to withdraw money in an emergency. 
• Earlier, claims up to Rs 1 lakh were settled automatically, but now this limit has been increased to Rs 5 lakh. Verification will not be required for this. 
• To simplify the process, EPFO has reduced the number of documents required for claim verification from 27 to 18. Due to this, this process is now completed in 3-4 days. 
• Now 90% amount can be withdrawn from PF account, if 3 years of service is completed and that money is to be used for down payment or EMI of house. 

It is worth noting that the government keeps making changes from time to time regarding withdrawal from EPF account, so that the private sector employees get a simpler process. These changes have also been made so that employees can use their money without any hassle in times of emergency. Let us tell you that 12 percent contribution in the PF account is given by the employee and 12 percent contribution is given by the employer. 

The post EPFO Likely to Modify PF Withdrawal Rules: How It Will Affect You first appeared on Rightsofemployees.com.

The Employees Pension Scheme (EPS) was started by EPFO ​​on 16 November 1995. It has replaced the Employees Family Pension Scheme 1971. However, there are some conditions for this. Let’s know its complete process…

Pension will be available after 10 years of service

EPS is a pension scheme, which is managed by EPFO . Existing and new EPF members are included under this scheme. There is only one condition to avail the benefits of this scheme, which the employee has to fulfill. According to the rules of EPFO, any employee becomes entitled to get pension after working for 10 years. However, this pension is available after completing the age of 58 years.

How is money deposited in PF account?

If you work in the private sector, 12% of your salary goes into your PF account. Your company also contributes the same amount, but 8.33% of it goes into the pension fund and the remaining 3.67% goes into the PF.

Will you get pension if there is a job gap

If you work for 10 years, you will be entitled to pension. Now the question arises that if a person loses his job in between and then gets a job again. Due to which there is a gap, will he get pension in such a situation? The rule in this regard says that pension is given after completing a period of 10 years. If the employee has not changed the UAN number, then he will be entitled to pension. There should be 10 years of job with the same UAN number. With this, the money deposited in the PM account will be visible in the same UAN.

Make sure to get a pension certificate

There is another option if you left the job 10 years ago. If you wish to work again in the future, do not forget to take the pension scheme certificate. In such a situation, whenever you join a new job, you can link your previous pension account to the new job through this certificate.

Most Read Articles:-

• Toll Annual Pass: Nitin Gadkari Plan Annual Pass Provides More Benefits to Drivers – Key Details inside

• Toll Rate Cut: Government Has Reduced Toll Charges by up to 50 Percent. All You Need to Know

• DME Traffic Update: Delhi-Meerut Expressway will remain closed for 5 days, Know all details

• Tax Benefit in UPS: Government has announced more benefits in UPS for central employees. Details Here

• Banking rules changed from July 1, from ICICI to HDFC and Axis Bank increased the charges

The post EPFO Rule: You will Get Pension After Working for 10 Years, Know Other Benefits first appeared on Rightsofemployees.com.

Let us tell you that EPFO ​​has extended the deadline for activating UAN and linking bank account with Aadhaar to January 15, 2025. Earlier the last date for activating UAN was November 30, 2024, which was later extended to December 15, 2024.

What is ELI Scheme

Let us tell you that the government had announced the ELI scheme in Budget-2024. This scheme includes 3 types of schemes, A, B and C. The aim of all three schemes is to promote employment generation and provide financial assistance to new employees.

How to activate UAN number

• First of all go to EPFO ​​website epfindia.gov.in.
• Now click on For Employees in the Services section visible on the left.
• Click on Member UAN Online Service OCS OTCP appearing at second place in the Services column on the left.
• After this click on Activate UAN.
• Now fill the 12 digit UAN and Aadhaar number, name, date of birth, Aadhaar linked mobile number, captcha code etc.
• After this, click on the declaration check box given below. Now click on the Get Authorization Pin button visible below.
• Now enter the OTP and click on submit button.
• In this way your UAN has been activated.

The post EPFO members should complete this work related to EPFO ​​by 15 January, or else… first appeared on Rightsofemployees.com.

ATM cards will be provided to EPFO ​​members

In case of any emergency, EPFO ​​members will be able to withdraw money up to a fixed limit. The Union Minister said that after the launch of EPFO ​​3.0, ATM cards will be provided to EPFO ​​members. He said that the first phase of upgrading the website and system under IT System 2.01 will be completed by the end of January 2025. After this, there will be no problem in withdrawing money from the PF account due to mistake in the name or any other reason. He claimed that by May-June the entire system of EPFO ​​will start working like a bank.

EPFO data is being centralized

Under IT System 2.01, all the data of EPFO ​​is being centralized. Talking to journalists, he said that currently PF account holders have to face many problems while withdrawing money. But after the system upgrade, problems like mistake in name, Aadhaar and bank account number not being updated and PF of old company not being transferred will not be faced. After the system upgrade is complete, many types of work including PF withdrawal will be done easily. After this, it will not take much time to catch the mistakes and correct them.

Employment increased in NDA government compared to UPA government

Countering the opposition’s allegation of rising unemployment in the country, Mandaviya claimed that employment has increased in NDA government compared to UPA government. He said that employment in the country has increased by 36 percent in the last 10 years to 64.33 crores in 2023-24. Whereas in 2014-15 it was 47.15 crores. He said that under the UPA government, employment had increased by about 7 percent between 2004 and 2014. He said that during the UPA government, only 2.9 crore additional jobs were created between 2004 and 2014, while under the Narendra Modi government, 17.19 crore jobs were added between 2014-24.

Related Articles:-

Budget 2025: Big relief expected…Government may pull out income tax on Bank FD, Details Here

Don’t Miss Out! Air India New Year Sale. Flight ticket fares starting from just ₹1,448

PPF Interest Rate: You will get this interest on PPF from January to March 2025, check the interest rate

The post EPFO members will be able to withdraw money up to a fixed limit from ATM even in any emergency first appeared on Rightsofemployees.com.

With the new year, there will be many major changes related to personal finance and banking. Things that will change from January 1, 2025 include LPG prices, new facilities for UPI users and new facilities for EPFO ​​members. It is important for you to know about these changes that will take place from January 1, 2025, because not being aware of these changes can lead to missing important deadlines, due to which you may be deprived of the benefits of some schemes.

Let’s know what changes are going to happen in the banking sector to the personal finance segment and which changes will directly impact you…

LPG price changes:

The government changes the prices of LPG cylinders at the beginning of every month and in the last few days, there has been a fluctuation in the prices of 19 kg commercial LPG cylinders. The price of 14 kg subsidized cooking gas cylinders has been stable for a long time. It is expected that there will be a change in the prices of LPG cylinders at the beginning of the new year.

ATM facility for EPFO ​​members

Over 7 crore employees registered with EPFO ​​may get a special gift on New Year. It is possible that the central government may issue ATM cards to withdraw money from EPFO ​​like regular debit cards. According to a senior official of the Union Ministry of Labour and Employment, in a statement, the government is in the process of enhancing its IT systems to provide better services to the employees of the country.

UPI limit to be increased for feature phones

The Reserve Bank of India (RBI) has recently extended the UPI facility for feature phones that do not have internet connectivity. The UPI 123Pay facility enables feature phone users to make payments up to Rs 5,000 through UPI, but now this limit has been increased to Rs 10,000 and this change will be effective from January 1, 2025.

Changes in Fixed Deposits

RBI has changed the fixed deposit rules for non-banking financial companies and housing finance firms. The new FD rules will be applicable from January 2025.

Sensex, Bankex, Sensex 50 Monthly Contract Expiration Date

The expiration date of Sensex, Bankex and Sensex 50 index derivative contracts will be changed from January 1, 2025. According to the BSE announcement on November 28, the Sensex weekly contracts will expire every Tuesday from Friday from January 1, 2025.

UPI payments

can be made through wallets or other PPIs through UPI from January 1, 2025. Apart from this, Indians who want to apply for visas for countries like Thailand, America, Britain etc. should be aware of the new rules. Because a lot is going to change in this too from January 1, 2025.

Related Articles:-

Post Office’s special scheme: You will earn Rs 2.54 lakh from interest alone… you will also get a loan

EPFO Rules Change: 5 big PF rules are going to change in the new year, Check all detail

Public Holiday: Government revised the list of government holidays, check the updated public holiday list

The post LPG, PF, UPI and… Big changes are going to be implemented from January 1, know in detail first appeared on Rightsofemployees.com.

However, the Ministry of Labor may increase the maximum contribution limit in the coming time. Higher contribution from the employee in EPS-95 will ensure higher pension.

Consideration on improvement in EPS-95

News agency PTI has quoted an official source as saying that the Ministry of Labor may allow the members of the Employees’ Provident Fund Organization (EPFO) to make higher contributions for higher pension. For this, the ministry is considering making amendments in the Employees’ Pension Scheme 1995 (EPS-95).

A source said that if members contribute more to their EPS-95 account, they will get more pension. Therefore, the ministry is considering options to allow more contribution to EPS.

Under this, employees may also be allowed to contribute to EPS-95 to enhance pension benefits under the revised system.

6 jobs created with ₹1 crore capex

The source said that apart from improving social security benefits, the Narendra Modi government is also focusing on job creation in the country. He said that as per estimates, a capital expenditure of Rs 1 crore creates 3 to 6 jobs.

Apart from this, the source said that major infrastructure projects worth Rs 4.19 lakh crore have been approved and it is estimated that this will create more than 1.26 crore jobs.

Related Articles:-

FD rate Changed: Axis Bank has revised the interest rate on FD! Check the latest interest rate

Income Tax December Deadline: As the year ends, taxpayers have to settle many tax related matters. Check details

Jio Netflix Plans: Netflix subscription will be available free with these plans

The post PF contribution limit: Govt can increase the maximum contribution limit, pension will increase first appeared on Rightsofemployees.com.

Let us tell you that currently 12 percent of the salary (basic salary and dearness allowance) of EPFO ​​​​members goes to the EPF account. Out of the employer’s 12 percent contribution, 8.33 percent goes to EPS-95, while the remaining 3.67 percent is deposited in the EPF account.

What is the plan

A source said that if members contribute more to their EPS-95 account they will get more pension. Therefore, the ministry is considering options to allow more contribution to EPS. Employees may also be allowed to contribute to EPS-95 to increase pension benefits under the revised framework.

The source said that apart from improving social security benefits, the Narendra Modi government is also focusing on job creation in the country. He said that according to estimates, a capital expenditure of Rs 1 crore creates three to six jobs. The source said that major infrastructure projects worth Rs 4.19 lakh crore have been approved and it is estimated that this will create more than 1.26 crore jobs.

The Labor Ministry said this to EPFO

Recently, the Ministry of Labor asked the EPFO ​​to focus on promoting IT infrastructure and capacity building preparations to launch the Employment Linked Incentive (ELI) scheme. Let us tell you that Finance Minister Nirmala Sitharaman had announced the launch of three employment-related schemes based on enrollment in EPFO ​​in the Union Budget.

Three schemes for ELI were announced in the Budget 2024-25 under the Prime Minister’s package of five schemes and initiatives. Under this, a target has been set to create employment, skills and other opportunities for 4.1 crore youth in five years with an expenditure of Rs 2 lakh crore.

Related Articles:-

Jio Netflix Plans: Good news for Jio users! These plans come with free Netflix subscription…

New Rule From 1st Dec: From LPG to credit cards, these major changes will be implemented from December 1…

Trains Cancelled: Railways has cancelled more than 70 trains on this route from 1 December to 28 February, see the full list here

The post Govt may allow EPFO members to hike EPS contribution for higher pension first appeared on Rightsofemployees.com.

After this, the way has been cleared for EPFO ​​members to withdraw pension from anywhere in the country. That is, members involved in the Employees’ Pension Scheme (EPS) can now get their pension from anywhere in the country. According to the information received, this service will start for all EPFO ​​members from January 2025 next year. After this, they will be able to withdraw their pension from any part of the country.

Mansukh Mandaviya had announced

Union Labour and Employment Minister Mansukh Mandaviya last week announced the successful completion of the pilot run of CPPS under the Employees’ Pension Scheme 1995. On the occasion, the Union Minister said that the pilot run has been completed on 29 and 30 October 2024, under which pension of about Rs 11 crore will be disbursed to more than 49,000 EPS pensioners of Jammu, Srinagar and Karnal regions for October 2024.

How will the centralized pension payment system work

Mandaviya said the approval of CPPS is a significant milestone in the modernisation of EPFO ​​and enables pensioners to receive their pension from any bank, any branch, anywhere in the country. This initiative addresses the long-standing challenges faced by pensioners and ensures a seamless and efficient disbursement mechanism. “This is a significant step in our ongoing efforts to transform EPFO ​​into a more robust, responsive and tech-enabled organisation committed to better serving the needs of its members and pensioners,” he said.

When will it start for EPFO ​​members across the country?

As part of EPFO’s ongoing IT modernisation project Centralised IT Enabled System (CITES 2.01), the new CPPS system will be fully rolled out by January 2025 and will benefit over 78 lakh EPS pensioners of EPFO. EPFO ​​is continuously working towards improving services for EPS pensioners and the new CPPS system is a major improvement in this direction. The 109th meeting of the Executive Committee of the Central Board of EPFO ​​on October 10 discussed steps to enable centralised pension payments as well as improve IT related software and hardware and noted the timelines for completion of the overhaul of the IT system. The Executive Committee is a statutory committee under the EPF Act, 1952 whose function is to assist the Central Board, EPF in discharging its functions.

Related Articles:-

Cyber Security New Rules: Government notifies telecom cyber security rules, know all new rules of DoT

Mutual Fund Investment Tips: You May Get More Than 72 Lakhs Rupees By Just Investing Five Thousand

Women are getting 7.50% interest on the capital deposited in this government scheme

The post EPF Pension Withdrawal: Good news for members! New service will start for EPFO ​​members from this date, Details here first appeared on Rightsofemployees.com.

Members of the Employees’ Provident Fund Organization (EPFO) will have to do Aadhaar-based verification to keep their Universal Account Number (UAN) active. Regarding this, the Ministry of Labor and Employment has issued instructions to employers (companies and firms). Under this, all UANs will have to be verified with the One Time Password (OTP) received on the mobile number linked with the Aadhaar number, so that EPFO ​​members can get the benefits of government-run schemes.

In the first phase, employers will have to complete the process of UAN activation through Aadhaar-based OTP for all their employees in the current financial year by November 30. After that, the verification process will have to be completed for all other employees as well. UAN activation will make it easier for employees to take advantage of EPFO’s extensive online services, allowing them to get all the information about their Provident Fund (PF) account.

Employees will get these benefits

The new system will make login easy. It will also help in viewing and downloading PF passbook, submitting online claims for withdrawal, advance and transfer. It will also be easy to update personal details and track claims. This will save employees from having to run around EPFO ​​offices. On the other hand, in the second phase, biometric authentication will be adopted through facial recognition technology along with UAN activation.

Activate UAN number like this

-First go to the EPFO ​​portal (https://www.epfindia.gov.in/). Click on the Activate UAN link under Important Links.

-Enter UAN, Aadhaar number, name, date of birth and mobile number linked with Aadhaar.

– Employees have to ensure that their mobile number is linked with Aadhaar.

– After that agree to Aadhaar OTP verification.

– Click on Get Verification PIN to receive OTP on your Aadhaar linked mobile number.

– Enter the OTP to complete the activation.

– On successful activation a password will be sent to your registered mobile number.

Activism is necessary for ELI scheme

In the Union Budget 2024-25, the government had announced the Employment Linked Incentive (ELI) scheme. To ensure that maximum employers and employees can avail the benefits of the scheme, the ministry has directed the EPFO ​​to run a campaign in collaboration with employers, under which activation of the Universal Account Number of employees will be ensured.

Three types of help will be available under ELI scheme

1. First-time job holders will be given Rs 15,000 in three installments directly into their accounts. To be eligible, their monthly salary should be up to Rs 1 lakh. About two crore youth are expected to benefit from the scheme.

2. On employment generation in the manufacturing sector, employees and employers will get financial assistance related to contributions during the first four years of employment. This is expected to benefit about 30 lakh young workers and their employers.

3. For every new employee earning less than Rs 1 lakh per month for new jobs, the government will reimburse the employer their EPFO ​​contribution up to Rs 3,000 per month for two years. This is expected to create 50 lakh additional jobs.

Related Articles:-

EPFO: Big news for employees! Government made new rules for provident fund, check details

Delhi Office Timing: Government changed the office timings of central employees in Delhi

Senior Citizens: AYUSHMAN card is being made for senior citizens above 70 years of age, know process

The post PF account will have to be verified with Aadhaar OTP, these will be the benefits first appeared on Rightsofemployees.com.

At present, any interest earned above Rs 2.5 lakh comes under tax. The objective of this initiative is to encourage low-middle and middle-income individuals to increase their savings through EPFO. This will help in raising more funds for retirement.

As per a report in Economic Times, published in Business Today, sources familiar with the matter have indicated that the Labour Ministry is currently reviewing the proposal and may discuss it with the Finance Ministry during the budget deliberations for FY26.

What is Voluntary Provident Fund?

VPF is an optional investment made by salaried employees in addition to the mandatory EPF. It can be defined as an extension of EPF that allows employees to increase their retirement savings and earn the same rate of interest as their original PF deposits. Like EPF, contributions to VPF also grow as per compound interest, as returns are released on an annual basis. It also comes under EPFO.

It is important for VPF customers to know that any withdrawal made before completing the minimum period of five years may be subject to taxation. Like EPF, VPF funds are given to the nominee on retirement, resignation or in the unfortunate event of death of the account holder.

Higher contribution gives the same interest as EPF.

Another specialty of VPF is that it is a government run scheme, in which risk is low and returns are high. The contribution made in this is more than the 12 percent contribution made by an employee in his EPFO ​​account. The maximum contribution is up to 100 percent of the basic salary and dearness allowance. Under this scheme, interest is given at the same rate as EPF.

The limit of Rs 2.5 lakh on tax-free

voluntary contributions was introduced in the FY22 budget to prevent high-income employees from using the facility to earn more tax-free interest than the interest offered by banks or fixed deposits. The move was for high-income employees who were using this facility to earn more tax-free interest than the interest offered by banks or fixed deposits.

20 lakh crore funds under EPFO

​​EPFO ​​has an average of 70 million monthly contributors, over 7.5 million pensioners and a fund of over Rs 20 lakh crore. EPFO ​​allows employees to contribute more by opting for Voluntary Provident Fund (VPF). An employee can request his employer to deduct more than the mandatory 12% contribution. The maximum contribution to VPF can be up to 100% of the basic salary and dearness allowance, with the same rate of interest as the basic contribution.

Generally, VPF falls under the exempt-exempt-exempt tax category. This means that contributions, interest and maturity proceeds are all tax-free. EPF contributions up to Rs 1.5 lakh per financial year are eligible for tax deduction under Section 80C of the old tax regime. Employees can contribute up to Rs 2.5 lakh annually to VPF without facing additional taxes. Withdrawals and maturity proceeds from the provident fund are also exempt from taxes.

VPF Interest Rates

EPFO ​​has been offering an interest rate of over 8% since FY78, reaching a peak of 12% in FY90 and maintaining that level for 11 years till FY00. The interest rate on PF savings was 8.10% for FY22, 8.15% for FY23 and 8.25% for FY24.

Saving in EPF and VPF

By investing Rs 20,833 per month in EPFO ​​and VPF, you will accumulate Rs 2.5 lakh per year. At an annual interest rate of 8.25%, you can accumulate about Rs 3.3 crore in a period of 30 years.

Related Articles:-

Traffic Challan: Govt plans system for smart payments of vehicle challans – Know the details

ITR Filing Deadline Extended: Deadline for filing ITR has been extended for these taxpayers, check new date here

School Closed on Diwali! Schools will be closed in these states for only 1 day, Check details

The post Big News EPFO ​​members…! Govt may increase the limit of VPF tax free interest, know the details first appeared on Rightsofemployees.com.

What is the new rule for EPFO ​​members?

• Union Labour Minister Mansukh Mandaviya announced that the enhanced insurance benefits under EDLI will continue, ensuring life insurance of up to ₹7 lakh for over 6 crore EPFO ​​members. 
• The extension will be effective from April 28, 2024, following the previous three-year extension period that ended in April.

Employees get these benefits

Insurance Cover: Life insurance cover of up to ₹7 lakh provides financial relief to families in case of death of the employee.

Eligibility: The extension covers all EPFO ​​members, including those who have changed jobs frequently. The EDLI scheme provides significant financial security, complemented by other benefits such as provident fund contributions.

What are the changes for companies under ESIC?

• For employers, significant updates have been made to the Employees’ State Insurance Corporation (ESIC) guidelines aimed at improving employee welfare.
• ESIC provides medical benefits, cash benefits during illness and maternity leave to eligible employees.
• Employers play a vital role in making sure their employees are covered.

What do employers need to know?

• Employees covered by ESIC are entitled to medical care for themselves and their families. Employers must ensure that employees receive these benefits by paying contributions on time.
• Employers should ensure that these benefits are communicated to employees.
• Employers have to ensure timely compliance of both EPFO ​​and ESIC requirements, thereby ensuring social security for workers.

Related Articles:-

Namo Bharat train will run from these 3 stations in Delhi from next year

New Retirement Rule: You can avail VRS after 20 years of service under NPS. check details here

FD Rates: 3 year FD is best for senior citizens, these 10 banks are giving more interest

The post ESIC New Rule: EPFO made these changes in the insurance rules under ESIC for employees first appeared on Rightsofemployees.com.

Objective of EDLI Scheme

According to the news, the EDLI scheme, launched in the year 1976, aims to provide insurance benefits to the members of the Employees’ Provident Fund Organization (EPFO) so that some financial assistance can be ensured to the family of every member in case of the death of the member. Till April 2021, the maximum benefit to the legal heir of the deceased employee was limited to Rs 6 lakh as per the criteria defined in the EDLI scheme.

Minimum and maximum profit

Later, the government, through a notification issued on April 28, 2021, increased both the minimum and maximum benefits under the scheme to Rs 2.5 lakh and Rs 7 lakh respectively for the next three years. Further, the condition of 12 months of continuous service in an establishment was also relaxed to cover employees who change jobs during that period. These benefits were effective for a period of three years which ended on April 27, 2024.

Related Articles:-

Railway Compensation Rules: Indian Railways told to pay Rs 4.7 lakh to passenger for bag theft

PF Account Date of Birth Correction Online – Quick step by step guide

Vande Bharat Sleeper will start for this route, know the fare and route & other details

The post Good news for more than 6 crore EPFO ​​members, insurance benefits increased under EDLI scheme first appeared on Rightsofemployees.com.

The Employees’ Provident Fund Organization ( EPFO ) is providing many facilities to its members. By investing in EPFO, on one hand, investors can earn huge funds as well as get the benefit of pension. Apart from this, EPFO ​​also allows members to make partial withdrawals. Now EPFO ​​has changed the rules for partial withdrawal (EPFO Rule Change).

EPFO New Rule

EPFO has changed the rules for partial withdrawal. This information was given by Union Labor Minister Mansukh Mandaviya. Mansukh Mandaviya said that the limit of partial withdrawal from PF account has been increased. Now EPFO ​​members can withdraw Rs 1 lakh instead of Rs 50,000 from PF account.

Apart from this, now withdrawal can be done within 6 months of starting the job. Earlier, the member had to wait longer for full withdrawal, but now it is not so. If an employee leaves the job within 6 months, then he can make full withdrawal from the PF account.

The post EPFO Rule Change: Now you can withdraw 1 lakh rupees from your PF account, EPFO ​​has changed the rules first appeared on Rightsofemployees.com.

In the new system, pensioners will no longer need to go to different bank branches for verification at the time of starting pension. After the Pension Payment Order (PPO) is issued, pension can be started from the bank located near the home.

In the current system, when an employee related to EPFO ​​retires, a fixed pension is given per month under the Employees’ Pension Scheme- 1995. Till now, to withdraw his pension, the retired employee has to come to the bank branch related to the area from which he has retired. Actually, EPFO ​​has been divided into different regional offices.

Only a few selected (three or four) bank branches in each regional office are authorized for pension withdrawal, due to which many people have to face problems. Since, after retirement, most of the employees start living in their village or some other part, they have to make rounds for pension withdrawal.

Also Read: New PPF rules from October 1, 2024: Three major changes to Public Provident Fund rules

Aadhaar based payment system will also come

The new facility will be launched from January 1, 2025 as part of EPFO’s ongoing information technology modernization project Centralized IT Enabled System (CITES 2.01). In the next phase, CPPS will bring a smooth transition to Aadhaar-based payment system.

With the introduction of the new system, pensioners will not need to transfer their Pension Payment Order (PPO) from one office to another. Currently, if a person goes to another region after retirement, he has to transfer his PPO to that regional office. After that, that office allocates a bank branch from which the pension can be withdrawn. All this hassle will end in the new system.

‘milestone’

Union Labor Minister Dr. Mansukh Mandaviya said that the new system is a milestone in the direction of modernization of EPFO. It will solve the long-standing problems of pensioners.

Related Articles:-

Heavy Rainfall alert! Rain will cause severe devastation in this state till 12th September, Yellow alert issued, danger of flood

Bank Holiday Today: Banks will remain closed in these states today due to Ganesh Chaturthi

Double Your Money: 9 schemes are available in Indian Post Office to double your money

The post Good news for EPFO ​​members, they will not have to visit banks for this work first appeared on Rightsofemployees.com.

This insurance scheme is known as Employees Deposit Linked Insurance (EDLI). This scheme is run to provide financial security to the employee’s family.

If due to any reason an EPFO ​​member dies, then his heir or nominee can claim this insurance amount. However, the claim amount of Rs 7 lakh is not given to everyone. Its calculation is done through a formula. Here know some rules related to EDLI and the formula for determining the claim amount.

The employee does not have to pay the premium

This insurance cover is absolutely free for any employee working in a private company. The contribution for this scheme is made by the company, which is 0.50 percent of the employee’s basic salary and dearness allowance. Usually people are aware of PF money and pension scheme, but are not aware of the EDLI scheme.

The amount is decided by this formula

In this scheme, which provides free insurance up to a maximum of Rs 7 lakh, the calculation of the claim amount is decided under a fixed formula. The insurance amount depends on the basic salary and DA of the last 12 months. The claim for insurance cover will be 35 times the last basic salary + DA. Along with this, a bonus amount of up to Rs 1,75,000 is also paid to the claimant. For example, if the basic salary + DA of an employee for the last 12 months is Rs 15,000, then the insurance claim amount will be (35 x 15,000) + 1,75,000 = Rs 7,00,000.

How to claim

If an EPF subscriber dies prematurely, his nominee or legal heir can claim for insurance cover. For this, the nominee should be at least 18 years of age. If the age is less than this, the guardian can claim on his behalf. While making a claim, documents like death certificate, succession certificate are required. If the claim is being made by the guardian of a minor, then guardianship certificate and bank details will have to be given.

Rules related to EDLI

• An EPFO ​​member is covered by the EDLI scheme only as long as he is employed. After leaving the job, his family/heirs/nominee cannot claim it.
• If the EPFO ​​member has been working for 12 months continuously, then after the death of the employee, the nominee will get a benefit of at least Rs 2.5 lakh.
• A claim can be made for EDLI in case of illness, accident or natural death of the employee while on duty.
• If there is no nomination under the EDLI scheme, then the spouse, unmarried daughters and minor son/sons of the deceased employee are considered as beneficiaries for coverage.
• For withdrawing money from the PF account, along with the form submitted to the employer, Form 5 IF of the insurance cover also has to be submitted. This is verified by the employer.

The post EPFO members get insurance up to Rs 7 lakh without paying premium, know how to get benefit first appeared on Rightsofemployees.com.

The central government on Friday made changes in the Employees’ Pension Scheme (EPS), 1995. Now even members who have contributed for less than 6 months will be able to withdraw money. This change will benefit lakhs of EPS employees. In fact, every year lakhs of EPS members leave the scheme before completing the 10 years of contributory service required for pension. In this, the number of people leaving the scheme within 6 months is high.

Under EPS, those who left the scheme before 10 years were given the facility of withdrawal, but those who left the scheme before 6 months were not given the facility of withdrawal on their contribution. However, now the government has given a big relief by changing this rule. The new amendment will benefit more than 7 lakh EPS members every year, who leave the scheme after less than 6 months of contributory service.

Also Read: Income Tax Rules: How to switch from new tax regime to old tax regime? Know this easy way

The government has also made changes in this rule.

To make the scheme better, the government has also made amendments in the EPS details. From now on, the withdrawal benefit will depend on how many months the member has served and how much EPS contribution has been made on the salary. This rule will make withdrawal easier. More than 23 lakh EPS members will benefit from this change.

What was the rule earlier?

Till now, the withdrawal benefit was calculated on the basis of the period of contributory service in completed years and the salary on which EPS contribution has been paid. Members were entitled to such withdrawal benefit only after completing 6 months or more of contributory service. As a result, members who left the scheme before contributing for 6 months or more did not get any withdrawal benefit.

7 lakh claims rejected

Due to the old rule, many claims were rejected as many members were exiting without less than 6 months of contributory service. According to the government notification, about 7 lakh claims of withdrawal benefit were rejected during the financial year 2023-24 due to less than 6 months of contributory service. Now these EPS members who have not attained the age of 58 years by 14.06.2024 will be entitled to withdrawal benefits.

What is EPS?

Often people get confused about EPS. Actually it is a pension scheme, which is managed by EPFO. Under this scheme, contribution has to be made for 10 years, then you become entitled to pension after retirement. Existing and new EPF members are included under this scheme.

Both the employer/company and the employee contribute equally to the EPF fund at 12% of the employee’s salary. However, the entire share of the employee’s contribution goes to EPF and 8.33% of the employer/company’s share goes to the Employees’ Pension Scheme (EPS) and 3.67% to EPF every month. Pension benefits will be given after completing at least 10 years of service and after retirement.

The post New update for lakhs of EPFO ​​members… Government changed this big rule regarding pension first appeared on Rightsofemployees.com.

This was stated in an official circular on Thursday. Earlier, in November last year, the Supreme Court had asked the government to give 4 months to EPF members to opt for higher pension. EPFO has provided online facility for members to fill joint operation form with employer to opt for higher pension option. The last date to fill this form was May 3, which has been extended to June 26, 2023.

Many things were not clear regarding the Higher Pension Scheme

However, there is no clarity on how the option of additional contribution will work and the mode of payment if the higher pension is opted for. The member is also not yet aware whether he will get the option to opt out of the higher pension scheme in case the higher amount is demanded.

Regional officers will determine the extra payment

It has been clarified in the circular that the regional officers will determine the extra payment. Whatever amount will be determined including interest, it will be given to the members who opt for more pension. It states that members and pensioners will be given up to three months to deposit money and give consent for transfer of funds.

Information will be given to the members who choose more pension

The Regional Officer of EPFO ​​will inform the pensioners or members about the need for payment of additional arrears for higher pension. Earlier this month, the labor ministry had clarified that an additional contribution of 1.16 per cent of the basic salary of members opting for the higher pension would be taken from the employer’s contribution to the EPFO-run social security scheme.

Government gives subsidy of 1.16% on basic salary of 15 thousand

At present, the government contributes 1.16 per cent as subsidy to the Employees’ Pension Scheme (EPS) on a basic salary limit of Rs 15,000. Employees contribute 12 per cent to the social security scheme of EPFO. At the same time, out of 12 percent contribution of the employer, 8.33 percent goes to EPS. While the remaining 3.67 percent goes to the Employees Provident Fund.

The post Big update for EPFO ​​members, the whole matter is related to getting more pension first appeared on Rightsofemployees.com.

If you are a working person coming under EPFO, then you can get money for many important works. Similarly, if you want to build your house but money is falling short, then EPFO ​​can also give you money to build a house.

Member should be active in EPFO ​​for 5 years

Under the rules of EPFO, if you have land available to build a house, then you can easily get advance money for building a house. However, there are certain terms and conditions for availing advance money from EPFO ​​for building a house. If you are an active member of EPFO ​​for 5 years and have more than Rs 1,000 in employee contribution including interest in your account, then you can get advance money for building a house.

What is the maximum amount one can get to build a house

The advance amount received for building a house has been divided according to 3 different circumstances. This amount received as advance depends on the amount deposited in your EPF account, your salary and the amount spent on building your house.
First- What is the total amount deposited in your EPF including interest. Second – your total salary of 36 months including dearness allowance and third – the total cost of building the house. Whichever amount is the least among these three, you will get that much money as advance.

The post EPFO members get money to build a house, know what are the terms and conditions first appeared on Rightsofemployees.com.

The court asked EPFO ​​to make such a provision in its portal that employees and pensioners are allowed to opt for higher contribution without giving proof of prior consent.

Justice Ziyad Rehman AA gave interim order to EPFO

Justice Ziyad Rehman AA gave this interim order while hearing the petition of employees and pensioners on Wednesday. The petition claimed that while opting for higher contribution, a copy of prior consent has to be given, which is mandatory under the EPF Scheme, 1952. The petitioners argued that the EPFO ​​never insisted on giving such permission and was accepting higher contributions.

The Supreme Court had fixed May 3 as the last date

They said that they are not able to fill that column in the online form because of this rule and they are not able to submit it without proof of prior consent. If they do not do this before the last date of May 3, then they will not be able to avail the benefits of the scheme. Let us inform that the Supreme Court has given time till May 3 to choose the option of higher contribution.

EPFO gave this argument in its argument

EPFO opposed the plea, arguing that prior consent is a “vital requirement” to avail the benefit. After hearing everyone’s arguments, the High Court said that the petitioners should get interim relief. The court said that if the portal cannot be changed then other options like submission of offline applications should be made available. It said that these facilities should be made available to all employees and pensioners within 10 days from the date of the High Court order of April 12.

The post Great news for EPFO ​​members, the court ordered the government organization to change the website first appeared on Rightsofemployees.com.

By updating your KYC details, you can get many benefits. EPFO members can use the UAN EPFO ​​website to update their EPF KYC details online. Members require UAN (Universal Account Number) to update or change their KYC details on the UAN EPFO ​​portal . Let us also tell you how you can update the KYC details of your EPF account.

What is Universal Account Number?

UAN is a 12-digit specified number, which is given to each member by the Employees’ Provident Fund Organization (EPFO). With this EPFO ​​member can manage his provident fund account. This number is allotted by the Ministry of Employment and Labor, Government of India. Through the number of this UAN, the information of the funds received from all the companies in which you have worked will be collected and displayed at one place.

What is KYC?

Know Your Customer (KYC) is a one-time process which helps in identifying the customers by linking their UAN with their KYC details. To enable seamless online service, employees and employers will have to provide KYC details like Aadhaar, PAN, bank details etc.

How to update KYC details with UAN?

1. Login to your EPF account on the Integrated Member Portal.
2. Select the “KYC” option in the “Manage” section.
3. Select the details (PAN, Bank Account, Aadhaar, etc.) that you want to link with your UAN.
4. Fill in the required fields.
5. Now click on the “Save” button.
6. Your request will appear under “KYC Pending for Approval”.
7. Once the employer approves the details, a message “Digitally approved by employer” will appear.
8. Once UIDAI verifies your details, “Verified by UIDAI” will appear against your Aadhaar.

Benefits of doing KYC details

1. Online withdrawal claim can be processed only after KYC details are linked with UAN or after EPF KYC update.
2. EPF account can be easily transferred with the help of updated KYC.
3. After activation, members receive a monthly SMS informing about their monthly PF.
4. If a member withdraws his PF before 5 years of service, 10% TDS will be levied on the amount when PAN is updated in the EPF account.

How to update bank account details?

1. Go to EPFO ​​portal and login to your EPF account.
2. Enter your bank account number and IFSC code.
3. Your employer should approve the details.
4. After approval the bank account gets updated.

How to update contact details in your EPF account?

1. Go to your EPFO ​​portal and login.
2. In the ‘mailage’ section, click on the contact details option in the drop down menu.
3. Your mobile phone number and email address are already in your EPF account.
4. To update your details, check the box next to ‘Change Mobile Number’ or ‘Change Email ID’ and then click on the ‘Get Authorization Pin’ button.
5. Once you enter the Authorization PIN sent to you through OTP on your mobile number, your mobile phone/e-mail address will be updated in your EPF account. Keep in mind that it may take some time for your contact information to be updated in your EPF account.

The post EPF KYC Update: This is the easy way to update KYC details of EPF account first appeared on Rightsofemployees.com.

Organization (EPFO Members) has recently shared another information. It has been told that what facilities are being given to the pensioners. If you also get pension, then it is important that you also know those information.

Facilities available to pensioners

• Online submission of pension claim. Pensioners can also submit claims through EPFO ​​member portal or UMANG app.
• view pension passbook online
• Download Pension Payment Order (PPO) from Digi-Locker
• Submission of Digital Life Certificate from Home through Mobile App

पेंशनभोक्ताओं के लिए ‘ईज ऑफ लिविंग’ सुनिश्चित किया जा रहा है ।#AmritMahotsav #pension #EaseOfLiving #epfo@PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @mygovindia @PIB_India @MIB_India @AmritMahotsav pic.twitter.com/LsXr8KMAYz

— EPFO (@socialepfo) January 17, 2023

Process of making Life Certificate through Face Authentication

• use 5 mega pixel camera of android smartphone with internet
• Keep Aadhaar number registered with Pension Disbursing Authority
• Download AadharFaceRd App
• Download Jeevan Pramaan face application from https://jeevanpramaan.gov.in/package/download
• After that do operator authentication and face scan of operator
• Pensioners fill your details
• Capture photo with front camera and submit

EPFO members get many facilities

Employees’ Provident Fund Organization (EPFO) provides the facility of EPF and EPS schemes to its members. Under EPF, a retirement fund is available on retirement, while in the EPS scheme, a fixed amount is received every month as pension on retirement by the members. 12-12% of the employee’s basic salary and dearness allowance (dearness allowance) is deposited in the EPF account. But, the amount of 12% of the employer is deposited in two parts. Out of 12% contribution of the employer, 8.33% amount is deposited in the Employee Pension Account and the remaining 3.67% amount goes to the EPF account.

The post Big update of EPFO! Crores of pensioners started getting these special facilities, you can also check the details first appeared on Rightsofemployees.com.

In fact, the Employees’ Provident Fund Organization can increase the coverage of its pension plan. This new scheme is proposed to be based on individual contribution, which ensures that every employee gets a minimum pension of Rs 3,000 per month after the age of 60 years.

This proposed scheme may be named as Universal Pension Scheme, which aims to address the various challenges of the existing Employees’ Pension Scheme (EPS), 1995. There is no coverage for employees earning more than Rs 15,000 per month, but a simple pension amount.

There will be provision for retirement pension, widow pension, children’s pension and disability pension in the new scheme. However, the minimum qualifying period of service for this pension benefit will be increased from 10 to 15 years. If a member dies before the age of 60, then pension will be given to the family under the Universal Pension Scheme.

To get 3 thousand pension every month, this amount will have to be deposited for a
minimum pension of Rs 3,000 every month, a total of Rs 5.4 lakh will need to be deposited. A committee set up by the Central Board of Trustees (CBT), the highest decision-making body of EPFO, said EPFO ​​members can also voluntarily opt for higher contribution and deposit a larger amount for higher pension. At present, EPF contribution is mandatory for workers earning up to Rs 15,000 per month in establishments having more than 20 workers. Every employee gives 12% of his basic salary in the EPF scheme.

EPS is mandatory for all those who contribute to EPF. 8.33% of the employer’s contribution is deposited in the pension scheme, subject to a ceiling of Rs 1,250 per month based on the salary ceiling of Rs 15,000 per month.

The post Monthly Pension: Now these people will get monthly pension of 3 thousand rupees every month! check details immediately first appeared on Rightsofemployees.com.

In fact, the Employees’ Provident Fund Organization can increase the coverage of its pension plan. This new scheme is proposed to be based on individual contribution, which ensures that every employee gets a minimum pension of Rs 3,000 per month after the age of 60 years.

This proposed scheme may be named as Universal Pension Scheme, which aims to address the various challenges of the existing Employees’ Pension Scheme (EPS), 1995. There is no coverage for employees earning more than Rs 15,000 per month, but a simple pension amount.

There will be provision for retirement pension, widow pension, children’s pension and disability pension in the new scheme. However, the minimum qualifying period of service for this pension benefit will be increased from 10 to 15 years. If a member dies before the age of 60, then pension will be given to the family under the Universal Pension Scheme.

To get 3 thousand pension every month, this amount will have to be deposited for a
minimum pension of Rs 3,000 every month, a total of Rs 5.4 lakh will need to be deposited. A committee set up by the Central Board of Trustees (CBT), the highest decision-making body of EPFO, said EPFO ​​members can also voluntarily opt for higher contribution and deposit a larger amount for higher pension. At present, EPF contribution is mandatory for workers earning up to Rs 15,000 per month in establishments having more than 20 workers. Every employee gives 12% of his basic salary in the EPF scheme.

EPS is mandatory for all those who contribute to EPF. 8.33% of the employer’s contribution is deposited in the pension scheme, subject to a ceiling of Rs 1,250 per month based on the salary ceiling of Rs 15,000 per month.

The post EPFO Pension: Now these people will get monthly pension of 3 thousand rupees every month! check details immediately first appeared on Rightsofemployees.com.

Balance can be checked even without UAN

If you want to check the balance of your PF account, then now you do not need to go to the Employees’ Provident Fund Organization for this. For this you do not even have to have a UAN number. It has been seen many times that people forget their UAN number, but now you do not have to worry. Now you can check your PF account balance even without UAN number.

PF account balance will be like this

To check the balance of PF account, first you have to visit its official website epfindia.gov.in. Then you have to click on the option of click here to know your EPF balance.

In the second step, you will be redirected to the page of epfoservices.in/epfo/ through a redirect link. After this you have to click on the option of ‘Member Balance Information’. After this you have to select your state and click on the EPFO ​​office website link of your state.

In the third step, you have to enter your ‘PF account number’, name and registered mobile number. After that you have to click on the option of ‘Submit’. As soon as this process is completed, the balance of your PF account will be visible on your website.

Balance will also be known through missed call

You can also check the balance of your PF account by sending EPFOHO UAN to 7738299899 from your registered mobile number under EPFO’s SMS service. You can also check your PF account balance by making a missed call on 011-229014016 from your registered mobile number.

The post PF Amount Credited: Good News! You can check PF balance through missed call, interest amount has been released in the account first appeared on Rightsofemployees.com.

In fact, the Employees’ Provident Fund Organization can increase the coverage of its pension plan. This new scheme is proposed to be based on individual contribution, which ensures that every employee gets a minimum pension of Rs 3,000 per month after the age of 60 years.

This proposed scheme may be named as Universal Pension Scheme, which aims to address the various challenges of the existing Employees’ Pension Scheme (EPS), 1995. There is no coverage for employees earning more than Rs 15,000 per month, but a simple pension amount.

There will be provision for retirement pension, widow pension, children’s pension and disability pension in the new scheme. However, the minimum qualifying period of service for this pension benefit will be increased from 10 to 15 years. If a member dies before the age of 60, then pension will be given to the family under the Universal Pension Scheme.

To get 3 thousand pension every month, this amount will have to be deposited for a
minimum pension of Rs 3,000 every month, a total of Rs 5.4 lakh will need to be deposited. A committee set up by the Central Board of Trustees (CBT), the highest decision-making body of EPFO, said EPFO ​​members can also voluntarily opt for higher contribution and deposit a larger amount for higher pension. At present, EPF contribution is mandatory for workers earning up to Rs 15,000 per month in establishments having more than 20 workers. Every employee gives 12% of his basic salary in the EPF scheme.

EPS is mandatory for all those who contribute to EPF. 8.33% of the employer’s contribution is deposited in the pension scheme, subject to a ceiling of Rs 1,250 per month based on the salary ceiling of Rs 15,000 per month.

The post EPFO Pension: Now these people will get monthly pension of 3 thousand rupees every month! check details immediately first appeared on Rightsofemployees.com.

The central government had talked about giving 8.1 percent interest rate on the provident fund for some time. This interest rate is the lowest interest rate in 40 years. Earlier, the government had given 8.5 percent interest. So this time interest will be transferred to your PF account at the rate of 8.1 percent.

Calculation of interest is quite simple
– If you have Rs 10 lakh in your PF account then you will get Rs 81,000 as interest.
If you have Rs 7 lakh in your PF account, you will get Rs 56,700 as interest.
If you have Rs 5 lakh in your PF account, then Rs 40,500 will come as interest.
If you have one lakh rupees in your account, then 8,100 rupees will come.

How to Check Balance
You can follow 4 ways to check your PF balance. Or you can choose any one of the four methods. In these ways, you can check the balance through SMS and you can also know by giving a missed call. Apart from this, you can also check through EPFO’s website, and UMANG app.

By SMS: For this, you have to send a message by writing EPFO ​​UAN LAN (Language) to 7738299899 from the mobile number registered with EPFO. LAN stands for your language. If you want information in English, you have to write ENG instead of LAN. Similarly, HIN is to be written for Hindi and TAM for Tamil. For example, to get information in Hindi, you have to message by typing EPFOHO UAN HIN.

By missed call: If you want, you can also know your EPF balance through a missed call. For this, you have to make a missed call on 011-22901406 from your registered mobile number. After missed call, your phone will be disconnected automatically and you will get your balance information.

Through website: To check your balance online, you visit the EPF passbook portal. Log in to this portal using your UAN and password. In this, click on Download / View Passbook and then the passbook will open in front of you, in which you can see the balance.

The post Good News EPFO Members: Salaried people will get Rs 81,000, know the date and way to check first appeared on Rightsofemployees.com.

If PF is deducted from the salary of any member of your family due to your salary, then this news is of your use. Now a huge amount is going to be transferred in the accounts of such employees. Employees’ Provident Fund Organization (EPFO) is soon going to transfer interest money in the account of employees, which will benefit more than 6 crore people in a big way. 

If there is 5 lakh in the account, you will get Rs 40,000 interest

According to the announcement of the government, 8.1 percent interest has been announced for the financial year 2021-22, which is the lowest in the history of 40 years. If 5 lakh rupees are lying in your PF account, then you will easily get interest of about 40 thousand rupees.

Official announcement has not been made

The EPFO, which has cut PF, has not yet made an official announcement to put money in the account, but in some media reports this thing is being done on a large scale. It is being claimed in media reports that this amount can be transferred soon.

Check pf money like this

If you are a PF employee then do not go to the office to see the money in the account. You can easily check all your money sitting at home. Now you have to send EPFO ​​UAN LAN to 7738299899 from mobile number registered with EPFO. LAN stands for your language. If you want information in English, then you have to write ENG instead of LAN. In this way HIN is written for Hindi and TAM is written for Tamil. To get information in Hindi, you have to message by writing EPFOHO UAN HIN.

You can also check money from this app

• Download UMANG App from Play Store on your Smartphone.
• Register your phone number and log in to the app.
• Go to the menu in the top left corner and navigate to ‘Service Directory’.
• Search here and click on EPFO ​​option.
• After going to View Passbook here , check the balance through your UAN number and OTP.

The post Good News PF Account holders ! EPFO to transfer big amount in EPFO members account first appeared on Rightsofemployees.com.

EPFO Alert: If PF is deducted from the salary of any member of your family due to your salary, then this news is of your use. Now a huge amount is going to be transferred in the accounts of such employees. Employees’ Provident Fund Organization ie EPFO ​​is now going to transfer interest money in the account of employees soon, which will benefit more than 6 crore people in a big way.

Also Read: PF Withdrawal: How to claim PF in medical emergency for fast process

If there is 5 lakh in the account, you will get Rs 40,000 interest According to the announcement of the government, 8.1 percent interest has been announced for the financial year 2021-22, which is the lowest in the history of 40 years. If 5 lakh rupees are lying in your PF account, then you will easily get interest of about 40 thousand rupees.

Official announcement has not been made

The EPFO, which has cut PF, has not yet made an official announcement to put money in the account, but in some media reports this thing is being done on a large scale. It is being claimed in media reports that this amount can be transferred soon.

Check pf money like this

If you are a PF employee then do not go to the office to see the money in the account. You can easily check all your money sitting at home. Now you have to send EPFO ​​UAN LAN to 7738299899 from mobile number registered with EPFO. LAN stands for your language. If you want information in English, then you have to write ENG instead of LAN. In this way HIN is written for Hindi and TAM is written for Tamil. To get information in Hindi, you have to message by writing EPFOHO UAN HIN.

• You can also see money from this app
• Download UMANG App from Play Store on your Smartphone.
• Register your phone number and log in to the app.
• Go to the menu in the top left corner and navigate to ‘Service Directory’.
• Search here and click on EPFO ​​option.

After going to View Passbook here , check the balance through your UAN number and OTP.

The post Good News: EPFO to Transfer big amount in EPFO members Account, check details immediately first appeared on Rightsofemployees.com.