Under this, employees can get the option to convert the amount deposited in their PF accounts into pension funds. He said that it is necessary to provide more options for social security to the employees under the Employees Provident Fund.

Mandaviya also said that if an employee wants to convert his PF amount into a pension fund after retirement, it can increase his pension amount. The government is seriously considering this and is likely to take steps in this direction in the future. About 20 lakh new employees have joined EPFO ​​in July, which is the highest figure so far this financial year. Of these, 10.52 lakh employees are those who have started a job for the first time and have registered with EPFO.

Also Read: Post Office’s great FD Plan: You will get ₹30,00,000 on investment of ₹10,00,000, Know…

EPFO portal will work like a bank website

Regarding the solution of problems related to the EPFO ​​portal, the minister said that efforts are being made to make it like a banking website. In the next six months, extensive improvements will be seen in this portal, which will enable employees to get all the services at one click. The entire system is being improved in this direction.

Mandaviya also talked about new employment opportunities in the semiconductor sector. He said that there is a possibility of huge employment opportunities being created in the semiconductor industry, as many companies in India are being motivated to invest in this sector.

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The post EPFO Pension: Govt is considering changing the rules of EPFO ​​pension scheme. Check Details first appeared on Rightsofemployees.com.

EPFO Interest Rates Hike: Important news for PF account holders. The government has given a big statement regarding the increase in the interest rate on the PF account. Minister of State for Labor and Employment Rameshwar Teli has given a statement on any change in the interest rate on Employees’ Provident Fund (EPF) deposits for 2021-2022.

information given by the government

Actually, this question was asked to Rameshwar Teli whether the government is reconsidering increasing the rate of interest on Employees’ Provident Fund deposits? Giving a written reply to this, he clarified that there is no proposal to reconsider the interest rate. That is, there is not going to be any increase in the interest rate available on the PF account.

Higher interest than small savings schemes 

Minister of State for Labor and Employment Rameshwar Teli also said that the interest rate of EPF is higher than other comparable schemes like General Provident Fund (7.10 percent), Senior Citizen Savings Scheme (7.40 percent) and Sukanya Samriddhi Account Scheme (7.60 percent). That is, according to Rameshwar Teli, the interest received on PF from small savings schemes is still high, in such a situation, the eligible government will not consider the interest rate hike. Let us tell you that the interest rate on EPF has been approved to give 8.10 percent.

Minister said this 

Rameshwar Teli has stated that the interest rate on PF is dependent on the income received by the EPF from its investments and such income is distributed only as per the EPF Scheme, 1952. Rameshwar Teli also said that the CBT and EPF have For 2021-22, 8.10 percent interest rate was recommended, which has been approved by the government, that is, this time the interest on PF will be available at the rate of 8.10.

The post EPFO Interest Rates: Government will increase the interest rate on PF amount! check new rate immedately first appeared on Rightsofemployees.com.

The post PF Amount Credited: 81,000 rupees will be credited in the account of PF employees on this day, know here immediately first appeared on Rightsofemployees.com.

Minister of State for Labor and Employment Rameshwar Teli has said in the House that there will be no change in the interest rate on Employees’ Provident Fund (EPF) deposits for the financial year 2021-2022. Minister of State for Labor and Employment Rameshwar Teli has given this big information to the Rajya Sabha in a written reply to a question.

information given by the government

Actually, this question was asked to Rameshwar Teli in the House whether the government is reconsidering to increase the rate of interest on Employees Provident Fund deposits? Giving a written reply to this, he clarified that there is no proposal to reconsider the interest rate. That is, there is not going to be any increase in the interest rate on PF account.

Higher interest than small savings schemes

Minister of State for Labor and Employment Rameshwar Teli also said that the interest rate of EPF is higher than other comparable schemes like General Provident Fund (7.10 percent), Senior Citizen Savings Scheme (7.40 percent) and Sukanya Samriddhi Account Scheme (7.60 percent). That is, according to Rameshwar Teli, the interest received on PF from small savings schemes is still high, in such a situation, the eligible government will not consider the interest rate hike. Let us tell you that the interest rate on EPF has been approved to give 8.10 percent.

Minister said this Rameshwar Teli has stated that the interest rate on PF is dependent on the income received by the EPF from its investments and such income is distributed only as per the EPF Scheme, 1952. Rameshwar Teli also said that the CBT and EPF have For 2021-22, 8.10 percent interest rate was recommended, which has been approved by the government, that is, this time the interest on PF will be available at the rate of 8.10.

The post EPFO Interest Rates Increased: Good News! Government will increase interest rate on PF amount! check rate immediately first appeared on Rightsofemployees.com.

Interest money is expected to arrive in the account of PF employees by July 30, due to which a lot of enthusiasm is being seen among the people. The government has announced to give 8.1 percent interest money for the financial year 2020-21, which is believed to be the lowest in forty years.

Earlier, 8.5 percent interest was announced. EPFO, the PF deducting body, has not yet officially announced the interest, but this claim is being made in all the media reports.

so much money will come in the account

The Central Government has decided to send 8.1 percent interest to the account of PF employees. This will benefit more than 6 crore employees. Accordingly, if Rs 10 lakh is lying in your account, then interest of Rs 81,000 will be available.

Check amount like this

You can know how much money is in PF account from your mobile sitting at home. You have to send EPFO ​​UAN LAN to 7738299899 from the mobile number registered with EPFO. If you need information in English, you should type ENG instead of LAN. Thus HIN is written in Hindi and TIM in Tamil.

Check money with this app

Download UMANG App from Play Store on your Smartphone.

Log in to the app by registering your phone number.

Go to the Services directory in the top left corner menu.

Here click on EPFO ​​option. After going to View Passbook, check your UN number and balance through OTP. With this you can easily access your PF account.

The post PF Amount Credited: 81,000 rupees will be credited in the account of PF employees on this day, know here immediately first appeared on Rightsofemployees.com.

The post PF Amount Credited: 81,000 rupees will be credited in the account of PF employees on this day, know here immediately first appeared on Rightsofemployees.com.

The post PF Amount Credited: 81,000 rupees will be credited in the account of PF employees on this day, know here immediately first appeared on Rightsofemployees.com.

In earlier times, withdrawing money from EPF was a difficult task, but now you can withdraw EPF money sitting at home. For this you have to download UMANG app. Through this you can easily withdraw PF money. The government launched the UMANG app in 2017. Let us tell you how you can withdraw your money from UMANG app.

Make a claim for money like this through Umang App

• First of all login to UMANG App
• Select EPFO ​​and click on ‘Employee Centric Services’.
• After this you click on ‘Raise Claim’ option.
• Enter UAN details.
• Click on ‘Get OTP’
• After this an OTP will come on the registered mobile number.
• After filling the OTP, click on ‘Login’.
• After this, now enter the last four digits of the bank account.
• Select the Member ID and click on ‘Proceed for claim’.
• After that enter ‘Address.
• After entering the address, click on ‘Next’. After that upload the photo of the check.
• After this the money will be transferred to your account within the stipulated time frame.

Through this app you can easily check PF details, apart from this you can also download passbook.

How to download 
UMANG App can be downloaded from Google Play Store (Android users) and iOS App Store (iPhone users). Apart from this, you can also download this app by giving a missed call to 9718397183, in fact, on missed call, you get a link, from which you can easily download it.

What is UMANG App
The Government of India launched this app in 2017. This app was created by the Ministry of Electronics and Information Technology. You can download the app from both iOS and Android. This app provides a wide range of services. Through this app you can avail facilities like Employees Provident Fund (EPF), PAN, Aadhaar, DigiLocker, Gas Booking, Mobile and Electricity Bill Payment etc. Most of the employees working in government and non-government sectors have a PF account. While doing the job, some part of the salary of the employees is credited in their PF account.

The post PF money withdrawal: Make a claim for money like this through Umang App first appeared on Rightsofemployees.com.

EPF members can do most of the work online. You can also update your EPFO ​​KYC online. You can check your EPFO ​​balance and file your EPF claim online. Along with this, EPF members can also transfer the amount of their EPF account online. EPFO itself has tweeted this information.

Video uploaded on YouTube

If you have just changed job and want to transfer your PF from your previous company to your existing employer then you can easily do it. Employees Provident Fund Organization has tweeted how to transfer EPF account amount online. You can transfer your EPF sitting at home. The organization has also shared a video uploaded on YouTube along with the tweet. By watching this video you can easily transfer your EPF.

How to transfer EPF online.#EPFO #EPF #PF #SocialSecurity #Employees @PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @MIB_India @PIB_India @PIBHindi @mygovindia @AmritMahotsav @PTI_News @airnewsalerts https://t.co/iS5DYCzG2w

— EPFO (@socialepfo) May 23, 2022

Step-by-Step Guide

The post PF Amount Transfer: Master guide transfer provident fund (PF) amount online first appeared on Rightsofemployees.com.