Do you have a job? However you will be well aware of the PF account. EPFO has taken several key decisions in recent times. PF subscribers need to know these things for sure.
Do you have a PF account? But there are some things you need to know. The Employees Provident Fund Organization ( EPFO) has made a number of key decisions in recent times. The EPF has made several changes from withdrawals to PF balance. Let’s get to know Avento once.
1. PF subscribers in the background of Kovid 19 can take Second Kovid Advance from their EPF accounts. This means that those who withdrew PF money last year can withdraw money again this year.
2. If you have lost your job for a month or more .. then up to 75% of the money can be withdrawn from the PF account. There is no need to close the PF account for this.
3. Even those who have lost their job can withdraw money from their PF account under Kovid Advance. This option is available to non-PF settlements from the company.
4. EPFO has increased the insurance benefit under the EDLI scheme from Rs 6 lakh to Rs 7 lakh. If the EPFO subscriber dies while in service .. the nominee will receive this money.
5. PF account holders must link their Aadhaar number with UAN. Otherwise the company contribution money will not be credited to the PF account. Aadhaar and PF account should be linked by September 1.
