EPFO / ESIC: Know the big updates of 2020 : Friends, the end of the year 2020 and 2021 is going to start, so read this post today in full, because in this post today we will give you the big of EPFO and ESIC in 2020. Will update about So let’s know what major updates were done in 2020 under EPFO and ESIC. By commenting below, you must also tell us what new update you want related to EPF and ESI in the year 2021.
January 5 : At the beginning of the new year, a very big update was seen on the Unified Member Portal where a new option of death claim filing by benificiary was added, through which the nominee in Form 20,10D and 5 (if) in the death case was claimed online. can go
16 January : One of the biggest and best updates for EPF subscribers so far is the option of MARK EXIT on the Manage tab on the UAN member portal , so that PF subscribers can update the date of exit in their PF account by themselves.
Also Read: List Of Bank Holidays In 2021: Total 15 Holidays In The 4 Metros This Year
March 5 : A bad news related to PF interest rate was received, in a meeting chaired by Labor Minister Santosh Gangwar Ji, the interest rate of 8.50% was fixed for FY 2019-20, which is 8.65% for FY 2018-19. 0.15% less than%.
Then came the Corona era
26 March : In order to provide relief to employees and employers in the Corona period, 24% PF contribution for the months of March-April and May under the Pradhan Mantri Garib Kalyan Yojana was announced by the Central Government and the PF account for more withdrawals to the employees. New facility for 75% advance PF withdrawal was announced.
April 3 : year and had a great update that PF details of date of birth ( DOB CORRECTION IN PF ) went to the great relief of improvement and based card went permitted to improve online by up to 3 years | Apart from this, for the difference of more than 3 years, the facility was given to improve by uploading a supported document.
9 April : Advance PF Claims made under Outbreak of Pendemic (COVID-19) were disposed of within 72 hours due to rising advance claims due to unemployment during the Corona period.
June 12 : Withdrawal of money from PF account due to unemployment in the lockdown became the hope for people, in such a new option of Select service was added, through which PF subscribers can withdraw advance PF from any of their PF account.
9 July : Cabinet approved the proposal to increase the benefit of 24% PF contribution under the Pradhan Mantri Garib Kalyan Yojana , ie June-July, August and 3 months.
July 21 : Newly updated on the Forgot Password option on Unified Member Portal , where if you have forgotten your password and do not even have a registered mobile number, now only registered mobile number can be added to Aadhaar and new password created Can go
26 July : Added option of UAN allotment for existing pf account to generate UAN number for PF accounts before 2014.
August 6 : Limited staff were present in PF offices, making it difficult for the employees to contact the PF office, in view of this, EPFO released the Whatsapp helpline numbers of all the PF offices.
August 11 : A tremendous update was made to the PF passbook , which changed the look of the passbook completely and many new information was added to it.
25 August : Under the Atal Insured Person’s Welfare Scheme of ESIC , unemployment allowances were given 2 times.
September 10 : Maximum benefit received by the nominee in case of death under EDLI has been increased from Rs 6 lakh to Rs 7 lakh.
26 September : A new claim form of FORM 10C scheme cirtificate was made available on the Umang app , through which employees can apply online for the scheme certificate.
October 30 : Bulk upload of mobile number was given on the employer’s portal for ESIC insured persons to link their mobile number , so that the employer can link the mobile numbers of maximum employees with their esic number at once.
November 9 : In view of obstruction of movement due to coronavirus, the claim for unemployment allowance under the Atal Insured Persons Welfare Scheme was made online.
November 11 : 4 new advance mercury added for advance PF claim , under which employees can claim for higher amount.
November 13 : According to the self-reliant India Employment Incentive Scheme , all employees newly recruited from October 1 and according to the standards, PF contribution for employers for the next 2 years was announced by the Central Government.
Dec 4 : Added new option of Bulk upload of account number on ESIC employer portal, so that employers can upload bank account numbers of maximum employees in one go.
30 December : 1 day before the last day of the year 2020, a big news came out on the PF interest , stating that the proposal of the Ministry of Labor has been approved by the Finance Ministry, to credit 8.50% interest in a single installment.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
