PF account news: Here s how you can check your EPF balance without UAN number
The EPF interest rate is declared every year by the EPFO which is a statutory body under the Employeesâ Provident Fund Act, 1956
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Updated: Jul 23, 2021, 10:12 AM IST
The Employees Provident Fund Organisation (EPFO) is a government-established savings scheme for employees belonging to the private sector. The EPF interest rate is declared every year by the EPFO which is a statutory body under the Employees’ Provident Fund Act, 1956.
The EPFO allows its members to check their Employees Provident Fund (EPF) balance using Universal Account Number (UAN). However, subscribers can now check their EPF balance even without the UAN.
All you wanted to know about Employees’ Provident Fund Organisation
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The Employees’ Provident Fund Organisation (EPFO) recently hiked the death insurance benefits for subscribers under the Employees’ Deposit Linked Insurance (EDLI) scheme. The minimum death cover has been increased to ₹2.5 lakh effective retrospectively from February 15, 2020. The maximum benefit under the scheme has also been hiked to ₹7 lakh from ₹6 lakh. These new limits will be in effect for three years from April 28, 2021.
What is it?
To provide income security to the family of a private sector employee after his/her death, the government introduced the Employees’ Deposit Linked Insurance Scheme in 1976. This life insurance scheme covers all active members of the employees’ provident fund. For availing the insurance cover, employees need not contribute any amount. It is supported by a nominal contribution by the employer. If you have not heard about the EDLI scheme, that could be because yo
It Can t Be Business As Usual for the State, Employers in the Case of Gig Workers thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.
How to upload profile picture in EPF UAN portal, check here
Follow the step-by-step guide given below to upload a profile picture in the EPF UAN portal.
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Employees’ Provident Fund Organisation (EPFO) is a statutory body under the Employees’ Provident Fund Act, 1956. The Employees Provident Fund came into existence with the promulgation of the Employees Provident Funds Ordinance on the 15th November 1951. It was replaced by the Employees Provident Funds Act, 1952.
Adding a profile picture in the EPF UAN portal makes it look good and is also very easy. It is also necessary for an E-Nomination on EPF Portal. Follow the step-by-step guide given below to upload a profile picture in the EPF UAN portal.
Formalising social security for the informal sector
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During the Budget speech, the Finance inister talked about the 20-year long process of implementing the labour codes in India. These codes passed by the Lok Sabha in the previous year includes the extension of Employee State Insurance (ESI) and other social security mechanisms to gig economy workers.
This is a welcome move and successful implementation of these measures would reduce the vulnerability of these workers and provide a safety net to help absorb financial shocks. India was one of the first countries to roll out a major social security programme at a very early stage of its development, with the passing of the Employees’ State Insurance Act in 1948 and the Employees’ Provident Fund Act in 1952. These programmes are aimed at covering millions of factory workers across the major industrial centres, providing them with various cash benefits in the event of health and income shock