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The Employees Provident Fund Organisation (EPFO) has issued new standard operating procedure (SOP) via a circular. The new SOP will allow the EPF member to update 11 profile-related parameters.
To make minor changes in the EPF account, at least two documents from the prescribed list must be submitted, and in case of major changes, three documents will be needed.
PPF scheme: The best thing about PPF is that it gives you guaranteed returns.
The UAN number helps the employee check their EPF balance, withdraw money and get PF loan application.
EPFO has decreased the interest rate on deposits to 8.1 percent for FY22. This is the lowest rate of interest since 1977-78 when it was at 8 percent.