EPF Form 11 – Just fill one single form to transfer your EPF while changing jobs

Good news … Now it has become much easier to transfer your EPF accounts while changing jobs.  You no longer have to file separate EPF transfer claims using Form-13 after changing jobs. It will now be done automatically. EPFO has introduced a new composite form called Form 11 that will replace Form 13 in all […]

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Procedure for EPF Withdrawal on death? (here are 6 documents required)

A lot of EPF accounts are lying unclaimed after the death of an employee. Families have no idea how to claim for the EPF money and what is the process? Today I will share with you how your family will be able to withdraw the EPF account money in case something happens to you. How […]

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EPF interest rate reduced to 8.65% from old 8.8%

The EPFO department (Employees Provident Fund Organisation) reduced the EPF interest rate to 8.65% today. The old interest rate was 8.8%. This interest will be applicable for the deposits made for financial year 2016-2017. Which means that all the deposits which were made after 1st Apr, 2016 by the employers will be earning the interest […]

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Inactive EPF accounts to get interest from now onwards at 8.8%

Good news, the inactive EPF accounts will now start getting interest. Also the interest will be paid since Mar month of this year. This will start once the govt issues the notification regarding this. Since 2011, the EPF accounts which were not active for 3 yrs before inoperative EPF accounts and they stopped getting the […]

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Inactive EPF accounts will get interest from Apr 1, 2016

Good news, the inactive EPF accounts will now get interest from next month, i.e. Apr 1, 2016. Around 5 yrs back, under UPA rule, EPFO came up with the rule that any inoperative EPF account will stop getting interest after 3 yrs of inactivity. So if a person left the job and never withdrew the […]

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Tax on EPF withdrawal & other key highlights from Budget 2016

Before I even start this article, please watch the first 5-6 min of the following video which comes from Ravish Kumar of NDTV and you will get the hottest points of discussion in this budget, which is taxation on EPF withdrawal. The video below discusses various viewpoints from govt representative, economist and some other people […]

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Govt restricts EPF withdrawal amount to employees share only till retirement

Indian Govt has brought a new amendment in the EPF rules, according to which the members will not be able to fully withdraw from their EPF before they reach the retirement age. The maximum one will be able to take out is their own contribution and its interest (which was raised to 8.8% recently), and […]

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EPF withdrawal made super easy – No Employer signature needed

Here is a great news for all EPF account holders. EPFO has come up with new and revised forms using which EPF withdrawal process is now super easy and can happen without employer signature or any involvement. Now you can directly submit the EPF withdrawal forms and the settlement will happen directly into your bank […]

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UAN – All you wanted to know about the new EPF system

EPFO has brought some major changes in the way it works and a new system called UAN (Unique Account Number) is in place now. This UAN is a way to simplifying the process of collecting and managing the provident fund money for employees. Background – The pain of old EPF system Before I start explaining, […]

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6 reasons for which you can withdraw from your EPF – like Buying House, Medical treatment, Marriage etc !

Yes, you read it right ! . Most of the people do not know that they can withdrawal partially from their EPF account even when they are in the job for some specific and important reasons in life like buying house, marriage and paying for education fees. Today I am going to share with you […]

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