The Employees’ Pension Scheme, or EPS 95, is a pension scheme provided to private and public sector employees after age 58. Introduced on November 19, 1995, it is intended to meet the retirement needs of employees in the organized sector. The scheme, managed by the Employee Provident Fund Organization (EPFO), provides a secure future by … Read more
Are you planning to retire shortly? How much income can you expect from your Employee Provident Fund (EPF)? The EPF Pension Calculator 2024 can help you determine your monthly Pension after retirement. This article will discuss the importance of using the EPF Pension Calculator, how to calculate your retirement income using the calculator, and the … Read more
Employee Provident Fund (EPF) is a retirement benefits scheme introduced by the government of India in 1952. The social security scheme aims to provide employees with financial stability after retirement. The EPF scheme is mandatory for all establishments with 20 or more employees. This page provides detailed information on the importance and benefits of the Employee … Read more
The Employees Provident Fund Organization (EPFO) provides a pension scheme for organized sector workers to ensure financial security after retirement. Workers become eligible for pension benefits after age 58, provided they have worked for at least ten years under the same Universal Account Number (UAN). It is a unique identification number assigned to each employee … Read more
If you are employed in a government or private organization, a certain amount of your salary is deducted monthly to contribute to the Employees’ Provident Fund (EPF). By contributing continuously for 10 years, you secure your future and become eligible for a pension from the Employees’ Provident Fund Organization (EPFO) after retirement, ensuring a financially … Read more
The EPF withdrawal 2024 process can be done offline or online. However, the online process is more convenient and hassle-free. Find out about the eligibility, benefits, and required documents for EPF Withdrawal Online. The Employees’ Provident Fund (EPF) is a retirement savings scheme in India that is managed by the Employees’ Provident Fund Organisation (EPFO). … Read more
In India, a significant proportion of the population is employed, with many individuals working in the private sector. The government permits investments through the Employee Provident Fund to ensure financial security for employees after retirement. This scheme requires employees and the company to make equal monthly contributions. Mistakes made during PF data entry can lead … Read more
Securing a pension after retirement is a significant concern for private employees. Understanding the concept of a family pension, a crucial provision by the Employees’ Provident Fund for financial security, is paramount. Let’s delve into this pension’s eligibility, qualifications, and benefits. In today’s world, financial security is a top priority for any family. Many employees, … Read more
The retirement fund body Employees Provident Fund Organization (EPFO) fixed the EPF Interest Rate 2024 at 8.15% on the Employees Provident Fund (EPF) for the financial year 2022-23. For the unversed, an employee’s EPF contribution is credited to their EPF account every month, and interest is calculated every month. However, the total interest for the … Read more
Employees are expected to receive good news soon, as a proposal to raise the Provident Fund account contribution from Rs. 15,000 to Rs. 21,000 has reached the Union Finance Ministry. This long-demanded proposal is likely to be positively considered. If it is approved, the maximum pension for employees working in the organized sector will be … Read more