Many contactors are despositing money in EPF accounts of labour and the labour is clue less. This money is lying unused. How does EPFO plan to correct this and ensure the beneficiary gets his share/due. more
Vijay Kanaujia - I think that earlier also I have suggested that EPFO office has to develop a new software through which the poor people can get their money without much difficulty and they need not pay any kind of bribe to anybody in the EPF Office. The poor man has to open the online software and give his details for getting his money easily transferred to his bank account without delay. This has to be done by them in such a manner. more
This is becomes more complex issue together with the indecent and indifferent functioning of our PF offices. They have unnecessary tedious procedures, systems and mant water tight compartments that, poor people will find that they will have to spent more in travel expenses and bribes than his due money so let it go. more
Contractors are never bothered about the PF contribution of the labours and it at any cost is going to be benefitted to them. Hence, the recovery of the PF money by the contractors has to be stopped and the employer is responsible to recover the money and deposit in the PF account on their name with all required details which will be given back in later date. more
Our is the most undisciplined nation because of wide spread corruption and lethargy in the judiciary. Mostly culprits escape punishment. This is basic reason of Crime graph going up. Employer will pass on the PF deduction to the labour only when we knows that he will have to face strict punishment otherwise. Loop hole need to be plugged. more
This money never comes back to labour force. The labour changes from one job to another in temporary jobs and due to their illiteracy and unawareness, the PF contribution is also not being transferred from one company to another. The to be transferred is generally very small (for wages for less than 6 months to avoid absorption) and efforts by others do not appear to be commensurate with the PF money in question for transfer never to talk of withdrawal. Thanks Mr. Naveen Goel for raising this important issue for welfare of poor labour class. more
My retirement has only 4 months. Before retirement I would like to settle my all-personal loans having @12.2 lacs. But I have only source is PF which is now accumulated more than Rs. 32 lacs. Shall...
Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book? Such delays also cause financial loss to members who have to do a final withdrawal...
EPFO has now allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the ‘actual basic salary’ towards pens...
Dear Respectable Members, I am not sure what guidelines OR procedures to get higher pension from EPF/EPS. I am having only News paper information, that is 6th May 2023 as last date to su...
After recent retirement, I had applied for full PF-amount-release, which was subsequently shown as settled. On the EPF Portal, it shows as - "Your Claim [ Claim Id - xxx ] has been Settled. P...
Earlier I applied form 10D offline at RPFO cuddapah (AP) for pension claim on superannuation. There was no response for verification of scheme certificate for about 3yrs. Finally I could get verif...
On Monday, EPFO announced that all the eligible members of the provident fund body can now opt and apply jointly with their employers for higher pensions till May 3, 2023. Earlier, the deadline for...
MORE IMPORTANT IS RULE, APPLIED ON US FOR LATE PAYMENTS. EPFO ,LOOKS LIKE AN ADMINISTRATIVE INSTITUTION, NOT SERVICE SECTOR. THEY SHOULD PAY. WE SUFFER FOR LATE PAYMENT.THEY CARE FOR NONE.EVEN BAN...
When a payment for advance tax is made late, we have to pay a penal interest to the government. Here EPFO has delayed interest credit by 11 months. Shouldn't they be liable to...