The FinTech Hub
Source: Live Mint The Employees Provident Fund Organisation (EPFO) has once again extended the deadline for UAN (Universal Account Number) activation and seeding of bank accounts with aadhaar for those subscribers who want to avail the benefits under ELI scheme. “The competent authority has granted an extension of timeline for UAN activation and aadhaar seeding in…
Source: Live Mint Do you contribute a part of your salary to the Employees Provident Fund (EPF)? If yes, you are eligible for life insurance up to ₹7 lakh under the Employees Deposit Linked Insurance (EDLI) scheme. In other words, if an EPF member passes away while in service, the Employees Provident Fund Organisation (EPFO)…
Source: Live Mint Employees Provident Fund Organisation (EPFO), the government’s social security schemes manager, has clarified that an overlap in service periods cannot be a ground to reject the transfer claims of employees. The body highlighted that overlapping service periods may occur due to genuine reasons, and hence, the transfer claims, which allow members to…
Source: Live Mint At this point Shenoy happened to find out about FinRight, a provident fund (PF) consulting startup founded by Mumbai-based Amey Kanekar, on LinkedIn. “I immediately reached out to them. It took them only three-four months to get it all sorted against a fee of ₹10,000-20,000,” he said. Ramya Lakshmanan has a similar…
Source: Live Mint The Employees Provident Fund Organisation (EPFO) introduced several reforms in 2025 to simplify and digitise the process. Here are the five most significant changes made by EPFO this year. Digitisation of the joint declaration process EPFO has digitised the joint declaration process from 16 January 2025 onwards. By linking the Universal Account…
Source: Live Mint If you have a large Employees Provident Fund Organisation (EPFO) corpus, you could opt for the partial withdrawal in case the need arises such as buying a house or wedding of a daughter. The permission of partial withdrawal is typically given subject to meeting certain criteria. In order for PF partial withdrawal, an…
Source: Live Mint NEW DELHI : When we switch jobs, we are told to transfer our employee provident fund (EPF) to the new employer. This requires filling out Form 13. Some people ignore this, and in some cases, it doesn’t happen even after they apply for it. We have compiled five reasons why you must…
Source: Live Mint Employees provident fund (EPF) subscribers are entitled to withdraw their money after they quit their job. Typically, the money can be withdrawn two months after leaving the job. However, if someone is going abroad or an employee (female) quits her job to get married then the subscriber does not need to wait…
Source: Live Mint EPFO: Are you an EPF subscriber looking to check your account details with just a missed call? You can do that easily, but first, ensure your Universal Account Number (UAN) is linked to at least one of the following: your bank account, Aadhaar or PAN. In such a case, the subscriber only…
Source: Live Mint Employees Provident Fund Organisation (EPFO) has simplified the process of transferring the claims by revamping the form 13 functionality while incorporating the bifurcation of taxable and non-taxable components of PF accumulations. With the changes in force, the provident fund transfer claim does not need to be processed again by the destination office…
