Stock Market MF News

  If the investor has to file a complaint about the EPF account, then it has become easier. EPFO has started the Whatsapp helpline service for the quick resolution of complaints about PF members. According to the labour ministry, this EPFO Whatsapp helpline service is for resolving the complaints of EPFO. Other instruments of EPFO include EPFIGMS portal (EPFO's online complaint resolution portal), CPGRAMS, social media platform (Facebook and Twitter) and 24-hour call centre.   According to the Labor Ministry, EPFO has started the Whatsapp based helpline-cum-complaint service to make the life of its investor more accessible. The move is aimed at the delivery of services to the shareholders during the Coronavirus epidemic.   The Whatsapp service allows EPF stakeholder members to interact directly with the EPFO's regional offices at the individual level. Now EPFO Whatsapp helpline service has started in all 138 regional offices of EPFO. Any concerned EPF member, wher...

In May, the Indian government decided to reduce provident fund (PF) contribution from 12% to 10% for 3 months. This step was taken so that the employer in the COVID-19 period and the employer who gave them a salary, had some more money in their hands. These 3 months are now complete, so now from August, your employer will return to the old deduction rates. That is, from August, the EPF will be cut by 12 per cent as before. In May, Finance Minister Nirmala Sitharaman slashed the EPF contribution by 4 per cent for 3 months. As a result, employees of about 6.5 lakh companies benefited about Rs 2,250 crore every month.   As per the rule, the amount of money the employee deducts for the PF fund, the same amount of money the employer has to pay for this fund. In such a case, if your basic salary is 25 thousand rupees, then instead of 3000 rupees in PF, now the contribution of 2,500 will go and the same will be added to your company. That is, every month your PF fund will reach 1000 r...

The central government has changed the pension rules. With this, the pensioners who opted for commute pension at the time of retirement will re-apply full pension after 15 years of retirement. The Ministry of Labor has issued a notification to the new rules. This decision will benefit 6.3 lakh pensioners who retire before 26 September 2008. With the new notification, the full pension system will be re-implemented for EPFO employees 15 years after retirement. If an employee retires on 1 April 2005, he will get more pension after 15 years i.e. from 1 April 2020. Under the Employees Pension Scheme (EPS) rules, EPFO ​​members who retire before 26 September 2008 can take a maximum of one-third of the total amount of pension as a lump sum (commuted), while the remaining two to three of their lifetime pension. Used to be as under the current rules of EPF, EPFO ​​members do not get the option to get communication benefits. Under Section 12A of the Employee Pension ...