EPFO launches online PF transfer facility for PF trusts

  Provident fund accounts with privately held PF trusts can now be transferred online to accounts maintained by the retirement fund body EPFO.  At present, workers are required to file PF transfer claims on changing jobs to consolidate their PF accounts and benefits under the Employees’ Pension Scheme 1995 run by the Employees’ Provident Fund Organization …

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New Amendment In Maternity Act

AMENDMENT TO MATERNITY LAW: EXTENDED TIME TO EMPLOYERS TO PROVIDE CRECHE FACILITIES Maternity law in India recently amended enhancing maternity benefits Establishments having 50 or more employees to provide creche facility. The provisions of the amended maternity law have come into effect from April 1, 2017 Corrigendum clarifying that the provision relating to creche facilities shall …

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EMPLOYEE PROVIDENT FUND (EPF)

Employee Provident Fund (EPF) is one of the main platforms of savings in India for nearly all people working in Private sector Organizations. The main aim of the EPF scheme is to promote retirement savings for employees across India. The Employees’ Provident Fund (EPF) is a corpus of funds built through regular, monthly, contributions made …

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