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In this age of job-hopping would it be better to withdraw the EPF amount or transfer it?
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Rights of employees under the epf scheme

Posted 01-31-2010 at 06:16 PM by taurus (EPF - transfer or withdraw.)
Each member of the EPF have many rights as provided under the EPF Act and Scheme.
  • Right to membership of PF, Pension and EDLI Schemes for every employee of covered establishment drawing monthly Basic pay and D.A. upto Rs.6500/-
  • To receive Annual Statement of Provident Fund account by 30th September of the following year.
  • To obtain claim form free of cost from any Provident Fund Office.
  • To obtain assistance/guidance from Public Relations Officers
...
Attached Files
File Type: pdf BILL OF RIGHTS OF EMPLOYEES.pdf (58.9 KB, 254 views)
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Views 405 Comments 2 taurus is offline
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How to claim EPF after death of a subscriber?

Posted 04-19-2009 at 06:31 PM by taurus (EPF - transfer or withdraw.)
Claiming of EPF on death of a subscriber


On death of a member, the Provident Fund amount is payable immediately to the nominee/s.

If there is no valid nomination the Provident Fund amount is payable equally to all the eligible members of his family.

If both nominee and ‘family’ members are not applicable the legal heir is eligible to claim the Provident Fund dues of the deceased member.

In such cases the claim is...
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Views 677 Comments 0 taurus is offline
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Rating: 1 votes, 5.00 average.

EPF Balance on-line

Posted 11-23-2008 at 04:36 PM by taurus (EPF - transfer or withdraw.)
Updated 01-12-2009 at 08:41 PM by taurus
Many members repeatedly query how to check EPF balance on-line.

Now i find that there is also such a facility in the Pune EPF office. The link is http://www.epfopune.gov.in/balance.aspx
Attached Files
File Type: doc EPF_Balance_on-line.doc (23.5 KB, 45820 views)
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Views 25254 Comments 54 taurus is offline
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Rating: 1 votes, 5.00 average.

EPF - Withdraw or transfer?

Posted 11-22-2008 at 04:17 PM by taurus (EPF - transfer or withdraw.)
Updated 01-19-2009 at 11:12 PM by taurus (add info)
When one hops from one job to other is it better to withdraw or transfer the EPF amount?

MS BANGA spent 22 years at Hindustan Lever Limited before becoming chairman of the company.

Some of us know about how his loyalty reaped him rich dividends in terms of respect, position, salary, etc. But not many know of the benefit that Banga and other long runners like him have garnered, that of an unbroken Employees' Provident Fund.

Your company PF could build you...
Attached Files
File Type: pdf EPF Transfer.pdf (9.1 KB, 3237 views)
File Type: doc TRANSFER OF PROVIDENT FUND ACCOUNTS.doc (26.0 KB, 2754 views)
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Views 8954 Comments 36 taurus is offline
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Responsibility to settle the claims within 30 days

Posted 10-19-2008 at 05:23 PM by taurus (EPF - transfer or withdraw.)
This explains the legal provision which can be used for RTI applications
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Views 978 Comments 1 taurus is offline
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Rating: 1 votes, 5.00 average.

BIFR and EPF claims

Posted 10-17-2008 at 08:14 PM by taurus (EPF - transfer or withdraw.)
Some special queries are received regarding settlement of EPF claims in the case of employees of establishments that have unfortunately come under BIFR. This is to clarify the position in such cases.
Attached Files
File Type: doc BIFR and EPF.doc (21.5 KB, 763 views)
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Posted in Uncategorized
Views 595 Comments 0 taurus is offline
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Employees Provident Fund - A Guide

Posted 09-19-2008 at 11:08 PM by taurus (EPF - transfer or withdraw.)
Updated 01-29-2009 at 10:36 PM by taurus (adding info)
EPF-FAQ.doc

This is an attempt to give a broad idea about EPF since repeated queries are being raised in this forum on EPF.

An important legal provision guanteeing settlement of claims within 30 days is available under Para 72 (7) of the EPF Scheme as follows:
7) The claims, complete in all respects submitted along with the requisite documents shall be settled and benefit amount paid to the beneficiaries within 30 days from the date of its receipt by the...
Attached Files
File Type: doc EPF BALANCE AND TRANSFER 1.1.doc (29.0 KB, 7529 views)
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Posted in Uncategorized
Views 20720 Comments 33 taurus is offline

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