Employee Pension Scheme (EPS) is a mandatory savings scheme for employees whose basic salary plus Dearness Allowance (DA) is up to INR 15,000. The maximum EPS contribution by the employer is 8.3% of basic salary + DA. EPS offers a...

Members registered on the EPFO portal can use the online withdrawal facility for processing their withdrawals. You can withdraw the entire EPF balance upon retirement. Furthermore, if you are unemployed for more than two months, you can withdraw the PF...

EPF Form 5 is an important form for companies that are registered under the Employee Provident Fund Scheme. The main purpose of Form 5 is to inform the Official EPFO Website about new joinees who are eligible for EPF services....

PF Form 2 focuses on the nominees. The form requires details pertaining to the nominee(s) and the percentage of corpus to be distributed to them. In the event of the employee’s untimely demise, the nominee will be eligible to withdraw...

EPF Form 11 is a self-declaration form that an employee must fill while joining a new organisation to transfer a PF account automatically. However, the new employer must be covered under the Employees Provident Fund (EPF) scheme as per the...

Members of the EPFO are, by default, part of the Employee Pension Scheme (EPS). On retirement, the individual is eligible for a regular pension. To apply for the pension amount, one needs to submit the EPF Form 10D. Therefore, the...

The future is always uncertain, and being well prepared for it is what we can do today. Insurance is one of the best ways that offer financial support to the family. The Government in 1976 introduced the Employees Deposit Linked...

Employee Pension Scheme (EPS) is a social security scheme from the Employees’ Provident Fund Organisation (EPFO). The main purpose of the scheme is to make provisions for employees in the organised sector for pension. However, for a person to be...