PM Narendra Modi announced the Integrated Ombudsman Scheme for retail participation on November 12th 2021. This focuses on strengthening the customer grievance redressal mechanism. Under the Integrate Ombudsman Scheme, all complaints with respect to banks, non-banking financial companies (NBFCs) and...

Universal Account Number (UAN) is the unique number allotted to EPFO members. Multiple EPF accounts are linked to a single UAN. However, there can be instances where an individual has two active UAN numbers. Having two active UANs is against...

EPF members can avail various services such as checking EPF account balance, tracking status, etc. Also, a member must register their mobile number. However, there will be instances where the mobile number is changed. You need to update your mobile...

Aadhaar is an important document for various purposes. Be it as identity proof or address proof, having the Aadhaar details up to date is essential. As per Government regulations, many processes are linked to Aadhaar. Furthermore, to update any details...

National Pension System (NPS) is a long-term investment scheme that offers tax-saving and pension benefits. This scheme is regulated by the Government of India and the Pension Fund Regulatory and Development Authority (PFRDA). The returns from NPS are market-linked, and...

Certain public and private sector companies have their own PF trusts to manage employee contributions. These companies manage the contributions instead of sending them to the EPFO. Such companies are known as Exempted PF Trusts. Exempted PF Trust Contributions In...

Employee State Insurance (ESI) is for Indian workers. Under the scheme, the workers get a variety of medical, monetary and other benefits. Both the employer and employee contributions towards the scheme. Employee State Insurance Corporation (ESIC) manages the insurance scheme....

ESI is self-contributing social security and health insurance scheme. The full form of ESI is Employee State Insurance. The scheme offers financial assistance to an employee during sickness, maternity and employment injury. Furthermore, it also covers for medical expenses of...