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You have very limited choice as to who gets your EPF, EPS, EDLI in case you die

You have very limited choice as to who gets your EPF, EPS, EDLI in case you die Concept by Muhabit ul haq Synopsis If you will your EPF and EDLI money to anyone other than the defined family members, then the nomination made in the scheme would override the beneficiary mentioned in the will. Similarly, EPS cannot be bequeathed via a will. Most salaried individuals have Employees Provident Fund (EPF) and Employees Pension Scheme (EPS) (provided certain conditions are satisfied) accounts. Along with EPF, an individual is also covered under Employees Deposit Linked Insurance (EDLI). Nomination in EPF, EDLI and EPS accounts are governed by the Employees Provident Fund & Miscellaneous Provisions Act, 1952. Under the Act, an EPF member can nominate only those people who are defined

EPFO Alert For Employees Link Aadhaar With PF Account To Avail EDLI Benefits

Employees Provident Fund Organisation (EPFO) has announced a new rule which went into effect on June 1. It has brought a change in Section 142 of the Code of Social Security 2020 making it mandatory to link Aadhaar Card with the Employees Provident Fund (EPF) account. According to the new rule, for those whose Aadhaar card is not linked with the UAN number of the PF account,

How to kickstart the Covid-battered economy

The deadly second wave of Covid battered an already bruised economy. India now needs policy vision out of the ordinary to restore consumer confidence, businesses and livelihoods - Issue Date: Jun 14, 2021

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