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PF Withdrawal: Avoid THESE mistakes while taking out money from EPF account

Provident fund withdrawal: Avoid these 5 mistakes while taking out EPFO PF money

Provident fund withdrawal: Avoid these 5 mistakes while taking out EPFO PF money Provident fund withdrawal: To claim your PF, avoid these 5 mistakes. Share Updated: Jul 12, 2021, 06:39 AM IST Mostly, a salaried person contributes around 10% of salary every month to the Employees’ Provident Fund (EPF). EPF is a saving scheme that is introduced by the Employees Provident Fund Organisation (EPFO). The EPF is also referred to as Provident Fund (PF), which is a government-backed scheme where the deduction is compulsory for salaried individuals. The employer and the employee contribute 10 per cent of the employee s basic salary each month to the Employee Provident Fund Organisation (EPFO).

Rs 82,000 cr lying in unclaimed bank a/cs, life insurance, mutual funds, PF: How to get your money back

Name and telephone number. The enormous unclaimed sum lying with life insurance companies is surprising. Life insurance is considered the bulwark of a financial plan and one would assume that a policyholder tells his family when he buys an insurance plan. Yet, the maturity proceeds of millions of policies are lying unclaimed with insurance companies, completely unknown to the people for whom this protection was bought. The insurance regulator has made it mandatory for insurance companies to display details of unclaimed amounts on their websites if the amount exceeds Rs 1,000. One has to log on to an insurance company website and key in the policy number, PAN of the policyholder, name and date of birth of the policyholder to know the unclaimed amounts with the company. If the details match the company’s database, it will show the name and address of the policyholder who may have an unclaimed amount with the company.

PF withdrawal request rejected? Avoid THESE mistakes to receive Provident Fund savings on time

Relief for employers: EPFO extends time to link Aadhaar with PF accounts