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Withdrawing provident fund savings has long been a test of patience for salaried employees, often involving hours of rule-checking and, in many cases, rejected claims due to technical misunderstandings. In a significant move aimed at easing this process, the Employees’ Provident Fund Organisation (EPFO) has overhauled its withdrawal framework, drastically simplifying the rules that govern…
Expanding the scope of the scheme could lead to bigger pension payouts and improved retirement security for eligible employees. Source link [ad_3]
Last Updated:November 05, 2025, 08:21 IST EPFO partners with India Post Payments Bank to offer free doorstep Digital Life Certificate services for EPS95 pensioners. EPFO joins hands with IPPB for doorstep service to submit DLC at the comfort of the home. The Employees’ Provident Fund Organisation (EPFO) has tied up with India Post Payments Bank…
Last Updated:October 21, 2025, 8:21 PM IST These reforms highlight EPFO’s attempt to modernise pension services and make retirement planning more secure, transparent and flexible EPFO has revised pension calculation based on average salary of last 5 years. In a move that could significantly impact the retirement savings of millions of salaried employees, the Employees’…
Last Updated:October 06, 2025, 14:51 is Kerala High Court rules that higher pension cannot be denied to post-September 1, 2014, retirees if higher contributions were accepted by EPFO, offering relief to thousands. If a higher pension claim has been rejected or calculated on the capped salary, retirees can now approach the EPFO for recalculation, citing…
The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of age. The pension fund is contributed to by both employers and employees. Let’s assume the salary of the individual…
The monthly pension for an employee is determined by their service period, which is taken up to the next year if their service period is six months or more. For instance, a service period of 10 years 7 months would be taken as 11 years. Taking an employee drawing a basic salary of Rs 68,000…
The Employee Pension Scheme (EPS) is a retirement plan managed by the EPFO that provides a monthly pension to employees after they turn 58. You can also opt for an early pension at the age of 50. Under this scheme, both employees and employers contribute to the Employees’ Provident Fund (EPF), with a portion of…
The Employee Pension Scheme (EPS) provides a monthly pension to employees after age 58, based on their salary and years of service. For a basic salary of Rs 68,000, the monthly pension would vary depending on the years of service. Let’s calculate the pension for 15, 28, and 32 years of service to understand the…
The Employee Pension Scheme (EPS) gives you a fixed income after retirement. You can start receiving a pension at 58 or opt for early pension at 50. If you leave your job 10 years before turning 58, you can withdraw the pension amount in one go at 58. Let’s calculate your monthly pension with a…