• Team Antworks

EPFO or the Employees’ Provident Fund Organization, is a statutory body created by the Indian Government. The EPFO is one among India’s largest social security organizations since it covers a vast number of beneficiaries and undertakes a high financial transaction volume. This falls under the under the administrative power of the Ministry of Labor and … Continue reading “EPFO – Employee Provident Fund Organization”

• Team Antworks

At present, 8.65% is the rate of interest applicable on EPF contributions made by the employer and the employee. The calculation of the actual interest received depends upon the salary of the employee and also on the break-up of employer’s PF contribution Division of EPF Contribution EPF contribution is divided into the following two distinct … Continue reading “EPF Interest Rate Calculation”

• Team Antworks

The EPF account holders can check their EPF account statement online through the online passbook facility that is the e-Passbook. Through the EPF e-Passbook one can easily get all the details of your EPF balance and you can check the status at all times. How can you access the EPF e-Passbook? To avail the e-Passbook facility, you will have … Continue reading “EPF e-Passbook”

• Team Antworks

The Employee Provident Fund Scheme India was enacted in the year 1952, replacing the Employee Provident Fund Ordinance, 1951. The EPF scheme is now known as the Employees’ Provident Fund and Miscellaneous Act, 1952. The EPFO, therefore, services an unusually large number of subscribers. This, coupled with the large number of associated transactions involved, ranks … Continue reading “EPF – Employee Provident Fund”

• Team Antworks

The Government of India launched the Digital Locker Scheme in February 2015. Digital Locker Scheme can be used by Indian residents to save their important documents. It acts as a personal electronic space for saving documents. Features of Digital Locker Scheme Safety of documents: Losing important documents is troublesome, so is saving your documents in a non-secure place. … Continue reading “Digital Locker Scheme”