Showing posts with label epfo. Show all posts
Showing posts with label epfo. Show all posts

Thursday, August 31, 2017

PF EDLI Benefits - The Employees Deposit Linked Insurance Scheme 1976(EDLI)

PF EDLI Benefits - The Employees Deposit Linked Insurance Scheme 1976(EDLI)


Definition of PF scheme EDLI-1976 :-

In this scheme, unless the context otherwise requires
a) ACT means the Emploees Provident funds and miscellaneous provision act,1952
b) Assurance benefit means a payment linked to the average balance in the provident fund account of an employee payable to a person belonging to his family or otherwise entitled to it in the event of death of the employee while being a member of the fund.
c) All other words and expressions used herein but not defined shall the meaning respectively assigned to them in the act or Employees provident funds scheme 1952. this scheme shall be administrated by the central board constituted under section 5A of the Act.
d) The provisions of theis scheme shall com into force on the 1 day of August 1976.


PF - Epfo Employees Deposit Linked Insurance Schemes Benefits are according to the revised plan, the maximum benefit under the scheme Rs 1,30,000 contribution can be paid upto the maximum limit of wages under this scheme Rs.6500. Family get twenty times of the average salary of the last 12 months of member. This benefit given only incase of death of an employee who is member of the scheme at the time of the death.

PF - Epfo Employees Deposit Linked Insurance Schemes Nominations under the EPF scheme will be applicable for the EDLI scheme also.


Mode of payment of contribution :-The contribution by the employer shall be remitted by him together with administrative charges at such rate as the Central Government may fix from time to time under sub-section 4 of Section 6C of the Act, to the Insurance Fund within fifteen days of the close of every month by a separate bank draft or cheque or by remittance in cash in such manner as may be specified in this behalf by the Commissioner. The cost of remittance if any, shall be borne by the employer.
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PF Benefits PF Nomination - Employees Provident Funds Scheme 1952 Benefits and Nomination

PF Benefits PF Nomination - Employees Provident Funds Scheme 1952 Benefits and Nomination



PF Scheme 1952 Benefits are Accumulation plus interest upon retirement , resignation,death. Partial withdrawals allowed for specific expenses such as houjse construction,higher studies,marriage,illness etc...

PF Scheme 1952 Nomination : There is a common form for all the three schemes Form 2 (R) the nominations in case of EPF Scheme are also applicable for the EDLI scheme. Member not having any family member as defined in the said para can nominate any other person bu the nomination will become invalid in case of the member acquiring family. And third is Member having family can nominate any one or more of the family members as defined under the para 2 (F) of the EPF Scheme 1952.

Membership of the Fund

Classes of employees entitled and required to join the fund.....

1. a) Every employee employed in or in connection with the work of a factory or other establishment to which this scheme applies other than an excluded employee,shall be entitled and required to become a member of the fund from the day this paragraph comes into force in such factory or other establishment.

Every employee employed in or in connection with the work for factory or other establishment to which this scheme applies, other than an excluded employee , shall also be entitled and required to become a member of thefund from the day this paragraph comes in to force in such factory or establishment.

Contributions....

The contributions payable by the employer under the scheme shall be at the rate of ( ten per cent) of the ( basic wages, dearness allowance ( including the cash value of any food concession ) and retaining allowance payable to each employee to whom the scheme applies : provided that the above rate of contribution shall be twelve per cent in respect of any establishment of class of establishments which the central government may specify in the official gazette from time to time under the first proviso to sub section of section 6 of the Act.

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Sunday, May 25, 2014

EPF BALANCE CHECK ONLINE BANGALORE PF MEMBERS

KNOW YOUR EPF BALANCE STATUS    PF BALANCE ONLINE    PF BALANCE  ENQUIRY FOR BANGALORE PF MEMBERS .  .  .  .


Before you start to know about PF Balance, you should know your Provident fund number and EPF Region name , Region Code , Office Code , handy it is printed on your salary slip otherwise you will get it from your office assistants. Otherwise you will get it below . And Now you are working in Bangalore, karnataka state and do you want to check and know your EPF balance online or contact to the EPF office details as fallows.... 

Provident Fund is social security benefit for employees the following categories of employees are required to be enrolled to PF 1. permanent employees , 2. contract employees , 3. Daily wages employees , 4. Trainees , 5. Temporary employees , 6. Retired government employees including ex-service men. There is no minimum service period for enrolling an employee to PF an employee required to enrolled to PF from the date of joining in the establishment. 
you can get all the details about EPF Balance , EPF Transfer , EPF Satus , And EPF Withdrawl , EPF account statement. In earlier days EPF members facing lot of problems to know about these details but nowadays we need not to visit the EPF office inperson. we can check all the details from online itself.

Provident Fund Office Contact Address:
Employees Provident Fund Organisation, Regional Office , 13, Raja Ram Mohan Roy Road, Bangalore - 560025
Contact Public relation officer at 22279130 Fax : 22244161
email contact : sro.bangalore@epfindia.gov.in

To know your EPF balance : check here

To know your Establishment Information : click here

To know your EPF claim status : check here
Otherwise copy and paste the url  in to new browser
http://www.epfindia.com/MembBal.html


S.No
Designation & Station
Name of the officers
Designation under RTI
Phone Numbers office
1.
Regional Provident Fund commissioner(I)
Smt.Sarojini Rane
Appeliate Authority
080-22230118
2.
Regional Provident Fund commissioner(II)
Shri Hemong venkatesh
CPIO (F&A,Adm &pension)
22249133
3.
Regional Provident Fund commissioner(II)
Shri K.Aravindan
CPIO(Compliance, Recovery & Exemption)
22230112
4.
Assistant Provident Fund Commissioner
Shri Rakesh S Sekhar

22227949
5.
Assistant Provident Fund Commissioner
Shri Sachin Saurav

22227949
6.
Assistant Provident Fund Commissioner
Shri Rajesh Chandra
CAPIO (Adm)

22230061
7.
Assistant Provident Fund Commissioner
Shri K. Ramesh
CAPIO(FA & Pension)


22238201

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Tuesday, May 20, 2014

PF Benefits - The Employees Pension Scheme 1995 ( EPS ) Benefits and Nomination



The Employees Pension Scheme 1995 Benefits are Minimum pension on disablement. past service benefit to participants of erstwhile family pension scheme 1971. Amount of pension based on average salary during the preceding months from the date of exit and total years of employment. Monthly benefits for superannuation , retirement , disability , survivor, chhildren ,widow.

EPF - The Employees Pension Scheme 1995 nomination criteria or procedure are In case the member has no family, one person can be nominated. However such nomination will become invalid once the member acquires a family. Member has top give the names of spouse and all children in the prescribed form.

In the Employees Pension scheme 1995 , in exercise of the powers conferred by section 6A of the Employees provident funds and miscellaneous provisions Act ,1952 the central government here by makes the following scheme namely, this scheme may be called the employees pension scheme1995 and this scheme shall come into force on 16 th day of november 1995 and it is subject to the provisions of this scheme the employees have an otion to become the members of the scheme with effect from the 1st april 1993.


Subject to the provisions of section 16 of the Employees provident funds and miscellaneous provisions Act 1952 this scheme shall apply to the employees of all factories and other establishments to which the employees provident funds and miscellaneous provision acet 1952 applies or is applied under sub section 3 or 4 of section 1 or section 3 thereof.

Benefits to the family on the death of a member
(1) 28[Pension to the family] shall be admissible from the date
following the date of death of the member if the member dies ..
(a) while in service, provided that at least one month's
contribution has been paid into the Employees' Pension Fund, or
(b) after the date of exit but before attaining the age of 58, from
the employment having rendered service entitling him/her to monthly member's pension but 1[before the commencement of
pension payment or]
(c) after commencement of payment of the monthly member's
pension

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