Following the CBT’s final approval, EPFO members will be able to withdraw up to Rs 5 lakh under the auto settlement of advance claims ... from 10 days to just 3-4 days. New system for provident fund ...

Unlike the U.S. Social Security system, workers in provident funds often only pay into their own retirement account, rather than a group account, so in this sense, a provident fund is similar to a ...

They also share some traits with pension funds. Workers contribute a portion of their salaries to a provident fund. Employers also contribute on behalf of their employees. With some funds ...

In a major boost for its 7.5 crore members, the Employees' Provident Fund Organisation (EPFO) has decided to enhance the auto settlement of advance claim (ASAC) limit by five times—from the current Rs ...