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June 22nd, 2016, 12:25 PM
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CMC Limited Staff Provident Fund
Hello sir I am employee of CMC Limited and I want to know about the staff Employees' Provident Fund (EPF) – so please provide me the details ?? As you want to know about the Employees' Provident Fund (EPF) as under the details:: Employees' Provident Fund in India The EPF is one of the major platforms of savings for all employees working in Government, Public or Private sector Organizations. It came into existence with the spread of the Employees' Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees' Provident Funds Act, 1952. It is now referred as the Employees' Provident Funds & Miscellaneous necessities Act, 1952 which extends to the whole of Indian except Jammu and Kashmir. Benefits To Employees Under Epf Scheme Employee Provident Fund is a very vital investment for the necessities of our future. The tax free interest and the maturity award make sure a very good growth to your money. If the PF money continued for a very long period of time, it can help in meeting employee's requirements including his retirement goals. At this time the EPF can be very obliging because the kinds of benefits it provides no other investment may offer the similar remunerations: The PF can be used for multiple purposes at different moments as it guarantees benefits such as: Accumulation plus interest upon retirement, resignation and death Partial withdrawals allowed for specific expenses such as house construction, higher education, marriage, illness etc. get more details find blow link india.gov.in/spotlight/employees-provident-fund-your-savings-future Last edited by Neelurk; April 8th, 2020 at 03:27 PM. |
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