Tag: new epf rules 2018

The new EPFO rules are big news! People who have a PF account will get a lot of help. See what EPFO’s new rules are.
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The new EPFO rules are big news! People who have a PF account will get a lot of help. See what EPFO’s new rules are.

In point of fact, Corona and other factors have caused the loss of employment for lakhs of people. In circumstances like these, this modification to the rules will provide the people with some measure of respite. How does one go about withdrawing money, and what are the three prerequisites? To be able to transfer money from provident fund (PF) to life insurance company (LIC), one must comply with the new EPFO rules. You are need to begin by submitting EPFO Form 14. Following this, the insurance held by LIC and the EPFO account will be connected to one another. The holder of the account will be able to make their LIC premium payment in this manner. The second requirement is that you should have at least the equivalent of two months' worth of premiums saved up in your account before yo...