EPF scheme News

EPFO New Rule Update: In its 237th meeting, EPFO announced key changes to the Employees' Deposit Linked Insurance (EDLI) scheme. These updates will simplify the death claim process and increase insurance benefits, helping thousands of families every year. The EDLI scheme, introduced by the Government of India in 1976, provides life insurance to employees enrolled in the EPF scheme, ensuring financial support for their families in case of an untimely demise.

Retirement fund body EPFO on Thursday joined hands with Housing and Urban Development Corp (HUDCO) to enable its members avail credit-linked subsidy of up to Rs 2.67 lakh for buying affordable homes under PMAY.

Over four crore subscribers of the retirement fund body EPFO can now make down payment and pay EMIs from their EPF accounts to buy homes.

Government will amend EPF scheme to enable around 4 crore members of retirement fund body EPFO to withdraw up to 90 percent of their fund for making down payments while buying homes.

Government will amend EPF scheme to enable around 4 crore members of retirement fund body EPFO to withdraw up to 90 percent of their fund for making down payments while buying homes, Parliament was informed on Wednesday.

Subscribers of retirement fund body EPFO can now withdrawal money from their PF account using one common form and will not be required to file documents like marriage invitation cards for taking advances.