EPF Pensioners: What is ‘Nirbadh Seva’ that will help members get instant PPO number after retirement – check details!

 

EPF Pensioners: The mission of EPFO is to meet the evolving needs of comprehensive social security in a transparent, contactless, faceless, and paperless manner. 

The Employee Provident Fund Organisation (EPFO) has announced a new service – ‘Nirbadh Sewa’ in the new year. By availing this facility, members registered with the EPFO can get pension without any delay within days of their retirement. 

Read More: New EPFO members: Women outpace men

EPFO shared the benefits of ‘Nirbadh Sewa’ through an infographic on its official Twitter handle.

The Ministry of Personnel and Public Grievances (Personnel Public Grievances and Pension) had ordered EPFO to resolve the pension-related complaints (EPF Pension Grievances) of the members as soon as possible.  

EPFO has launched the Nirbadh Seva scheme with the aim to provide seamless service to its members by providing the pension payment order (PPO) immediately upon retirement. 

EPFO To Organise Nirbadh Seva Webinar  

Earlier, EPFO members used to face many difficulties in generating their PPO numbers for their post-retirement pension. 

Read More: EPFO likely to come out with another detailed circular on higher pension

To counter this malady, EPFO has decided that the retiring employees will get help in guidance and training related to PPO and pension through Webinars under Nirbadh Service. “Employees retiring within 3 months are being invited for guidance and training in webinars along with employers,” the organisation said. 

EPFO is one of the world’s largest social security organisations in terms of clientele and the volume of financial transactions undertaken. At present, it maintains 24.77 crore accounts pertaining to its members, as per the annual report 2019-20. 

The mission of EPFO is to meet the evolving needs of comprehensive social security in a transparent, contactless, faceless, and paperless manner. 

Source :
Zeebiz

RELATED ITEMS:, , , , 

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the ...
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the I...
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5...
Read more