Del HC: Pre-SCN Consultation is Unnecessary in Large-Scale GST Fraud Cases with Complex Transactions || Calcutta HC: Unilaterally Appointed Arbitrator Violates Natural Justice and Sets Aside the Award || Raj HC Upholds Padmesh Mishra’s AAG Appointment, Noting Advocacy Skill isn’t Tied to Experience || Supreme Court: Photographing a Woman not Engaged in Private Acts Does not Constitute Voyeurism || SC Directs UPSC to Permit Scribe Changes Till Seven Days Before Exams and Review Screen-Reader Use || Madras HC: Freedom of Religion Cannot Extend to Disturbing Peace Within Temple Premises || Delhi HC: Lokpal Cannot Form a Prima Facie View on Corruption Without Hearing The Official || MP High Court: DRT Cannot Restrict or Impose Conditions on a Person's Foreign Travel || Bombay HC: Results of Dec 2 And 20 Local Body Election Must be Declared Together || Delhi HC: Employment Disputes Cannot be Treated as Commercial Cases under the Act

EPFO beneficiaries to get payment through electronic or digital fund transfer system- (Press Information Bureau) (18 May 2017)

MANU/PIBU/0545/2017

Labour and Industrial

The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefits, pension disbursement and insurance claim. For this purpose, suitable amendments have been made in all the three social security schemes administered by EPFO. Such move is likely to benefit 4.5 crores EPF subscribers and around than 54 lakhs pensioners. Now, payments will be made to the beneficiaries through electronic or digital fund transfer system only ensuring quick transfer of funds, easier tracking and reconciliation thereof.

Tags : EPFO BENEFICIARIES PAYMENT DIGITAL FUND TRANSFER SYSTEM

Share :