EPFO Account Bonus: Good news is coming for employees. From August 1, 15 thousand rupees will be transferred to the EPFO accounts of 47 thousand people working for the first time in Noida. About 47,000 employees will benefit from this.
This benefit will be available only to Noida-based employees. It has been started for those with a monthly salary of less than one lakh rupees. The amount will be transferred in three instalments.
If your monthly salary is more than one lakh rupees, you will not benefit from 15,000. This amount will be deposited into the EPFO account in three instalments. The organization kept UAN active by organizing camps.
According to the Regional Provident Fund Organization, companies have been asked for data on employees who started jobs after August 1. If the report is to be believed, about 47,000 people began their careers after August 1. The activation of the UAN number of people appointed for the first time is being done.
For this, the Regional Provident Fund Organization organized about 200 camps to activate the UAN numbers of 11000 people. Rs 15,000 will be given only after the employee’s UAN number is activated. If a person’s employment ends within a year, he must return this money.
The second scheme aims to create employment in the manufacturing sector. You must have an Aadhaar card linked to your bank number and an active UAN to take advantage of it.
The company also contributes.
The company also deposits the same amount in the PF account as is taken from the employee’s salary. Currently, 12% of the employee’s salary is deposited in the PF account. The company provides some information about contribution; let us tell you that EPFO members can complete their process by going to the portal and clicking on Activate UAN.