EPF: Which claim form you should use? An explainer
I. When you are looking for an advance from provident fund account: In this case you need to apply for a composite form (aadhaar). For this you need to apply in form 14.
You can apply in form 10D. And in case you have not completed 10 years of eligible service as on 58 years of age then you can apply for composite claim form (aadhaar) and composite claim form (non-aadhaar). Meanwhile, in another news, EPFO has announced to put the enhancement of gratuity on account of increase in dearness allowance (DA) in abeyance with immediate effect.
Government has raised additional dearness allowance (DA) and dearness relief (DR) to central government employees and pensioners effective January 1. The DA was raised from 46 percent to 50 percent of the basic pay or pension. This was set to benefit nearly 4.9 million government employees and 6.79 million pensioners, costing the exchequer total of around ₹12,868.72 crore.
ALSO READ: Cabinet approves 4% hike in Dearness Allowance for government employees The decision of raising the DA and DR was taken in the run up to general elections and was aimed to soften the impact of inflation on government employees and pensioners. Additionally, EPFO has released a circular announcing a new email ID with regards to NPS related matters. The new email id is epfohq.nps@epfindia.gov.in.
Read more on livemint.com
