tag:blogger.com,1999:blog-8469400657669284138.comments2023-11-14T15:53:46.805+05:30Invest Money BetterJigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.comBlogger469125tag:blogger.com,1999:blog-8469400657669284138.post-74457829073307844852013-04-27T01:23:45.744+05:302013-04-27T01:23:45.744+05:30Thanks JigVishu.. After reading the Anonymous comm...Thanks JigVishu.. After reading the Anonymous comments of the agent, it looked to be like he was debating only because his Roji-Roti comes from selling Endowment and Money-back schemes. But with the mathematical explanation that you have given, I am totally convinced that Term Insurance + PPF makes sense. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-66713067451691599852013-04-06T13:20:35.730+05:302013-04-06T13:20:35.730+05:30Hi,
1) EPF account will be become dormant-Inactiv...Hi,<br /><br />1) EPF account will be become dormant-Inactive if no deposit for 3 years. Rule for Pension eligibility - you should have mimimum of 10 years of contribution without withdrawal.<br />so it does not matter if your epf account is inactive.<br /><br />2) if your EPF account is 5 years old then withdrawal will be free from tax.<br /><br />Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-5056786203556431812013-04-05T11:51:48.401+05:302013-04-05T11:51:48.401+05:30Hi Vishnu,
1) In order to be eligible for pension...Hi Vishnu,<br /><br />1) In order to be eligible for pension plan, For how many months PF account can be idle ? (eg: If i quit the job and not depositing any amount into my PF account ?<br /><br />2) To avoid tax when can we withdraw our PF amount ?<br /><br />With regards,<br />SurenderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-76952323419010873822013-04-04T21:50:33.311+05:302013-04-04T21:50:33.311+05:301) Minimum 10 years of EPS contribution is require...1) Minimum 10 years of EPS contribution is required to get Pension if you live till your retirement.<br />1.1If you die then family will get pension immediately(I will verify it again - ans 1.1).<br /><br />2) Unless You dont withdraw EPF and EPS then you can still get pension provided there is total 10 years of contribution.<br /><br />3) It's good to tranfer old EPF money to new PF account Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-37003427828276114502013-04-04T13:48:32.326+05:302013-04-04T13:48:32.326+05:301)For how many years we have to continue depositin...1)For how many years we have to continue depositing our PF amount(EE+ER) to get pension if we are alive/nominee gets pension if we are not alive ?<br /><br />2)If any gap is there in depositing PF amount, will we get pension ?<br /><br />3) If we are moving to new/other organization, creating new PF account is good ?<br /><br />4) If we are moving to new organization, if we withdraw amount Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-31299838406588667912013-03-26T22:03:09.447+05:302013-03-26T22:03:09.447+05:30Hi Srikanth
Your Pune account is inactive now so ...Hi Srikanth<br /><br />Your Pune account is inactive now so you can not check balance online. If possible then I will suggest check with EPFO pune office directly.<br /><br />Else you can apply for PF transfer in new company from Pune company.<br /><br />OR contact old company to update status.<br /><br />I hope this will help.Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-25680097681636791762013-03-26T21:59:44.969+05:302013-03-26T21:59:44.969+05:30Hi Sanju,
Correct balance = ER+EE.
This balance ...Hi Sanju,<br /><br />Correct balance = ER+EE.<br /><br />This balance is updated till ACCOUNT UPDATED DATE mentioned in your SMS<br /><br />Generally it will be MAR-12.<br /><br />Please let me know if you have different queriesJigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-24236237371598651572013-03-25T21:20:19.305+05:302013-03-25T21:20:19.305+05:30Hi, I want to what is the correct EPF Balance. I c...Hi, I want to what is the correct EPF Balance. I checked it the balance enquiry site and got an amount as EE Amt: Rs. 7046 and ER amt: Rs.2153. Wat is the correct balance. Googyanhttps://www.blogger.com/profile/16878641104084756360noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-74831815586940443642013-03-24T23:00:23.590+05:302013-03-24T23:00:23.590+05:30Hi,
This is Srikanth, I was working with a compan...Hi,<br /><br />This is Srikanth, I was working with a company in Pune and I left that company in October 2005. I submitted a PF Transfer form in my new company just after I join in November 2005. I have never tried to know whether my Pune PF amounts are transferred or not... but today when I come to know about the online PF status websites, I tried to get the details of my new company and it SriJeffcityhttps://www.blogger.com/profile/14876254751841802183noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-88008555649497944182013-03-06T21:53:54.349+05:302013-03-06T21:53:54.349+05:30Hi Kartik,
You have to fill Form 13
http://www.ep...Hi Kartik,<br /><br />You have to fill Form 13<br />http://www.epfindia.com/downloads_forms.html<br /><br />and Submit it to your previous employer. They will stamp it and submit to EPFO. EPFO will transfer money to new account. <br /><br />You can not withdraw money to your bank account and transfer to new PF account..<br />Either you can Withdraw or Transfer it<br /><br />Process will take 2-3Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-25233760606658541132013-03-06T18:32:50.774+05:302013-03-06T18:32:50.774+05:30Hi,
I have got a sms from EPFO.
EE AMT RS. Rs 811...Hi,<br /><br />I have got a sms from EPFO.<br />EE AMT RS. Rs 8119<br />ER AMT RS. Rs. 2480 (previous employer Bank Of America Continnum Solutions)<br /><br /> Now i am working in a private school and they have another PF account now i want to withdraw my previous PF amount to my present bank account / tranfer it to my new EPF account. What is the procedure for that. Please help me with this.<br karthikhttps://www.blogger.com/profile/06511355320540511273noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-82225041411054353132013-03-01T22:16:19.462+05:302013-03-01T22:16:19.462+05:30Hi SughoshSK.
Thanks for your comments. Nice to k...Hi SughoshSK.<br /><br />Thanks for your comments. Nice to know that this helped you to solve your concernsJigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-86676425709406734562013-03-01T04:24:12.414+05:302013-03-01T04:24:12.414+05:30Nice Artcle,I Was not aware that ER contribuition ...Nice Artcle,I Was not aware that ER contribuition involves PF + EPS Contribuition. thanks for this info and Clarity, Great Work Sir Keep it up.....SughoshSKnoreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-53218708357164476342013-02-23T15:39:16.971+05:302013-02-23T15:39:16.971+05:30Hi Hit-s,
SMS shows EE and ER seperately.
You nee...Hi Hit-s,<br /><br />SMS shows EE and ER seperately.<br />You need to make total to get final EPF balance. that will indicate balance of Account updated Month-Year.<br /><br />and EPS amount will be additional amount then EPF.Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-72717597860568904862013-02-12T10:40:20.026+05:302013-02-12T10:40:20.026+05:30hi,
does it show total balance in the sms received...hi,<br />does it show total balance in the sms received? or total is EE+ER of the sms value?hit-shttps://www.blogger.com/profile/01422607480919953012noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-35978498446147158442013-02-12T10:37:20.289+05:302013-02-12T10:37:20.289+05:30hi,
what is the total balance in SMS? does it show...hi,<br />what is the total balance in SMS? does it shows both value as EE and ER and then we need to make total of amount? is it the balance?hit-shttps://www.blogger.com/profile/01422607480919953012noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-64984959318556125982013-02-11T13:46:21.245+05:302013-02-11T13:46:21.245+05:30Hi Tiyasa,
I am not sure.
your C:D transfer is co...Hi Tiyasa,<br /><br />I am not sure.<br />your C:D transfer is complete so C will not be active account now. So B:C transfer can not take place.<br />So Good Idea will be withdraw PF from Company B.<br />Company B can not deny your request. Ask them to give written justification or you tell them that you can complain to EPFO about their behavior.<br /><br /><br />Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-33001257620694277702013-02-08T14:51:58.841+05:302013-02-08T14:51:58.841+05:30Hi,
I had transferred my PF a/c of Company A to B...Hi, <br />I had transferred my PF a/c of Company A to B in 2010, B to C in 2011 and C to D in 2012.<br /><br />The transfer status is :<br />A to B : Settled<br />B to C : Still shows balance<br />C to D : Complete<br /><br />My question is what will happen if the transfer of B to C now takes place?? My current company HR suggested me to withdraw the amount but the Company B is not entertainingTiyasanoreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-47100795107850726802013-02-07T22:12:31.996+05:302013-02-07T22:12:31.996+05:30Hi Sham,
generally it takes 2-3 months time for e...Hi Sham,<br /><br />generally it takes 2-3 months time for entire process and Some EPFO center are slow in processing withdrawal request.<br /><br />So I suggest you wait for some time.Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-3555196648070773212013-02-07T12:58:12.464+05:302013-02-07T12:58:12.464+05:30Hi Vishu,
Thanks for all your patience replies. I ...Hi Vishu,<br />Thanks for all your patience replies. I need one more help. I have resigned from my previous org in Oct 17th 2012 and applied for EPF with drawl on Dec 21st 2012. On Feb 6th 2013 I received a SMS from EPFO saying "We have recived your application and is in process". Could you please update me how much time will it take to amount get credited?<br /><br />Thanks,<br />Sham_Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-43154549143258216232013-02-07T08:27:16.465+05:302013-02-07T08:27:16.465+05:30Hi Channa,
There could be couple of reason this e...Hi Channa,<br /><br />There could be couple of reason this error:<br />1) your PF is maintained by some private trust not by EPFO.<br />2) You are not entering correct Name while giving the data..Try different combination of 1st Name,last Name.<br />3) Your account is in inactive state for long time.<br />4) You have not selected correct Center under MH state.<br />You can try this suggestion.<brJigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-39589273871003263382013-02-07T02:48:04.523+05:302013-02-07T02:48:04.523+05:30HI...
I HAVE AN PF ACCOUNT OF MH/115878000/32...HI...<br /> I HAVE AN PF ACCOUNT OF MH/115878000/324, WHEN I TRY FOR CHECK MY PF BALANCE,ITS SHOWS "Invalid Member_id / Data not updated against this MH/BAN/0115878/000/0000324".PLEASE HELP HOW CAN I CHECK MY BALANCE.channahttps://www.blogger.com/profile/10873995107409423451noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-71697003219890152362013-02-06T17:06:29.868+05:302013-02-06T17:06:29.868+05:30Hi Manish Jain,
Your PF account is updated till M...Hi Manish Jain,<br /><br />Your PF account is updated till MAR-12<br />So PF is considered for 1st 9 months.<br />According to message it's 9*5279 =47511 <br />So nothing to worry it's 100% correct. You will get actual when you withdraw it.<br />Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-34579545131308114362013-02-06T17:00:10.991+05:302013-02-06T17:00:10.991+05:30Hi Friends/Readers,
If you can see your questions...Hi Friends/Readers,<br /><br />If you can see your questions and can not see answers then please check<br /> <br />http://www.investmoneybetter.com/2012/10/employee-provident-fund-epf-faq.html<br /><br />Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.comtag:blogger.com,1999:blog-8469400657669284138.post-15282049832018414322013-02-06T16:45:36.876+05:302013-02-06T16:45:36.876+05:30Hi Venkat Raj,
Your Basic is 6500
your PF contrib...Hi Venkat Raj,<br /><br />Your Basic is 6500<br />your PF contribution = 2270<br />Employer PF contribution = 2270<br /><br />PF = 2270* 18 =4896<br />From Employer contribution<br />1) EPS = 189*18 = 3403<br />2) ER = 82*18 = 1492<br />+ Interest will be calculated.Jigihttps://www.blogger.com/profile/15677872491975930388noreply@blogger.com