- Employees Provident Fund Organization (EPFO) has decided to increase theEmployees Deposit Linked Insurance (EDLI) scheme from the current Rs 3.60 lakh to Rs 6 lakh.
- The Apex decision making body of EPFO, Central Board of Trustees (CBT) hastaken the decision at 208th CBT meeting in Hyderabad.
- CBT has also removed the condition of continuous employment of one year in a company by the contributors.
- Employees Deposit Linked Insurance (EDLI) scheme will benefit four crore members of the EPFO.
- Union labour minister Bandaru Dattatreya has also launched an EPF mobile apprecently that would enable subscribers to access their Provident Fund (PF) details through their smart phones.
Thursday, October 8, 2015
EPFO raises PF insurance amount to Rs. 6 lakh
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