EPFO Alert: EPFO’s warning for crores of jobbers, those that ignore them can be hit onerous

EPFO Alert: In case you are additionally employed, then an alert has been issued for you by EPFO. For this, it’s not obligatory that you’re a authorities worker or work in a non-public firm.

Being a member of EPFO ​​signifies that your PF is deducted each month. An alert has been issued by the Workers’ Provident Fund Group (EPFO) for the workers whose PF is deducted. This alert has been issued in the previous few days after many frauds within the identify of EPFO ​​got here to the fore.

EPFO doesn't ask for private info

Such alerts have been issued by EPFO ​​up to now as nicely, however in the previous few days the instances of fraud have elevated quickly. It was informed by tweeting on behalf of EPFO ​​that EPFO ​​by no means asks for private info like PAN, Aadhaar, UAN, checking account and OPT from its members by way of cellphone, social media, WhatsApp and many others.

Don't reply calls or WhatsApp calls

EPFO ​​warned that EPFO ​​by no means asks to deposit any form of cash by way of social media, WhatsApp and many others. for info associated to any service or for the rest. In such a state of affairs, all of the members are suggested to not reply any such name or WhatsApp name.

Employer’s share is deposited in two elements

12 p.c of the essential wage and dearness allowance of EPFO ​​members is deposited within the EPFO ​​account. Equally, 12 p.c of the essential wage needs to be paid by the employer. There are two elements on this 12 p.c. Out of 12 p.c, the primary a part of 8.33 p.c goes to Worker Pension Account (EPS) and the remaining 3.67 p.c quantity goes to EPF account. There's a provision for the worker to get this quantity on retirement. However you may take away it if wanted even throughout the job.

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