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Amendments in EPF, EPS and EDLI Schemes - Implementation of Draft Benefit Transfer through electronic mode. - The Employees Provident Funds and Miscellaneous Provisions Act, 1952

As per the draft notification dated 4th May 2017 issued by EPFO, the payment of Provident Fund, Pension & Insurance shall be made only through electronic or digital funds transfer system of any nationalized banks or Scheduled commercial banks including regional rural banks or any post office or co-operative banks. The notification shall come into effect from the date of its publication in the Official Gazette.

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LK Nakashe Consultants Pvt. Ltd is India’s leading compliance & labour law consulting firm. Headquartered in Mumbai, we are ISO 9001 Certified & Crisil Certified, and we serve all 29 states and 7 union territories of India. Our service bouquet includes Registration & Renewal Services, End-to-End Monthly Compliance Services, Audit & Due Diligence Services, Advisory & Consulting Services, Payroll Management Services and Contract Staffing Services. Our client list of 750+ companies includes some of India’s biggest business conglomerates, MNCs, public listed companies & SMEs

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Amendments in EPF, EPS and EDLI Schemes - Implementation of Draft Benefit Transfer through electronic mode. - The Employees Provident Funds and Miscellaneous Provisions Act, 1952

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