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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