EPFO or Employees’ Provident Fund Organisation is responsible for provident fund. In addition, Union Government is planning to increase entry level of PF. As per sources, minimum salary for PF is Rs. 21,000. However, earlier it was Rs. 15,000. Sometime ago Government announced EPFO housing scheme 2017 for EPFO members.

Changes in EPF policies

It seems that PF organisation is planning to help people in different ways. In this way, EPFO members will benefit. Moreover, Rs. 21,000 is the cap. Therefore, it will not be trouble for government as well. Additionally, it is now easy to Check EPF balance by UAN number.

Though EPFO plans to raise minimum salary to be Rs. 25,000. Still Labour Ministry said that Rs. 21,000 is best. This amount will be best for everyone. Furthermore, such decision will suit present situation. On the other hand, you can Withdraw PF amount easily. But for this you must follow some steps.

 

Current situation of PF allotment

Currently, employees who withdraw Rs.15,000 monthly. They are in the bracket of mandatory PF coverage. When new bill on EPF passes then many people will come under it. There are also many advantages of EPF. Besides, you can avail benefits under EPF Pensioners will get Medical Benefits.

Apart from that you can go for PF transfer online option. Because of this transferring PF amount from old PF account to new PF account is easy. Again for this you must follow steps. On other hand, EPFO increased threshold limit for PF deductions earlier also. All this is for the benefit of people.

Thus, you can know more about it at official website. For that you can check EPFO login member. Furthermore, you can check EPFO employer UAN login payment portal as well. However, final decision of PF coverage will take time. In addition, you must wait till the next announcement.