Tuesday, January 31, 2023

EPFO Alert: EPFO’s warning for crores of jobbers, those who ignore them will be hit hard

EPFO Alert: If you are also employed, EPFO has issued a warning for you. You don’t need need to be employed by the government or a commercial business. Being a member of EPFO means that your PF gets deducted every month. An alert has been issued by the Employees’ Provident Fund Organization (EPFO) for the employees whose PF has been deducted. This alert has been issued after many frauds in the name of EPFO came to the fore in the last few days.

EPFO does not ask for personal information

Such alerts have been issued by EPFO earlier also, but in the last few days, the cases of fraud have increased rapidly. On behalf of EPFO, it was tweeted that the organization never contacts its members by phone, social media, WhatsApp, or other messaging apps to request personal information such as their PAN, Aadhaar, UAN, bank account, or OPT.

Do not answer calls or WhatsApp calls

The EPFO emphasized that it would never request payment via social media, WhatsApp, or any other platform. for any service or anything else. In such a situation, all the members are advised not to respond to any such calls or WhatsApp calls.

Employer’s share is deposited in two parts

Members of EPFO deposit 12% of their basic pay and dearness allowance into the EPFO account. In a similar vein, the employer is required to pay 12 percent of the basic salary. This 12 percent consists of two parts. Out of 12 percent, the first part of 8.33 percent goes to the Employees’ Pension Account (EPS) and the remaining 3.67 percent goes to the EPF account. There is a provision for the employee to get this amount on retirement. But you can remove it even during the job if needed.

Read More: EPFO Alert: Vital information for owners of PF accounts! EPFO issued a warning, warning of impending catastrophe.

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