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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
Step 2 – The existing bank will then forward the certified copy of the account, the account opening application, nomination form, and specimen signature. It will also forward the cheque/dd for the outstanding amount in the PPF account to the new bank at the branch specified by the customer.
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It is part of the Digital India plan. The Digital India project aims to provide all government services to citizens electronically and is expected to be completed by 2018. [122] [123] In July 2014 the Employees' Provident Fund Organisation of India (EPFO) began linking provident fund accounts with Aadhaar numbers. [45]
Fayda ID has its basis on the Ethiopian 10 year development plan, [4] Home Grown Economic Reform, Digital Strategy 2025 a comprehensive digital transformation strategy in Ethiopia. [5] It aims to register all eligible Ethiopians by implementing a nationwide biometric digital ID system. [6] Fayda ID is an implementation of the open source ...
If you missed Beyoncé's epic Christmas concert, you can now watch it as much as you want.. On Friday, Dec. 27, Netflix announced that the megastar's 13-minute halftime show performance during ...
Premium Residency is separate from the current iqama residency because it grants more of the rights and privileges given to permanent residents in other countries. Current iqama holders must have a sponsor and must still regularly renew their permits based on their employment status as well as the government's migration policy decisions. These ...