: For Finance Professionals & Students

Tag Archives: Factories and industrial problems

know about Workmen Compensation Act,1923

Employees are prone to certain physical injuries and illness While working under hazardous situations that can cost even their life. employees working at low wages may or may not be able to pay high medical expenses incurred for injuries, illness or accident caused during employment.

PF Withdrawal is now Easier for Employees to Benefit

Recently, EPFO allowed its subscribers to file their PF withdrawal applications directly to the retirement fund body without employers’ attestation thereby easing the process of PF withdrawal by employees.
Facts about new process of PF Withdrawal:
1. The Universal Account Number (UAN) facility was launched last year to facilitate PF transfers while subscribers change jobs. And all active subscribers have been allotted a number viz. UAN.
2. This facility is applicable for subscribers, if details such as Aadhaar, PAN and bank account are linked to their Universal Account Number (UAN) and their know-your-customer (KYC) verification done by their employers.

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