Experts say it's better to transfer the amount to one's current EPFO account than opting for a withdrawal.
The EPFO launched one-page simplified forms for withdrawal.
In May, EPFO received deposits of Rs 6,500 crores (Rs 65 billion) which, is 200 crores more than what was received in April this year.
Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore (50 million) subscribers on additional contribution of 10 per cent by them from their basic wages every month.
Andhra Pradesh government ON Monday appointed B Prasada Rao, an IPS officer of 1979 batch, as the Director General of Police on an ad hoc basis following retirement of incumbent V Dinesh Reddy.
Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
The twin-train derailments within minutes of each other that killed 25 people in Madhya Pradesh on August 5, 2015, is being blamed on flash floods. S Pushpavanam wonders if that is the only reason.
Supreme Court allows more instruments to use the biometric card.
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