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Author Archives: wealth18

[How to] withdraw PF Balance

pf-withdrawal

Last updated : 7th October, 2016 When can I withdraw my PF Balance ? As per PF rules, when you switch job, you only have ONE option – “TRANSFER to new Employer PF Account”. PF withdrawal is only allowed, if you are unemployed for at least 2 months. However, many employees withdraw money from old PF Account just by declaring that they are out of job for 2 months. They submit the withdrawal form after 2 months of leaving the last employer. As the PF data is not centralised, or no unique PF ID number is in place, it is ... Read More »

New EPF Form 11 – Employee Declaration form & Replacement for EPF Form No. 13 (PF Transfer)

pf-11

Last updated : 7th October, 2016 When you change our employer, then you need to submit 2 forms – Form No. 11 (Declaration form) and Form No. 13 (for PF transfer from old EPF account to you new EPF account). However, EPFO has recently (23-Sep-2016) issued a notification which requires to submit one form only – new EPF Form 11. The new Form 11 is a one page declaration form and a simplified version of the existing Form 11. You do not need to submit Form 13. As per the notification, the Declaration Form (New Form No. 11) will replace ... Read More »

PF Name change form, Date of Birth, Address correction & update process

pf-withdrawal-employer-signature

Last updated : 7th October, 2016 Many PF members face challenges at the time of PF transfer or PF withdrawal due to errors in the name, date of birth etc. Have you faced similar issue? Do you want to change the name or date of birth in your PF account? Have you changed your surname after marriage and the new name is in bank account but not in PF account? In this post, I am providing more details around process and form to change and update your details in PF account – Name, Date of Birth, Communication Address, Email account, ... Read More »

[How to] download PF statement (e-Passbook) online

epassbook3

Last updated : 7th October, 2016 EPFO is now providing facility to download your PF statement online. You donot need to wait for year end to get the PF statement. You can also check your PF balance via SMS using their on line facility. Read post PF ePassbook It is an Online PF statement which shows details of PF transactiosn monthwise.  It is available to Active members only (not for settled, inoperative accounts). Register online on EPFO Site http://members.epfoservices.in/ Enter your mobile number, Date of Birth & Select one of the following Document Number & then Click on “Get PIN” ... Read More »

ICICI Prudential Life IPO Oversubscribed 10.44 times on last day

icici-pru-oversubscribed

Last updated : 23rd September, 2016 Following a slow start on first two days, the IPO for ICICI Pru life is over-subscribed 10.44 times on the last day of subscription (21st Sep 2016). The IPO has received bids for 138.58 crore equity shares against issue size of 13.23 crore shares (excluding anchor investors’ portion).  Qualified institutional buyers oversubscribed 11.83 times Non-institutional investors’ category 28.55 times Retail investors oversubscribed 1.4 times and Shareholders’ quota 12.2 times. I already posted the details of ICICI Pru LIFE IPO and its review in my earlier post. See this link.   On Day 1 – 19th Sep –  ... Read More »

[How to ] withdraw PF early during employment (pre-mature withdrawal) ?

pf-pre-mature-withdrawal

Last updated : 7th October, 2016 Money in your PF account should be kept for your retirement purpose. However, do you know that you can withdraw amount from your EPF account during the employment in case of certain emergencies? If you meet certain conditions, EPFO can sanction the pre-mature withdrawal. In this post, I am trying to explain the situations where you can withdraw PF amount early during the employment. Pre-mature PF withdrawal is allowed for specific purposes and if the individual furnish all relevant documents and satisfy the necessary requirements: 1)  Two months without any job An employee can ... Read More »

How to activate or check PF UAN status online

pf-uan

Last updated : 7th October, 2016 In this post, I will explain how can you get your EPF Universal Account Number (UAN) online and how to check or activate or register your UAN and how tocheck the UAN status online. Also, I will explain how to check the PF Balance online using UAN.  What is PF Universal Account Number (UAN)? Universal Account Number (UAN) is unique 12 digit “portable” number allotted by EPFO to its members. You will be able to check your employee provident fund balance, download PF passbook, receive monthly credit updates/alerts and even transfer funds from old ... Read More »

[How to] access UAN when mobile number changed

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Last updated : 7th October, 2016 If you have forgot your UAN password, you can access your reset your password by using UAN and registered mobile number. http://uanmembers.epfoservices.in/forget_pass_uan.php However, if you loses your mobile number or change your mobile number then it is difficult to access UAN. A. Online Option EPFO has provided new link for UAN helpdesk http://59.180.231.60:9091/UANHD/ http://www.epfindia.gov.in/site_en/ http://www.epfindia.gov.in/site_en/For_Employees.php?id=sm2_index You need to select the problem type as “Forgot password and Mobile number is changed” Ente the details like new Mobile number, UAN, Name,Father name, Date of Birth. After the submission, you will get an OTP for the verification. ... Read More »

LIC’s Bima Diamond Plan (Table No. 841) – LIC New Money Back Policy 2016 – Details & Review

lic-bima-diamond

Last updated : 20th September, 2016 On the occasion of its Diamond Jubilee year, LIC has launched a new money back plan – LIC Bima Diamond (Money Back Plan 841). This is a closed ended plan and available for sale until August 31, 2017.   UIN: 512N307V01 It is a with profit, limited premium payment, money back plan with policy term of 16, 20 or 24 years  while the premium paying terms are 10, 12 & 15 years respectively. It is non-linked plan i.e. it is not ULIP or your money will not be linked to equity market movements. Whats Unique ... Read More »

How to transfer PPF account from one post office to another?

ppf-transfer-from-post-office

Last updated : 19th September, 2016 If you have PPF account in one post office and want to transfer it to another post office, then this post will be useful for you. Many people relocate to different cities because of new jobs, transfer etc.  They may have PPF account in post office in other cities and it is difficult for them to maintain those PPF Account.  So the best option is to get your PPF account transferred to your current city to your nearest post office. The process of PPF transfer is simple as below: 1) Fill in Form SB ... Read More »

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