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EPF pension alert:
EPFO ​​has taken a crucial decision on the occasion of Diwali festival. Good news for EPS pensioners. It was decided to deposit the money into their account two days in advance. The date for the same has also been finalized. Let's find out about those details. 

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EPF pension alert: Diwali celebrations have begun across the country. Many people are busy in their shopping activities. But this time as Diwali is coming at the end of the month, wage earners and pensioners have to wait for the money to reach their account.   

At this time, EFIFO has given the same news to the pensioners who are covered by the Employees Pension Scheme. All of them will receive pension two days earlier.   

As Diwali is coming on 31st October, EPFO ​​has decided to deposit the pension for the month of October earlier. A circular has been issued to this effect.   

It has been decided to release the pension money in advance for the month of October 2024 keeping in view the festival of Diwali and public holidays. EPFO said in its circular that it will be deposited in the account of the pensioners on October 29, 2024.. All the pensioners will receive their pension money in advance without any delay.. Since October 31st is a holiday, they will also get an opportunity to withdraw their pension money on October 30th.   

EPS 95 is a social security scheme. It was launched in November 1995..it was brought for the employees working in the private sector across the country. As part of this scheme, employees and employers deposit money in it.   

As per EPFO ​​rules, employees deposit 12% of their salary into the PF account. Companies deposit the same amount. The amount deposited by the employee goes to the PF account. 8.33 percent of the 12 percent deposited by the same companies goes to the EPS pension scheme.  

 The remaining 3.67 percent will be deposited into the PF account. After the employee retires at the age of 58 years, a monthly pension is provided.