Good News for EPFO Members – Bonus up to Rs.50,000 & extras! Here are the Full Details!!! There is an important announcement has released regarding the Employees Provident Fund Organization (EPFO) members. That is, ETLI scheme which provide insurance, pension, income tax exemption with the value of Rs.7 lakh.
Some members of Employees Provident Fund Organization (EPFO) may not well-known to this scheme and many important aspects related to PF account which would be loose some benefits. But now, the ETLI scheme explains that insurance, pension and some other benefits like Loyalty-cum-Life which give Rs.50,000 on retirement benefit. To get these goodness, the members of Employees Provident Fund Organization (EPFO) have to contribute to the same account for minimum 20 years.
According to this benefit some expert said that, 20 years EPF account holders can get the loyalty-cum-life benefits. And they could get some additional bonus of Rs.50,000. Moreover, if EPFO member’s basic salary is Rs. 5,000, they will get Rs. 5,000 extras under Loyalty-cum-Life scheme. At finally, to benefit all of these extra bonus, EPO members are advised to keep their old account even if changing the jobs and not to withdraw PF while on duty.
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