EPF — Your request is in Transit between EPFO Out and In Office

Once you submit your provident fund (EPF / PF) transfer claim and it gets approved by your employers, the status message that you see on website is

Your request is in Transit between EPFO Out and In Office

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UAN Full Form and Meaning

UAN No. = Universal Account Number

While joining a new company, every employee has to fill the Declaration Form / Form 11. One of the fields in the form asks to provide their 'UAN No.' Most of the new employees (and even experienced people) are confused about the meaning of UAN as it is a relatively new ID issued by government (started in 2014).

Here are useful quick details to help you:

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Why insurance and which insurance? Declutter, Declutter

OK. We all know that insurance is a means to financially absorb the cost of bad things that happen in life. But just look at the myriad of policies that are there - Life Insurance, Home Insurance, Travel Insurance, Critical Illness Insurance, Health Insurance, Auto Insurance, Disability Insurance........ Everything under the sun can be insured these days. Do I really need so many insurance policies? What are the basic minimums? How do I decide?

I was confronted with this question some time back and below is what I came up with. I believe, three major factors would decide the bare minimums for everyone.

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Interest rate on EPF deposits for year 2015-16

EPF interest rate is hiked to 8.8% for the current fiscal year (2015-16) from 8.75% of the previous year.

As posted earlier, EPFO's advisory body, Finance Audit and Investment Committee (FAIC), had recommended 8.95% interest on PF deposits for 2015-16, which was supported by trade union leaders but the CBT (Central Board of Trustees, EPFO's apex ...

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Interest rates on PPF and other small savings schemes reduced drastically

Interest rate on PPF and other small savings schemes like Kisan Vikas Patra (KVP), Sukanya Samriddhi Account, Senior citizens savings scheme, etc. have been reduced drastically from April 1, 2016 as the government has decided to shift to a lower overall interest rate regime.

In case of PPF, interest rate will be 8.1% from April 1 to June 30, down from the earlier 8.7%. Sukanya Samriddhi Account ...

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EPF Bonaza - Interest rates to be raised to 8.95%

EPFO has proposed to raise the interest rate on EPF deposits to 8.95 % for the current financial year 2015-16. The interest rate in the previous financial year was 8.75%.

The proposal is a bonaza to the working class, especially because it comes at a time when government is expected to lower the interest rates of many small saving schemes such as public provident fund, national savings ...

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Sukanya Samriddhi Account in State Bank of India - Process and Documets

When I last visited SBI on 1st June, 2015, I came to know that they are opening the Sukanya Samriddhi Account. I noted down the details and applied for one. Here are the details for the same -

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EPF Contribution Increased From Rs 780 - Why?

Many of my friends have mentioned about their PF contribution changing from Rs 780 to Rs 1800 from September 2014 onwards (without any salary revision / increase) and have been wondering about the cause for this.

The increased EPF contribution is a result of EPFO decision to raise the PF wage ceiling to Rs 15,000 from Rs 6,500.

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Employer EPS Contribution Increased from Rs 541 to Rs 1250

In Aug 2014, EPFO decided to raise the wage ceiling for becoming a subscriber of EPFO to Rs 15,000 from Rs 6,500. The details can be found in my previous article. This decision took effect from September 1st, 2014 onwards.

One fallout of the decision is that the EPS share which my company was contributing every month got ...

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Understanding UAN SMS Update of Transaction in EPF Account

I received this sms from EPFO yesterday, "Dear member, Rs xxxxx for 10/2014 has been credited in your epf account".

It is a good initiative by EPFO to send a sms alert everytime a credit happens in the EPF account. This way its easier to keep a check on my EPF account transactions. Along with sending a monthly sms alert, EPFO is also updating the e-passbook monthly. You can go to UAN portal and ...

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