How do I check my CMPF balance?
PF Balance by SMS: In order to be able to check your PF account balance through SMS, you must have your activated UAN number and have registered your mobile number with UAN. To check your balance by SMS, send an SMS from your registered mobile number to 7738299899 in the following format.
How much pension do Coal India employees get?
i. Employer will contribute towards the Pension Scheme an amount restricted to 9.84% of the Basic Pay & DA minus the Central Government contribution towards CMPS @ 1.67% of the salary limited to ₹1600/- (₹27/-) subject to the following conditions: a. No Government budgetary support for the operation of the Scheme.
How do I withdraw money from CMPF?
The Commissioner may permit any member or class of members to 4, withdraw at any time after the termination of his or their services the full amount standing to his or their credit as the case may be, and make payment to such member or class of members in accordance with such instructions as may be issued by the …
What is Coal Mines Provident Fund Organisation?
It is an autonomous organisation governed by a Board of Trustees and functions under the overall supervision of Ministry of Coal, Government of India.
Is it possible to check PF balance online?
You can now check your EPF balance via SMS, by giving a missed call, via the EPFO app/Umang app, and the EPFO Portal/Umang App. By allowing employees to access the EPF balance, they can easily: Plan their expenses well.
How can I check my PF balance?
Checking EPF balance via SMS
If you have registered your UAN with EPFO (Employee Provident Fund Organisation), you can check your PF balance quickly by sending an SMS. All you need to do is send a text message to 7738299899. The text message should include ‘EPFOHO UAN ENG.’
What is the retirement age of Coal India employees?
The Government has decided to enhance the age of retirement for board level appointees of Central PSEs in the manner mentioned below:- a. ) The age of retirement of board level appointees in PSEs will be 60 years with effect from date of issue of this O.M.
How is Coal India pension calculated?
– (1) This Scheme may be called The Coal Mines Pension Scheme, 1998. (2) It shall come into force from such date as the Central Government may, by notification in the Official Gazette, appoint.
…
10. Monthly pension .
| Length of pensionable service | x | 25 percent of the average emoluments |
|---|---|---|
| 30 |
What is the interest rate of CMPF?
3. The rate of interest of CMPF subscribers was approved for enhancement by the Board of Trustees @ 8.7% from 8.5% owing to efficient fund management, which is the highest amongst all social security organisations.
What is the interest on PF in India?
8.5%
The government reviews the interest rate on EPF accounts regularly. For the FY 2019-20, the interest rate notified is 8.5%.
How is CIL pension calculated?
(3) The amount of monthly widow or widower pension payable on the death of an employee after the date of [superannuation or date of his retirement,] shall be equal to sixty per cent.
How much is my provident fund?
EPFO members can check their balance by giving a missed call at 011-22901406 from their registered mobile number. In case the UAN of the member is seeded with any one of the Bank account number, Aadhaar, and PAN (Permanent Account Number), the member will receive the details of the last contribution and PF balance.
Where can I see my PF balance?
PF Balance Check by Sending an SMS
Send an SMS to mobile number 7738299899. The message will be sent in the format ‘EPFOHO UAN ENG’.
What is the total PF amount?
Under the Provident Fund scheme, the employer, as well as the employee, contribute 12% of the employee’s basic salary (plus dearness allowances, if any) into the employee’s EPF account. Full 12% of the employee’s contribution goes into his/her EPF account.
How is total PF amount calculated?
How does an EPF calculator work? To understand how the EPF calculator works, let us have an example. Employers contribution towards EPS = 8.33% * 14,000 = Rs 1,166. The total contribution by the employer and employee towards the EPF account of the employee = Rs 1,680 + Rs 514 = Rs 2,194.
What is the maximum age of retirement?
The usual conditions that the maximum age of retirement, shall not exceed 60 years and there shall, be a complete ban on extension in service beyond the age of superannuation except in case of medical and scientific specialists, who can be granted extension in service, on a case to case basis, upto the age of 62 years …
Will retirement age increased to 62?
With the decision, the retirement age of employees in the Union Territory will increase from 58 to 60 years. The move, however, invited shar… On January 21, the state Cabinet approved the proposal to amend the AP Public Employment (Regulation of Age of Superannuation) Act, 1984 in …
How do I calculate my full pension?
The amount of pension is 50% of the emoluments or average emoluments whichever is beneficial. Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs. 1,25,000) per month.
How is Provident Fund calculated?
To calculate your provident fund contribution, add both employer and employee contributions. The employer contributes 12% towards the PF balance, whereas the employee contributes 3.67% towards the PF balance. The employer’s contribution of 12% towards the PF balance depends on the employee’s basic pay.
How is PF interest calculated?
Example of calculation of interest for a financial year-
- Employee’s contribution towards EPF = 12% of ₹ 15,000 = ₹ 1,800.
- Employer’s contribution towards EPS = 8.33% of ₹ 15,000 = ₹ 1,250.
How provident fund is calculated?
How is PF calculated in salary?
The employee contributes 12 percent of his or her basic salary along with the Dearness Allowance every month to the EPF account. For example: If the basic salary is Rs. 15,000 per month, the employee contribution shall be 12 % of 15000, which comes to Rs 1800/-. This amount is the employee contribution.
How do I get a 30000 pension per month?
Investment Options to Get 30k Pension Per Month
- National Pension Scheme (NPS) National Pension Scheme or NPS is a PFRDA (Pension Fund Regulatory and Development Authority) government backed, voluntary retirement plan.
- Unit Linked Insurance Plans.
- Fixed Deposits.
How much pension do you get?
A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year. That $45,000 becomes your guaranteed lifetime income.
Can I check my provident fund balance?
You can also check your PF balance by sending an SMS to the mobile number 7738299899. Do note that you should register your mobile number and complete the KYC on the EPFO portal. While sending an SMS, you can choose the language for communication.