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EPFO reward for staff: Charges of welfare actions and awards elevated! Main points right here

EPFO reward for staff: Charges of welfare actions and awards elevated! Main points right here

The Staff Provident Fund Organisation (EPFO) has elevated the present quantities of quite a lot of welfare actions equipped to its workers. In a round dated 14th march 2023, the EPFO mentioned that the Central Provident Fund Fee/President, EPF Central Workforce Welfare Committee (CSWC) has authorized the rise within the charges of Memntos, Workforce Game Membership, Particular Award, Scholarship and E book Award.

As according to the round, the present price of mementoes/retirement farewell has been elevated from Rs 15,000 according to retiring worker to Rs 20,000 according to retiring worker. The particular award given to the ward of an worker who turns into a topper of any State in Magnificence 12 has been elevated from Rs 10,000 to Rs 15,000.

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The scholarship equipped to wards of workers scoring 80% marks in Magnificence 12 has been elevated from Rs 600 monthly to Rs 1000 monthly. The scholarship equipped to wards of workers scoring 65% marks in Arts/Science/Trade has additionally been elevated from Rs 600 monthly to Rs 1000 monthly.

The quantity of e book award, which is given if the ward of worker rankings over 80% at school tenth and twelfth, has been elevated from Rs 1800 to Rs 3000. The scholarship for passing MBBS/BDS examination has been elevated from Rs 600 monthly to Rs 1000 monthly whilst the scholarship quantity for scoring 65% in a PG Direction (Arts/Science/Trade) has additionally been elevated from Rs 700 monthly to Rs 1200 monthly.

In line with the round, the revised charges for welfare actions shall be appropriate from April 1, 2023.

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“The rise within the charges of aforementioned welfare actions shall be appropriate from 01.03.2003. Additional, the above price will build up annually and might be aligned with SPI at the base price. The improved price shall be rounded off to subsequent “o” or “5”,” the EPFO mentioned.


Supply By means of https://www.financialexpress.com/cash/epfo-gift-for-employees-rates-of-welfare-activities-and-awards-increased-details-here/3011089/