Do railway employees have PF?
Railway staff Provident Fund Rules Railway employee contributes 8.5% of Pay + GP to State Railway Provident Fund Account. The account is maintained by Accounts Department. Each PF account is allotted a specific number.
How can I withdraw my PF online for railway employees?
Go to https://hrms.indianrail.gov.in/HRMS • Enter User Id, Password and OTP. Go to Loan and Advances -> My PF Loan Applications menu. Click on “New Application” Button. Employee’s basic, bank details, last PF loan details and PF balance are shown.
What is PF no railway?
How is railway pension calculated?
6. What is the formula for determining the Amount of Pension? With effect from 01.01. 2006, Pension is calculated as 50% of 10 months Average Emoluments or 50% of Last Pay Drawn whichever is beneficial to the employee subject to a minimum of `3500/- per month.
Can Railway employee withdraw PF amount while working?
Final Withdrawal from Provident Fund is permitted only for Railway employees with 15 years service including broken periods.
Which is better EPF or NPS?
The returns under PF are fixed with the interest rate announced by the government annually. Thus, while PF offers security and assured returns, NPS offers high risk and high returns. Thus, for the common man both options offer tax advantages and good returns.
Can railway employee withdraw PF amount while working?
How can I check my PF loan status?
- Latest Updates.
- Step 1: Go to the EPFO portal. Click on ‘Our Services’ followed by the ‘For Employees’ option.
- Step 2: Click on ‘Know Your Claim Status’.
- Step 3: Enter your UAN and enter the captcha image.
- Step 4: Enter the following details.
- Step 5: Click on the ‘Submit’ button to check the status of your PF claim.
How can I check my Railway employees salary?
How To Check Railway Payslip Online Using AIMS Portal?
- Visit the official website www.aims.indianrailways.gov.in.
- Click on the “Employee self service” link.
- Enter the registered email id and password.
- Click on the “submit प्रस्तुत करें” button.
What is the retirement age in railway?
Now, retired rail employees can seek re- engagement with the national transporter till they attain the age of 65 years. It had also said that those re-appointed could only be in service till they turned 62, which has now been extended to 65 years. The retirement age for the employees is 60.
What is railway family pension?
1. What is Family Pension and when it was introduced? (i) It is a social security benefit paid monthly to the surviving widow/widower or eligible child of a Railway Servant irrespective of whether death occurs during service or after retirement. The benefit has also now been extended to post-retiral spouse.
How is PF amount calculated after retirement?
Employee Provident Fund (EPF) is a retirement benefit scheme governed by Employee Provident Fund Organisation (EPFO). Both employer and employee contribute to the scheme throughout the tenure of the employment….EPF Interest Rates.
| Year | EPF Interest Rate |
|---|---|
| 2016-17 | 8.65% |
| 2107-18 | 8.55% |
| 2018-19 | 8.65% |
| 2019-20 | 8.50% |
What are the rules for railway staff provident fund?
For Railway employees who are posted on or after 01.01.2004 Provident Fund rules are not applicable. Railway employee contributes 8.5% of Pay + GP to State Railway Provident Fund Account. The account is maintained by Accounts Department. Each PF account is allotted a specific number.
How is PF account maintained in Indian Railways?
The account is maintained by Accounts Department. Each PF account is allotted a specific number. Voluntary Contribution to PF (VPF) can be made from the salary of a Railway staff subject to the maximum limit that the amount should not be more than the amount remaining after recoveries.
What does the reverse side of a railway employee card contain?
The reverse side of the card contains a record of discipline, rewards, absences, merit and demerit points and the reasons for each. While most records consist of only one two-sided employee card, about one in twenty consists of multiple cards averaging three cards.
How many Employees Provident Fund cards are there?
Library and Archives Canada holds 31 boxes of records for the Employees Provident Fund of the Intercolonial and Prince Edward Island Railway. The collection consists of 21,710 cards that are filed numerically by the employees’ provident fund identification number. Each card contains the following information:
