EPFO has announced enhancement of dearness allowance
Consequent upon increase of Dearness Allowance by 4% to 50% w.e.f. 01.01.2024, the payments of allowances where ever applicable may be made at enhanced rates of 25% over the existing rates w.e.f. 01.01.2024.
EPFO SOP for freezing MIDs/UANs/Establishments
EPFO, considering that it is imperative to freeze some or all of the operations in respect of MIDs/UANs/Establishments, where there is a chance of fraudulent withdrawal or an attempt to fraud or having committed the fraud, to lay out a procedure for freezing and de-freezing of such MIDs/UANs/Establishments, has prescribed an SOP.
ESIC Clarification regarding Correction in Date of Birth of Insured Persons and their Family Members / Dependents
It is clarified that when a beneficiary applies for correction of D.O.B where the desired change in the declared age is 3 years or more, the insured person should, in addition, be asked to appear before the Medical Referee who may be requested to advise whether his age and condition corroborate the revised age applied for.
NSE launches facility of voluntary freezing/blocking of Trading Accounts by Clients
rading members have been advised to formulate the policy in line with the framework prescribed by the Exchange and members were also advised to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients with effect from July 01, 2024.
NSE directions for Pay-out of securities directly to client demat account
NSE, for enhancement of operational efficiency and risk reduction has directed that the securities for payout shall be credited directly to the respective client’s demat account by the Clearing Corporations.
