New Gazette Notification on EDLI Scheme
In the new Gazette notification No. GSR 299(E) dated 28.04.2021, the Maximum Assurance Benefit payable under paragraph 22(3) of the EDLI scheme has been enhanced to Rs. 7 Lakh from the earlier Rs. 6 Lakh. Under paragraph 22(3) of the scheme, the salary multiple shall be 35.
The Minimum Assurance Benefits payable under this scheme are fixed under the above-mentioned paragraph at Rs. 2.50 Lakh with effect from 15.02.2020. The Rs. 7 Lakh includes Rs. 5,25,000/- for the EDLI Scheme and Rs. 1,75,000/- for the Bonus, which is 50% of the Average EPF Balance.
From India, Ahmedabad
Acknowledge(0)
Amend(0)
1In the new Gazette notification No. GSR 299(E) dated 28.04.2021, the Maximum Assurance Benefit payable under paragraph 22(3) of the EDLI scheme has been enhanced to Rs. 7 Lakh from the earlier Rs. 6 Lakh. Under paragraph 22(3) of the scheme, the salary multiple shall be 35.
The Minimum Assurance Benefits payable under this scheme are fixed under the above-mentioned paragraph at Rs. 2.50 Lakh with effect from 15.02.2020. The Rs. 7 Lakh includes Rs. 5,25,000/- for the EDLI Scheme and Rs. 1,75,000/- for the Bonus, which is 50% of the Average EPF Balance.
From India, Ahmedabad
Acknowledge(0)Amend(0)
Maximum Assurance Benefit Under the EDLI Scheme
The Maximum Assurance Benefit payable under paragraph 22(3) of the EDLI scheme has been enhanced to Rs. 7 lakh from the earlier Rs. 6 lakh. (Under para 22(3) of the scheme, the salary multiple shall be 35).
Minimum Assurance Benefits
The minimum assurance benefits payable under this scheme are fixed under the above-mentioned paragraph at Rs. 2.50 lakh effective from 15.02.2020.
From India, Ahmedabad
Acknowledge(0)Amend(0)
The Maximum Assurance Benefit payable under paragraph 22(3) of the EDLI scheme has been enhanced to Rs. 7 lakh from the earlier Rs. 6 lakh. (Under para 22(3) of the scheme, the salary multiple shall be 35).
Minimum Assurance Benefits
The minimum assurance benefits payable under this scheme are fixed under the above-mentioned paragraph at Rs. 2.50 lakh effective from 15.02.2020.
From India, Ahmedabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Gazette Notification EPF Withdrawal-Circ ular-No.-WSU-39 12017-Housing-S cheme.pdf
Employee referral scheme new.doc