Terms of the offer
The Employees ' Provident Fund Organization ( EPFO ) has announced an advance payment of the Productivity Linked Bonus (PLB) for eligible employees of the EPFO for the year 2023-24. Check who can take advance on PLB. The first scheme aims to support EPFO enrollments for new employees in all formal sectors. It offers a month’s wage payout, distributed in three instalments of up to Rs15,000 per month. Targeting first-time employees registered with EPFO , this Part will offer one-month EPF wage up to Rs 15,000 in two installments. Employees with salaries up to Rs 1 lakh will be eligible. To become eligible for a maximum of Rs 15,000 incentive under the scheme, it should be the first job of the employees and they must be registered with the Employee Provident Fund Organisation...
