EPFO alert! PF account holders can get additional bonus up to 50 thousand rupees; know this EPF rule

The money deposited in EPF is very useful after his retirement, but do you know that you can also get an additional bonus of 50 thousand rupees after retirement on the EPFO ​​account. Let us tell you what to do to get the bonus.

It is worth noting that all PF account holders get the benefit of insurance of Rs 7 lakh under the EDLI scheme. Most of the people are not even aware of this information. Apart from this, PF account holders get another benefit under the loyalty-cum-life benefit. Under this, an additional bonus of Rs 50,000 is given to the PF account holder at the time of retirement. This money received after retirement will be of great use to you.

In this benefit, an EPF account holder is eligible for up to Rs 50,000 on retirement along with other EPF benefits provided he or she has contributed into for at least 20 years. So, an EPF account holder is advised to continue with the same EPF account even when he or she is switching jobs. It will enable them to meet the minimum 20 years condition to become eligible for the loyalty-cum-life benefit.

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