EPFO strictly told no to private PF trusts. Therefore private PF trusts cannot invest in personal organisation. Moreover the field offices must keep checking. Thus they will check all private PF trusts. And in this way every individual follow rules.
Finance Ministry plan on PF trust rules
Before Finance Ministry said about investment pattern. In this investment pattern. They gave exempted PF trust rules. Hence you must know exempted PF trust list. On other hand. PF trusts must follow exempted PF trust rules.
Because this relates to EPF fund investment. In addition many organisations invest PF fund amount in own company. Or it can be their subsidiary entities. Thus EPFO planned some regulations. In this way every thing will be correct.
Besides you can know about submission of Aadhaar card details at EPFO office. Because now you can submit Aadhaar details. As government released new deadline. And this is for EPFO members who can submit Aadhaar card by 30th June 2017 and 30th September 2017 for North-East States.
PF investment pattern of 2015
According to investment pattern of 2015. EPFO planned to stop some practises. Apart from this. They included investment pattern of private PF trusts. Finally you can check pattern of investment 2015. As all rules are there here.
Furthermore EPFO field formations implement all rules. While these rules are for EPF trusts also. Additionally Board of Trustees or BoT. Even they cannot invest in their company. And when BoT manages company provident fund.
On other hand you can claim your provident fund. However for this you follow rules. And for this you can read steps to claim EPF using Aadhaar card online download.
Rules of PF trusts
- BoT can never invest in bonds or securities
- Plus when companies give bonds or securities
- In addition if BoT manages Provident Fund money
- Further when employer of exempted establishment relates to company
- Then in this case also BoT will not invest in companies
- Besides Board of Trustees will not make investment
- However it is only above 5%
- Second it is for fresh deposits in financial year
Therefore it is better. That you read all rules and regulations carefully. Because only then you know what is correct rule. In addition this helps you to understand all PF trusts rules in good way.
Finally another thing is important. Moreover it is that you keep checking PF account balance. Because this helps you in many ways. Besides you can use PF amount for housing loan. Or you can use PF for medical emergencies.
However for this you must know steps to calculate EPF balance. Additionally process to calculate interest with method to know Employees Provident Fund balance. This process is also helpful. In addition you now know exempted PF trusts rules for investing funds. Finally all things are clear. And this is for PF trusts rules.