How Does the 2017 Amendment to the Employees' Provident Funds Scheme Affect You?

SudeepPM
Notification: Amendment to the Employees' Provident Funds Scheme

What is this Notification: NOTIFICATION Dated 4th January, 2017

In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees' Provident Funds Scheme, 1952, namely:

1. (1) This Scheme may be called the Employees' Provident Funds (Amendment) Scheme, 2017.
(2) It shall come into force on the date of its publication in the Official Gazette.

2. In the Employees' Provident Funds Scheme, 1952:
(a) In paragraph 38, in sub-paragraph (1), after the words and letters "or through PayGov platform", the words "or through scheduled banks in India including private sector banks" shall be inserted.
(b) In paragraph 48, after the words and letters "or through PayGov platform", the words "or through scheduled banks in India including private sector banks" shall be inserted.
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