Monday, 15 February 2016

How to Know / Check / Claim your EPF Balance ?

Protocol for Knowing or withdrawl of PF


There are certain protocols to be followed and if that case if the employer follows some unfair trade practices law comes to your rescue.
You must be possessing salary slips and in that your will have all details pertaining to PF ie.
The PF account Number, Establishment Code etc so kindly check your PF balance using the below link

But please go through the link before checking so that you will understand how to check your PF online

After that if you wish get yourself registered in the EPF database and download an E-passbook, which will be good evidence you can avail.
After that 
If you wish for online transfer go to below link

if you want to claim/Withdraw from/Transfer your PF account from your ex employer to new employer (provided you meet the terms and conditions as per act) , filling the certain claim forms as per requirement using the below link and submitting the same to your employer , Local EPFO office and keep a copy for yourself.

Also write an official mail to your employer citing whatever to be done however if still you face any difficulty from the side of your EX-Employer ,Ask for final consideration over the issue, then if still your request goes unheard or answered then
Register your grievance using the link below , in the employee section you'll find a hyperlink option titled "Register your grievance"

NB: This is Just an overview protocol actual process comes under legal framework. Please consult a legal team.

Few Quotes by Shri Narender Modiji (PM India )

                          PM Modi at Samvad, Global Hindu Buddhist Initiative

Buddha is the crown jewel of the Indian nation which accepts all ways of worship of all religions. This quality of Hinduism in India was a product of many great spiritual masters chief among them was Buddha. And this is what sustains the secular character of India.-PM Modi at Global Hindu-Buddhist conclave in Bodh Gaya
We, the present generation, have the responsibility to act as a trustee of the rich natural wealth for the future generations. The issue is not merely about climate change; it is about climate justice.

Mann Ki Baat and other initiatives.

Some people like to remain in 'Nirasha'. And they are not satisfied till they have spoken about it to other people.
We want to enable Start-Ups and make India no 1 in this field. Start-Up India and Stand-Up India!

Jan Bhagidari is the biggest asset of a democracy. We are increasing it through MyGov, letters from citizens, 
Dignity of labour has to be our national duty; it has to be a part of our nature.
PM Modi on the occasion of 69th Independence Day

The future belongs to social media. It is egalitarian and inclusive. Social media is not about any country, any language, any color, any community but it is about human values and that is the underlying link binding humanity.
Technology transforms people's lives. From mitigating poverty to simplifying processes, ending corruption to providing better services, Technology is omnipresent. It has become the single-most important instrument of human progress.
I dream of a Digital India where the world looks to India for the next Big Idea.
E-governance easy governance, E-governance is economical governance.

PM Modi at the Launch of Skill India Mission

I know the youth of India. They are not merely asking for things. The youth wants to stand of their own feet and live a life of pride and dignity.

 Want to read more here is the source.

Inspiring and motivating quotes of few famous people

Sharing few of the most inspiring and motivating quotes of few famous people.

"I failed 3 times in college. I applied 30 times to get a job but I have always been rejected. When KFC came to China for the first time, we were 24 to apply and I was the only one to be dismissed. I wanted to go into the police and 5 postulants, I was the only one not to be accepted. I applied 10 times to return to Harvard University USA and I was rejected. "Jack Ma, Alibaba Creator and 22nd World fortune according to Forbes in 2015 with $ 29.8 billion.”
“Never give up because you failed once, know that failure is sometimes out of the way to reach your intended route"--Jack Ma ( Founder Alibaba)

Mark Zuckerberg in an Interview
“There are enough things that come up during the day that one can use to fill up their entire day by reacting to them, Zuckerberg said. Granted, Mark explained, one has to be responsive and communicative, but it's important as an entrepreneur to be proactive and know what you want to accomplish each day.- Mark Zuckerbers’ thought on time management

A few quotes from Warren Buffett
“Invest in as much of yourself as you can, you are your own biggest asset by far.” 
“You only get one mind and one body. And it’s got to last a lifetime. Now, it’s very easy to let them ride for many years. But if you don’t take care of that mind and that body, they’ll be a wreck forty years later, just like the car would be.”
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.” 
“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?”
"Be fearful when others are greedy and greedy only when others are fearful.”

Jeff Bezos Founder Amazon
"If you never want to be criticized, for goodness' sake don't do anything new."
"Any business plan won't survive its first encounter with reality. The reality will always be different. It will never be the plan."
On choosing friends: "Life's too short to hang out with people who aren't resourceful."

Elon Musk on Risk
 On risk: “Failure is an option here. If things are not failing, you are not innovating enough.”

Reasons why few Indian employees are underpaid ?

Hi there ,

Firstly that's a question everyone getting hired has in mind but very few have the curiosity to know about . It was a question I came up with after passing a quarter of my employment with an MNC & then I got few points , few facts and few legal frameworks that sum up the compensation policies of such companies .
There are a few bullets to sum it up :
  1. India Being a developing economy attracts ITES , KPOs and Analytics companies for 1 sole reason - it's reasonable quality workforce in return for reasonable compensation meeting their requirement when it comes to skilled and semi skilled job requirements.
  2. Most of the MNC establishments are categorized under different sectors and thus are governed by different labor laws for Example : The minimum hourly wages are decided as per shops and establishment act of the respective states and it differs a lot me.
  3. We don't have a legally organised framework as a nation imposing with any mandatory compensation structure  to devise for different or for similar nature jobs like if you are working as an analyst in the entry level position you basic component of salary might vary for two different cities for same company or same work at same level within the same company .
  4. Most of the Indian MNC's have a confidential non disclosure policy when it comes to discussion of compensation within the organization , so as to avoid confrontations and it has been the way since it all started.
  5. For government jobs we have pay commissions being enacted to decide the compensation structure but for MNC orgs no private payment or wage commissions have been formed or  asked for yet .......
  6. Psychological Reasons - A. India is a cheap workforce Market B. Package Offered is directly proportional to your abilities & (league of campus you are from or companies you were working with...might be startup or small firm but the work would be better still they judge and associate you with it)
  7. This reason is more of observational than factual " I guess people are compensated well if the work is Innovative and Creative but are compensated reasonable when the work is repetitive".
  8. Different Salary formats being used results in ambiguities a lot of times ,  also CTC is a term  which is used as a jargon in most of these low compensating positions so actual take home post all deductions should be considered while accepting an offer.
NB: Not all MNC's underpay , few of them have a very rewarding compensation structure.
Just a thought.
Got More Reasons , add more.......