Support for First-Time Employees:
- First-time employees joining an establishment covered under EPFO with a gross wage upto Rs. 1,00,000 per month
- Benefit equivalent to one month wages limited to a maximum of Rs.15000 paid in two installments.
- First installment is paid to the Aadhar seeded bank account of the employee directly on completion of 6 months of service
- The employee needs to complete a financial literacy course as prescribed by EPFO
- After 12 months of service, the second installment is transferred to a savings scheme to be paid to the member at a later date.
