EPFO news: EPF contribution rule may change if Central Government accepts this labour union's demand
EPFO or Employees' Provident Fund Organisation may have to change its EPF passbook contribution rule if the Labour Ministry accepts demand made by the Bharatiya Mazdoor Sangh.
EPFO or Employees' Provident Fund Organisation may have to change its EPF passbook contribution rule if the Labour Ministry accepts demand made by the Bharatiya Mazdoor Sangh. The Labour Union in a recent meeting with the Labour Ministry's officials and industry representatives raised the demand for enhancing the minimum basic salary of Rs 15,000 to Rs 21,000 for EPF contribution.
Major Demand on EPF contribution
What Demand Means for EPFO Members
The Bharatiya Mazdoor Sangh raised the demand during a joint meeting with the Ministry of Labour and representatives of the industry insiders. The Labour Union said that the monthly PF or EPF contribution rule for EPFO members needs a change and the minimum monthly salary of an EPF Scheme beneficiary should be raised from Rs 15,000 to Rs 21,000. Photo: Pixabay
Labour Ministry's response
Demand on Leave
Demand met on one time EPF interest rate payment
The Union Cabinet is expected to discuss these demands raised by the Bharatiya Mazdoor Sangh as they have already accepted their one demand at the beginning of 2021 when they announced 8.5 per cent EPF interest rate and credited the EPF interest for FY 2019-20 in respective EPF accounts. Photo: Reuters