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Employees' Provident Fund Organisation (EPFO) News
Employees' Provident Fund Organisation (EPFO)
Get rich tip! Should you double your EPF contribution or do this instead? Find out now
Wed, Apr 24, 2019
A timely increase in the PF contribution can help you have double the PF amount at the time of retirement. This is surely, a great benefit, but there is more to this story than just that.
EPF relief! Beneficiaries under PMRPY cross 1-crore mark
Fri, Jan 18, 2019
Under the scheme, the government is paying full employers' contribution of 12 per cent (towards EPF and Employees' Pension Scheme both), for a period of 3 years.
EPFO allows enrolment of new employees without Aaddhaar
Thu, Aug 30, 2018
Retirement fund body EPFO has allowed enrolment of new members without Aadhaar in Assam, Meghalaya and Nagaland, on account of low penetration of the 12 digit unique identity number in these states.
You can withdraw EPF for treatment without doctor certificate
Thu, Apr 27, 2017
Now, the subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.
At 8.65%, investing in EPF a better option than fixed deposits
Wed, Apr 19, 2017
EPF and tax-saving fixed deposits both earn a tax break of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
Finance Ministry okays 8.65% interest on EPF
Sun, Apr 16, 2017
According to EPFO estimates, the fund will see a surplus after providing 8.65% interest rate for the last fiscal.
EPFO extends deadline for submitting Aadhaar to April 30
Wed, Apr 12, 2017
EPFO has also extended the deadline for submitting digital life certificates for its over 50 lakh pensioners till April 30 to link pension accounts with Aadhaar.
EPFO likely to raise wage ceiling to Rs 25,000 for pension coverage
Fri, Apr 07, 2017
Presently, the employees who are earning up to Rs 25,000 a month have to mandatorily contribute 12% of their basic salary to EPFO and social scheme security.
Lowest in seven years: EPFO fixes interest rate at 8.65%
Mon, Dec 19, 2016
The Labour Ministry wanted to retain 8.8% for the current fiscal as well.
EPFO members to get cheaper home loans
Wed, Aug 17, 2016
Retirement fund body, EPFO stated that its members will soon be able to mortgages their Provident Fund (PF) accounts for home loans. Employees Provident Fund Organisation (EPFO) expects to garner more returns through investment in home loans.
Watch top 5 stories of the day; From attack in Munich to EPFO subscribers likely to get cheaper home loans soon
Sat, Jul 23, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of the day: 1. Munich attack: 10 killed in 'Shooting Rampage'
Watch top 5 stories of this night; From Vedanta's revision of merger terms with Cairn India to rail commuters to get Rs 10 lakh insurance at Re 1
Fri, Jul 22, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this night: 1. Vedanta revises terms for merger with Cairn India
Good news for pension holders! EPFO may hike minimum pension by 20%
Tue, Jun 28, 2016
Minimum pension likely to be raised to Rs 1,250, the report added.
No tax will be deducted for PF withdrawals of up to Rs 50,000 from June 1
Mon, May 30, 2016
TDS shall not be deducted in case of transfer of PF from one account to another PF account.
Bandaru Dattatreya to pitch for raising EPFO's investment in stocks
Tue, May 24, 2016
Dattatreya said the National Career Service (NCS) Project with the aim to bring job seekers, employers and training providers on a common platform.
EPFO disbursed Rs 47,000 crore as member benefits in 2015-16
Mon, May 16, 2016
EPFO is likely to consider and approve a proposal to provide life insurance cover to its subscribers for three years.
Govt to hold talks to with Labour Ministry on proposed social security, labour codes today
Mon, May 02, 2016
The Labour Ministry is in the process of converting 44 laws into four codes -- Industrial Relations, Wages, Social Security and Safety -- to simplify existing labour rules.
Trade unions to hold day-long protest today on lowering of EPF interest rate
Fri, Apr 29, 2016
The trade unions including Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Centre of Indian Trade Unions (CITU) and All India United Trade Union Centre (AIUTUC) will join the protest.
Finance Ministry defends lower EPF rate, cites lower earnings of EPFO
Wed, Apr 27, 2016
A Finance Ministry source said the decision was based on "pure arithmetic calculation" and is aimed at ensuring sustainability of the EPFO.
Arun Jaitley lowers EPF rate to 8.7% for FY16; trade unions protest
Tue, Apr 26, 2016
Trade unions including RSS-backed Bharatiya Mazdoor Sangh (BMS) have lodged their protest against the Finance Ministry's decision of lowering the interest rate approved by the Central Board of Trustees (CBT).