Category: EPF

Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification

| March 25, 2014

Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110 066 No. HRM-8/V/12/1/2003/FMA/Vol-II/26632 Dated: – 14.03.2014 Subject: Fixed medical allowance payable to the serving as well as retired employees of the EPFO for […]

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Withdrawal from NPS will be like Provident Fund

| March 18, 2014

Withdrawal from NPS will be like Provident Fund Apart from retirement or job loss, you can withdraw money from your employee provident fund (EPF) for specified purposes such as children’s marriage, house purchase and treatment of critical illness. The withdrawal right is hemmed by many conditions. Like a wedding card for your child’s marriage. You […]

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Employees will get Interest Rate 8.75% on EPF during 2013-14

| March 6, 2014

Employees will get Interest Rate 8.75% on EPF during 2013-14 Government has accorded approval to give Interest Rates at the rates of 8.75% to employees during the year 2013-14. We are presenting News Report for your information herein.

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Government is not Contributing its share fully in Pension Schemes

| February 21, 2014

Government is not Contributing its share fully in Pension Schemes We request all subscribers of Pension Schemes including subscribers of New Pension System to please check with their employers whether they are contributing fully in Pension Schemes. Please see this news paper report, Please ensure proper contribution in your funds otherwise you may end up […]

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Government may further hike EPF Rates

| February 20, 2014

A proposal to revise the interest rate of Employees Provident Fund (EPF) by 0.25 per cent is under the consideration of the government. Replying to a question in Rajya Sabha, Minister of State for Labour and Employment Kodikunnil Suresh said the Central Board of Trustees (CBT) Employees’ Provident Fund (EPF), at its meeting, has recommended […]

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EPFO has claimed to have settled 10 Lakh claims in January 2014

| February 3, 2014

EPFO has claimed to have settled 10 Lakh claims in January 2014 NEW DELHI: Retirement body EPFO today said that it has around 10 lakh claims like PF withdrawal, in January and out these almost 90 per cent applications were settled in less than 20 days. “The Employees’ Provident Fund Organisation (EPFO) settled 10,15,235 claims […]

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EPFO to raise retirement age of organised sector

| February 3, 2014

EPFO to raise retirement age of organised sector EPFO’s apex decision making body the Central Board of Trustee (CBT) will consider a proposal to raise the retirement age of organised sector workers to 60 years for its pension at a meeting scheduled for Wednesday. Besides, the CBT in this meeting will also deliberate on a proposal to withdraw two years bonus under […]

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Wage Ceiling of EPF raised to Rs. 15000

| January 25, 2014

Minimum monthly pension of Rs 1,000 to workers in the organised sector which would benefit 27 lakh pensioners immediately The Finance Ministry has approved a proposal for providing a minimum monthly pension of Rs 1,000 to workers in the organised sector, a move which would benefit 27 lakh pensionersimmediately. The ministry has also approved a proposal […]

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Minimum EPF Pension to go up to Rs. 1000 per month

| January 16, 2014

Ahead of Lok Sabha polls, the government is likely to approve this month a proposal that will entitle formal sector workers a minimum monthly pension of Rs 1,000, immediately benefiting 27 lakh pensioners. Those who get less than Rs 1,000 a month include 22 lakh member pensioners and 5 lakh widows as on March 31, 2013. There are about […]

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ENHANCEMENT OF SALARY LIMIT OF EMPLOYEES PROVIDENT FUND

| December 20, 2013

ENHANCEMENT OF SALARY LIMIT OF EMPLOYEES PROVIDENT FUND GOVERNMENT OF INDIA MINISTRY OF  LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-748 ANSWERED ON-11.12.2013 Enhancement of salary limit of Employees Provident Fund 748 . SHRI RAMACHANDRA KHUNTIA (a)whether Government is considering to enhance the salary limit of employees of providentfund to Rs. 15000/- and reduce the number of workers from 20 to 5 in view of the mechanization and […]

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