Category: EPFO

Government set to increase Provident Fund Interest rates.

| January 22, 2016

Government set to increase Provident Fund Interest rates. DELHI: The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory savings of over 5 crore subscribers from 8.75% to 8.95% during the current fiscal. The proposal has to be endorsed by the central board of trustees before the finance ministry […]

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Employees would be able to draw 75% PF withdrawl before attaining age of 58 years

| July 25, 2015

Employees would be able to draw 75% PF withdrawl before attaining age of 58 years Employees would be able to draw 75% PF withdrawl before attaining age of 58 years, Please read this news paper report published in bhaskar:-

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Government to give houses to EPFO subscribers after retirement

| July 12, 2015

Government to give houses to EPFO subscribers after retirement Government to give houses to EPFO subscribers after retirement, Please read this news paper report:- Click image below for larger view:-

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Amendments to the Employees pension Scheme 1995 – Issue of Gazette Notification

| June 19, 2015

EPFO has issued a letter regarding Amendments to the Employees pension Scheme 1995 – Issue of Gazette Notification No.G.S.R.226(E) dated 26.03.2015 and G.S.R.227 (E) dated 26.03.2015 EMPLOYEES PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt. of India) Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi – 110 006. No: Pension/Actuarial/18(2)2008/       […]

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Union Budget 2015: PF contribution made optional for employees

| March 4, 2015

Union Budget 2015: PF contribution made optional for employees In an employee-friendly move, the government today made provident fund contribution optional for workers getting salary below a threshold. However, the employer will continue to contribute his share of the PF irrespective of the worker opting not to pay his contribution. “…for employees below a certain threshold […]

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EPFO subscribers to get affordable houses

| January 4, 2015

EPFO subscribers to get affordable houses Labour Ministry is preparing a mega housing scheme to offer affordable houses to over 5 crore subscribers of retirement fund body EPFO in the backdrop of the government’s mission ‘Housing for all by 2022′. The Ministry intends to collaborate with PSU banks, housing finance companies, state-owned construction firms like […]

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Portable PF account number to be launched on October 16

| September 24, 2014

Retirement fund manager EPFO’s ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16. Besides, the government will launch unified web portal LIN (Labour Identification Number) for simplifying business regulations and bringing in transparency and accountability in labour inspections by various agencies and bodies under the […]

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EPFO makes it mandatory to provide workers’ bank account numbers

| September 18, 2014

EPFO makes it mandatory to provide workers’ bank account numbers Retirement fund body EPFO made it mandatory for firms to provide their employees’ bank account numbers with IFSC code of bank branch to facilitate allotment of universal PF account number and payment to its subscribers. The Employees’ Provident Fund Organisation headquarters has asked its over […]

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Finance Ministry may ratify 8.75% interest rate on Provident Fund next week

| September 7, 2014

Finance Ministry may ratify 8.75% interest rate on EPF next week NEW DELHI: The Finance Ministry is likely to give its concurrence next week to retirement fund body EPFO’s trustees’ decision to provide 8.75 per cent rate of interest on PF deposits to over five crore subscribers this fiscal. “It has been almost two weeks […]

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EPFO likely to announce interest rate on PF for FY 2015 soon.

| August 10, 2014

Retirement fund body EPFO is likely to announce rate of interest on PF deposits for the current fiscal for its over 5 crore subscribers at its trustees meet on August 26. The issue of payment of interest rate for 2014-15 is listed on the agenda of the next meeting of the Central Board of Trustees […]

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