Category: EPFO

EPFO settles 11 lakh claims in July, 43 lakh since April

| August 6, 2014

EPFO settles 11 lakh claims in July, 43 lakh since April Retirement fund manager EPFO has settled over 11 lakh claims, including transfer and withdrawal of provident fund, last month. “Employees’ Provident Fund Organisation (EPFO) has settled more than 11 lakh claims during July 2014. This has taken the cumulative total during this financial year […]

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Interest rates on PF

| July 22, 2014

Interest rate on PF GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-830 ANSWERED ON-16.07.2014 Interest rate on PF 830 . SHRI D. RAJA M.P. ACHUTHAN (a)whether Employees” Provident Fund Organisation (EPFO) has a proposal under consideration to increase the interest rate on Provident Fund (PF) deposits from the present rate […]

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EPFO is likely to provide 9% interest rate during 2014-15

| June 17, 2014

Retirement fund body Employees’ Provident FundOrganisation (EPFO) is likely to provide nine per cent rate of interest on provident fund (PF) deposits for the current financial year to its 50 million subscribers, slightly higher than 8.75 per cent paid in 2013-14. “The initial estimates indicate EPFO can easily provide nine per cent rate of interest on PF deposits […]

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Employees earning upto Rs 15,000 a month will soon come under the Employees’ Provident Fund (EPF) net

| June 14, 2014

Employees earning upto Rs 15,000 a month will soon come under the Employees’ Provident Fund (EPF) net Employees earning upto Rs 15,000 a month will soon come under the Employees’ Provident Fund (EPF) net, with the Narendra Modi government approving a hike in the threshold for mandatory PF savings from Rs 6,500 a month to […]

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EPFO Settles 98% Claims in Mandated 30 days in April

| May 6, 2014

EPFO Settles 98% Claims in Mandated 30 days in April Retirement fund body Employees’ Provident Fund Organisation (EPFO) today said it has settled 98 per cent claims including withdrawal and transfer of PF within mandated 30 days period in April. “In the claims settlement area also there has been a consistently good performance shown by […]

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EPFO to allot permanent A/c No to active subscribers by Oct 15

| April 20, 2014

EPFO to allot permanent A/c No to active subscribers by Oct 15 Retirement fund body EPFO will provide permanent or universal account numbers (UAN) on the pattern of core bankingservices to its over five crore active subscribers by October 15 this year.Under core banking services, a customer can avail the bank services in any of its branch through […]

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Employees going for work abroad can fill PF data online

| April 16, 2014

Organised sector employees going abroad for offshore work can now fill their PF details online for seeking the Certificate of Coverage — which attests that the person concerned is covered under social security schemes, and get it in three working days. Applicants will be able to enter their data such as names, PF account numbers […]

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Government rejects clubbing of allowances with basic pay for Provident Fund Deductions

| April 6, 2014

Government rejects clubbing of allowances with basic pay for Provident Fund Deductions With the government rejecting a proposal to club allowances with basic pay for provident fund deductions, the EPFO will soon issue a notification in this regard, a setback for over 5 crore subscribers. “EPFO has got a letter from the Labour Ministry asking […]

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Frequently Asked Question on EPFO

| April 3, 2014

Frequently Asked Question on EPFO The EPF (Employee Provident Fund) – most popular investment for salaried individuals is maintained solely by the Employees Provident Fund Organisation of India (EPFO). As a statutory rule, any company having more than 20 employees, have to register with the EPFO. We bring you the top 10 Frequently Asked Questions on EPF […]

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EPFO makes it mandatory for PF trusts to file returns online

| March 30, 2014

EPFO makes it mandatory for PF trusts to file returns online Retirement fund body EPFO has made it mandatory for private provident fund trusts to file their returns online every month from April this year to improve the monitoring of these employers. “(private PF trusts) are required to file e-return. This is mandatory return from […]

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