EPFO to conduct district outreach programmes on Feb 27

EPFO onboards Air India, takes into fold 7K staff

The social security benefits will be provided to around 7,453 employees for whom contributions have been filed by Air India with EPFO

Reduction in EPF contributions shall be applicable "in respect of wages payable by it for the months of May, June and July, 2020"

Employers are not able to function normally and are facing problems in using their digital signatures or Aadhaar-based e-sign on EPFO portal

Employees' Provident Fund Organisation also introduced online claim settlement facility without manual intervention

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.

The EPFO is looking at alternative authentication vis-a-vis the employee database.

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.