Link Aadhaar with your EPFO account for easier PF claims settlement

Subscriber also needs to connect their UAN with Aadhaar for speedier redressal of provident fund applications.

EPFO may pump in Rs 250-300 billion in equities during FY'18

National Pension Scheme also among sources for driving domestic flow surge, says Morgan Stanley.

Investment will be made only in corporate bonds rated by at least two rating agencies as AA+, EPFO says.

The step will be a big boom for formal sector workers as well as their employers.

EPFO says the idea behind the move is to make PF transfer exercise more worker friendly.

This follows reports suggesting Finance Ministry wants interest rates lower by up to 50 bps.

CBT has recommended a minimum sum assured of Rs 2.5 lakh in event of death of an EPFO subscriber.

CBT had deferred decision on proposal to increase exposure in ETFs at its last meeting on March 30.

Retirement fund body EPFO developing an app UMANG for clearing claims through mobile phones.

CBT agreed to cover around 62 lakh volunteers of Anganwadi, Asha and mid-day meal workers under social security scheme.