provident fund

provident fund

Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July. (PTI Photo)

EPFO alert! Government implements cut in EPF contribution to 10% for May, Jun, July

Reduction in EPF contributions shall be applicable "in respect of wages payable by it for the months of May, June and July, 2020"
19 May 2020 3:10 PM
Look for a financial instrument that enables you to grow the value of your PF earnings and retirement savings

How to maximise your PF money after retirement

As a retiree, having sufficient funds for monthly expenses is key
25 Feb 2020 3:42 PM
Ind-Ra has rated bonds of UPPCL totalling Rs 19,989 crore which were raised during FY17 and FY18. (Photo: ANI)

Provident fund investment issues to impact UPPCL financials: Ind-Ra

UPPCL has been stepping it up to meet the enhanced principal repayment obligation as and when required.
11 Nov 2019 10:58 AM
At present, the EPFO is settling Provident Fund (PF) withdrawal claims at 8.55 per cent interest rate.

PF interest not credited? Know when you will get it

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.
19 Sep 2019 12:23 PM
The proposal was sent for the concurrence of the finance ministry.

Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.
17 Sep 2019 1:44 PM
The Supreme Court, on February 28, 2019, ruled that employers cannot segregate special allowances from basic wages for the purpose of calculating PF contribution.

High PF cut seen aiding consumption slowdown

Salaried class left with less money to spend or invest.
09 Sep 2019 1:19 AM
The finance ministry does not disagree with 8.65 per cent interest on EPF for 2018-19.

8.65 pc interest on EPF to be notified soon: Gangwar

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.
30 Aug 2019 1:11 PM
EPFO is working towards a three-day settlement period for KYC (Know Your Customer) compliant beneficiaries who have UAN linked to Aadhaar.

EPFO to launch e-inspection system to simplify process

The EPFO is looking at alternative authentication vis-a-vis the employee database.
26 Aug 2019 1:07 PM
Government takes further action under section 14 of the EPF and MP Act, 1952 for filing of prosecution cases against the defaulting employers.

EPFO recovers Rs 459 cr PF dues out of Rs 1,251 cr outstanding in 2018-19

The total backlog or outstanding provident fund dues of the EPFO during 2018-19 was Rs 791.63 crore.
17 Jul 2019 4:06 PM
A committee had earlier recommended increase of the minimum monthly member pension.

Consultation on for increasing minimum pension: Gangwar to LS

Increase in minimum pension for employees affiliated to EPF to Rs 2000 will cost the govt Rs 4,671 cr and Rs 11696 cr if hiked to Rs 3000.
24 Jun 2019 3:07 PM
Apex court in its judgement has ruled that special allowance is part of the basic wages for computing the EPF.

PF litigations expected to come down after SC ruling: RPFC

Provident Fund balance transferred from one's ex-employer will become an automated process.
15 Mar 2019 12:39 PM
EPFO conducted a study and found out that a large number of firms were splitting their employees pay packages into numerous allowance to reduce their EPF liability.

EPFO to take action against firms not factoring allowance for EPF computation

Employer as well as employee pay 12 pc of basic wages each towards contribution for social security scheme run by EPFO.
02 Mar 2019 12:35 PM
The small and marginal farmers are happy over the Rs 6,000 incentive per year.

Khammam: NDA’s Budget hurrah before 2019 polls

About 4.25 lakh farmers in the two districts are expected to be benefited with the Rs 6,000 incentive per year announced.
02 Feb 2019 6:32 AM
The EEFO is now developing a software that would help show retirement savings in cash and ETFs components separately.

EPFO may give subscribers option to increase stock investments in new year

At present the account only shows the savings as gross cash component.
31 Dec 2018 11:52 AM
The labour ministry is likely to notify this week the 5-year low 8.55 per cent interest on PF for 2017-18.

Govt likely to notify 8.55 pc interest on PF for FY18 this week

The labour ministry has sought Election Commission's approval to notify rate of interest for crediting the same into members' accounts.
06 May 2018 1:20 PM
EPFO members whose monthly contribution is regularly received may view their contribution details using any of these options.

EPFO to inform members about contributions not deposited by firms

EPFO has subscribers' base of over 5 crore and manages a corpus of over Rs 10 lakh crore.
25 Apr 2018 3:43 PM
EPFO has also made it mandatory to file online claims for withdrawals of above Rs 5 lakh under the Employees Pension Scheme 1995. (Photo: PTI)

Online filing must for PF withdrawals above Rs 10 lakh: EPFO

At present, EPFO subscribers have option of filing online as well as manual claims for PF withdrawal.
28 Feb 2018 10:23 AM
There are around 60 lakh pensioners out of which around 40 lakh are getting less than Rs 1,500 per month

'Expect hike in minimum pension to Rs 7,500 per month under EPS-95'

Pension is Rs 1,000 a month at present, provided under Employees' Pension Scheme 1995 managed by EPFO.
09 Jan 2018 9:50 AM
Govt has set aside by subsidising pension component of his share under Pradhan Mantri Rozgar Yojana.

EPFO advises members against fully withdrawing funds

Digital movement is really enabling EPFO to go forward and introduce lot of things more aggressively.
12 Dec 2017 5:22 PM
EPFO is likely to decide on the rate of interest on provident fund deposits for this fiscal at its trustee meeting on November 23. (Photo: PTI)

New PF interest rate for FY18 to be decided on November 23

The decision-making body for EPFO, the Central Board of Trustees will meet on November 23, headed by the Union labour minister.
10 Nov 2017 10:37 AM

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