Saturday, Jul 20, 2019 | Last Update : 06:52 AM IST

provident fund

provident fund

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

In July-September quarter too, the interest rate was 7.8 per cent.

Govt retains GPF interest rate at 7.8 per cent for October-December

This would apply on Provident Funds of central government employees, railways and defence forces.

25 Oct 2017 1:00 PM

Measure would facilitate members, a better and speedy EPFO or provident funds services. (Photo: Representational/PTI)

On eve of Diwali, EPFO offers online Aadhaar linking facility for members

Meeting KYC norms by EPFO subscribers help subscribers access a host of online services.

18 Oct 2017 6:11 PM

EPFO is a retirement fund body that has a savings corpus of Rs 6.5 lakh crore. (Photo: Representational/PTI)

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.

14 Oct 2017 12:38 PM

EPFO has asked these trusts to provide online services to their 84 lakh members through SMS on mobile phones, emails or mobile e-passbook within two days of receipt of PF contributions.

EPFO cracks whip on 700 PF trusts for not filing returns

The EPFO in 2014 made it mandatory for private PF trusts to file returns online.

30 Sep 2017 4:51 PM

Over past many months, EPFO has introduced a slew of steps to make provident fund (PF) claims a hassle free exercise. (Photo: PTI)

Check your PF balance by just giving a missed call, see passbook online

EPFO has over past many months taken a slew of measures to further simplify PF related processes.

28 Sep 2017 2:14 PM

EPFO has raised its equity allocation to 15 per cent in current fiscal from 10 per cent in 2016-17. (Photo:Representational/PTI)

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.

07 Sep 2017 5:57 PM

Employees Provident Fund Organisation or EPFO invests in markets and corpoarte bonds. (Photo: Representational/PTI)

EPFO to trim investments in AAA bonds; may pump Rs 3,000 crore

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

28 Aug 2017 5:04 PM

EPFO is a retirement fund body that has a savings corpus of Rs 6.5 lakh crore. (Photo: Representational/AFP)

EPFO to go paperless, all services a click away by August 2018

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

24 Aug 2017 5:40 PM

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