What are the benefits of Employees Provident Fund
News | October 04, 2023 16:17 ISTWhat are the benefits of Employees Provident Fund
What are the benefits of Employees Provident Fund
This is the highest number of net additions in the last 11 months. The data also shows that the EPFO's monthly average wage grew by 10.47% in June 2023 to Rs. 21,237.
The central government approved in July this year raising the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022–23.
The EPF scheme offers valuable benefits for retirement planning, and checking your balance regularly can help you stay informed about your savings progress.
On March 28 this year, retirement fund body EPFO had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over 6 crore subscribers.
Candidates who took the exam can check the UPSC EPFO 2023 Result available on the official website of the Commission at upsc.gov.in.
EPFO 2023 exam dates have been announced for Social Security Assistant and Stenographer.Check Intimation slip, admit card release date, how to download and other details.
The body in charge of the provident fund had previously extended the deadline twice, first from March 3 to May 3 and then to June 26. The deadline was extended to give pensioners more time to solve any issues they might have.
UPSC EPFO Admit Card 2023 has been released by the Union Public Service Commission (UPSC) on upsconline.nic.in. Check exam date, instructions, how to download, and other details.
CBI laid a trap and caught the consultant red-handed while demanding and accepting a bribe of Rs 2 lakh from the complainant.
EPFO data: Employee Provident Fund witnessed a healthy growth rate as 1.39 crore members enrolled in the retirement fund body in 2022-23.
UPSC EPFO exam dates have been announced for EO, AO, and APFC exam on upsc.gov.in. Check exam schedule, exam pattern and other details.
The EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5% in 2020-21.
You can now check your EPF balance using the EPFO app/Umang app, the EPFO Portal, SMS, and missed call facilities.
At present, both employees and employers contribute 12 per cent of the employee's basic salary, dearness allowance and retaining allowance, if any, to the employee provident fund or EPF.
EPFO publishes guidelines for additional pensions under the EPS system. Applications for additional pension benefits may now be submitted till March 3, 2023.
The data indicate a 25.67 per cent increase in net additions compared to the previous month in October 2022, a labour ministry statement said.
Employees Provident Fund Organisation news: Around 2,861 new establishments have started complying under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 ensuring social security cover to their employees.
An employee of a private company may avail pension after retirement if he works for at least 10 years in the organization.
The EPFO is a social security organisation responsible for providing a number of benefits to the members covered under the statute of EPF & MP Act, 1952.
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