Financial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.
Learn how to navigate EPF interest calculations with our comprehensive guide to understanding EPF account interest. The EPF, a retirement savings scheme backed by the Central Government, requires monthly contributions from both employees and employers.
EPF account: There are total of 11 parameters which can be changed by an employee during his or her employment in their Employees’ Provident Fund account details.
The EPFO's apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2023-24 at its meeting on Saturday, a source said.
This comes after the RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.
The UIDAI directive said that while Aadhaar serves as a unique identifier, it is not recognised as proof of date of birth as per the Aadhaar Act, 2016.
The EPFO said that although a several customers have had interest credited to their accounts, it might take some time for it to show up in their bank accounts.
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.
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