Finance Minister Nirmala Sitharaman on Sunday said around 12 lakh members of the Employees' Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings during the coronavirus-induced lockdown.
Finance Minister Nirmala Sitharaman on Sunday said around 12 lakh members of the Employees' Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings during the coronavirus-induced lockdown.
Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6. 5 lakh tonne (LT) during April 2020.
Retirement fund body EPFO on Thursday allowed employers to file monthly PF returns without making simultaneous payment of dues, giving a relief to about 6 lakh firms amid lockdown to combat the COVID-19 crisis.
Retirement fund body EPFO settled 3.31 lakh PF withdrawal claims worth around Rs 950 crore in last 15 days to give relief to the members during the lockdown.
Retirement fund body EPFO will accept online its subscribers' Aadhaar card as a valid proof to rectify their date of birth to ensure that the account is KYC compliant, the labour ministry said on Sunday.
EPFO has made a change in its EPF rule to allow subscribers non-refundable withdrawal of PF money. EPFO subscribers will be allowed to withdraw 75 per cent of PF balance or three months' wages, whichever is lower. EPF account holders can claim for 'advance' withdrawal via EPFO's unified portal -- unifiedportal-mem.epfindia.gov.in. Here's a step-by-step guide to withdraw EPF money citing COVID-19 outbreak.
The Union Labour and Employment Ministry has notified amendment to the Employees' Provident Funds (EPF) Scheme to allow withdrawal of non-refundable advance by the members in the event of COVID-19 pandemic.
As many as 65 lakh beneficiaries will receive pension by March 30 amid the coronavirus lockdown. The Retirement fund body EPFO directed its 135 field offices to ensure the payment of pension by the end of March.
Bad news for salaried employees as they could face a cut in interest on their provident fund (PF) deposits for FY20. The Central Board of Trustees of Employees Provident Fund Organisation (EPFO) has recommended interest rate of 8.5%.
The labour ministry is keen to retain an interest rate of 8.65 per cent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said.
PF Money: The Employees' Provident Fund Organisation (EPFO) is considering a cut of 15 basis points in the interest rate on PF deposits in FY20 to 8.5%. The issue is expected to be taken up at the central board of trustees (CBT) meeting of the EPFO slated for March 5.
The labour ministry has implemented retirement fund body EPFO's decision to restore pension commutation under the Employees' Pension Scheme, a move that will benefit 6.3 lakh pensioners.
In the new e-form, services offered would help in "saving as many procedures, time and cost for starting a business in India," the ministry said in a public notice.
UPSC Recruitment 2020: The Union Public Service Commission (UPSC) has invited candidates for 421 posts of enforcement officers/ accounts officer through an online notification on its official website -- upsc.gov.in or upsconline.nic.in.
At present, workers are required to apply through their employers to get the universal account number (UAN), which enables them to avoid filing PF transfer claims on changing jobs. The UAN remains the same throughout the life of a worker.
The central probe agency in a release said that the attachment was made under sections of the Prevention of Money Laundering Act (PMLA), 2002.
EPFO Assistant Mains Admit Card 2019 | The Employees' Provident Fund Organisation or EPFO has released the EPFO Assistant Mains Admit Card 2019 on its official website -- epfindia.gov.in.
EPFO Assistant Prelims 2019 Result: EPFO Assistant Prelims Result 2019 has been released on the official website - epfindia.gov.in. As many as 3049 candidates have been shortlisted by the Employees' Provident Fund Organisation (EPFO) for the next selection round - EPFO Assistant Mains Exam 2019 (Phase-II). Those who appeared for the EPFO Assistant Prelims 2019 exams can check their EPFO results by visiting the official website.
The Employees' Provident Fund Organisation (EPF0) has begun crediting interest to provident fund accounts. It is learnt that several PF account holders have already received interest credit of 8.65 per cent for the financial year 2018-2019 ahead of Diwali. You can check your PF/Provident Fund balance using UMANG App, SMS, EPF portal or by just giving a missed call.
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