As per the board, the proposed system would help in transfer of funds on the same day to beneficiaries, availability of the facility of Aadhaar enabled transfer of funds and reduction in bank charges for transaction.
Emerging as a significant source of investments into capital markets, Employees Provident Fund Organisation (EPFO) is likely to pump in Rs 250-300 billion in equities in 2017-18
Retirement fund body Employees' Provident Fund Organisation (EPFO) will go paperless by August next year as part of Digital India initiative, which would improve delivery of services for its five crore subscribers
Presently, employees and employers contribute 12 pc of basic wages each towards EPF, EPS and Employee Deposit Linked Insurance Scheme (EDLI).
The EPFO has over four crore subscribers and receives 1 crore claims every year including that of EPF withdrawal, pension fixation and insurance claims.
The Employees' Provident Fund Scheme 1952 is amended to do away with the requirement of submission of various certificates and proformas for seeking advance for treatment of illness and purchasing equipment required in case of physical disabilities
The EPFO’s apex decision making body the Central Board of Trustees (CBT) had in last December decided to provide 8.65 per cent rate of interest on EPF deposits, he noted.
The benefit of Rs 50,000 will also be provided in case of permanent disability even if the members have contributed for less than 20 years, the EPFO board has decided
Govt has decided to amend Employees' Provident Fund (EPF) scheme so that around 4 crore employees could withdraw up to 90 per cent of their fund for making down payments while buying homes.
The requirement of submitting Aadhaar number under Form 10C claims had led to issues in settlement of withdrawal cases, prompting the decision
The Employees' Provident Fund Organisation (EPFO) is expected to launch an online facility for withdrawal of pension funds, settlement of claims, and pension fixation, by May this year.
Four crore subscribers of the Provident Fund will now get lesser return on their deposits as the retirement fund body EPFO today decided to lower the interest for the current fiscal to 8.65 per cent.
In a move aimed at simplifying the procedure of payment of EMIs for homes, the Employees' Provident Fund Organisation (EPFO) may soon roll out a scheme that will allow its over 4 crore subscribers to
Retirement fund body EPFO may soon allow its subscribers to contribute voluntarily towards its pension scheme in addition to their employers' mandatory contributions.
Government has finally enforced the decision of retirement fund body EPFO to almost double the maximum sum assured under its insurance scheme to Rs 6 lakh for its 4 crore subscribers.
Retirement fund body EPFO disbursed more than Rs 47,000 crore as member benefits and Rs 8,200 crore as pension payments in the last financial year.
Bhopal: The Employees' Provident Fund Organisation (EPFO) has 15.84 crore members and not 3.7 crore as claimed by the government last March in connection with their proposal to tax PF withdrawals, an RTI applicant has
Retirement fund body EPFO has deferred the implementation of new norms regarding the withdrawal of provident fund by members till April 30
New Delhi: Employees’ Provident Fund Organisation’s (EPFO) today decided to provide interest on inoperative accounts from April 1, a move that is set to benefit over nine crore PF account-holders having total deposits of over
The Opposition Congress on Friday reacted sharply to government’s move of slashing interest rates on all small savings schemes, including PPF, saying it is “fleecing” the poor and is a “criminal breach” of the trust of people.
Top News
Latest News
