Epfo

Thursday, Apr 25, 2024 | Last Update : 06:00 AM IST

EPFO to take call on interest rate for 2021-22 in March

The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021

14 Feb 2022 12:53 AM

These Employees of Air India now will now receive extra 2% employer’s contributions in their Provident Fund accounts at 12% of their wages. (Representational image: PTI)

EPFO onboards Air India, takes into fold 7K staff

The social security benefits will be provided to around 7,453 employees for whom contributions have been filed by Air India with EPFO

30 Jan 2022 8:24 AM

Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July. (PTI Photo)

EPFO alert! Government implements cut in EPF contribution to 10% for May, Jun, July

Reduction in EPF contributions shall be applicable "in respect of wages payable by it for the months of May, June and July, 2020"

19 May 2020 3:19 PM

EPFO allows employers to register digital signatures through e-mail. (Photo- Twitter)

EPFO alert! Employers to register digital signatures online through e-mail

Employers are not able to function normally and are facing problems in using their digital signatures or Aadhaar-based e-sign on EPFO portal

07 May 2020 1:15 PM

A source said the EPFO’s earnings on debt market instruments, including government securities and fixed deposits, have been negatively impacted this fiscal.

EPFO cuts interest rate to seven-year low of 8.5 per cent

A government official said the retirement fund would have incurred a loss had it retained the interest rate at last year’s level of 8.65 per cent.

06 Mar 2020 2:57 AM

At present, the EPFO is settling Provident Fund (PF) withdrawal claims at 8.55 per cent interest rate.

PF interest not credited? Know when you will get it

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

19 Sep 2019 12:24 PM

The proposal was sent for the concurrence of the finance ministry.

Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

17 Sep 2019 1:44 PM

The finance ministry does not disagree with 8.65 per cent interest on EPF for 2018-19.

8.65 pc interest on EPF to be notified soon: Gangwar

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.

30 Aug 2019 1:11 PM

EPFO is working towards a three-day settlement period for KYC (Know Your Customer) compliant beneficiaries who have UAN linked to Aadhaar.

EPFO to launch e-inspection system to simplify process

The EPFO is looking at alternative authentication vis-a-vis the employee database.

26 Aug 2019 1:07 PM

In a major decision, the (EPFO's apex decision-making body) Central Board of Trustees (CBT) in a meeting held at Hyderabad on August 21, 2019, approved proposal to recommend for amendment in EPS-95 for restoration of commuted value of pension to pensioners after 15 years of drawing commutation, which will benefit about 6.3 lakh pensioners, according to a statement by the EPFO.

EPFO approves changes in Employees' Pension Scheme to restore commutation of pension

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.

22 Aug 2019 6:46 PM

The EPFO had appointed multiple fund managers for the first time in July 2008, for earning better rate of return on deposits for its subscribers.

EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers

The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.

15 Aug 2019 4:07 PM

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

The Central Statistics Office on Friday released payroll or new enrolment data of ESIC, retirement fund body EPFO and Pension Fund Regulatory and Development Authority together. (Representational image)

11.38 lakh jobs created in March in formal sector, shows ESIC data

As per ESIC's latest payroll data, around 1.48 crore jobs were generated in 2018-19 financial year.

24 May 2019 7:23 PM

In 2018-19, the highest job creation was recorded in January 2019 at 8.31 lakh against the provisional estimate of 8.94 lakh released last month.

Job creation up at 8.14 lakh in March: EPFO payroll data

Around 67.59 jobs were generated in the entire 2018-19 fiscal, according to EPFO payroll data.

21 May 2019 6:47 PM

As per earlier the EPFO rule, all employees who qualified for EPF deduction were required to contribute at least 12 per cent of their salary, i.e. basic plus dearness allowance (DA).

Do new EPFO norms mean more pension?

The pension is calculated as the number of years in service multiplied by last drawn salary and divided by 70.

13 May 2019 4:38 AM

"The DFS has approved the proposal subject to fulfilment of certain conditions related to efficient management of the retirement fund," the source said.

FinMin ratifies 8.65 per cent interest on EPF for 2018-19

Earlier in Feb, EPFO's apex decision making body Central Board of Trustees had decided to raise interest rate on EPF to 8.65 pc.

26 Apr 2019 6:22 PM

During February 2019, the highest number of 2.36 lakh jobs were created in the 22-25 years age group, followed by 2.09 lakh in the 18-21 years age bracket.

Job creation trebles in Feb at 8.61 lakh, according to EPFO payroll data

According to latest EPFO data, highest job creation was recorded in January 2019 at 8.94 lakh.

21 Apr 2019 3:11 PM

EPFO does not have sufficient fund to double the pension on its own and needs financial support to implement the scheme.

Amid fund crunch, EPFO shelves plan to double minimum pension

Govt has guaranteed a least benefits of Rs 3,000 per month for informal sector workers through PMSYM scheme.

28 Mar 2019 3:03 PM

EPFO data showed that the March 2018 figure is negative due to large number of exits reported in March.

8.96 lakh jobs created in Jan, 76.48 lakh in last 17 months: EPFO payroll data

The EPFO has been releasing payroll data from April 2018, covering the period starting September 2017.

22 Mar 2019 5:53 PM

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Dilip Cherian

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