EPFO big update! Organisation mulling new pension scheme for employees earning over Rs 15,000 basic wage
EPFO is mulling a new pension product for organised sector workers who are getting basic wages of more than Rs 15,000 per month and are not mandatorily covered under its Employees' Pension Scheme 1995 (EPS-95).
Feb 20, 2022, 12:39 PM IST
EPFO subscribers, Alert! Decision on interest rate for 2021-22 soon, check latest update
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.
Feb 13, 2022, 12:20 PM IST
EPFO Update: Now employees won’t have to transfer PF; here’s why
EPFO recently announced that it added 15.41 lakh subscribers in September 2021.
Nov 23, 2021, 18:58 PM IST
Provident Fund Update: EPFO retains interest rates at 8.5 per cent for FY 2021
The Employees' Provident Fund Organisation's (EPFO) apex decision-making body Central Board of Trustees decided to fix an 8.5 per cent rate of interest for 2020-21 at its meeting in Srinagar on Thursday (March 4).
Mar 04, 2021, 16:10 PM IST
Bad news for 6 crore PF subscribers, interest rate reduction likely for FY 2021
In a recent development, the rate of interest of EPF (Employees' Provident Fund) might witness a cut again in the financial year. If this happens, it will be a big blow for more than 6 crore salaried classes. The EPFO Central Board of Trustees (CBT) will meet to decide on the new rates.
Mar 03, 2021, 13:38 PM IST
Check out retirement-related schemes of government
Check out retirement-related schemes of the government which we should first compare with other plans before making any investment.
Feb 28, 2018, 11:34 AM IST
EPFO lowers interest rate to 8.55 percent for 2017-18
Retirement fund body EPFO on Wednesday lowered the rate of interest on employees provident fund to 8.55 percent.
Feb 22, 2018, 00:07 AM IST
EPFO to now invest Rs 3K crore in AA+ rated corporate bonds
Retirement fund body EPFO has decided to invest in corporate bonds in the AA+ investment grade, a notch lower than the earlier norm of AAA, a move that will help it park around Rs 3,000 crore per annum in such securities.
Jul 05, 2017, 18:06 PM IST
EPFO: CBT rejects proposal to reduce PF contribution to 10%
The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday turned down the proposal to reduce the mandatory contributions from workers and employers to 10 percent.
May 27, 2017, 21:15 PM IST
EPFO may invest up to 15% of investable amount in equity markets
Buoyed by the surging stock markets, the Employees Provident Fund Organisation (EPFO) may propose to invest up to 15 per cent of its investable amount in equity markets during the next fiscal, Union Labour Minister Bandaru Dattatreya said.
Mar 19, 2017, 13:08 PM IST
Soon, EPFO to hike minimum salary limit for maintaining PF account to Rs 25,000 per month
The Employees Provident Fund Organisation (EPFO) is likely to hike the limit for compulsorily maintaining a PF account to Rs 25,000 from the existing Rs 15,000.
Nov 18, 2016, 14:31 PM IST
Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16
Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.
Sep 11, 2016, 10:42 AM IST
Seven companies in race to manage EPFO's equity investments in FY17
Seven asset managers -- SBI Mutual Fund, ICICI Prudential, Reliance Capital, HDFC, LIC, UTI and Kotak Mahindra -- are in the race to manage retirement fund body EPFO's investment in stock markets in the current fiscal.
Jun 25, 2016, 20:01 PM IST
EPF interest rate: Nationwide protest by trade unions today
Trade unions on Friday went on a day-long nationwide protest against Finance Ministry's decision to fix 8.7 percent interest rate for provident fund subscribers, lower than 8.8 percent decided by the EPFO.
Apr 29, 2016, 08:58 AM IST
3-yr insurance after job cessation on cards for EPFO members
Retirement fund body EPFO is likely to approve tomorrow a proposal to provide insurance cover to its subscribers for three years after cessation of employment
Mar 28, 2016, 21:59 PM IST
Provident fund body to invest additional Rs 750 crore in ETFs in FY16
Retirement fund body EPFO is likely to invest Rs 5,750 crore in stock market funds in the current fiscal, as against the earlier plan of Rs 5,000 crore.
Nov 22, 2015, 17:29 PM IST
EPFO trustees may fix interest on PF for 2015-16 on Nov 24
Retirement body EPFO's trustees are likely to consider and approve a proposal to fix rate of interest on PF deposits for over five crore subscribers for the current fiscal in their meeting scheduled on November 24.
Nov 07, 2015, 00:09 AM IST
EPFO may allow pledging PF contributions to buy low-cost house
EPFO's trustees will consider a proposal to allow its subscribers to pledge their future PF contribution to buy low cost houses, in a meeting scheduled on September 16.
Sep 08, 2015, 16:22 PM IST
EPFO sets up expert group to consider housing scheme
Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.
Mar 18, 2015, 11:58 AM IST
EPFO expected to receive Rs 79K cr as contributions in 2014-15
Retirement fund body Employees Provident Fund Organisation (EPFO) has estimated over 14 percent increase in its incremental deposits this fiscal at Rs 79,377 crore.
Dec 21, 2014, 11:20 AM IST
