Epfo
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7.32 lakh jobs created in November 2018; 73.50 lakh in last 15 months: EPFO payroll data
India | Jan 22, 2019, 07:50 PM ISTDuring November 2018, the maximum number of 2.18 lakh jobs were created in the 18-21 years' age group followed by 2.03 lakh in the 22-25 years' age bracket.
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EPFO notifies 8.55% interest on PF for 2017-18, lowest in 5 years
Business | May 25, 2018, 09:40 PM ISTThe finance ministry had ratified 8.55 per cent rate of interest on EPF for the last fiscal. But it could not be implemented because of model code of conduct for Karnataka elections.
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Data leak scare: EPFO suspends CSC services 'pending vulnerability checks'
Business | May 02, 2018, 08:13 PM IST“No confirmed data leakage has been established or observed so far. As part of the data security and protection, EPFO has taken advance action by closing the server and host service through CSC pending vulnerability checks,” EPFO said.
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Govt decides to bring apparel, garment, textile sector employees under EPFO scheme
India | Mar 29, 2018, 02:22 PM ISTThe central government has now decided to bring them under the pension scheme by bearing the entire 12 per cent of the basic salary that employers are mandated to make towards pension for the first three years for new employees.
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EPFO declares 8.55 per cent interest rate for 2017-18, lower than 8.65 per cent for 2016-17
Business | Feb 21, 2018, 07:40 PM ISTThe Employees' Provident Fund Organisation (EPFO) on Wednesday declared a cut of 0.1 per cent in interest rates for the financial year 2017-18.
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EPFO likely to announce 8.65% interest rate for 2017-18 today
India | Feb 21, 2018, 03:04 PM ISTIn order to maintain the 8.65 per cent interest this fiscal, the Employees Provident Fund Organisation (EPFO) had sold a portion of its investments in the exchange traded funds (ETF) worth Rs 2,886 crore earlier this month.
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Aadhaar linking to eliminate multiple PF accounts: Official
Business | Jan 19, 2018, 05:57 PM ISTThe Employees Provident Fund Organisation (EPFO) on Friday said it will be able to eliminate multiple account numbers of an individual once the process of linking Aadhaar is complete.
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New study debunks Jobless growth theory, says around 6 lakh jobs created per month in formal sector in FY 2017-18
India | Jan 17, 2018, 04:10 PM ISTThe study has revealed that 590,000 jobs were generated every month until November in the Financial Year 2017-18.
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‘PF money aimed at social security benefit’: EPFO advises members against withdrawing funds
Business | Dec 12, 2017, 05:19 PM ISTThe Employees' Provident Fund Organisation (EPFO) further said that PF money aimed at social security benefit and people should not treat it like a bank account.
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EPFO may lower interest rate for 2017-18
Business | Nov 27, 2017, 10:10 AM ISTEarlier on Thursday, the EPFO approved an accounting policy for valuation and accounting of equity investments which was prepared in consultancy with IIM Bangalore.
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EPFO proposes to adopt centralised payment system to ease transactions
Business | Nov 25, 2017, 04:16 PM ISTAs 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.
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EPFO likely to pump in Rs 250-300 billion in equities in 2017-18, says report
Sep 07, 2017, 07:49 PM ISTEmerging 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
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EPFO to go paperless by August 2018
Aug 24, 2017, 09:02 PM ISTRetirement 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
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EPFO: CBT rejects proposal to reduce PF contribution to 10 pc
May 27, 2017, 10:00 PM ISTPresently, employees and employers contribute 12 pc of basic wages each towards EPF, EPS and Employee Deposit Linked Insurance Scheme (EDLI).
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Now EPFO to make all payments to members electronically
May 08, 2017, 08:50 PM ISTThe EPFO has over four crore subscribers and receives 1 crore claims every year including that of EPF withdrawal, pension fixation and insurance claims.
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Govt tweaks norms, allows EPF withdrawl for treatment without doctor certificate
Apr 27, 2017, 06:43 PM ISTThe 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
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EPFO to provide 8.65 pc interest on provident fund for last fiscal, says Labour minister
Apr 13, 2017, 06:00 PM ISTThe 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.
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PF deposits to yield additional benefits of up to Rs 50,000 on retirement, says EPFO
Apr 13, 2017, 01:14 PM ISTThe 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
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You can soon withdraw 90 per cent of PF to buy your dream home
India | Mar 16, 2017, 09:30 AM ISTGovt 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.
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EPFO relaxes norms, to allow pension account withdrawals without Aadhaar
India | Feb 28, 2017, 06:54 PM ISTThe requirement of submitting Aadhaar number under Form 10C claims had led to issues in settlement of withdrawal cases, prompting the decision