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  PF Money Alert! EPFO allows non-refundable advance withdrawal during coronavirus pandemic

  Business | March 29, 2020 14:32 IST

  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.

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  Govt to pay 24% Employees' Provident Fund for companies with less than 100 workers for next 3 months

  Business | March 26, 2020 15:13 IST

  Finance Minister Sitharaman on Thursday announced that the government will pay the Employees' Provident Fund (EPF) contribution, both of employer and employee every month for the next three months, as part of COVID-19 relief package.

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  EPFO Alert! Provident Fund interest rate reduced to 8.50% for FY20

  Business | March 05, 2020 13:37 IST

  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%.

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  EPFO Alert! Govt to retain 8.65 pc interest rate on EPF deposits; 6 cr members to benefit

  Business | March 01, 2020 13:42 IST

  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.

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  PF Money: EPFO plans interest rate cut on provident fund savings

  Business | February 28, 2020 18:33 IST

  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.

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  Your PPF money has become more secure with THESE new rules

  Business | December 17, 2019 11:59 IST

  Under the new rules, the amount in PPF account will not be liable to attachment under any order or decree of any court in respect of any debt or liability incurred by the account holder.

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  Uttar Pradesh power employees strike over Provident fund scam

  India | November 18, 2019 11:41 IST

  Employees of the Uttar Pradesh Power Corporation Limited (UPPCL), on Monday, proceeded on a two-day work boycott to protest against the provident fund scam in which their money was invested in the tainted Dewan Housing and Finance Corporation Limited (DHFL).

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  11 Essentials of Employees’ Provident Fund (EPF)

  Brand Content | October 31, 2019 15:43 IST

  The employee has to contribute 12% of the sum of basic salary, dearness allowance and retaining allowance under the EPF scheme.

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  EPFO crediting increased interest to your PF accounts. Check balance

  Business | October 14, 2019 18:48 IST

  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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  Provident Fund alert! You may lose 8.65% interest on EPF if you don't

  Business | October 11, 2019 7:21 IST

  Provident Fund subscribers alert: The Employees' Provident Fund Organisation (EPFO) announced a big bonanza for around 6 crore employees. Union Labour Minister Santosh Gangwar announced the decision which said EPFO would now provide an 8.65 per cent interest rate on employees provident fund (EPF) for 2018-19 before Diwali festival.

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  EPF interest rate hiked; ₹54,000 cr to be credited in 6 crore accounts

  Business | September 24, 2019 19:35 IST

  EPF users alert: Government of India has finally made it official that crores of beneficiaries of Employee Provident Fund (EPF) would get an increase in the interest rate for their provident fund money. Union Labour Minister Santosh Gangwar announced the decision on Tuesday which said EPFO would now provide a 8.65 per cent interest rate on employees provident fund for 2018-19.

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  Good News! PF interest to be credited before festive season

  Business | September 23, 2019 15:13 IST

  EPFO Notification: There is good news ahead of the festive season, for all the employees who are linked with the Employees’ Provident Fund Organisation (EPFO). The EPFO employees are entitled to receive the interest amount ahead of Dussehra and Diwali festivals.

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  Govt approves 8.65% interest rate; over 6 cr EPFO members to benefit

  Business | September 19, 2019 16:41 IST

  The government on Thursday approved 8.65 per cent interest rate on employees provident fund for 2018-19, news agency PTI quoted sources as saying. Over 6 crore EPFO subscribers are set to benefit with this move. Amounts will be credited to the accounts of these EPFO members.

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  Big News for 6 crore employees! Centre to soon notify 8.65% interest rate on Employees' Provident Fund

  Business | August 30, 2019 13:55 IST

  The labour ministry will soon notify 8.65 per cent rate of interest on Employees' Provident Fund (EPF) for 2018-19, said Labour Minister Santosh Gangwar on Friday. He also added that the finance ministry does not disagree on this rate.

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  EPFO decision on commuted value of pension to BENEFIT 6.3 lakh pensioners

  Business | August 23, 2019 18:39 IST

  In a move that will benefit as many as 6.3 lakh pensioners under the Employees Pension Scheme, the commuted value of pension after 15 years of drawing commutation will be restored. The Central Board of Trustees (CBT), the apex policy making body of the pension scheme, approved the proposal to recommend an amendment in the Employees Pension Scheme (EPS) 1995 for restoration of commuted value of pension to pensioners after 15 years of drawing commutation. This comes as a big relief as it was a long-pending demand of the pensioners. But how will it benefit lakhs of pensioners? Here's an insight.

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  PF Money withdrawal: Step-by-step guide to do it online

  Fyi | July 20, 2019 13:21 IST

  Provident fund (PF) or pension fund is to provide employees with lump-sum payments at the time of exit from their place of employment. EPF is also called the Employee Provident Fund Scheme.

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  PF Money: EPFO rule changes you must know in order to apply for Provident Fund withdrawal

  Business | July 19, 2019 14:17 IST

  The EPFO has changed the rule of the withdrawal of the provident fund online. Provident fund or pension fund is to provide employees with lump-sum payments at the time of exit from their place of employment.

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  EPFO recovers Rs 459 crore PF dues out of Rs 1,251 crore outstanding in 2018-19

  Business | July 17, 2019 16:20 IST

  The total backlog or outstanding provident fund dues of the Employees' Provident Fund Organisation (EPFO) during 2018-19 was Rs 791.63 crore, Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha.

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  PF balance: Simple steps to check it anytime

  June 03, 2019 14:28 IST

  As an employee and a member of the Employees' Provident Fund Organisation (EPFO), you don't have to wait for your employer to share your PF statement at the end of the year to know the balance.

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  Provident Fund department cracks down on South Delhi builder for not paying employee dues

  India | May 16, 2019 23:58 IST

  The department has attached the office of Deewan Chand Builders Pvt Ltd and took Rs 2 crore cheque from the company to settle the pending dues.