Provident Fund
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Soon, you don't have to worry about PF money transfer on switching jobs. EPFO will do it for you
Mar 13, 2019, 09:57 AM ISTThe Employees Provident Fund Organisation (EPFO) is working to automate the transfer process of Employee Provident Fund money (PF money) when you switch jobs. As an employee, you will not have to worry about the transfer or withdrawal of provident fund money. The PF balance from your previous organisation will be transferred based on your UAN.
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11 Essentials of Employees’ Provident Fund (EPF)
Jun 20, 2019, 04:44 PM ISTThe 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 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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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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‘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: 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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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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Government may cut interest rates on small savings including PPF
Dec 23, 2016, 12:46 PM ISTIn a move that could hurt the common man in new year, the government likely to lower interest rates further on small savings including Public Provident Fund (PPF).
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EPFO cuts interest rate on deposits to 8.65 pc, 4 cr employees affected
Dec 19, 2016, 09:16 PM ISTFour 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.
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Pledging provident fund to buy low cost homes to be reality next fiscal
Oct 03, 2016, 12:13 PM ISTOver four crore subscribers of the Employees Provident Fund Organisation would be able to pledge their provident fund to buy houses and use their accounts to pay equated monthly installments (EMIs) from next fiscal. "We
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Trade unions protest as govt orders to use unclaimed PF to help senior citizens
India | Jul 27, 2016, 10:07 AM ISTTrade unions on Tuesday walked out of a meeting of EPFO trustees protesting against the governments decision to appropriate unclaimed PF money for funding senior citizens welfare schemes. Labour Minister Bandaru Dattatreya, who was
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Another PF correction: Govt hikes interest rate to 8.8%
Apr 29, 2016, 05:22 PM ISTNew Delhi: Following protest from the trade unions, the finance ministry has hiked interest rate on provident fund deposits to 8.8 per cent from the 8.7 per cent decided by it earlier. This is the
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EPFO to introduce system to check premature withdrawals from May 1
Apr 24, 2016, 01:39 PM ISTNew Delhi: Retirement fund body EPFO is planning to introduce ‘One Employee One EPF Account’ system on May 1 to discourage premature PF withdrawals and encourage state governments to join its pension system. The decision
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Withdrawal for housing, medical purposes possible as Govt eases PF norms
Apr 19, 2016, 08:24 AM ISTThe Narendra Modi government has decided to defer the new rules restricting provident fund withdrawals till retirement. According to Ministry of Labour and Employment, the relaxed norms will enable people to withdraw their PF for housing, medical eme
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EPFO puts fresh norms on PF withdrawl on hold till April 30
Apr 02, 2016, 04:20 PM ISTRetirement fund body EPFO has deferred the implementation of new norms regarding the withdrawal of provident fund by members till April 30
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Interest rate cut on savings is ‘criminal breach’ of trust: Congress
National | Mar 19, 2016, 11:22 AM ISTThe 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.
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EPF tax: Final stand on taxing during Budget debate, says Jaitley
Mar 03, 2016, 10:01 AM ISTNew Delhi: Facing flak for proposing a tax on employee provident fund withdrawals, Finance Minister Arun Jaitley said he will spell out the final decision on the matter when he replies to the debate on