Provident Fund
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Interest rate on small savings cut by 0.25%; PF rate hiked to 8.8%
Feb 17, 2016, 11:47 AM ISTNew Delhi/Chennai: The Employees' Provident Fund Organisation (EPFO) hiked the interest rate on provident fund from 8.75% to 8.8% for the current fiscal, while interest on short-term post office saving deposits cut by 0.25 percent.Underlined
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More than 27000 crores of EPF is unclaimed, know how you can claim yours
India | Aug 31, 2015, 11:56 AM ISTThe Employees Provident Fund (EPF) was established through an act of Parliament. Both employees & employers contribute to the fund. The fund can be withdrawn by the Employee in case of retirement, resignation or by
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More than Rs 27000 crores of EPF unclaimed, know how to claim yours
Aug 29, 2015, 10:13 PM ISTEmployees contribute to Provident Fund for post retirement benefits. But when employees change jobs, some of them open a new EPF account and do not operate their old EPF account. As a result, that account
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Government set to cap premature PF withdrawals at 75%
Jul 25, 2015, 12:59 PM ISTNew Delhi: The Labour Ministry is all set to cap premature provident fund withdrawal at 75 percent of total deposits in case an EPFO subscriber goes without a job for two months.The rest 25 percent
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Government may cap premature provident fund withdrawals at 75%
Jul 07, 2015, 12:36 PM ISTNew Delhi: The government is looking to cap premature provident fund withdrawals at 75 per cent for EPFO subscribers at any given time till the age of 58.Under the existing provisions, Employees Provident Fund Organisation
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Govt planning to shed off employee's contribution to EPF, employer's share to remain
Mar 13, 2015, 09:56 AM ISTNew Delhi: The law governing Employees Provident Fund (EPF) is soon to see drastic changes with government planning to discontinue mandatory 12% contribution by employees while retaining the outgo for employers, however, the arrangement will
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EPF: Centre mulls reducing employee contribution to 10 % from existing 12 %
Jan 22, 2015, 02:09 PM ISTNew Delhi: The Central government is considering reducing provident fund (PF) contribution to 10 per cent from existing 12 per cent of basic wages.It is also likely that the government would waive-off mandatory PF contributions
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500 firms approach ministry to make PF optional
Jan 07, 2015, 12:58 PM ISTNew Delhi: As many as 500 companies have approached the Ministry of Labour to consider revamping of the laws governing salary payment and granting employees a choice in how they are paid their salary.A coalition
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EPFO to pay at least 8.5% interest this fiscal
Nov 17, 2013, 04:17 PM ISTNew Delhi: Retirement fund body EPFO will pay at least 8.5 per cent rate of return on PF deposits for 2013-14 to its over 5 crore subscribers as provided in the previous fiscal and the
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Provident Fund interest rate may go up from 8.5 pc
India | Oct 09, 2013, 08:53 PM ISTNew Delhi: The Employees Provident Fund Organisation will meet soon amid indicatios that it may announce higher interest rate on PF compared to 8.5 per cent interest rate given in 2012-13. The rate of return
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EPFO mulls for time bound inquiry
India | Dec 07, 2012, 06:05 PM ISTNew Delhi, Dec 7: Initiating an inquiry against employers for lapses in maintaining Employee Provident Fund Organisation (EPFO) accounts would become difficult, with the retirement fund organisation imposing a time bar of seven years for
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RBI Signals Banks To Hike Deposit Rates
India | Sep 16, 2010, 05:13 PM ISTMumbai : On the heels of the provident fund board hiking interest rates by a percentage point to 9.5 per cent, the RBI on Thursday (Sept 16) signalled to banks to raise fixed deposit rates