Fri, Jan 03, 2025
The CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement.
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Wed, Dec 25, 2024
EPF vs SIP: Employees' Provident Fund (EPF) and Systematic Investment Plan (SIP) in a mutual fund are two different ways to create a retirement corpus. While EPF provides a fixed interest rate, SIP is market-linked, and the returns may vary. Both methods can be used for long-term retirement planning.
Mon, Dec 23, 2024
EPF Retirement Fund Calculations: Employees' Provident Fund (EPF) is a popular scheme for private sector employees to generate a retirement corpus. Both the employee and the employer contribute to the former's EPF corpus. The maturity amount is tax-free.
Mon, Dec 21, 2020
EPF-bank account link: If you have seeded Incorrect bank account details into your Universal Account Number (UAN), you should be alert as Employees' Provident Fund Organisation has put up a message on Twitter warning about the same.
Fri, Dec 18, 2020
FICCI has urged the government to consider making employees' contribution to EPF voluntary without making any change in the employers' contribution. It has also urged the government to consider giving a three-year holiday for ESI contribution to both employers and employees. These will enhance the take home salary for individuals
Thu, Dec 17, 2020
Retirement fund body Employees' Provident Fund Organisation (EPFO) is going to give good news to its more than 6 cr subscribers soon. The EPFO is preparing to pay a lump-sum 8.5% interest for the financial year 2019-20 before 31st December in the Employees Provident Fund (EPF) account of its shareholders. Earlier in September 2020, Union Labour Minister Santosh Kumar Gangwar said that in the meeting of trustees, it was decided to give the interest for the financial year 2019-20 as two instalments of 8.15% and 0.35%.
Wed, Dec 16, 2020
EPF account holders can start thinking about celebrating! Reason for that is retirement fund body, the Employees' Provident Fund Organisation (EPFO) interest rate for 2019-20 that will be sanctioned for employees is likely to be a very high one. EPF account holders can expect to get as much as 8.5% interest rate
Wed, Dec 09, 2020
Atmanirbhar Bharat Rojgar Yojana (ABRY): Government of India will provide subsidy for two years in respect of new employees engaged on or after 1st October, 2020 and upto 30th June, 2021
Wed, Dec 02, 2020
The provisions of the Employees' Provident Fund (EPF) Act are applicable to private security agencies providing personnel to clients, the Supreme Court said on Wednesday.
Sun, Nov 29, 2020
It's a big development from retirement fund body Employees' Provident Fund Organisation (EPFO) for over 35 lakh persons who could not submit the Jeevan Pramaan Patra (JPP) document by November due to coronavirus pandemic.
Wed, Nov 25, 2020
EPFO had recently launched WhatsApp based helpline-cum-grievance redressal mechanism to ensure timely solution of EPF-related issues. The new helpline was introduced under the series of Nirbadh initiatives aimed at ensuring seamless and uninterrupted service delivery to subscribers during COVID-19 pandemic.
Mon, Nov 23, 2020
Apart from securing future post retirement, there are several other benefits that PF account holders are entitled to and very few people are aware about it
Sun, Nov 22, 2020
The data published comprises of members who have joined during the month and whose contribution has been received.
Fri, Nov 20, 2020
Retirement fund body EPFO on Thursday dismissed media reports about a fall in the number of firms and subscribers contributing towards its social security schemes in October
Thu, Nov 19, 2020
"The data published is not based on EPFO’s data and is incorrect," EPFO said.
Mon, Nov 16, 2020
Retirement fund body EPFO has provided multiple options for submission of Digital Life Certificate (DLC) by over 67 lakh pensioners, enabling them to continue drawing their social security benefits, the labour ministry said.
Sun, Nov 15, 2020
While notifying the Code rules on Saturday, the Union Ministry of Labour and Employment sought objections and suggestions, making it mandatory to submit all details within a period of 45 days from the date of notification of the draft rules.
Fri, Nov 13, 2020
To avoid rush at the Employees Provident Fund Organization (EPFO) offices, the EPFO has introduced multiple options for pensioners
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said.
Thu, Nov 12, 2020
The finance minister Nirmala Sitharaman on Thursday afternoon announced the Atmanirbhar Bharat Rozgar Yojana with an aim to create more employment opportunities as the nation continues to recover from COVID-19 pandemic.
Mon, Nov 09, 2020
You must know that both the employer and employee are required to contribute 12 per cent of the employee’s basic salary and dearness allowance every month to the EPF account. Only employees of companies registered under the EPF Act, can invest in the EPF or PF
Mon, Nov 02, 2020
The assets, liabilities and administrative posts of the erstwhile state of Jammu and Kashmir have been apportioned between the union territories of J&K and Ladakh with effect from Saturday, according to an official statement
Indicating a faster-than-expected recovery, remittances from migrant labourers and the number of first-time EPFO registrations have crossed the pre-lockdown levels in September, according to a report
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