EPFO hikes interest rate to 8.25 percent
The Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO) on Saturday (February 10, 2024) heightened interest rate for financial year 2023-24 to touch 8.25 percent.
EPFO extends three months’ time for employers to upload wage details by Dec 31
New Delhi: The Central Board of Trustees of EPFO has extended the time, for the employers to submit wage details and other required information till December 31, 2023.
Employees' Provident Fund adds 17.20 lakh members in April
New Delhi: The Employees' Provident Fund Organisation (EPFO) recorded a net addition of 17.20 lakh members in April this year, according to the payroll data released on Tuesday.
EPFO adds 1.39 crore net members in FY23, 13.40 lakh added in March
New Delhi: The Employees' Provident Fund Organisation (EPFO) added 13.40 lakh net members in the month of March, the Ministry of Labour & Employment said on Saturday.
EPFO adds 16.26 lakh new net subscribers in Nov 2022
New Delhi/IBNS: Employees' Provident Fund Organisation (EPFO) has added 16.26 lakh new net subscribers during November 2022, registering a 16.5 percent higher compared to a year ago, the labour ministry said on Friday.
EPFO mulls increasing equity investment to 25 pc
New Delhi: The Employers' Provident Fund Organisation (EPFO) is considering a proposal to increase its investment in equities from 15 percent to 25 percent in order to cover the gap in the shortfall in returns with investment in debt securities, media reports said.
Govt approves 8.1 pc interest rate on PF deposits for 2021-22
New Delhi: The Centre Friday notified 8.1 percent interest on Employees' Provident Fund (EPF) deposits, paving the way for crediting the interest into the accounts of 60 million EPFO account holders for 2021-22.
Govt may raise tax-free PF contribution limit to Rs 5 lakh for all salaried employees: Report
New Delhi/IBNS: In good news for salaried employees, the government may double the limit for tax-free contribution to the provident fund for salaried employees up to Rs 5 lakh per annum in the forthcoming Union budget 2022-23, in order to bring them at par with government employees.
Union Finance Ministry approves 8.5 pc interest rate on provident fund for FY21: Report
New Delhi/IBNS: The Union Finance Ministry on October 29 ratified an 8.5 percent interest rate for 2020-21 for provident fund, media reports said.
Lockdown income-loss forces workers to lay hands on Provident Fund savings
Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.
2019 elections sop: Govt announces pension for PSIC employees
New Delhi, Mar 2 (UNI) With an eye on 2019 General elections, the Government on Saturday announced another sop for employees of Public Sector Insurance Companies, giving them one more opportunity to opt for pension after retirement.