EPFO: Here are 4 points govt is working on the retirement scheme to make it more subscriber friendly After last year's fiasco over taxing of provident fund, the government seems to be working overtime to make changes to the retirement scheme. The government has introduced a slew of measures to make the Employee provident Fund Organsiation or EPFO more subscriber-friendly, … [Read more...] about EPFO: Here are 4 points govt is working on the retirement scheme to make it more subscriber friendly
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EPFO - Employees Provident Fund Organisation
Furnishing of Aadhaar mandatory for final settlement of Pension claims
Furnishing of Aadhaar mandatory for final settlement of Pension claims Ministry of Labour & Employment Press Information Bureau, Government of India 02-March, 2017 The EPFO has clarified that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension and not in withdrawl cases. The EPFO had extended the date of submission of … [Read more...] about Furnishing of Aadhaar mandatory for final settlement of Pension claims
Retirement fund body EPFO launches one page EPF claim withdrawal form
Retirement fund body EPFO launches one page EPF claim withdrawal form Highlights: 1. For EPF subscribers whose Universal Account Number (UAN) is linked to their Aadhaar and bank account number, they can approach the EPFO directly for claims, bypassing the employers 2. In case of full withdrawal from EPF accounts, subscribers are required to mention only their names, … [Read more...] about Retirement fund body EPFO launches one page EPF claim withdrawal form
30 lakh to benefit from new EPF limit
30 lakh to benefit from new EPF limit The move will help 1.2 crore people who will now be eligible for health care benefits. The Centre's move to increase the wage ceiling for employee coverage under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, to Rs 25,000 per month from the existing Rs 15,000 per month limit is expected to benefit a larger … [Read more...] about 30 lakh to benefit from new EPF limit
After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF
After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF The minimum wage ceiling under the Employees' Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000. A hike in the wage limit as proposed would mean all employees drawing basic salary Rs 25,000 would have to compulsorily contribute to the provident … [Read more...] about After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF
Central Board of Trustees recommends 8.65% interest on EPF
Press Information Bureau Government of India Ministry of Labour & Employment 19-December-2016 16:54 IST Shri Bandaru Dattatreya chaired the 215th meeting of the Central Board of Trustees (EPF) CBT recommends 8.65% interest on EPF to its subscribers for the year 2016-17 The Minister of State for Labour and Employment (Independent Charge) Shri Bandaru Dattatreya … [Read more...] about Central Board of Trustees recommends 8.65% interest on EPF
7th Pay Commission – Employees Provident Fund may be raised to Rs 25,000
7th Pay Commission - Employees Provident Fund may be raised to Rs 25,000 Under the 7th Pay Commission minimum wage ceiling the Employees Provident Fund (EPF) is likely to raise to Rs 25,000 from the existing Rs 15,000. The proposal drafted by Employees’ Provident Fund Organisation (EPFO) will be sent to the Union Government which is likely to be approved, the report … [Read more...] about 7th Pay Commission – Employees Provident Fund may be raised to Rs 25,000
EPFO joins network of Common Services Centers
EPFO joins network of Common Services Centers To expand the reach of convenience offered to EPF members, Employees Provident Fund Organisation (EPFO) has joined the network of Common Services Centers (CSC). A Memorandum of Understanding (MoU) has been signed between EPFO and CSC e-Governance Services India Limited (CSC SPV) on 25th October 2016. The MoU is initially for a … [Read more...] about EPFO joins network of Common Services Centers
Prime Minister concerned over grievances of EPF beneficiaries
Prime Minister concerned over grievances of EPF beneficiaries New Delhi: Prime Minister Narendra Modi today expressed concern over the large number of grievances of labourers and EPF beneficiaries and said a system should be in place under which the process of finalisation of retirement benefits for all employees can begin a year in advance. “Discussed methods … [Read more...] about Prime Minister concerned over grievances of EPF beneficiaries
Centre to Raise EPF Equity Exposure to 10 Percent
Centre to Raise EPF Equity Exposure to 10 Percent : The proposal to hike the exposure to equities was discussed with the EPFO s central board of trustees twice in recent months. One in every ten rupees parked in your provident fund would now be invested on Dalal Street, with the government deciding to double EPF savings’ exposure to equities from the present level of 5 per … [Read more...] about Centre to Raise EPF Equity Exposure to 10 Percent
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