Cashless health insurance for elderly likely in Budget Government is working on a cashless health insurance scheme for senior citizens which may be announced in the upcoming Union Budget 2016-17. Around Rs 10,000 crore – lying unclaimed in banks and insurance companies, EPFO and small savings schemes — would be utilised for providing the health insurance cover to the … [Read more...] about Cashless health insurance for elderly likely in Budget
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EPFO - Employees Provident Fund Organisation
EPFO offers 8.8% interest for 2015-16, unions protest
EPFO offers 8.8% interest for 2015-16, unions protest The financial, investment and audit committee of the EPFO board had proposed 8.95 per cent rate of return as "feasible" in its meeting held in January 2016. The central board of trustees of the Employees’ Provident Fund Organisation (EPFO) on Tuesday recommended 8.80 per cent rate of return on retirement savings under … [Read more...] about EPFO offers 8.8% interest for 2015-16, unions protest
EPFO Likely to Retain Interest Rate at 8.75%
EPFO Likely to Retain Interest Rate at 8.75% – However, a final decision on this would be taken at a meeting of the Central Board of Trustees (CBT), the apex decision-making body of the EPFO, tomorrow in Chennai. The Employees’ Provident Fund Organisation (EPFO) is likely to retain the rate of interest at 8.75% for provident fund deposits for the current fiscal, sources … [Read more...] about EPFO Likely to Retain Interest Rate at 8.75%
Budget 2016 – High Chances of Boost in Take Home Salary
“We are in favour of waiving the employees’ contribution altogether up to a certain level of income. This will boost the take-home salary of such employees rather than force them to park so much of their monthly income into their EPF account for retirement,” said the official. Budget 2016 – High Chances of Boost in Take Home Salary – An analyst said this could also help … [Read more...] about Budget 2016 – High Chances of Boost in Take Home Salary
EPFO may pay 9% interest on PF deposits for 2015-16
EPFO may pay 9% interest on PF deposits for 2015-16 Retirement fund body EPFO may provide 9 per cent interest on PF deposits for this fiscal, which is higher compared to 8.75 per cent provided in previous two fiscals to its over five crore subscribers. The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory … [Read more...] about EPFO may pay 9% interest on PF deposits for 2015-16
PF Withdrawal Made Easier, 2 Crore Employees to Benefit: 10 Facts
PF Withdrawal Made Easier, 2 Crore Employees to Benefit: 10 Facts Of late, the Employees' Provident Fund Organisation (EPFO) has taken many steps to make provident fund (PF) accounts more user-friendly. Earlier this month, EPFO allowed its subscribers to file their PF withdrawal applications directly to the retirement fund body without employers' attestation. Here is a … [Read more...] about PF Withdrawal Made Easier, 2 Crore Employees to Benefit: 10 Facts
Employees can withdraw EPF money without employers permission
Now, employees can withdraw EPF money without employers’ permit Employees can avail the benefit if details such as Aadhaar number and bank account number have been linked to the EPF UAN and their KYC verification has been done by the employer New Delhi: Employees will no longer need the approval of their employers to withdraw money from their Employees Provident Fund (EPF) … [Read more...] about Employees can withdraw EPF money without employers permission
EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO may raise interest rate on PF from 8.75% for FY16 Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the last two financial years, during its trustees' meet tomorrow. Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the … [Read more...] about EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO Likely to Announce Interest on PF for 2015-16 on Nov 24
EPFO Likely to Announce Interest on PF for 2015-16 on Nov 24 After RBI cut interest rate by half a percentage point in September end, finance ministry had said that it will review rate of interest on small savings scheme. Retirement body EPFO is likely to announce interest rate on PF deposit for 2015-16 at its trustees’ meeting on November 24. “The proposal … [Read more...] about EPFO Likely to Announce Interest on PF for 2015-16 on Nov 24
Public Sector Undertakings Comes Under EPFO Scanner
Public Sector Undertakings Comes Under EPFO Scanner EPFO Concentrates on Workers in Construction Sector Student-Trainees not Employees for Purpose of EPF & MP act, 1952. While taking stock of the various developments in EPFO during the month of October, 2015, Shri K.K. Jalan, CPFC noted that several important decisions have been taken in the past one … [Read more...] about Public Sector Undertakings Comes Under EPFO Scanner
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