EPFO - Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19 The Finance Ministry has approved 8.65% rate of interest on Employees’ Provident Fund (EPF) for 2018-19 as decided by retirement fund body EPFO, benefitting more than 6 crore formal sector workers. “The Department of Financial Services (DFS), a wing of Finance Min … [Read more...] about EPFO – Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19
Employees Provident Fund
Newly Launched Atal Bimit Vyakti Kalyan Yojna to Benefit More Than 3 Crore Insured Persons
Ministry of Labour & Employment Newly Launched Atal Bimit Vyakti Kalyan Yojna to Benefit More Than 3 Crore Insured Persons 26 SEP 2018 Around 3.2 crore Insured Persons (IPs) will benefit from newly launched scheme of ESIC 'Atal Bimit Vyakti Kalyan Yojna'. The ESI Corporation has approved 'ATAL BIMIT VYAKTI KALYAN YOJNA' for Insured Persons (IP) covered under the … [Read more...] about Newly Launched Atal Bimit Vyakti Kalyan Yojna to Benefit More Than 3 Crore Insured Persons
Insurance of Rail Passengers
Ministry of Railways Insurance of Rail Passengers 01 AUG 2018 An Optional Travel Insurance Scheme was launched w.e.f 01.09.2016 for the Confirmed/RAC Railway passengers who book e-ticket through official website of Indian Railway Catering & Tourism Corporation (IRCTC) portal at the premium of Rs. 0.92 per passenger. Under the scheme, sum assured is paid to the … [Read more...] about Insurance of Rail Passengers
EPFO Rate of Interest
EPFO Rate of Interest The declared rate of interest on Employees Provident Fund (EPF) paid to the subscribers during the last three years is as under: Year Rate of Interest (in per cent.) Date on which Rate of Interest declared 2014-15 8.75 23.01.2015 2015-16 8.80 23.05.2016 2016-17 8.65 24.04.2017 The interest rate on … [Read more...] about EPFO Rate of Interest
Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees Provident Fund (EPF)
Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees’ Provident Fund (EPF) No.CAIU/011(44)2016/Aadhar/10273 Date: 22 SEP 2017 To All ACCs (Zones) including ACC (ASD), All RPFC-I/ RPFC 11 (Regional Offices), Sub: Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and … [Read more...] about Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees Provident Fund (EPF)
EPFO: To hike take-home pay of employees, government plans to cut employers contribution to 10%
EPFO: To hike take-home pay of employees, government plans to cut employers contribution to 10% Chief provident fund commissioner (CPFC) V P Joy told FE the matter is on the agenda and that the opinion of the CBT members would be sought. In a move that will increase the take-home pay of employees, the government plans to prune employers' contribution to the employees' … [Read more...] about EPFO: To hike take-home pay of employees, government plans to cut employers contribution to 10%
EPF pensioners to get medical benefits: Bandaru Dattatreya
EPF pensioners to get medical benefits: Bandaru Dattatreya New Delhi: Nearly 58 lakh people Employees Provident Fund pensioners will now get medical benefits, Labour Minister Bandaru Dattatreya said in the Lok Sabha today. "Regarding the pensioners, we are going to give the pensioners benefit under the ESIC (Employees State Insurance Corporation) to those who are retired … [Read more...] about EPF pensioners to get medical benefits: Bandaru Dattatreya
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 s … [Read more...] about 7th Pay Commission – Employees Provident Fund may be raised to Rs 25,000
Confusion on EPF due to bad phrasing in Budget speech: Union Revenue Secretary Hasmukh Adhia
Confusion on EPF due to bad phrasing in Budget speech: Union Revenue Secretary Hasmukh Adhia Union Revenue Secretary Hasmukh Adhia today defended the proposal to tax Employee’s Provident Fund withdrawals, saying the intention was only to encourage investment in pension schemes, but the phrasing in the Budget speech caused the confusion. “The entire thing happened not bec … [Read more...] about Confusion on EPF due to bad phrasing in Budget speech: Union Revenue Secretary Hasmukh Adhia
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) c … [Read more...] about Employees can withdraw EPF money without employers permission
