EPFO Invest more than Rs.18 crore in ETFs Employees Provident Fund Organisation (EPFO) is investing in Exchange Traded Funds (ETFs) based on Nifty 50, Sensex and Central Public Sector Enterprises (CPSE) Indices. EPFO does not invest in shares and equities of individual companies. The total amount invested by EPFO in ETFs as on 28th February, 2017 is as under: (i) Nifty … [Read more...] about EPFO Invest more than Rs.18 crore in ETFs
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EPFO
EPFO takes various steps for speedy settlement of claims
EPFO takes various steps for speedy settlement of claims The Employees Provident FundsOrganization (EPFO) has taken various steps for speedy settlement of claims which inter alia include: Composite Claim Form (Aadhaar) and Composite Claim Form (Non-Aadhaar) has been introduced by replacing the erstwhile Claim Forms No. 19, 10C and 31, with a view to simplify the … [Read more...] about EPFO takes various steps for speedy settlement of claims
EPFO: Here are 4 points govt is working on the retirement scheme to make it more subscriber friendly
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
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
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
Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement
Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement Payment of Statutory Contributions Henceforth only through Internet Banking The Prime Minister of India during the PRAGATI review meeting held on 26th October desired that claims related to death cases be prioritized and expedited and retirement claims … [Read more...] about Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement
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
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