EPFO board allows faster decisions on investment opportunities
3 years, 1 month ago

EPFO board allows faster decisions on investment opportunities

The Hindu  

The Employees’ Provident Fund Organisation’s Central Board of Trustees on Saturday approved a proposal that would speed up decisions on investment opportunities, according to EPFO officials. The CBT, at a meeting chaired by Labour and Employment Minister Bhupender Yadav, “decided to empower the Finance Investment and Audit Committee to decide upon the investment options, on case-to-case basis, for investment in all such asset classes which are included in the Pattern of Investment as notified by Government of India”, the Ministry said. Labour and Employment Secretary Sunil Barthwal told The Hindu that empowering the FIAC would mean “faster decision-making so that good investment opportunities are not missed due to want of a CBT meeting”. “The FIAC considered various risk factors and mitigation of such risks to recommend this as a good investment opportunity should not be lost if there is adequate risk cover and good yield,” he said.

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History of this topic

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
1 week, 2 days ago

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official

Hindustan Times  

New Delhi: The Employees’ Provident Fund Organisation subscribers will soon have easier access to their savings with new ATM withdrawal facilities. From January 2025, they will be able to withdraw funds up to a specified limit using an EPFO account-linked ATM card, along with other features to improve access, said an official on Saturday. EPFO subscribers will be able to …

EPFO key amendments: Now faster claims and more interest benefits for members
1 week, 4 days ago

EPFO key amendments: Now faster claims and more interest benefits for members

India Today  

The Employees Provident Fund Organisation has introduced major changes to provide financial relief and faster claim settlement for Employees Provident Fund members. KEY UPDATE ON INTEREST PAYMENTS EPFO announced that the Central Board of Trustees has approved an important amendment to paragraph 60 of the EPF Scheme, 1952. BENEFITS FOR EPF MEMBERS Speaking to The Economic Times, Puneet Gupta, Tax …

EPF subscribers to receive interest till the date of settlement: CBT Board decides
Trending News
3 weeks, 1 day ago

EPF subscribers to receive interest till the date of settlement: CBT Board decides

Live Mint  

A number of key decisions were taken in the 236th meeting of Central Board of Trustees, EPFO on Saturday. These changes relate to paying a higher interest to subscribers, Investment in InvITs and REIT, and redemption Policy for ETF investments. The board was informed that in the current financial year, 3.83 crore claims have already been settled for more than …

EPFO board pitches amnesty plan for PF payment violations
3 weeks, 2 days ago

EPFO board pitches amnesty plan for PF payment violations

Hindustan Times  

In a key decision, the central board of trustees of the Employees’ Provident Fund Organisation, in its 236th meeting chaired by labour minister Mansukh Mandaviya on Saturday, approved reinvesting 50% of its redemption proceeds from exchange traded funds back into equities. The board also recommended to the Union government a national EPFO amnesty scheme 2024 for all types of employers …

EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here
3 weeks, 2 days ago

EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here

Live Mint  

The Employees Provident Fund Organisation's Central Board of Trustees is set to meet today, November 30, to decide on various proposals, according to a Business Today report citing sources. The proposals under discussion include the redemption policy for increased investments in equity traded funds, re-investment of ETF proceeds, guidelines for investments into real estate investment trusts, and the annual performance …

EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years
10 months, 2 weeks ago

EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years

India TV News  

Retirement fund body Employees' Provident Fund Organisation has hiked the interest rate on deposits to 8.25 per cent from 8.15 per cent. In March 2023, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.15 per cent for 2022-23 from 8.10 per cent in 2021-22. The 8.5 per cent interest rate on EPF deposits for …

Centre ratifies 8.15% interest rate on EPF for 2022-23
1 year, 4 months ago

Centre ratifies 8.15% interest rate on EPF for 2022-23

Deccan Chronicle  

New Delhi: The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As …

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%
1 year, 4 months ago

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%

Hindustan Times  

The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As per an …

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 4 months ago

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here

News 18  

The central government has approved to credit interest at 8.15 per cent to the Employees’ Provident Fund scheme for 2023-24. The EPFO’s Central Board of Trustees on March 28 set an 8.15 per cent interest rate on provident fund for this fiscal. According to an Employees’ Provident Fund Organisation office order issued on Monday, July 24, the labour ministry has …

EPFO fixes 8.15% interest rate on provident fund
1 year, 8 months ago

EPFO fixes 8.15% interest rate on provident fund

Hindustan Times  

The Employees Provident Fund Organisation, the retirement fund manager to India’s nearly 70-million-strong salaried class, has fixed an 8.15% interest rate on employees’ provident fund for 2022-23, a member of its Central Board of Trustees told HT. Provident fund savings are mandatory under the Employees Provident Funds and Miscellaneous Provisions Act. Provident fund savings are mandatory under the Employees Provident …

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23
1 year, 8 months ago

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23

India Today  

The retirement body fund Employees Provident Fund Organisation on Monday fixed the employees’ provident fund for 2022-23 at 8.15 per cent, reported news agency PTI quoting sources. The fresh rate is 0.5 per cent higher than the 8.1 per cent interest rate EPFO had declared for 2021-22, which also was the lowest in almost four decades. “The Employees’ Provident Fund …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

EPFO marginally hikes interest rate on deposits to 8.15 %
1 year, 8 months ago

EPFO marginally hikes interest rate on deposits to 8.15 %

The Hindu  

After a two-day meeting of the Central Board of Trustees of the Employees’ Provident Fund Organisation, which ended here on Tuesday, it was decided to recommend an increase of 0.05% in the interest for Provident Fund deposits. A government release said the interest rate would be officially notified in the government gazette after the approval of the Ministry of Finance, …

EPFO likely to decide rate of interest on employees’ provident fund deposits for FY23 by March 28
1 year, 8 months ago

EPFO likely to decide rate of interest on employees’ provident fund deposits for FY23 by March 28

The Hindu  

The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund deposits for 2022-23 at its two-day meeting beginning Monday. "The Employees' Provident Fund Organisation's apex decision-making body Central Board of Trustees is likely to decide the rate of interest on EPF for 2022-23 at its two-day meeting beginning on Monday afternoon," a source …

2-day EPFO board meeting from today: List of issues likely to be taken up
1 year, 8 months ago

2-day EPFO board meeting from today: List of issues likely to be taken up

Hindustan Times  

The Central Board of Trustees of the Employees Provident Fund Organisation will convene in New Delhi on Monday for a 2-day meet, during which they are expected to discuss a host of issues, including the interest rate for the financial year 2023-24. Higher pension: The board may hold detailed discussions regarding the higher pension option for subscribers after the Supreme …

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today
1 year, 8 months ago

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today

News 18  

The interest rate on the employees’ provident fund is likely to be revised, even as the retirement fund body EPFO’s board meets on Monday. According to an ET report recently, the government might peg the interest rate on PF deposits at about 8 per cent for the financial year 2022-23, as compared with 8.1 per cent currently. For 2021-22, the …

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details
1 year, 9 months ago

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details

News 18  

Employees’ provident fund member accounts of 98% of contributory firms or establishments have been updated with the latest interest credit till March 6, 2023, Parliament was informed on Monday. “This is an ongoing process, which has been taken up in a scheduled manner post development of software and by March 6, 2023, the process has been completed in respect of …

EPF Board meet pushed to March 27-28
1 year, 9 months ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

EPF Interest 2021-22, Trustees Flag Non-Credit Issue; Check Latest Update
1 year, 10 months ago

EPF Interest 2021-22, Trustees Flag Non-Credit Issue; Check Latest Update

News 18  

Retirement fund body EPFO’s trustees, including those representing employers as well as workers, have raised the issue of non-credit of interest on employees’ provident fund for 2021-22 even after its ratification in June last year. The Employees Provident Organisation’s Central Board of Trustees, headed by Union Labour Minister Bhupender Yadav, in March 2022 approved an 8.1 per cent rate of …

EPFO subscribers expected to receive entire PF interest amount after Diwali: Reports
2 years, 2 months ago

EPFO subscribers expected to receive entire PF interest amount after Diwali: Reports

Firstpost  

The finance ministry said earlier this month that the interest amount is being credited into subscribers’ accounts and if it wasn’t apparent in the account statements, it was because the EPFO software is being upgraded Good news for EPFO subscribers! The interest is expected to be credited into subscribers’ accounts by the end of this month, according to media reports. …

Centre okays slashing PF interest rate
2 years, 6 months ago

Centre okays slashing PF interest rate

The Hindu  

The Union Finance Ministry has approved the EPFO Central Board of Trustees’ decision taken in March to reduce the interest rate on PF accounts to 8.1% from 8.5%. “The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under para 60 of Employees’ Provident Fund Scheme, 1952 to credit interest at the rate …

Govt Approves 8.1 Per Cent Interest Rate On EPF Deposits For 2021-22, Lowest In Four Decades
2 years, 6 months ago

Govt Approves 8.1 Per Cent Interest Rate On EPF Deposits For 2021-22, Lowest In Four Decades

ABP News  

New Delhi: The central government has approved 8.1 per cent rate of interest on employees' provident fund deposits for 2021-22, an over four-decade low, for about five crore subscribers of retirement fund body EPFO, reported by the PTI. Earlier in March this year, the Employees' Provident Fund Organisation had decided to lower the interest on provident fund deposits for 2021-22 …

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22
2 years, 6 months ago

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22

Firstpost  

The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent New Delhi: The government has approved 8.1 per cent rate of interest on employees’ provident fund deposits for 2021-22 – an over four-decade low – for about five crore subscribers of retirement fund body EPFO. Earlier in March this year, …

EPF Interest Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78
2 years, 6 months ago

EPF Interest Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78

News 18  

The government has approved a four-decade-low interest rate of 8.1 per cent on employee provident fund deposits for 2021-22, according to news agency PTI quoting an EPFO office order. The retirement fund body had in March decided to pay an 8.1 per cent rate of interest on the provident fund deposits for the financial year 2021-22, against 8.5 per cent …

EPFO interest rate better than other schemes, reflects today's realities, says Nirmala Sitharaman
2 years, 9 months ago

EPFO interest rate better than other schemes, reflects today's realities, says Nirmala Sitharaman

Firstpost  

She said the decision to lower interest rate was taken by the central board of the provident fund managing body, EPFO, which has representatives of all stakeholders including employees’ unions New Delhi: Finance Minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees’ provident fund deposits to over four-decade low of 8.1 per cent, saying …

Let workers migrate out of the poorly performing EPFO to the NPS
2 years, 9 months ago

Let workers migrate out of the poorly performing EPFO to the NPS

Live Mint  

The Employees' Provident Fund Organisation must manage workers’ savings more efficiently to help them build a respectable retirement nest. The 8.1% rate of return that the Central Board of Trustees of the EPFO has recommended for 2021-22—although better than the interest rate on bank deposits and small savings schemes —is not just lower than the 8.5% return in the previous …

'Return gift': Congress' jibe at BJP after EPFO cuts interest rate to 8.1%, lowest in 4 decades
2 years, 9 months ago

'Return gift': Congress' jibe at BJP after EPFO cuts interest rate to 8.1%, lowest in 4 decades

Hindustan Times  

The latest reduction in Employees' Provident Fund Organisation's interest rate is a "return gift" by the Bharatiya Janata Party to people after it secured a record win in the recently concluded assembly elections in five states, Congress general secretary and chief spokesperson Randeep Surjewala said on Saturday. "The EPFO has reduced the interest rate on PF deposits to the lowest …

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings
2 years, 9 months ago

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings

The Hindu  

The return on workers’ retirement savings parked with the Employees’ Provident Fund Organisation has been slashed to 8.1% for 2021-22 from the 8.5% rate credited to EPF members’ accounts in the last two years. The EPFO’s income from investments this year stood at ₹76,768 crore from about ₹70,000 crore in 2020-21, when it had paid out 8.5% to EPF accounts. …

Retirement fund body EPFO sets interest rate at over four-decade low of 8.1% for 2021-22
2 years, 9 months ago

Retirement fund body EPFO sets interest rate at over four-decade low of 8.1% for 2021-22

India Today  

The retirement fund body EPFO has set the interest rate on provident fund deposits for 2021-22 at 8.1 per cent, which is the lowest it has been in more than four decades. "The Employees' Provident Fund Organisation's apex decision-making body Central Board of Trustees has decided to provide 8.1 per cent rate of interest on Employees Provident Fund for 2021-22 …

Middle-class savings to dip as EPFO cuts interest rate to 8.1% for 2021-22
2 years, 9 months ago

Middle-class savings to dip as EPFO cuts interest rate to 8.1% for 2021-22

Hindustan Times  

The Employees’ Provident Fund Organisation, the state-run retirement fund manager and a popular savings scheme for millions of salaried middle-class Indians, on Saturday decided on an 8.1% interest on provident fund deposits for 2021-22, a downward revision. In the previous year, the fund manager kept the interest rate on savings steady at 8.5% but Saturday’s downward revision is lowest in …

EPFO fixes 8.1% as interest rate, a over four-decade low, on EPF deposits for 2021-22
2 years, 9 months ago

EPFO fixes 8.1% as interest rate, a over four-decade low, on EPF deposits for 2021-22

Firstpost  

This is the lowest since 1977-78, when the EPF interest rate stood at 8 per cent. New Delhi: The interest rate on employees’ provident fund deposits on Saturday was proposed to be cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year, sources said. The EPFO paid 8.5 …

Employees' Provident Fund interest rate slashed from 8.5% to 8.1%
2 years, 9 months ago

Employees' Provident Fund interest rate slashed from 8.5% to 8.1%

Hindustan Times  

Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21, sources said. The Employees' Provident Fund Organisation office This is the lowest since 1977-78, when the EPF interest rate stood at …

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More
2 years, 9 months ago

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More

News 18  

EPF interest rate 2021-22: The Employees’ Provident Fund Organisation on Saturday decided to pay 8.1 per cent rate of interest on provident fund deposits for the current financial year 2021-22, sources told CNBC-TV18. The rationale behind this recommendation is we want to strike a balance between the safety of EPF corpus with high returns and we will look for well …

EPFO to take call on interest rate for 2021-22 in March
2 years, 10 months ago

EPFO to take call on interest rate for 2021-22 in March

India TV News  

EPFO's apex decision-making body Central Board of Trustee will take a call on interest rate on employees' provident fund deposits for 2021-22 in its meeting next month. Asked whether EPFO would maintain the 8.5 per cent interest rate for 2021-22 as decided for 2020-21, Yadav, who also heads the CBT, said the decision would be taken on the basis of …

Govt. approves 8.5% interest rate on Employees' Provident Fund for FY21
3 years, 1 month ago

Govt. approves 8.5% interest rate on Employees' Provident Fund for FY21

The Hindu  

The government has approved 8.5% rate of interest on employees' provident fund for the 2020-21 fiscal, a source said. Just ahead of Diwali, this is a good news for over five crore subscribers of the Employees Provident Fund Organisation. The 8.5% rate of interest on provident fund deposits for the last financial year was decided by the EPFO's apex decision …

EPFO fixes interest rate on EPF deposits at 8.5% for 2020-21: Sources
3 years, 9 months ago

EPFO fixes interest rate on EPF deposits at 8.5% for 2020-21: Sources

India Today  

The Employees’ Provident Fund Organisation has fixed the rate of interest on provident fund deposits at 8.5 per cent for the financial year 2020-21, sources in the government have said. The decision to fix the EPFO interest rate at 8.5 per cent was taken in the backdrop of an economic slowdown due to coronavirus pandemic that forced the Indian economy …

EPFO Keeps Interest Rate Unchanged at 8.5% for FY-21 on Provident Fund Deposits
3 years, 9 months ago

EPFO Keeps Interest Rate Unchanged at 8.5% for FY-21 on Provident Fund Deposits

News 18  

The Employees’ Provident Fund Organisation has maintained 8.5 per cent interest for 2020-21, the same rate fixed for the last fiscal 2019-20. Last year, in March, EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 percent for 2019-20, from 8.65 percent in 2018-19. Budget 2021 has proposed to restrict tax exemption for interest …

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today
3 years, 9 months ago

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today

Firstpost  

The Employees Provident Fund Organisation is expected to announce the interest rates on provident fund deposits for the financial year 2020-21 on Thursday. The central board of trustees will meet in Srinagar and reports say the EPFO could lower the rates for FY 20-21 following the economic downturn throughout the last year due to novel coronavirus. In March 2020, the …

EPFO Likely to Announce Interest Rates for 2020-21 Tomorrow
3 years, 9 months ago

EPFO Likely to Announce Interest Rates for 2020-21 Tomorrow

News 18  

Employees’ Provident Fund Organisation will likely announce the interest rates on Provident Fund deposits for the financial year 2020-21 on March 4, following the Central Board of Trustees meeting in Srinagar. The retirement body had said that the 8.5 percent interest would be paid in two installments – 8.15 percent from debt investments and 0.35 percent from equity. Finance Minister …

EPFO to pay 8.5% interest for FY20 in two instalments, cites COVID's impact on income
4 years, 3 months ago

EPFO to pay 8.5% interest for FY20 in two instalments, cites COVID's impact on income

Firstpost  

An instalment of 8.15% will be paid for now, and the remaining 0.35% will be credited by December New Delhi: Retirement fund body EPFO on Wednesday decided to provide 8.5 per cent rate of interest on employees’ provident fund for 2019-20 as committed earlier. In March this year, Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees …

EPFO Decides to Credit Part of 8.5% Interest for FY20 to 6 Crore Subscribers: Report
4 years, 3 months ago

EPFO Decides to Credit Part of 8.5% Interest for FY20 to 6 Crore Subscribers: Report

News 18  

Retirement fund body EPFO on Wednesday decided to credit a part of 8.5 per interest on employees provident fund for 2019-20 into the account of its around 6 crore subscribers. The decision to provide 8.15 per cent interest on EPF has been taken at the Employees' Provident Fund Organisation's trustees meet held on Wednesday, a source said. The EPFO's apex …

EPFO Trustees to Flag Delay in Ratification of EPF Interest Rate for FY20
4 years, 3 months ago

EPFO Trustees to Flag Delay in Ratification of EPF Interest Rate for FY20

News 18  

The issue of delay in ratification of 8.5 per cent rate of interest for employees provident fund for 2019-20 is likely to be raised in the meeting of retirement fund body EPFO scheduled on Wednesday. The Employees' Provident Fund Organisation's apex decision making body Central Board of Trustees, headed by Labour Minister Santosh Gangwar, had on March 5 this year …

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