EPFO board pitches amnesty plan for PF payment violations
3 months, 4 weeks 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 to voluntarily declare non-compliance and non-payment of provident fund dues with zero penalties and legal proceedings, a member said. The new investment pattern is expected to earn better returns for the state-backed retirement fund manager’s investments, which are used to decide the interest rate for retirement savings of nearly 70 million employees in the formal sector. According to official data, total investments by the retirement fund body into the ETFs crossed ₹2.3 lakh crore by March 2024, which is 9.49% of its total investible corpus.

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History of this topic

EPFO claims huge liability to pay off higher pension demands, workers, pensioners object
3 weeks, 5 days ago

EPFO claims huge liability to pay off higher pension demands, workers, pensioners object

The Hindu  

The Employees Provident Fund Organisation fears that it may have to spend ₹1,86,920 crore to pay just 50% of the total applicants for a higher pension. It said interim actuarial evaluations will continue for every 50,000 demand letters issued to the Employees Pension Scheme subscribers who had submitted joint options with their employers. “Evaluation of sample data of around 38,000 …

EPFO keeps interest rates on PF unchanged at 8.25%
1 month ago

EPFO keeps interest rates on PF unchanged at 8.25%

Hindustan Times  

New Delhi: The Employees’ Provident Fund Organisation, the state-run retirement fund manager, has decided to maintain the interest rate on provident-fund deposits for 2024-25 at 8.25%, keeping the widely watched metric of middle-class savings unchanged despite global financial uncertainties. The decision not to lower interest rates is a welcome move for the EPFO’s subscribers, for whom provident fund is often …

EPFO retains 8.25 pc interest rate on employees' provident fund deposits for 2024-25
1 month ago

EPFO retains 8.25 pc interest rate on employees' provident fund deposits for 2024-25

Deccan Chronicle  

New Delhi: Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees' provident fund deposits for 2024-25, sources said.In February 2024, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. "The EPFO's apex decision making body Central Board …

EPFO retains 8.25% interest rate on employees' provident fund deposits for 2024-25: Report
1 month ago

EPFO retains 8.25% interest rate on employees' provident fund deposits for 2024-25: Report

Hindustan Times  

The interest rate on employees' provident fund deposits has remained unchanged at 8.25% for 2024-25, PTI reported. The Employees' Provident Fund Organisation, which manages the EPF accounts of over seven crore subscribers, had increased the EPF interest rate from 8.15% in 2022-23 to 8.25% in 2023-24. EPFO has reportedly set an interest rate of 8.25% on EPF deposits for 2024-25, …

EPFO retains 8.25% interest rate on employees' provident fund deposits for 2024-25
Trending News
1 month ago

EPFO retains 8.25% interest rate on employees' provident fund deposits for 2024-25

India Today  

The Employees’ Provident Fund Organisation has kept the interest rate on employees’ provident fund deposits unchanged at 8.25% for 2024-25, according to sources. In February 2024, EPFO had slightly raised the interest rate to 8.25% for 2023-24 from 8.15% in 2022-23. Back in March 2022, EPFO had cut the interest rate to 8.1% for 2021-22, the lowest in over 40 …

EPFO interest rate 2024-25: Panel retains 8.25 per cent interest rate on EPF deposits
1 month ago

EPFO interest rate 2024-25: Panel retains 8.25 per cent interest rate on EPF deposits

India TV News  

EPFO interest rate 2024-25: Panel retains 8.25 per cent interest rate on EPF deposits EPFO interest rate 2024-25: The retirement fund body marginally increased the interest rate of EPF to 8.25 per cent for 2023-24 in February last year. The Employees’ Provident Fund Organisation on Friday retained an interest rate of 8.25 per cent on employees’ provident fund deposits for …

EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
Top News
1 month ago

EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25

Live Mint  

New Delhi, Feb 28 Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees’ provident fund deposits for 2024-25, sources said. In February 2024, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. "The EPFO's apex decision making …

EPFO panel to discuss higher pension, new interest rate, changes in insurance scheme
1 month ago

EPFO panel to discuss higher pension, new interest rate, changes in insurance scheme

The Hindu  

A meeting of the Central Board of Trustees of the Employees’ Provident Fund Organisation, scheduled here on Friday, will discuss the interest rate to be recommended for PF deposits for the coming financial year and review the implementation of the Supreme Court order on higher PF pension. Another major issue before the CBT is the implementation of the Supreme Court’s …

PF new rule: EPFO mulling measures to offer consistent interest rate on 65 million provident fund deposits; how it works
1 month, 1 week ago

PF new rule: EPFO mulling measures to offer consistent interest rate on 65 million provident fund deposits; how it works

Live Mint  

PF new rule: Your Provident Fund contributions may earn a stable interest soon as the government is considering creating an interest stabilisation reserve fund for the Employees’ Provident Fund Organisation. Based on the study results to mobilise an interest stabilisation reserve fund, EPFO subscribers may get consistent interest rates irrespective of what the retirement body earns as the return on …

Government may set up reserve fund for stable EPFO interest rates: Report
1 month, 1 week ago

Government may set up reserve fund for stable EPFO interest rates: Report

India Today  

The government is exploring ways that will offer Employees Provident Fund Organisation members with consistent interest rates, thereby shielding them from market volatility, reported The Economic Times. The labour and employment ministry is conducting an internal study to explore the creation of an interest stabilisation reserve fund under the EPFO, they added. He added that with the establishment of the …

EPFO likely to maintain 8.25% interest rate on PF deposits
1 month, 2 weeks ago

EPFO likely to maintain 8.25% interest rate on PF deposits

India Today  

The Employees' Provident Fund Organisation is likely to keep the interest rate on provident fund deposits above 8% and more so around 8.25%, similar to the previous year. People familiar with the matter have hinted that EPFO’s investment and the accounts' committee will review the organisation’s income and expenditure for this financial year and suggest a rate that not only …

EPFO simplifies fund transfers, personal detail corrections for members
Trending News
2 months, 1 week ago

EPFO simplifies fund transfers, personal detail corrections for members

India Today  

The Employees Provident Fund Organisation has now made the transfer of provident funds for its members more easy and streamlined with its new update. "To ensure ease of doing for its members, EPFO has simplified the process for the transfer of PF account on change of jobs wherein the requirement to route online transfer claims through either the previous or …

EPFO withdrawal from ATM to become a reality soon. Here’s how it will work
2 months, 3 weeks ago

EPFO withdrawal from ATM to become a reality soon. Here’s how it will work

Live Mint  

Good news for over seven crore of the Employees’ Provident Fund Organisation subscribers. Members of the retirement fund body EPFO may soon be able to withdraw their provident fund money directly from ATMs after the settlement. EPFO ATM Card launch date EPFO will introduce its cutting-edge software system by June of this year, EPFO 3.0, according to Union Labour Minister …

3 key EPFO rule changes in New Year 2025: What Provident Fund (PF) account holders need to know
2 months, 4 weeks ago

3 key EPFO rule changes in New Year 2025: What Provident Fund (PF) account holders need to know

Live Mint  

3 key EPFO rule changes coming in 2025: The Employees' Provident Fund Organization has made significant announcements regarding its rules and regulations affecting millions of subscribers. 1)EPFO and ESIC subscribers may soon use claim amounts via e-wallets Subscribers of EPFO and ESIC may soon be able to access their claim settlement amounts directly via e-wallets. 2) EPFO Extends Deadline for …

Labour ministry, RBI hold discussions to ease PF withdrawal
3 months ago

Labour ministry, RBI hold discussions to ease PF withdrawal

Hindustan Times  

The Union labour ministry has begun discussions with the Reserve Bank of India and other banks on rolling out new services for subscribers of the Employees’ Provident Fund Organisation, such as direct access to savings deposits through ATMs and e-wallets linked to bank accounts, an official said, requesting anonymity. The labour ministry has also proposed e-wallets where EPFO members will …

EPFO fined ₹1.5 lakh for not revising pension amount
3 months ago

EPFO fined ₹1.5 lakh for not revising pension amount

Hindustan Times  

The State Consumer Disputes Redressal Commission has directed the Employees Provident Fund Organisation, Chandigarh, to pay compensation of ₹50,000 each to three subscribers for not revising their pension without any valid reasons. As per the order, EPFO has been directed to pay for causing mental agony, harassment and unfair trade practice. Krishan Murari and two other employees of Punjab State …

Will EPF pension be raised soon? Here are parliamentary panel’s recommendations
3 months, 1 week ago

Will EPF pension be raised soon? Here are parliamentary panel’s recommendations

Live Mint  

The Parliamentary Standing Committee on Labour recently recommended that the government raise the minimum pension, which currently stands at ₹1,000, given by the Employee Provident Fund Organisation under its Employee Pension Scheme. In its report tabled in Parliament on December 16, the panel noted that over a decade has passed since the minimum pension of ₹1,000 per month was implemented. …

The EPFO’s ATM plan is good but it must resolve its pension muddle first
3 months, 1 week ago

The EPFO’s ATM plan is good but it must resolve its pension muddle first

Live Mint  

The country’s principal manager of retirement savings for private-sector employees, the Employees’ Provident Fund Organisation, is working on a facility to let subscribers withdraw funds from their corpus through ATM cards, subject to a limit. While this would be welcome, the EPFO also finds itself being held responsible for a pension crisis that has put about 1.75 million retirees in …

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
3 months, 2 weeks 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
3 months, 2 weeks 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 …

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
3 months, 3 weeks ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report
3 months, 3 weeks ago

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report

Hindustan Times  

The Employee Provident Fund Organisation is planning to upgrade to a new version called EPFO 3.0. This will include features like withdrawing provident fund money from ATMs, contributing more than the current 12% limit, and converting PF savings into a pension, ET Now reported. However, discussions regarding all of the new features and policy changes for EPFO 3.0 are currently …

EPF subscribers to receive interest till the date of settlement: CBT Board decides
Trending News
3 months, 3 weeks 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 update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here
3 months, 4 weeks 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 …

Govt may lift cap on EPF contributions in key push for savings scheme
4 months ago

Govt may lift cap on EPF contributions in key push for savings scheme

Hindustan Times  

The Union government is considering doing away with caps on the share of an employee’s salary contributed towards pension to enable higher deductions by those who want higher retirement payouts, as part of a series of upcoming reforms, a senior labour ministry official said on Thursday. An employer and worker both are required by law to contribute 12% of a …

New pension platform to ease payouts: Minister
4 months, 2 weeks ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
6 months, 1 week ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

What are the issues faced by EPFO pensioners?
6 months, 2 weeks ago

What are the issues faced by EPFO pensioners?

The Hindu  

The story so far: Nearly 78 lakh Provident Fund pensioners across the country under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will receive their pension through any bank, any branch from January 1, 2025. The Union Labour Ministry cleared the proposal earlier this month for a Centralised Pension Payment System as part of the EPFO’s ongoing …

Centre to make EPFO pensions fully portable to ease payouts
6 months, 3 weeks ago

Centre to make EPFO pensions fully portable to ease payouts

Hindustan Times  

The Union government will roll out a centralised pension payment system for all subscribers of the state-run retirement fund manager, the Employees’ Provident Fund Organisation, which will enable bank and location portability, and eliminate the need to physically move payment orders, Union labour minister Mansukh Mandaviya has said. Under the reforms taking effect next year, the regional offices would not …

Centre launches EPFO overhaul amid growing complaints
7 months, 1 week ago

Centre launches EPFO overhaul amid growing complaints

Hindustan Times  

New Delhi: The Union government has signed off on a plan to overhaul the Employees’ Provident Fund Organisation’s I-T infrastructure, among a slew of reforms, amid long-standing grievances of subscribers about its grueling processes. A modernisation drive, starting with migration to a new I-T system, has been launched after several rounds of reviews by senior officials led by Union labour …

When will EPF interest be credited for FY 2023-24? All you need to know about it
11 months ago

When will EPF interest be credited for FY 2023-24? All you need to know about it

India TV News  

In a move welcomed by salaried workers, the Employees’ Provident Fund Organisation raised the interest rate on provident fund deposits for the Financial Year 2023–24 from 8.15% to 8.25%. Interest calculated monthly, and deposits expected soon EPFO calculates interest on provident fund deposits monthly, with the contributions deposited at the end of the fiscal year. Checking EPF balance: Easy methods …

EPF interest calculation: Your guide to understanding EPF account interest
1 year ago

EPF interest calculation: Your guide to understanding EPF account interest

India TV News  

The Employees’ Provident Fund stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. Declared EPF interest rate The annual EPF interest rate is announced by the Employees’ Provident Fund Organisation. For the financial year 2023-24, the EPF interest rate stands at 8.25%. Calculation method EPF interest is compounded …

EPF interest hiked to 3-year high of 8.25%
1 year, 1 month ago

EPF interest hiked to 3-year high of 8.25%

Deccan Chronicle  

New Delhi: Ahead of general elections, the interest rate paid on employee provident fund was on Saturday hiked to 8.25 per cent for fiscal year ending March 31, the highest in three years.The central board of trustees of the Employees' Provident Fund Organisation recommended to the finance ministry for raising the interest rate for nearly 8 crore contributing subscribers, the …

EPFO Fixes Interest Rate For Employees' PF At 8.25% For 2023-24
1 year, 1 month ago

EPFO Fixes Interest Rate For Employees' PF At 8.25% For 2023-24

ABP News  

The Employees’ Provident Fund Organisation fixed the interest rate on employees’ provident fund at 8.25 per cent for 2023-24, media agency reported citing anonymous sources. Earlier in March 2023, the retirement fund body increased the interest rate on EPF marginally to 8.15 per cent for 2022-23, while the same stood at 8.10 per cent in the preceding 2021-22 period. Notably, …

EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years
1 year, 1 month 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 …

EPFO fixes 8.25 pc interest rate on employees' provident fund for 2023-24
1 year, 1 month ago

EPFO fixes 8.25 pc interest rate on employees' provident fund for 2023-24

New Indian Express  

NEW DELHI: Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 per cent on employees' provident fund deposits for 2023-24. 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 EPFO's apex decision making body Central …

The woes of pensioners and PF members
1 year, 2 months ago

The woes of pensioners and PF members

The Hindu  

The Employees’ Provident Fund Organisation ’s recent clarification on the implementation of the 2022 Supreme Court verdict on higher Provident Fund pension seems to have added to the woes of pensioners and PF members. Issues in pension computation In the most contentious matter of pension computation, the clarification, which states that pension will be calculated as per paragraph 12 of …

Diwali 2023: ‘Gift’ for employees as centre starts crediting PF interest; here how to check if you have received
1 year, 4 months ago

Diwali 2023: ‘Gift’ for employees as centre starts crediting PF interest; here how to check if you have received

Live Mint  

The Employees’ Provident Fund Organisation has initiated the process of crediting interest to provident fund accounts for the financial year 2022-23, offering an interest rate of 8.15 percent. The interest rate set by the EPFO for the financial year 2022-23 represents a notable uptick from the 7.59 percent interest rate provided in the preceding financial year. The EPFO has issued …

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data
1 year, 7 months ago

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data

India TV News  

The Employees' Provident Fund Organisation added 17.89 lakh net members on a net basis in June 2023, according to data released by the Ministry of Labour and Employment. State-wise analysis State-wise analysis of payroll data shows that the five states of Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Haryana have the highest net member addition. The other four states are as …

When Will EPF Interest For FY 2022-23 Get Credited? Check This
1 year, 7 months ago

When Will EPF Interest For FY 2022-23 Get Credited? Check This

News 18  

The government has adopted the recommendation of the Employees’ Provident Fund Organisation’s Central Board of Trustees to hike the interest rate on provident fund deposits to 8.15 per cent. Please maintain patience.” Once the amount gets credited, customers can check their EPF balance using a variety of methods such as the EPFO official website, missed calls, SMS, or even via …

Provident Fund alert: EPFO to transfer money to more than 7 crore subscribers, steps to check balance
1 year, 7 months ago

Provident Fund alert: EPFO to transfer money to more than 7 crore subscribers, steps to check balance

India TV News  

The Employees Provident Fund Organisation has initiated the process of depositing interest for the financial year 2022–23. The central government approved in July this year raising the interest rate on Employees Provident Fund deposits to 8.15% for the financial year 2022–23. When the sum is credited, users can check their EPF balance in different ways, including the EPFO site, SMS, …

Tech tips: Check your EPF balance online| Follow these simple steps
1 year, 8 months ago

Tech tips: Check your EPF balance online| Follow these simple steps

India TV News  

The Employees' Provident Fund is a significant retirement savings scheme that is mandatory for all employees in India earning up to Rs 15,000 per month. Another convenient option is to use the UMANG application, also known as the "m-Sewa app of EPFO." Here's how: Open the UMANG application and look for "EPFO" under "Employee Centric Services" on the home screen. …

Centre ratifies 8.15% interest rate on EPF for 2022-23
1 year, 8 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 …

Centre hikes EPFO interest rate for FY22-23 to 8.15%
1 year, 8 months ago

Centre hikes EPFO interest rate for FY22-23 to 8.15%

Op India  

On the 24th of July, the Union government announced a hike in the interest rate on deposits under the Employees Provident Fund scheme for the financial year 2022-2023. According to a circular issued on Monday, 24 July, the EPFO said the Ministry of Labour and Employment has conveyed the approval of the central government about the increased EPF interest rate. …

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%
1 year, 8 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, 8 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 data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23
1 year, 10 months ago

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23

India TV News  

EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, The latest data suggested that a total of 1.22 crore members were added to the EPFO on a net basis in 2021-22. Out of 13.40 lakh members …

Higher pension: EPFO directs offices to calculate dues with interest
1 year, 10 months ago

Higher pension: EPFO directs offices to calculate dues with interest

The Hindu  

The Employees’ Provident Fund Organisation has issued an internal circular directing its regional offices on the method to calculate the dues of subscribers who apply for higher PF pension. According to the circular, 8.33% of employer share on higher pay from November 16, 1995 or from the date the pay exceeds the wage ceiling of ₹6,500 and 1.16% of employer …

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details
1 year, 11 months ago

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details

Hindustan Times  

The Employees’ Provident Fund Organisation has set May 3 as the last date to submit an application for higher pension under the Employees' Pension Scheme. Employees who became members before 1 September 2014 and continue to be one can apply for higher pension. Documents to submit Employees should share an agreement to allow the transfer of funds from the provident …

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