How EPF balance ensures financial security? 5 benefits to know
1 week, 1 day ago

How EPF balance ensures financial security? 5 benefits to know

India Today  

Keeping a sufficient balance in your Employee Provident Fund is not only about saving money. As of now, the EPF interest rate stands at 8.25% per annum, making it a solid long-term investment. EMERGENCY FINANCIAL SUPPORT An EPF balance is also a safety net in tough times. INSURANCE COVERAGE Many people are unaware that EPF also provides life insurance under the Employees' Deposit Linked Insurance scheme. If an EPF account holder passes away while still employed, their nominee receives a financial payout.

Financial Tax Benefits Epf Epf Balance Balance Ensures  financial  rate  savings  know  security  epf  tax  benefits  withdraw  balance  ensures  provides  money  interest

History of this topic

EPFO interest rate 2024-25: Panel retains 8.25 per cent interest rate on EPF deposits
3 weeks, 4 days 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
3 weeks, 4 days 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 …

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 …

EPFO likely to maintain 8.25% interest rate on PF deposits
1 month, 1 week 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 …

EPF Vs EPS: Which One Secures Your Financial Future Better?
3 months, 3 weeks ago

EPF Vs EPS: Which One Secures Your Financial Future Better?

ABP News  

EPF Vs EPS: In a bid to secure the financial future of employees, India offers two major retirement schemes: the Employees' Provident Fund and the Employee Pension Scheme. Upon retirement, employees receive a lump sum, ensuring financial stability in their later years. While EPF ensures savings, EPS guarantees regular monthly income post-retirement to eligible employees. Key Differences Between EPF and …

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 8.15% interest rate on employees' provident fund for 2022-23
1 year, 11 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 …

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today
1 year, 11 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 Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78
2 years, 9 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 …

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

Your EPF money will be tax free | Details here
3 years, 1 month ago

Your EPF money will be tax free | Details here

India Today  

It is essential to ensure a steady flow of income after retirement. Employees' Provident Funds offer one of the best retirement plan investment approaches. INCOME TAX FREE If an employee never withdraws the PF amount during his/her working tenure, that individual stands to gain a lot of advantages during the time of retirement. If an employee does not withdraw money …

EPF interest to be credited soon as govt gives nod: Report
3 years, 4 months ago

EPF interest to be credited soon as govt gives nod: Report

Live Mint  

The Finance Ministry on Friday approved 8.5% rate of interest of provident fund deposit for 2020-21 paving way for the Employees' Provident Fund Organisation to credit the interest, reported news agency PTI citing sources. The retirement fund regulatory body kept the EPF interest rate unchanged for FY 2020-21 as there was more withdrawal than deposits during the entire financial year. …

PF Rule: You Monthly EPF Contributions can Get you Over Rs 1.5 Crore. Know How
3 years, 7 months ago

PF Rule: You Monthly EPF Contributions can Get you Over Rs 1.5 Crore. Know How

News 18  

You must hate it when you look at your salary slip at the starting of the month and find that all the various deductions have reduced your monthly in-hand income. Your EPF fund fetch an interest rate of 8.5 per cent for the financial year 2020-21. “In India, average inflation in the long run is considered to be around 6 …

Re-examining the EPF tax rules
3 years, 11 months ago

Re-examining the EPF tax rules

The Hindu  

Gene Roddenberry’s Star Trek had a wonderful concept, one called ‘Prime Directive’. Events over the past few years in the Employees’ Provident Fund programme can make one think that policymaking should take a ‘Prime Directive’ break in affairs related to the EPF. Earnings on contributions rarely suffered taxation since tax laws pegged tax-free earnings to rates higher than that of …

Employees’ Provident Fund (EPF): 3 reasons why you might earn less returns this year
4 years, 10 months ago

Employees’ Provident Fund (EPF): 3 reasons why you might earn less returns this year

Live Mint  

If you are depending on your employees' provident fund account for retirement needs, earnings from this financial year is likely to disappoint you. Despite falling interest rates in fixed deposits and small saving schemes, the Employees' Provident Fund Organisation had declared an interest rate of 8.5% for 2019-20. Since there will be less contribution for 3 months, the monthly balance …

11 Essentials of Employees’ Provident Fund (EPF)
5 years, 4 months ago

11 Essentials of Employees’ Provident Fund (EPF)

India TV News  

Employees’ Provident Fund is a social security scheme provided by the Employees’ Provident Fund Organisation. However, 8.33% part of the 12% contribution goes into Employees’ Pension Scheme and the remaining 3.67% of the contribution goes into the EPF account of the employee. New PF account will be opened by the new organisation and old PF amount can easily be transferred …

For 6 crore EPFO subscribers, EPF interest rate may remain unchanged
5 years, 8 months ago

For 6 crore EPFO subscribers, EPF interest rate may remain unchanged

Live Mint  

After a finance ministry proposal to cut down the Employees' Provident Fund Organization interest rate for the last financial year 2018-19 was shot down by the labour ministry, EPF rates may remain unchanged for about 6 crore subscribers. In February, the retirement fund body, managed by the labour ministry, had announced a 10 basis points increase in the interest rate …

What a higher EPF interest rate means for you
6 years, 1 month ago

What a higher EPF interest rate means for you

Live Mint  

Accordingly, an EPF balance of ₹10 lakh, which would have earned ₹85,500 in the previous fiscal, will earn ₹86,500 in the current fiscal. A higher rate not only puts more money in your account in the short term, over a long period it can also compound to make a significant difference. First, this means more money in your account and, …

EPF interest rate hiked to 8.65% ahead of Elections 2019
6 years, 1 month ago

EPF interest rate hiked to 8.65% ahead of Elections 2019

Live Mint  

New Delhi: The Employees’ Provident Fund Organisation, the retirement fund manager under the union labour ministry, raised on Thursday interest rate on deposits for its 60 million subscribers to 8.65% for 2018-19, paring its reserves to the lowest level in three years. This is a 10 basis point increase from the 8.55% EPF interest rate announced by the retirement fund …

EPF rate hike likely in bonanza for salaried employees
6 years, 2 months ago

EPF rate hike likely in bonanza for salaried employees

Live Mint  

New Delhi: Retirement fund manager Employees’ Provident Fund Organisation may raise interest rates from the current level of 8.55%, bringing cheer to millions of employees in the organized sector. “It’s an important year and we are making the last round of calculations before announcing the EPF rate in late January.” Prabhakar Banasure, a member of EPFO’s central board of trustees, …

11 Essentials of Employees’ Provident Fund (EPF)
6 years, 3 months ago

11 Essentials of Employees’ Provident Fund (EPF)

India TV News  

Employees’ Provident Fund is a social security scheme provided by the Employees’ Provident Fund Organisation. However, 8.33% part of the 12% contribution goes into Employees’ Pension Scheme and the remaining 3.67% of the contribution goes into the EPF account of the employee. New PF account will be opened by the new organisation and old PF amount can easily be transferred …

Finance Ministry ratifies 8.65% interest rate on EPF deposits for 2016-17
7 years, 11 months ago

Finance Ministry ratifies 8.65% interest rate on EPF deposits for 2016-17

Firstpost  

The Employees’ Provident Fund Organisation trustees had approved 8.65 percent rate on EPF in December last year. New Delhi: Labour Minister Bandaru Dattatreya said on Thursday that the Finance Ministry has approved 8.65 percent interest rate on EPF deposits for 2016-17. The Minister’s statement has laid to rest apprehensions among formal sector workers that they would get lower rate of …

EPF rate cut to 8.65%: Setback for employees but rate still better than most bank FDs
8 years, 3 months ago

EPF rate cut to 8.65%: Setback for employees but rate still better than most bank FDs

Firstpost  

The 8.65% rate is better than most bank FDs which are offering lower rates than this for various tenures Retirement fund body EPFO on Monday decided to lower the interest on EPF deposits for the current fiscal to 8.65 percent, from 8.8 percent provided in 2015-16, for its over four crore subscribers. “The Employees Provident Fund Organisation’s apex decision making …

For the financially literate, both EPF and NPS are actually con-jobs
9 years ago

For the financially literate, both EPF and NPS are actually con-jobs

Firstpost  

The money you invest in EPF actually goes into government paper, where yields are typically lower than in fixed deposits. For example, EPF contributions made by those who earn up to Rs 2.5 lakh per annum get no additional tax cut since you are anyway in the tax-exempt income bracket. For those earning above Rs 15 lakh per annum, the …

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