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 8 per cent. "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 in its meeting held on Saturday," a source said. The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees in March 2021. In March 2020, EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

Fund Cent Interest Rate Epfo Provident Employees Provident Fund Epf Deposits  85  cent  provident  employees  fund  provided  epfo  epf  deposits  interest  rate  81  slashed

History of this topic

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
1 week, 3 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, 2 days 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, 3 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 …

Two ways for the EPFO to give itself an image boost
1 month, 1 week ago

Two ways for the EPFO to give itself an image boost

Live Mint  

The proof of a retiral kitty’s worth is in the retiring. Since a surge in bogus claims after EPFO processes went online seems like a minor explanation at best, the organization must release data in more granular detail—and sooner—for a clearer picture of the scenario. Moreover, the government’s move to tax employee contributions to the fund above ₹2.5 lakh each …

EPF interest calculation: Your guide to understanding EPF account interest
9 months 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%
10 months, 2 weeks 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 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 …

The woes of pensioners and PF members
11 months, 3 weeks 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 …

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, 5 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, 5 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 …

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 …

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha
1 year, 8 months ago

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha

The Hindu  

A “significant drop” has been achieved in the actuarial deficit of the Employees’ Pension Fund, according to the Central government. This has become possible thanks to improvement in the quality of data in respect of members of the Employees’ Pension Scheme, 1995 and amendments carried out based on recommendations of the actuarial valuation report, and suggestions of the Union Finance …

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 …

Wait for interest credit for 2021-22 prolongs for lakhs of EPF subscribers
1 year, 10 months ago

Wait for interest credit for 2021-22 prolongs for lakhs of EPF subscribers

The Hindu  

Nearly two years after the Budget 2021-22 introduced a tax on annual Employees’ Provident Fund contributions of over ₹2.5 lakh, implementation challenges continue to affect lakhs of EPF members with interest dues for that year still not credited into their accounts. Since then, the Employees’ Provident Fund Organisation has split EPF passbooks for 2021-22 into taxable and non-taxable contributions, but …

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. …

EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons
2 years, 6 months ago

EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons

India TV News  

EPF Interest Rate 2021-22, EPF Interest Rate Cut: The Employees’ Provident Fund Organisation, responsible for regulation and management of provident funds in the country, has cut the interest rate on EPF to a 40-year-low of 8.1 per cent for the financial year 2021-22, causing more pain to the salaried class at a time when inflation is at an 8-year-high. A …

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 …

PPF vs EPF vs FD: Check latest interest rates
2 years, 8 months ago

PPF vs EPF vs FD: Check latest interest rates

India Today  

Employees Provident Fund, fixed deposit and Public Provident Fund are popular among investors who prefer low-risk investment and a decent dividend. PPF INTEREST RATE The PPF interest rate for the first quarter of the new financial year remains at 7.1 per cent. EPF INTEREST RATE Recently, the EPF or Provident Fund interest rate was reduced to a four-decade low of …

EPFO asks PF members not to do these | Details here
2 years, 8 months ago

EPFO asks PF members not to do these | Details here

India Today  

The Employees Provident Fund Organisation has warned subscribers of the Employees' Provident Fund or popularly known as PF, of fraudsters. In a twitter post, EPFO said that it never asks personal details like Aadhaar, PAN, UAN, bank account, OTP over phone, social media, and Whatsapp. #EPFO never asks its members to share their personal details like Aadhaar, PAN, UAN, Bank …

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says
2 years, 8 months ago

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says

News 18  

The central government has laid out a plan to impose taxes on Employees Provident Fund contributions above Rs 2.50 lakh in a year. On the contrary, if a government employee contributes Rs 6 lakh to provident fund, Rs 1 lakh is going to be taxed under the rule. With this new amendment, the government wants to curb high income earners …

Lowest EPF Rate In 43 Years, But Govt Says Returns Getting Higher Than Retail Inflation Rate
2 years, 9 months ago

Lowest EPF Rate In 43 Years, But Govt Says Returns Getting Higher Than Retail Inflation Rate

ABP News  

EPF Rate Cut: For 2021-22, the Central Board of Trustees has decided to reduce the EPF rate to 8.1 percent, which is the lowest EPF rate in 43 years. Defending the EPF rate cut, Finance Minister Nirmala Sitharaman said in the Rajya Sabha that the rate was dictated by today's realities where interest rate on other small saving instruments was …

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 …

EPF interest rate: When will subscribers receive payment?
2 years, 9 months ago

EPF interest rate: When will subscribers receive payment?

India Today  

Employees' provident fund interest rate was cut to a four-decade low of 8.1 per cent for the 2021-22 fiscal. EPF INTEREST RATE The EPFO paid 8.5 per cent interest rate to its subscribers in 2020-21, the same as in the previous year. EPF INTEREST TO SUBSCRIBERS The 8.1 per cent interest rate was recommended by the Central Board of Trustees …

'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 …

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 …

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 …

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 …

EPF interest to be credited soon as govt gives nod: Report
3 years, 1 month 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. …

Decoded: What is Provident Fund and when can you withdraw money from it?
3 years, 2 months ago

Decoded: What is Provident Fund and when can you withdraw money from it?

Business Standard  

An employees' provident fund is a government-managed retirement savings scheme for employees. Every month, employees contribute a part of their salary towards provident fund. Of the latter contribution, 3.7 per cent goes towards the provident fund component and the remaining 8.33 per cent towards pension fund. In March 2020, the EPFO lowered the interest rate on employees’ provident fund to …

PF Interest: 6 Crore likely to Get 8.5% Interest by Month-end. How to Check EPF Balance
3 years, 5 months ago

PF Interest: 6 Crore likely to Get 8.5% Interest by Month-end. How to Check EPF Balance

News 18  

The Employees’ Provident Fund Organization will likely to credit the interest on provident fund deposits for the financial year 2020-21 soon, according to reports. The retirement body kept the interest rate unchanged on the provident fund deposits at 8.5 per cent for the financial year 2020-21. In March, 2020, the central government introduced a special provision under Pradhan Mantri Garib …

PF Rules: Know How to Calculate Employees' Provident Fund Balance and Interest
3 years, 7 months ago

PF Rules: Know How to Calculate Employees' Provident Fund Balance and Interest

News 18  

Employees Provident Fund is a retirement saving option that is specially meant for the long term. For EPF, an employee contributes 12 per cent of the basic salary while the employer contributes 8.33 per cent towards Employees’ Pension Scheme and 3.67 per cent to employees’ EPF. EPF Interest calculation Here’s the EPF interest calculation, if we assume the EPF basic …

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