EPFO mulls increasing equity exposure limit to 25% days after cut in interest rate
2 years, 9 months ago

EPFO mulls increasing equity exposure limit to 25% days after cut in interest rate

India TV News  

EPFO mulls increasing equity exposure limit to 25% days after cut in interest rate EPF Interest Rate: It was in 2015 when the EPFO was first allowed to start investing in equities, but with a limit. If reports are to go by, the EPFO is actively planning to raise the equity exposure from 15 per cent to 25 per cent, but in two phases. The development assumes significance as it comes in the backdrop of the reduction in the interest rate to 8.1 per cent from 8.5 on EPF deposits for 2021-22, which is an over four-decade low. READ MORE: EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons

Cent Interest Rate Epfo Exposure Epf  limit  exposure  epfo  days  25  epf  rate  cut  cent  interest  increasing  mulls  equity  equities

History of this topic

EPFO claims huge liability to pay off higher pension demands, workers, pensioners object
3 weeks, 2 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%
3 weeks, 4 days 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
3 weeks, 4 days 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
3 weeks, 4 days 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
3 weeks, 4 days 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
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 …

EPFO panel to discuss higher pension, new interest rate, changes in insurance scheme
3 weeks, 5 days 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, 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 …

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

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, 1 week 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, 1 week 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 …

EPFO board pitches amnesty plan for PF payment violations
3 months, 3 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 …

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

Two ways for the EPFO to give itself an image boost
4 months, 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 …

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

Centre launches EPFO overhaul amid growing complaints
7 months 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 …

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 …

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 …

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 extends deadline to apply for higher pension till July 11
1 year, 8 months ago

EPFO extends deadline to apply for higher pension till July 11

The Hindu  

The Employees’ Provident Fund Organisation has extended the deadline for members and pensioners to apply for higher Provident Fund pension till July 11 The deadline was to expire on June 26. The EPFO said it would be the “last opportunity” for employees to submit the joint options to get pension on higher wages. Over 16 lakh applications received The EPFO …

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 …

How to get a higher pension in current EPFO ruling explained
1 year, 10 months ago

How to get a higher pension in current EPFO ruling explained

Live Mint  

The Employees' Provident Fund Organisation has come up with a procedure for a contribution towards higher EPS pension. According to the labour ministry, the additional contribution of 1.16 per cent of basic wages for subscribers opting for higher pensions will be managed from employers' contributions. Employees Pension Scheme calculation At present, the government pays 1.16 per cent of basic wages …

EPFO: New deadline to apply for higher pension. Check details here
1 year, 10 months ago

EPFO: New deadline to apply for higher pension. Check details here

Live Mint  

In order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the Employees' Provident Fund Organisation has extended the date for filing applications to opt for a higher pension. The Supreme Court initially set a four-month deadline from the judgment date for eligible employees who were members of the EPF …

EPFO extends deadline to apply for higher pension till June 26
1 year, 10 months ago

EPFO extends deadline to apply for higher pension till June 26

Hindustan Times  

Employees' Provident Fund Organisation on Tuesday extended the date for filing applications to opt for a higher pension till June 26, 2023. Here's how to check your PF balance According to the statement by the ministry of Labour and Employment, the timeline for filing applications has been extended in order to provide a larger window of opportunity and in order …

EPFO extends deadline to apply for higher pension till June 26
1 year, 10 months ago

EPFO extends deadline to apply for higher pension till June 26

Live Mint  

Retirement fund body EPFO on Tuesday extended the deadline to apply for higher pension till June 26. EPFO has made arrangements for obtaining applications for the validation of option / joint option from pensioners / members as per the Hon’ble Supreme Court order dated 4 November 2022. Earlier, the Supreme Court in its order on November 4, 2022 had mandated …

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details
1 year, 10 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 …

EPFO fixes 8.15% interest rate on employees' provident fund for fiscal 2022-23
1 year, 11 months ago

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

India TV News  

Employees' Provident Fund Organisation on Tuesday fixed an 8.15% rate of interest on employees’ provident fund deposits for the fiscal year 2022-23. According to reports, this was the lowest since 1977-78, when the EPF interest rate stood at 8% "The Employees’ Provident Fund Organisation’s apex decision-making body Central Board of Trustees has decided to provide an 8.15% rate of interest …

EPFO fixes 8.15% interest rate on provident fund
1 year, 11 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, 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 …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 11 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, 11 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 says it has ‘no direct investments in individual stocks’
1 year, 11 months ago

EPFO says it has ‘no direct investments in individual stocks’

The Hindu  

The Employees’ Provident Fund Organisation, which manages the retirement savings of crores of formal sector workers, asserted late on March 27 that there is no direct investment of EPFO funds in any individual stocks. The retirement fund manager said it follows “passive investment in equity” by investing in Exchange Traded Funds, as per the investment pattern set by the Finance …

EPFO likely to decide rate of interest on employees’ provident fund deposits for FY23 by March 28
1 year, 11 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, 11 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 …

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