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EPFO to invest Rs 13,000 crore in ETFs in FY17; unions protest move

EPFO to invest Rs 13,000 crore in ETFs in FY17; unions protest move

Labour Ministry Thursday doubled EPFO's investment limit in ETFs to 10 percent, which will see the retirement fund body infuse about Rs 13,000 crore in stock markets this fiscal, a move that riled trade unions who have questioned the manner in which the government raised the cap.

Soon, withdraw pension using EPFO's mobile app

Soon, withdraw pension using EPFO's mobile app

Zee Media Bureau

Employees Provident Fund Organisation (EPFO) is soon going to have a mobile application which would let one withdraw pension and have all the pension related data on a smartphone.

EPFO to make Provident Fund withdrawal online soon​

EPFO to make Provident Fund withdrawal online soon​

Zee Media Bureau

New Delhi: Employees Provident Fund Organisation (EPFO) is soon going to launch a dedicated online system eliminating the need of the company or EPFO interface in resolving subscriber -queries.

EPFO to launch new online system for pensions and PFs soon

EPFO to launch new online system soon and with a click people will be able to withdraw PF.

Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16

Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16

Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.

'Govt considering EPFO's voluntary pension scheme proposal'

'Govt considering EPFO's voluntary pension scheme proposal'

The Labour Ministry is actively considering proposal of a voluntary pension scheme mooted by the Employees' Provident Fund Organisation (EPFO), a senior government official has said.

Govt to bring out low-cost housing scheme for EPFO subscribers

Govt to bring out low-cost housing scheme for EPFO subscribers

The Labour Ministry will come out with a scheme to provide low-cost housing for retirement fund body Employees' Provident Fund Organisation (EPFO) subscribers, Union Minister Bandaru Dattatreya said Sunday.

EPFO investments in ETFs to be raised beyond 5%: Labour Minister

EPFO investments in ETFs to be raised beyond 5%: Labour Minister

Union Labour Minister Bandaru Dattatreya today said that EPFO will raise proportion of its investments in exchange traded funds (ETFs) from the present 5 per cent and a final decision on the quantum for current fiscal would be taken very soon.

EPFO members can fix pension without employers' attestation

EPFO members can fix pension without employers' attestation

Retirement fund body EPFO has introduced a simplified Universal Account Number based form, 10-D, for its subscribers for fixing their pension without employers' attestation.

EPFO asks field offices to receive PF dues through e-mode only

EPFO asks field offices to receive PF dues through e-mode only

Retirement fund body EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.

EPFO planning to launch cheaper home loans for subscribers

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Pledging Provident Fund to buy home may soon become reality

Pledging Provident Fund to buy home may soon become reality

Retirement fund body, Employees’ Provident FundOrganisation (EPFO), may soon introduce a scheme to allow its over 40 million subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments.

Pledging PF to buy home may soon become reality

Pledging PF to buy home may soon become reality

Retirement fund body EPFO may soon introduce a scheme to allow its over 4 crore subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments.

'EPFO investment in ETFs has given higher return than G-Secs'

'EPFO investment in ETFs has given higher return than G-Secs'

Government on Wednesday sought to allay fears over investments by EPFO into ETFs, saying that their performance should be viewed over a long period of time and the retirement fund body has already got over 12 per cent return within a year, higher than G-Secs.

No switch yet from EPF to NPS; need govt clarity: PFRDA

No switch yet from EPF to NPS; need govt clarity: PFRDA

Not a single migration has taken place yet from EPF pension plan to NPS even after a year of government allowing the one-time switch as modalities are yet to be worked out, PFRDA chairman said Wednesday.

EPFO likely to raise equity investment to 10%

EPFO likely to raise equity investment to 10%

Retirement fund body EPFO is likely to double the proportion of its investment in exchange traded funds (ETFs) for this fiscal to 10 percent at its trustees meet on Tuesday in line with an expert panel's recommendations.

EPFO to consider hike in ETF investments next week

EPFO to consider hike in ETF investments next week

Retirement fund body EPFO is likely to consider a proposal to increase proportion of its investments in exchange traded funds (ETFs) in its trustees' meet on July 26.

Finance Ministry rejects Workers' Bank proposal by EPFO

The Ministry of Finance has rejected a proposal for setting up a Workers' Bank by Employees' Provident Fund Organisation( EPFO), according to a senior official of the Labour Ministry.

EPFO may invest up to 12% in equity markets: Bandaru Dattatreya

EPFO may invest up to 12% in equity markets: Bandaru Dattatreya

Buoyed by strong stock markets, Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation may invest up to 12 per cent of its investable amount in equities over a period of time.

 

 

EPFO relaxes UAN rule for PF settlement, but sets riders

EPFO relaxes UAN rule for PF settlement, but sets riders

Retirement fund body EPFO has relaxed the provision that requires furnishing of Universal Account Number (UAN) for settlement of claims like PF withdrawal for all those who left membership before January 1, 2014.