Central Board of Trustees

EPFO to now invest Rs 3K crore in AA+ rated corporate bonds

EPFO to now invest Rs 3K crore in AA+ rated corporate bonds

Retirement fund body EPFO has decided to invest in corporate bonds in the AA+ investment grade, a notch lower than the earlier norm of AAA, a move that will help it park around Rs 3,000 crore per annum in such securities.

Jul 05, 2017, 18:06 PM IST
EPFO: CBT rejects proposal to reduce PF contribution to 10%

EPFO: CBT rejects proposal to reduce PF contribution to 10%

The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday turned down the proposal to reduce the mandatory contributions from workers and employers to 10 percent.

May 27, 2017, 21:15 PM IST
EPFO may invest up to 15% of investable amount in equity markets

EPFO may invest up to 15% of investable amount in equity markets

Buoyed by the surging stock markets, the Employees Provident Fund Organisation (EPFO) may propose to invest up to 15 per cent of its investable amount in equity markets during the next fiscal, Union Labour Minister Bandaru Dattatreya said.

Mar 19, 2017, 13:08 PM IST
Soon, EPFO to hike minimum salary limit for maintaining PF account to Rs 25,000 per month

Soon, EPFO to hike minimum salary limit for maintaining PF account to Rs 25,000 per month

The Employees Provident Fund Organisation (EPFO) is likely to hike the limit for compulsorily maintaining a PF account to Rs 25,000 from the existing Rs 15,000.

Nov 18, 2016, 14:31 PM IST
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.

Sep 11, 2016, 10:42 AM IST
Seven companies in race to manage EPFO's equity investments in FY17

Seven companies in race to manage EPFO's equity investments in FY17

Seven asset managers -- SBI Mutual Fund, ICICI Prudential, Reliance Capital, HDFC, LIC, UTI and Kotak Mahindra -- are in the race to manage retirement fund body EPFO's investment in stock markets in the current fiscal.

Jun 25, 2016, 20:01 PM IST
EPF interest rate: Nationwide protest by trade unions today

EPF interest rate: Nationwide protest by trade unions today

Trade unions on Friday went on a day-long nationwide protest against Finance Ministry's decision to fix 8.7 percent interest rate for provident fund subscribers, lower than 8.8 percent decided by the EPFO.

Apr 29, 2016, 08:58 AM IST

3-yr insurance after job cessation on cards for EPFO members

Retirement fund body EPFO is likely to approve tomorrow a proposal to provide insurance cover to its subscribers for three years after cessation of employment

Mar 28, 2016, 21:59 PM IST
Provident fund body to invest additional Rs 750 crore in ETFs in FY16

Provident fund body to invest additional Rs 750 crore in ETFs in FY16

Retirement fund body EPFO is likely to invest Rs 5,750 crore in stock market funds in the current fiscal, as against the earlier plan of Rs 5,000 crore.

Nov 22, 2015, 17:29 PM IST
EPFO trustees may fix interest on PF for 2015-16 on Nov 24

EPFO trustees may fix interest on PF for 2015-16 on Nov 24

Retirement body EPFO's trustees are likely to consider and approve a proposal to fix rate of interest on PF deposits for over five crore subscribers for the current fiscal in their meeting scheduled on November 24.

Nov 07, 2015, 00:09 AM IST

EPFO may allow pledging PF contributions to buy low-cost house

EPFO's trustees will consider a proposal to allow its subscribers to pledge their future PF contribution to buy low cost houses, in a meeting scheduled on September 16.

Sep 08, 2015, 16:22 PM IST

EPFO sets up expert group to consider housing scheme

Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.

Mar 18, 2015, 11:58 AM IST

EPFO expected to receive Rs 79K cr as contributions in 2014-15

Retirement fund body Employees Provident Fund Organisation (EPFO) has estimated over 14 percent increase in its incremental deposits this fiscal at Rs 79,377 crore.

Dec 21, 2014, 11:20 AM IST

EPFO trustees to discuss equity investment proposal on Dec 19

Retirement fund body EPFO will discuss a proposal to invest a part of its over Rs 6 lakh crore corpus in equities in the meeting of its trustees on December 19.

Dec 05, 2014, 18:08 PM IST

EPFO asks field offices to enhance coverage of scheme by 30%

EPFO has asked its field offices to focus on construction industry and services sector to increase the coverage of its social security net by 30 per cent following government's decision to enhance wage ceiling.

Aug 29, 2014, 21:09 PM IST

EPFO trustees decide to pay 8.75% interest on PF for 2014-15

Retirement fund body EPFO on Tuesday announced 8.75 percent rate of interest on provident fund deposits for the current fiscal, a move which would benefit its over five crore subscribers across the country.

Aug 26, 2014, 16:42 PM IST

EPFO trustees may defer decision on interest rate today

Retirement fund body EPFO's trustees are likely to defer Tuesday the decision on interest rate on PF deposits for 2014-15.

Aug 26, 2014, 09:45 AM IST

EPFO seeks trustees' nod to invest Rs 10K cr in NTPC bonds

EPFO has sought approval of its apex decision making body the Central Board of Trustees (CBT) for the investment, as per the agenda of the trustees meet scheduled on August 26.

Aug 12, 2014, 18:27 PM IST

EPFO may announce interest on PF for 2014-15 next month

Retirement fund body EPFO may take a decision on rate of interest on PF deposits to be provided for current fiscal to its over 5 crore subscribers, in its trustees meet scheduled next month.

Jul 22, 2014, 23:03 PM IST

EPFO approves Rs 1,000 minimum monthly pension

Trustees of retirement fund body EPFO Thursday approved a proposal to provide a monthly pension of minimum Rs 1,000, a decision that will immediately benefit about its 28 lakh pensioners.

Feb 05, 2014, 10:57 AM IST