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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.

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.

EPFO aims to cover all workers under PF, pension by 2030

EPFO aims to cover all workers under PF, pension by 2030

 EPFO aims to cover all the workers in the country under provident fund (PF), pension and life insurance by 2030, the retirement fund body said in its vision document.

EPFO credits 8.8% interest in 17 crore member accounts for FY’16

EPFO credits 8.8% interest in 17 crore member accounts for FY’16

Retirement fund body EPFO on Friday said it has updated over 17 crore member accounts, crediting interest rate of 8.8 percent for fiscal 2015-16.

EPFO may invest over Rs 6,000 crore in equity market in 2016-17

EPFO may invest over Rs 6,000 crore in equity market in 2016-17

Last year, EPFO had invested about Rs 6,000 crore through SBI Mutual Fund's two index-linked ETFs (exchange-traded funds) -- one to BSE's Sensex and the other NSE's Nifty.

Govt sets up fund to use unclaimed money for senior citizens

Govt sets up fund to use unclaimed money for senior citizens

 Government has set up a welfare fund which will utilise unclaimed money, estimated to be in excess of Rs 9,000 crore, lying in PPF, employees provident fund and small savings schemes to provide healthcare facilities and pension to senior citizens.

EPFO seals Bank a/c of over 600 firms for irregularities

EPFO seals Bank a/c of over 600 firms for irregularities

EPFO carried out a drive to realise PF contributions from employers and took the strict action against them between April 1 last year and March 10 this year.

Bad news! You can't withdraw your full PF deposit before attaining 58

Bad news! You can't withdraw your full PF deposit before attaining 58

Retirement fund body EPFO has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana for its over five crore subscribers.

Pay interest on retained PF or give entire amount: Unions

Pay interest on retained PF or give entire amount: Unions

Earlier this month, Employees Provident Fund Organisation (EPFO) tightened the norms for withdrawals of PF accumulations for its over five crore subscribers.

EPFO now on Facebook and Twitter

The Employees Provident Fund Organisation (EPFO) on Friday made debut on popular social networking platforms Facebook and Twitter.

Govt plans to raise cap on equity investments by EPFO

Govt plans to raise cap on equity investments by EPFO

India plans to lift the cap on equity investments made by the Employees Provident Fund Organisation (EPFO), the main state provident fund, to 15 percent from 5 percent, Minister of State for Finance Jayant Sinha said on Thursday.

`EPFO may invest more in equities next year`

The comments come as India`s Employees` Provident Fund Organisation (EPFO) said on Thursday it would invest in stocks this year for the first time.

India's social security pact with Canada comes into force

Employees posted by Indian establishments in Canada on a predetermined duration of up to 60 months are not required to contribute towards social security schemes in that country.

5 key things you should know about premature PF withdrawals

5 key things you should know about premature PF withdrawals

The Labour Ministry will soon issue a notification in this regard to amend the Employees' Provident Fund Scheme to cap the withdrawal.

Govt set to cap premature PF withdrawals at 75%

The Labour Ministry is all set to cap premature provident fund withdrawal at 75 percent of total deposits in case an EPFO subscriber goes without a job for two months.

Govt may cap premature PF withdrawals at 75%

The government is looking to cap premature provident fund withdrawals at 75 percent for EPFO subscribers at any given time till the age of 58.

12 convicted in EPFO fraud case

Twelve persons, including five employees of the Employees Provident Fund Organisation (EPFO), were convicted by a special CBI court here for fraudulently settling 11 PF claims amounting to Rs 44,74,895 by forging documents.

EPFO reaches out with 'Nidhi Aapke Nikat'

The Employees Provident Fund Organisation (EPFO) has rechristened Bhavishya Nidhi Adalat as 'Nidhi Aapke Nikat', in a bid to expand its reach and attract more participation.

Govt approves Rs 1,000 minimum monthly pension in perpetuity

The scheme was initially effective only till last month.