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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.

7th Pay Commission: NPS funds earned more than PF in last six months

7th Pay Commission: NPS funds earned more than PF in last six months

In the past six months, their retirement savings have earned more than what the Provident Fund offers in a full year.

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.

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.

 

 

Trade unions against increasing EPFO investment in ETFs

Trade unions against increasing EPFO investment in ETFs

Central trade unions including RSS affiliate Bharatiya Mazdoor Sangh (BMS) are up in arms against a proposal to raise proportion of EPFO's investment in Exchange Trade Funds (ETFs) this fiscal.

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.

EPFO may soon allow members to contribute for pension scheme

EPFO may soon allow members to contribute for pension scheme

Retirement fund body EPFO may soon allow its subscribers to contribute voluntarily towards its pension scheme in addition to their employers' mandatory contributions.

Must watch video: Good news! No TDS on PF withdrawal

Must watch video: Good news! No TDS on PF withdrawal

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

Watch! How to withdraw PF deposits without employer signature

Watch! How to withdraw PF deposits without employer signature

Moving a step closer to online settlement of PF withdrawal claims, retirement fund body EPFO have allowed its subscribers to file their applications directly to the body without employers' attestation.

Government's U Turn on EPF

The government could give 8.8% interest rate on 2015-16 EPF. to know more watch the full news story.

Modi govt revises EPF interest rate again; hikes it to 8.8%

Modi govt revises EPF interest rate again; hikes it to 8.8%

This is the third rollback on EPF. Last month the government was forced to withdraw the Budget proposal to tax a certain portion of withdrawals.

Third PF roll-back: Govt raises EPF interest rate to 8.8% from 8.7%

Third PF roll-back: Govt raises EPF interest rate to 8.8% from 8.7%

In yet another roll back, Finance Ministry has retracted its earlier decision of lowering the EPF interest rate for 2015-16, and agreed  to return to 8.8 percent as earlier.

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.

Facing protest over lowering of EPF interest rate, Labour Minister to meet Arun Jaitley

Facing protest over lowering of EPF interest rate, Labour Minister to meet Arun Jaitley

Facing strong protest from the trade unions over reduction in EPF interest rate, Labour Minister Bandaru Dattatreya said on Thursday that he will discuss the issue with Finance Minister Arun Jaitley.

Finance Ministry defends lower interest rate on EPF, cites lack of funds

Finance Ministry defends lower interest rate on EPF, cites lack of funds

Employee unions have called a nationwide protest on April 29, against the Finance Ministry's move to fix EPF interest rate at 8.7 percent for 2015-16, lower than 8.8 percent sought by Employee Provident Fund Organisation (EPFO) and 8.75 paid for the previous fiscal.

EPFO to make Aadhaar as primary identifier to settle PF claim?

EPFO to make Aadhaar as primary identifier to settle PF claim?

In a move that could probably make PF withdrawals much easier, retirement body Employees Provident Fund Organisation (EPFO) has planned to make Aadhaar as primary identifier for settling Aadhaar-seed PF accounts.

Finance Ministry approves 8.7% interest on PF deposits for 2015-16

Finance Ministry approves 8.7% interest on PF deposits for 2015-16

This is probably the first time that the Finance Ministry has not given concurrence to the rate of interest on EPF as decided by CBT, which is headed by the labour minister.

Finance Ministry approves 8.7% interest on EPF deposits for 2015-16

Finance Ministry approves 8.7% interest on EPF deposits for 2015-16

The Finance Ministry on Monday approved 8.7 percent interest on Employees' Provident Fund (EPF) deposits for 2015-16, labour minister Bandaru Dattatreya said.

EPFO to launch system for discouraging premature withdrawals

EPFO to launch system for discouraging premature withdrawals

Retirement fund body EPFO plans to launch 'One Employee One EPF Account' system on May 1 to dissuade premature PF withdrawals and encourage state governments to join its pension system.