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Interest on PF slashed to 8.65%: Key facts you should know

Retirement fund body EPFO on Monday slashed interest on deposits to a four-year low.

EPFO cuts interest rate on PF deposits for 2016-17 to 8.65%

EPFO cuts interest rate on PF deposits for 2016-17 to 8.65%

Retirement fund body EPFO on Monday fixed 8.65 percent rate of interest on EPF deposits for the current fiscal for its over four crore subscribers.

 

 

EPFO likely to hike monthly wage ceiling to Rs 25,000 on December 19

Retirement fund body EPFO is likely to approve a proposal to hike wage ceiling for coverage under its social security schemes to Rs 25,000 per month from the existing Rs 15,000 on December 19.

Demonetisation: EPFO pensioners can submit life certificate till January 15

Demonetisation: EPFO pensioners can submit life certificate till January 15

Providing breather to its around 50 lakh pensioners amid difficulties being faced in banks due to demonetisation, retirement fund body EPFO has extended the last date for submission of life certificate till January 15.

EPFO invests Rs 9.723 crore in ETFs till Oct this year, earns 9.17% absolute return

EPFO invests Rs 9.723 crore in ETFs till Oct this year, earns 9.17% absolute return

Retirement fund body EPFO has invested Rs 9,723 crore in exchange traded funds (ETFs) till October this year while absolute return on these investments was 9.17 percent, Parliament was informed Monday.

 

EPFO asks field staff to settle death claim in 7 days

EPFO asks field staff to settle death claim in 7 days

Retirement fund body EPFO has asked its over 120 field offices to settle death claims within 7 days and retirement PF claims on the day of superannuation.

EPFO to pay 8.8% interest to 'inoperative' PF accounts

EPFO to pay 8.8% interest to 'inoperative' PF accounts

The government is all set to issue a notification authorising retirement fund body EPFO to pay 8.8 percent interest to "inoperative" accounts, Union Labour Minister Bandaru Dattatreya said Monday.

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.