News WrapGet Handpicked Stories from our editors directly to your mailbox

Employees Provident Fund Organisation

EPF trust approves restoration of commuted value of pension to pensioners after 15 years

This was a long pending demand of the pensioners and will benefit approximately 6.3 lakhs pensioners.

Aug 22, 2019, 16:15 PM IST

Interest free partial withdrawal for EPFO members; announcement likely soon

Among the various options, the CBT will also decide in its meeting whether or not to give the subscriber an option to return the partial withdrawal to EPFO or not.

Apr 02, 2018, 16:02 PM IST

EPFO cuts administrative charges to 0.5%

EPFO has also lowered the rate of interest on employees provident fund to 8.55 percent from 8.65 percent.

Feb 22, 2018, 12:12 PM IST

EPFO, HUDCO to ink pact for housing subsidy under PMAY

Retirement fund body EPFO will sign on Thursday a pact with the Housing and Urban Development Corp (HUDCO) to enable members of its housing scheme to avail subsidy and interest subvention under the Pradhan Mantri Awas Yojana.

Jun 21, 2017, 22:15 PM IST

EPFO to invest Rs 22,500 crore in ETFs this fiscal

Retirement fund body EPFO will park about Rs 22,500 crore in the exchange traded funds this fiscal following the approval of its trustees to enhance investments in equity or equity linked schemes last month, a senior official has said.

Jun 11, 2017, 12:02 PM IST

EPFO to invest Rs 20,000 crore in equities in 2017-18: Bandaru Dattatreya

Retirement fund body EPFO will invest Rs 20,000 crore in exchange traded funds this fiscal as it has decided to raise the investment limit in ETFs, Union Minister Bandaru Dattatreya said on Sunday.

May 28, 2017, 16:42 PM IST

Govt ratifies 8.65% rate of interest on EPF deposits for FY17

The government has ratified 8.65 per cent rate of interest on EPF deposits for 2016-17 which would now be credited into the accounts of members of the retirement fund body EPFO.

Apr 27, 2017, 22:46 PM IST

You can withdraw 90% EPF to buy home, pay EMI from account

Over four crore subscribers of the retirement fund body EPFO can now make down payment and pay EMIs from their EPF accounts to buy homes.

Apr 24, 2017, 21:20 PM IST

EPFO allows withdrawals from pension account without Aadhaar

Retirement fund body EPFO has allowed full and final withdrawal of funds by the subscribers from their pension account without providing Aadhaar number.

Feb 28, 2017, 16:33 PM IST

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.

Dec 20, 2016, 02:55 AM IST

Soon, withdraw pension using EPFO's mobile app

Zee Media Bureau

Sep 27, 2016, 13:22 PM IST

EPFO to make Provident Fund withdrawal online soon​

Zee Media Bureau

Sep 27, 2016, 12:47 PM IST

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

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.

Jun 28, 2016, 22:50 PM IST

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.

Jun 18, 2016, 09:43 AM IST

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.

May 15, 2016, 15:45 PM IST

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.

Apr 01, 2016, 19:27 PM IST

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.

Mar 11, 2016, 18:12 PM IST

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.

Mar 09, 2016, 15:21 PM IST

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.

Feb 28, 2016, 18:37 PM IST