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Employees' Provident Fund Organisation

EPFO to inform members about contributions not deposited by firms

At present, EPFO only informs about the credit of contribution to subscribers account by SMS/email to registered universal account number holders.

Apr 25, 2018, 17:38 PM IST

EPFO lowers interest rate to 8.55 percent for 2017-18

Retirement fund body EPFO on Wednesday lowered the rate of interest on employees provident fund to 8.55 percent.

Feb 22, 2018, 00:07 AM IST

EPFO approves proposal to credit ETF units to PF accounts

EPFO subscribers would be able to see ETF units in their PF accounts by March- end next year.

Nov 24, 2017, 11:21 AM IST

EPFO may bring 500 small private PF Trusts into its fold

The Labour Ministry is in the process of amending Employees' Provident Fund Scheme 1952, so that large private PF trusts having accumulations can carry on the management of their employees' EPF money and accounts.

Jun 25, 2017, 13:54 PM IST

Private PF trusts can't invest funds in own entities: EPFO

Retirement fund body EPFO has asked its field offices to ensure that the firms running private PF trusts are not investing the accumulated provident funds of employees in their own arms and entities.

Jun 13, 2017, 22:54 PM IST

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

No home construction by EPFO, to act as facilitator: Bandaru Dattatreya

Labour Minister Bandaru Dattatreya on Monday clarified that the retirement fund body EPFO will not construct houses, but become a facilitator for its over four crore members so that they can buy homes.

May 08, 2017, 18:46 PM IST

Salary threshold may be hiked to Rs 25,000 for mandatory PF coverage

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.

Apr 07, 2017, 10:38 AM IST

Contractual workers of ECHS to be brought under EPFO net

Retirement fund body EPFO on Tuesday said contractual workers of ECHS scheme for ex-servicemen will be brought under the ambit of its social security schemes.

Mar 07, 2017, 20:37 PM IST

Single form soon for firms to enrol with EPFO, ESIC

Companies will soon have to fill just a single common form to enrol themselves with retirement fund body EPFO and state insurer ESIC.

Mar 05, 2017, 13:25 PM IST

Online EPF withdrawal, pension fixation to be a reality by May

Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its members.

Feb 19, 2017, 14:13 PM IST

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.

Dec 12, 2016, 23:27 PM IST

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.

Nov 17, 2016, 20:47 PM IST

Pledging PF to buy low cost homes to be reality next year

Over four crore subscribers of the retirement fund body EPFO would be able to pledge their provident fund to buy houses and use their accounts to pay equated monthly instalments (EMIs) from next fiscal.

Oct 02, 2016, 13:32 PM IST

EPFO to invest Rs 13,000 crore in ETFs in FY17; unions protest move

Labour Ministry Thursday doubled EPFO's investment limit in ETFs to 10 percent, which will see the retirement fund body infuse about Rs 13,000 crore in stock markets this fiscal, a move that riled trade unions who have questioned the manner in which the government raised the cap.

Sep 29, 2016, 17:47 PM IST

Govt to bring out low-cost housing scheme for EPFO subscribers

The Labour Ministry will come out with a scheme to provide low-cost housing for retirement fund body Employees' Provident Fund Organisation (EPFO) subscribers, Union Minister Bandaru Dattatreya said Sunday.

Aug 21, 2016, 16:19 PM IST

EPFO investments in ETFs to be raised beyond 5%: Labour Minister

Union Labour Minister Bandaru Dattatreya today said that EPFO will raise proportion of its investments in exchange traded funds (ETFs) from the present 5 per cent and a final decision on the quantum for current fiscal would be taken very soon.

Aug 21, 2016, 16:09 PM IST

EPFO asks field offices to receive PF dues through e-mode only

Retirement fund body EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.

Aug 17, 2016, 14:21 PM IST

Govt considering low-cost housing scheme for EPFO subscribers

Government is working on a scheme to provide low-cost housing for retirement fund body EPFO's over five crore subscribers, Parliament was informed Monday.

May 09, 2016, 16:38 PM IST

Will give 'all justifications' for 8.8% EPF interest rate: Dattatreya

Labour Minister Bandaru Dattatreya on Wednesday assured the RSS-backed trade union BMS that his ministry is pressing upon the Finance Ministry with "all justifications" to uphold 8.8 percent interest rate decided by the EPFO.

Apr 27, 2016, 19:50 PM IST