The Employees' Provident Fund Organisation (EPFO) is the statutory body under the Government of India's Ministry of Labour and Employment, which is responsible for regulation and management of provident funds in India. The EPFO administers the mandatory provident fund. It also manages social security agreements with other countries. International workers are covered under EPFO plans in countries where bilateral agreements have been signed. As of May 2021, 19 such agreements are in place. The EPFO's top decision-making body is the Central Board of Trustees (CBT), a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF More
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Jun 27, 2022 05:28 PM IST A new universal pension scheme may be considered in view of the call given by the Prime Minister on universal social security and global trends, to cater to those not covered under EPS 95, an internal panel has recommended.
Jun 20, 2022 06:59 PM IST The new payroll additions recorded in April, the first month of FY23, is almost 45,000 less than the new additions in March, when the pension fund had added 968,163 new subscribers. But net payroll additions have gone up.
Jun 07, 2022 09:40 AM IST As far as the market is concerned the news of an increase in equity allocation of EPFOs is a non-event. However, for subscribers of EPFOs, it is a significant event.
Jun 06, 2022 10:18 AM IST Employees contributing over Rs 2.5 lakh to their EPF account will feel the pinch of tax on interest on the excess amount this year, as the rules will be implemented when EPFO credits interest for FY 2021-22.
Jun 03, 2022 07:20 PM IST Earlier in March this year, the EPFO had decided to lower the interest on provident fund deposits for 2021-22 to 8.1 percent from 8.5 percent provided in 2020-21.
May 21, 2022 08:46 AM IST Of the total 15.32 lakh net subscribers added during the month (of March), around 9.68 lakh new members have been covered under the provisions of EPF & MP Act, 1952 for the first time.
May 05, 2022 03:41 PM IST Crediting an interest rate of 8.1% earlier will also benefit EPFO’s financial health as the outgo will be less during PF claim settlements.
Apr 28, 2022 05:50 PM IST One registration and one UAN should be good enough for all workers in the employment ecosystem. This will be helpful for universal social security framework, and seamless transition of registartion and KYC of workers from informal to formal sector.
Apr 20, 2022 07:06 PM IST The Employees’ Provident Fund Organisation (EPFO) data showed that net enrolments between April 2021 and February 2022 were 1.11 crore.
Apr 13, 2022 10:01 AM IST The Central Bureau of Investigation's (CBI) anti-corruption branch in Nagpur and the EPFO's vigilance team from Mumbai started the searches on Tuesday morning in the EPFO offices located at Tukdoji square and Umred road here and continued till late night, they said.
Mar 20, 2022 07:52 PM IST Companies in states such as Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka were lead states to add majority or 61 percent of the net payroll additions recorded in January, said the retirement fund body.
Mar 16, 2022 02:41 PM IST EPFO has lowered the rate to 8.1 percent. This is the lowest interest rate on EPF in 43 years. Despite this EPF remains an attractive investment option. Sumaira Abidi and Karunya Rao discuss the impact on you and your investments like Voluntary Provident Fund.
Mar 14, 2022 05:47 PM IST A small committee of experts from LIC and independent actuaries have already met thrice with EPFO authorities in the past two and a half months.
Mar 14, 2022 08:08 AM IST Investors could ramp up equity allocation through Exchange Traded Funds to enhance portfolio returns at a time when the secure EPF returns are set to come down
Mar 12, 2022 12:02 PM IST Last fiscal, this interest rate was 8.5%. The last time EPFO paid lower than Fy22 rate was in 1977-78 when the interest rate was 8%. This year's lowering of the rate is likely to disappoint millions of its salaried-class subscribers.
Mar 09, 2022 05:09 PM IST EPFO sold its investments under an accounting rule called FIFO and has garnered Rs 5,529 crore of capital gains. It will use it for FY22 interest rate calculation. EPF interest rate for the 2021-22 financial year will be announced on March 12.
Feb 20, 2022 01:38 PM IST At present, all those employees in the organised sector whose basic wage (basic pay plus dearness allowance) is up to Rs 15,000 per month at the time of joining service are mandatorily covered under EPS-95.
Feb 13, 2022 10:25 AM IST EPFO board to meet after the state assembly election results are announced in the second week of March. The retirement fund paid 8.5 percent interest rate to millions of its subscribers in 2020-21.
Jan 29, 2022 03:58 PM IST The social security benefits will be provided to 7,453 employees for whom EPF contributions have been filed by Air India with EPFO for the month of December 2021.
Jan 20, 2022 06:18 PM IST Companies and establishments in Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are the lead job creators. November also saw more women joining formal work than those in October.
Dec 29, 2021 02:17 PM IST At least 40 percent of the active EPF subscribers' accounts are without nominations, and the pension fund body believes that this needs to be plugged on a priority
Nov 27, 2021 05:52 PM IST According to the recent tweet by EPFO's official Twitter account a Private sector pensioner will have to submit their Jeevan Pramaan Patra on or before the last date when he or she had submitted a year ago.
Nov 20, 2021 10:00 PM IST The data reflects a growing trend in net payroll for the first six months of the current financial year except in May, when the nation was reeling under the second wave of COVID-19.
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