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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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  • Moneycontrol Daily: Your Essential 7 Jun 28, 2022 06:17 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • Moneycontrol Selects: Top stories this evening Jun 27, 2022 07:03 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles will help you stay at the top of your game.

  • EPFO board to meet in July; separate PF scheme for gigs, universal pension scheme likely on table Jun 27, 2022 05:28 PM IST

    EPFO board to meet in July; separate PF scheme for gigs, universal pension scheme likely on table

    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.

  • EPFO Payroll: April records 9.23 lakh fresh additions to formal work Jun 20, 2022 06:59 PM IST

    EPFO Payroll: April records 9.23 lakh fresh additions to formal work

    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.

  • Will the increased EPFO allocation to equities help offset FII outflows?  Jun 07, 2022 09:40 AM IST

    Will the increased EPFO allocation to equities help offset FII outflows? 

    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.  

  • Explained: How EPF’s taxable and non-taxable accounts will work Jun 06, 2022 10:18 AM IST

    Explained: How EPF’s taxable and non-taxable accounts will work

    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.

  • Govt approves 8.1% interest rate on EPF deposits for FY22, lowest in over 40 years Jun 03, 2022 07:20 PM IST

    Govt approves 8.1% interest rate on EPF deposits for FY22, lowest in over 40 years

    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.

  • EPFO adds 15.32 lakh net subscribers in March May 21, 2022 08:46 AM IST

    EPFO adds 15.32 lakh net subscribers in March

    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.

  • Exclusive | EPFO interest rate credit likely to happen earlier than previous years May 05, 2022 03:41 PM IST

    Exclusive | EPFO interest rate credit likely to happen earlier than previous years

    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.

  • Exclusive: EPFO and informal sector workers’ UANs may become interoperable Apr 28, 2022 05:50 PM IST

    Exclusive: EPFO and informal sector workers’ UANs may become interoperable

    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.

  • EPFO adds 14.12 lakh subscribers in February, up 14% on year Apr 20, 2022 07:06 PM IST

    EPFO adds 14.12 lakh subscribers in February, up 14% on year

    The Employees’ Provident Fund Organisation (EPFO) data showed that net enrolments between April 2021 and February 2022 were 1.11 crore.

  • CBI searches EPFO offices in Nagpur, seizes documents Apr 13, 2022 10:01 AM IST

    CBI searches EPFO offices in Nagpur, seizes documents

    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.

  • January records 8.64 lakh additions to formal work, a 3-month low: EPFO Payroll Mar 20, 2022 07:52 PM IST

    January records 8.64 lakh additions to formal work, a 3-month low: EPFO Payroll

    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.

  • EPF interest rate cut: Impact on Voluntary Provident Fund and your investment returns Mar 16, 2022 02:41 PM IST

    EPF interest rate cut: Impact on Voluntary Provident Fund and your investment returns

    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.

  • EPFO to rope in PFRDA, LIC for employee pension reforms Mar 14, 2022 05:47 PM IST

    EPFO to rope in PFRDA, LIC for employee pension reforms

    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.

  • Personal Finance: EPFO’s proposal to lower rates makes ETF investing more compelling Mar 14, 2022 08:08 AM IST

    Personal Finance: EPFO’s proposal to lower rates makes ETF investing more compelling

    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

  • EPFO cuts interest rate to 8.1% for 2021-22, lowest in 43 years Mar 12, 2022 12:02 PM IST

    EPFO cuts interest rate to 8.1% for 2021-22, lowest in 43 years

    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.

  • EPFO redeems Rs 12,785 crore ETFs for FY22 interest payout Mar 09, 2022 05:09 PM IST

    EPFO redeems Rs 12,785 crore ETFs for FY22 interest payout

    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.

  • EPFO mulling new pension scheme for formal workers getting over Rs 15,000 basic wage Feb 20, 2022 01:38 PM IST

    EPFO mulling new pension scheme for formal workers getting over Rs 15,000 basic wage

    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.

  • Exclusive | EPFO to declare FY22 interest rate in March second week, PF rate hike unlikely Feb 13, 2022 10:25 AM IST

    Exclusive | EPFO to declare FY22 interest rate in March second week, PF rate hike unlikely

    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.

  • EPFO onboards Air India for social security, 7453 employees enrolled Jan 29, 2022 03:58 PM IST

    EPFO onboards Air India for social security, 7453 employees enrolled

    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.

  • November sees 8.28 lakh additions to formal work, beats October score: EPFO Payroll Jan 20, 2022 06:18 PM IST

    November sees 8.28 lakh additions to formal work, beats October score: EPFO Payroll

    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.

  • Exclusive: EPFO aims to achieve 100% e-nomination by February, makes it 'crucial' for PF withdrawal Dec 29, 2021 02:17 PM IST

    Exclusive: EPFO aims to achieve 100% e-nomination by February, makes it 'crucial' for PF withdrawal

    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

  • Private sector pensioners can submit annual life certificate at any time with validity upto 1 year Nov 27, 2021 05:52 PM IST

    Private sector pensioners can submit annual life certificate at any time with validity upto 1 year

    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.

  • With 15.41 lakh more subscribers in September, EPFO shows a spurt in payroll additions Nov 20, 2021 10:00 PM IST

    With 15.41 lakh more subscribers in September, EPFO shows a spurt in payroll additions

    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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