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  • Digitisation of EPFO: How you can make provident fund transactions online with ease Sep 10, 2020 10:47 AM IST

    Digitisation of EPFO: How you can make provident fund transactions online with ease

    The speed with which applications have been processed in the time of this pandemic stands as testimony

  • Coronavirus pandemic | EPFO settles 1.37 lakh PF withdrawal claims worth Rs 280cr Apr 10, 2020 03:15 PM IST

    Coronavirus pandemic | EPFO settles 1.37 lakh PF withdrawal claims worth Rs 280cr

    "Employees Provident Fund Organisation (EPFO) has processed about 1.37 lakh claims across the country disbursing an amount of Rs 279.65 crore under a new provision especially formulated by amending the EPF Scheme to help subscribers fight Covid-19," a labour ministry statement said.

  • Coronavirus lockdown | How to withdraw PF money amid COVID-19 crisis Mar 30, 2020 12:00 PM IST

    Coronavirus lockdown | How to withdraw PF money amid COVID-19 crisis

    This decision will help to all those EPF subscribers who may face a pay cut, or run short of money amid nationwide lockdown till April 14.

  • EPFO must think out of the box Mar 11, 2020 09:35 AM IST

    EPFO must think out of the box

    Economic compulsions demand that the PF custodian explores ways to maximise returns on investment

  • EPFO trustees to meet today to fix FY20 interest rate, 8.5% likely Mar 05, 2020 12:13 PM IST

    EPFO trustees to meet today to fix FY20 interest rate, 8.5% likely

    The organisation is reportedly looking to make up for low investment yields

  • EPFO may cut PF interest rates by 15 bps to 8.5% for FY20: Report Feb 28, 2020 09:47 AM IST

    EPFO may cut PF interest rates by 15 bps to 8.5% for FY20: Report

    Earnings from long-term fixed deposits, bonds and G-Secs fell 50-80 bps over the past year and the retirement fund body may thus find it difficult to keep rates unchanged this fiscal

  • Budget 2020: Saving for retirement to become taxing for high-income earners Feb 01, 2020 07:23 PM IST

    Budget 2020: Saving for retirement to become taxing for high-income earners

    Combined NPS, EPF, Superannuation fund investments above Rs 7.5 lakh to be taxed

  • Higher take home? Labour Ministry’s proposal is myopic Aug 29, 2019 01:13 PM IST

    Higher take home? Labour Ministry’s proposal is myopic

    Increasing take home salary by lowering employees’ mandatory contribution to PF is like enjoying today and leaving little for the rainy days

  • EPFO Interest: Labour Ministry rejects move to lower rate Jul 19, 2019 10:15 AM IST

    EPFO Interest: Labour Ministry rejects move to lower rate

    Government officials familiar with the matter said the labour ministry is of the view that EPFO has sufficient surplus of over Rs 3,150 crore, mainly earned from investments in exchange traded funds (ETFs).

  • EPFO to retrieve investments in NBFCs after default scares: Report May 22, 2019 06:36 PM IST

    EPFO to retrieve investments in NBFCs after default scares: Report

    The organisation is looking to ensure the safety of workers’ retirement savings on priority, amid a slew of defaults and downgrades of NBFCs.

  • EPFO's new online form makes PF withdrawal simpler May 13, 2019 08:17 PM IST

    EPFO's new online form makes PF withdrawal simpler

    Allows accounts linked with Aadhaar to make withdrawal on self-attestation basis.

  • IL&FS mess: Companies staring at Rs 9,000 crore drain down of PF, pension funds May 13, 2019 07:06 PM IST

    IL&FS mess: Companies staring at Rs 9,000 crore drain down of PF, pension funds

    The companies will have to make good on the loss in principal and interest income by these funds, as per EPFS, 1952.

  • What Supreme Court's judgement on applicability of PF contributions means Mar 20, 2019 10:21 AM IST

    What Supreme Court's judgement on applicability of PF contributions means

    The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (the PF Act) defines ‘basic wages’ as all emoluments paid in cash to an employee in accordance with the terms of their contract of employment, subject to certain exceptions.

  • Companies can no longer masquerade salaries to escape paying provident fund Mar 01, 2019 08:17 PM IST

    Companies can no longer masquerade salaries to escape paying provident fund

    Apart from employees earning salaries of less than Rs 15,000, this ruling will also bring about a windfall gain to foreign nationals

  • Banks may have to write off nearly Rs 30,000 cr of loan to IL&FS entities Feb 19, 2019 07:25 PM IST

    Banks may have to write off nearly Rs 30,000 cr of loan to IL&FS entities

    “A large part of provident fund investments are in the Rs 50,500 crore assets,” the source said, adding, “..and they are likely to take a significant hit, as they will get their money only after secured lenders have been paid off"

  • Managing Money with Moneycontrol  I  Government hikes small savings rate; SEBI cuts expense ratio Sep 21, 2018 09:15 PM IST

    Managing Money with Moneycontrol I Government hikes small savings rate; SEBI cuts expense ratio

    How much will investors save from the hike in the interest on small savings schemes? Tune in to find out.

  • Govt mulls giving PF subscribers choice of investment pattern: Report Jul 27, 2018 10:23 AM IST

    Govt mulls giving PF subscribers choice of investment pattern: Report

    Subscribers can choose between government securities, equity investments, debt instruments, money market instruments and infrastructure investment trusts

  • EPF rate cut to 8.55%: Why it is still one of the best retirement savings option for investors Feb 23, 2018 10:49 AM IST

    EPF rate cut to 8.55%: Why it is still one of the best retirement savings option for investors

    Despite the falling rates, EPF still holds saving advantage over other retirement savings fund.

  • Govt retains GPF interest rate at 7.8% for October-December Oct 25, 2017 12:50 PM IST

    Govt retains GPF interest rate at 7.8% for October-December

    The rate is in line with that for Public Provident Fund. In July-September quarter too, the interest rate was 7.8 per cent.

  • EPFO to help subscribers get allotment of homes left unsold by housing boards May 25, 2017 10:37 AM IST

    EPFO to help subscribers get allotment of homes left unsold by housing boards

    EPFO has asked regional offices to establish contact with the state housing boards and urge them to allot unsold units to provident fund subscribers.

  • Now, EPFO to make all payments to members electronically May 08, 2017 08:30 PM IST

    Now, EPFO to make all payments to members electronically

    "The labour ministry has amended the schemes run by the EPFO by a notification. This will enable the Employees' Provident Fund Organisation (EPFO) to make all payments like EPF and pension through digital mode," an official said.

  • You can now withdraw EPF for medical treatment without doctor certificate Apr 27, 2017 06:30 PM IST

    You can now withdraw EPF for medical treatment without doctor certificate

    Now, the subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.

  • PF may become voluntary as EPFO’s Central Board of Trustees is set to discuss move Mar 24, 2017 02:50 PM IST

    PF may become voluntary as EPFO’s Central Board of Trustees is set to discuss move

    The inclusion of the agenda item of the Central Board of Trustees’ (CBT) to make PF contributions voluntary for the garment and made-up sectors has raised doubts on the government’s long-term intent on provident fund structure.

  • EPFO sets up district offices to widen PF net, implement housing scheme Mar 23, 2017 04:13 PM IST

    EPFO sets up district offices to widen PF net, implement housing scheme

    District offices can facilitate the awareness of EPFO schemes to employers and employees with a view to secure compliance with the law to provide social security.

  • Hike in PF equity investment cap likely to sail through at EPFO's CBT meet Mar 23, 2017 01:35 PM IST

    Hike in PF equity investment cap likely to sail through at EPFO's CBT meet

    Central trade unions which have been opposing equity investment of PF money say that support from an overwhelming majority of non-trade union CBT members would result in the proposal being accepted.

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