Provident Fund

  • Singapore PM wants apology from blogger for corruption charge 19-05-2014 06:16 PM

    Singapore: Singapore Prime Minister Lee Hsien Loong has sent a legal notice to a local blogger, demanding the removal of an article accusing him of corruption which had been "published maliciously", local media reported. Roy Ngerng had on his website, The Heart Truths, posted a blog titled "Where your CPF...
  • EPFO approves raising Provident Fund interest rate 13-01-2014 12:34 PM

    New Delhi: Retirement fund body EPFO on Monday decided to increase the rate of interest on Provident Fund deposits to 8.75 per cent for 2013-14, a move that will benefit about 5 crore subscribers. "We have decided to recommend to the government 8.75 per cent rate of interest for 2013-14...
  • Three men get 5-yr RI for fraud in PF claims withdrawal 01-01-2014 03:33 PM

    Three persons were sentenced to five-year rigorous imprisonment each by a special CBI court here for committing forgery in withdrawal of PF claims. The court convicted the three - Gajendra Singh Chouhan (who was LDC at EPFO in Bhopal), Pratap Singh (then supervisor in EPFO) and Rajendra Singh Thakur (Gajendra's...
  • Filing online PF account transfer claims on changing jobs becomes a reality 12-10-2013 11:07 AM

    New Delhi: The filing of online provident fund accounts transfer claims on changing jobs for subscribers of the retirement fund body EPFO has become a reality now. The facility has been made available as the Employees' Provident Fund Organisation (EPFO) has launched its online transfer claim portal (OTCP) on October...
  • EPFO unveils revised PF transfer form for online transactions 04-07-2013 07:05 PM

    New Delhi: Taking the first step towards launch of online PF transfer claim facilities, retirement fund body EPFO on Thursday unveiled the revised transfer claim form for the purpose. The launch of full fledged service of online transfer of provident fund transfer claims would take more than a month, EPFO's...
  • New PF norms will reduce your takehome salary 20-04-2013 01:08 PM

    New Delhi: Decks have been cleared for clubbing of allowances with basic pay for PF deductions under the EPFO scheme, a move that will increase savings but reduce take-home pay of over five crore subscribers. A review committee, constituted to look into the nitty-gritty of clubbing of allowances with basic...
  • Apply online for PF transfer, withdrawals from July 1 18-04-2013 05:38 PM

    New Delhi: Over 50 million subscribers of the retirement fund body EPFO will be able to apply online for transfer and withdrawal of their provident fund from July 1, a move aimed at speedy settlement of claims. "We have decided to set up a central clearance house which will be...
  • EPF interest rate to be raised to 8.6 pc 26-04-2012 08:01 PM

    New Delhi: Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers. "The rates were brought down due to lower income (on investment in Special Deposit Schemes)...There is no question of minimum or maximum...
  • Govt to cut EPF rate from 9.5 pc to 8.25 pc 15-03-2012 10:48 PM

    New Delhi: Government on Thursday slashed interest rate on deposits in Employees Provident Fund from 9.5 per cent to 8.25 per cent for 2011-12 affecting over 4.7 crore subscribers. This cut was proposed by the Finance Ministry and a notification was issued by the Labour Ministry, official sources said. The...
  • Online PF account details from July 1 08-06-2011 06:57 PM

    Kolkata: The Employees Provident Fund Organisation (EPFO) on Wednesday said account details would be available online from July 1. "You can watch the account balance of your PF online from July 1," Assistant PF Commissioner Kanchan Roy said at an interactive session at Bengal National Chamber of Commerce and Industry....
  • EPFO for 9.5 pc interest; to avoid bourses 15-02-2011 08:25 PM

    New Delhi: The Employees Provident Fund Organisation (EPFO) on Tuesday stuck to its decision that about 4.71 crore subscribers of the pension fund get one per cent increase in interest on their deposits for 2010-11, pegging the rate of interest at 9.5 per cent. The Central Board of Trustees of...
  • EPFO stops investments in LIC Housing Finance 09-12-2010 03:53 PM

    New Delhi: Retirement fund manager EPFO on Thursday decided to suspend further investments in the LIC Housing Finance till CBI completes investigations into the alleged involvement of its top official in the bribes-for-loans scam. "As of now we have suspended further investments in the LIC Housing Finance. Safety of fund...
  • EPFO raises PF interest rate to 9.5 per cent 15-09-2010 06:06 PM

    New Delhi: In what may be a windfall for crores of employees in public and private sector, the Provident Fund Trustees on Wednesday decided to give a higher interest rate of 9.5 per cent for 2010-11 on their retirement savings. The steep one percentage point increase has taken the interest...