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 interest rates. We distribute it as per our revenue. Next time, it will be 8.6 per cent," Labour Minister Mallikarjun...
08:01 PM, Apr 26, 2012
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 Employees' Provident Fund Organisation (EPFO) had provided 9.5 per cent interest rate to its subscribers for 2010-11 after it found...
10:48 PM, Mar 15, 2012
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. "This indeed would be a great help to about 5 crore PF subscribers in India," he said. EPFO plans to...
06:57 PM, Jun 08, 2011
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 the Employees Provident Fund Organisation (EPFO) also decided not to invest in stock markets. After a two-hour meeting of the...
08:25 PM, Feb 15, 2011
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 is our prime concern. We are doing so because CBI is investigating the case", Labour Minister Mallikarjun Kharge said. Kharge,...
03:53 PM, Dec 09, 2010
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 on PF deposits of 4.71 crore organised sector workers to a five-year high from the current level of 8.5 per...
06:06 PM, Sep 15, 2010
The CBI filed chargesheet against 78 people, including three ex judges of Allahabad HC and 3 district judges. ...
07:51 AM, Jul 04, 2010
The court has also ordered protection to all other witnesses in the case. ...
10:22 PM, Oct 20, 2009
SC demands judicial inquiry report be tabled before it within eight weeks. ...
11:46 AM, Oct 20, 2009
Retail chain Subhiksha's top management has already quit. ...
08:22 PM, Feb 11, 2009
We decode for you, what happens when CTC becomes take home. ...
11:19 AM, Jan 21, 2009
Subscribers to the private PFs are allowed income tax exemptions. ...
02:02 AM, Jan 06, 2009
No tax on amount transferred from one co's PF to the other co's PF. ...
02:42 PM, Nov 20, 2008
Wealth tells you how to use Right to Information Act to get your money. ...
11:22 AM, Oct 16, 2008
The scam allegedly involved a number of SC and High Court judges. ...
03:39 PM, Sep 23, 2008
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