EPFO

  • EPFO's Rs 1,000 minimum pension to benefit 32 lakh immediately September 24, 2014

    New Delhi: Government's decision to amend the Employees Pension Scheme, 1995 (EPS-95) run by EPFO to provide minimum monthly pension of Rs 1,000 will immediately benefit around 32 lakh pensioners who get less than this. Earlier, estimates of EPFO had suggested that the immediate beneficiaries who were getting less than Rs...
  • EPFO not considering any proposal to invest in stock markets September 17, 2014

    New Delhi: Retirement fund manager EPFO on Wednesday said that it is not considering any proposal to invest a part of its huge corpus of around Rs 6 lakh crore in stock markets. "We are not considering any proposal to invest in stock markets or equity at present," Employees' Provident Fund...
  • EPFO may launch portable PF A/c number in September September 5, 2014

    New Delhi: Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers is likely to be launched in September. The UAN project is likely to be launched by Prime Minister Narendra Modi. However, no date for the formal launch has been fixed as yet. The...
  • EPFO to pay 8.75 per cent interest on PF deposits in 201415 August 26, 2014

    New Delhi: Retirement fund body EPFO's trustees on Tuesday decided to retain interest payment on provident fund deposits for 201415 at 8.75 per cent. "It has been decided to pay 8.75 per cent interest in the current fiscal," Central Provident Fund Commissioner (CPFC) K K Jalan told PTI after the meeting...
  • 14 EPFO employees get fiveyear RI for fraudulent withdrawals August 2, 2014

    A special CBI court in Bhopalawarded five years rigorous imprisonment to 14 people from the Employees Provident Fund Office (EPFO) and one year RI to another besides imposing a total fine of 25.53 lakh on them for fraudulently withdrawing money in the name of unknown persons thus causing losses to...
  • Proposal for Rs 1,000 minimum monthly pension approved: Government July 7, 2014

    New Delhi: Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS95) run by the retirement body Employees' Provident Fund Organisation (EPFO), Parliament was informed on Monday. The decision of the government would immediately benefit 28 lakh pensioners including 5 lakh widows getting less than Rs...
  • EPFO approves raising Provident Fund interest rate January 13, 2014

    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 201314, 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 201314 to...
  • Filing online PF account transfer claims on changing jobs becomes a reality October 12, 2013

    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 2,...
  • EPFO unveils revised PF transfer form for online transactions July 4, 2013

    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 April 20, 2013

    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 takehome pay of over five crore subscribers. A review committee, constituted to look into the nittygritty of clubbing of allowances with basic...
  • Apply online for PF transfer, withdrawals from July 1 April 18, 2013

    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...
  • EPFO to pay 8.5 per cent interest on PF deposits February 25, 2013

    New Delhi: Retirement fund body EPFO on Monday decided to pay 8.5 per cent interest rate to its over five crore subscribers on their PF deposits for 2012-13, higher than 8.25 per cent provided in the previous fiscal. The decision was taken at the meeting of the Central Board of...
  • EPFO likely to pay 8.5 pc interest for 201213 February 15, 2013

    New Delhi: Over five crore subscribers of the retirement fund body EPFO are likely to get 8.5 per cent return on their investment during 201213, higher than 8.25 per cent paid in the previous fiscal. "... 8.5 per cent rate of interest for the year 201213 is feasible", said a...
  • Takehome salary set to get cut, more money to go to PF December 11, 2012

    New Delhi: A fresh decision by the Employees' Provident Fund Organisation (EPFO) is slated to slash the takehome salary of those in service. The EPFO has decided that Provident Fund of an employee will now not be deducted on just the basic salary, but will now be calculated on the...
  • PF account statements now just a click away November 30, 2012

    New Delhi: Over 50 million provident fund subscribers can now access their account statements online as EPFO on Friday launched its ePassbook service. Active subscribers whose electronic challancumreturn is already uploaded, can download their ePassbook every month under the service launched by the EPFO's Central Provident Fund Commissioner RC Mishra...
  • Online PF account details from July 1 June 8, 2011

    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...
  • FM approves 9.5 pc interest on PF deposits March 17, 2011

    New Delhi: The finance ministry on Thursday approved higher interest rate of 9.5 per cent to over 4.7 crore depositors with the Employees Provident Fund Organisation (EPFO) for 201011. The EPFO had been paying 8.5 per cent interest on PF deposits since 200506. In September 2010, it had recommended an increase...
  • EPFO stops investments in LIC Housing Finance December 9, 2010

    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 bribesforloans scam. "As of now we have suspended further investments in the LIC Housing Finance. Safety of fund is...
  • EPFO raises PF interest rate to 9.5 per cent September 15, 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 201011 on their retirement savings. The steep one percentage point increase has taken the interest on...
  • Retail chain Subhiksha under EPFO scanner February 11, 2009

    New Delhi: The Employees' Provident Fund Office has initiated an inquiry into the retail chain Subhiksha even as its top management quit. Subhiksha is being investigated for nonpayment of Provident Fund dues to its employees. Subhiksha Managing Director DR Subramanian said that the inquiry by EPFO against Subhiksha are for nonpayment...