Friday, July 19, 2019, 8:12 PM
After a finance ministry proposal to cut down the EPFO interest rate for the last financial year 2018-19 was shot down by the labour ministry, EPF rates may remain unchanged for about 6-crore subscribers. In February, the retirement fund body, managed by the labour ministry, had announced a 10 basis points increase in the interest rate on provident fund deposits to 8.65% for 2018-19.
Friday, June 28, 2019, 12:00 PM
The labour ministry and Employees Provident Fund Organisation(EPFO) are sticking to the 8.65% return proposed by the retirement savings body's board of trustees, citing adequate reserves and the Narendra Modi government's pre-poll political backing to the plan. The finance ministry has objected to the proposal for increasing the payout for 2018-19 to 8.65% from 8.55% in the previous year, and sought a review.
31 May 2019, Friday
What is EPF? EPF refers to the Employee Provident Fund, which is a savings scheme managed by the Central Board of Trustees, and offered to employee ...
Tuesday, May 21, 2019, 6:25 PM
Net employment generation in the formal sector was higher at 8.14 lakh in March 2019 against 7.88 lakh in February this year, according to the latest EPFO payroll data. Around 67.59 lakh jobs were generated in the entire 2018-19 fiscal, the payroll data based on members joining the schemes of the Employees' Provident Fund Organisation (EPFO) showed.
Saturday, May 11, 2019, 2:55 PM
The EPFO is offering an online-service to withdraw your PF account balance. To make the withdrawal process quicker and easier, the provident fund body has introduced a one-page composite form for those EPF subscribers who have linked their UAN with Aadhaar. The single-page composite claim form replaces multiple other claim forms like Form 19, Form 10C, Form 31, etc that were in use earlier.
Monday, April 22, 2019, 5:48 PM
Job creation dropped by 1.73 percent in February to 15.03 lakh compared to 15.30 lakh in the same month last year, according to the latest payroll data of the Employees State Insurance Corporation (ESIC). The data showed that during September 2017 to February 2019, nearly 3 crore new subscribers joined the ESIC scheme.
Monday, April 15, 2019, 10:22 AM
UAN or Universal Account Number is a unique 12 digit number, assigned to members of the employees provident fund organization or EPFO. The UAN is allotted to each member of the EPFO. This facility enables the user, link multiple EPF Accounts allotted to them by employers, during their employment period. The UAN remains same throughout the life of an employee.
Friday, March 22, 2019, 6:21 PM
Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to the latest EPFO payroll data. The EPFO has been releasing payroll data from April 2018, covering the period starting September 2017. The addition in January was 131 percent higher as compared with 3.87 lakh EPFO subscribers added in the year-ago month.
22 February 2019, Friday
Your EPF account will give higher returns. The Ministry of Labour and Employment has stated that the Central Board of Trustees, CBT, the apex policy m ...
Friday, February 22, 2019, 6:40 AM
Retirement fund body EPFO announced an interest rate of 8.65 per cent on PF deposits for 2018-19, to its six crore subscribers. "The proposal to declare interest rate for this fiscal is on the agenda of the EPFO trustees meeting on February 21, 2019," a source had earlier said. The interest rate was at 8.55 per cent for this fiscal as provided in 2017-18.
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