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Pradhan Mantri Shram Yogi Maan-Dhan (PM- SYM)

February 16, 2019

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) announced in the interim budget 2019 has been notified by the Ministry of Labour and Employment. Features of the PM-SYM PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis where ..

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Kirit Somaiya committee on labour to examine functioning of Employees Provident Fund Organisation (EPFO)

October 22, 2018

The parliamentary standing committee on labour, which is headed by BJP MP Kirit Somaiya, will examine the functioning of retirement fund body Employees Provident Fund Organisation (EPFO), its coverage and recovery of arrears. It will review the implementation of labour ..

EPFO offers e-pass book to subscribers

July 27, 2012

The Employees’ Provident Fund Organisation (EPFO) is offering e-passbook facility to its subscribers. Over 50 million of the subscribers can avail e-passbook along with details of their updated accounts online from now. The active subscribers who wish to access the ..

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Government hikes interest rate on SDS, SPF, GPF to 8.8% for 2012-13

May 25, 2012

Interest rates have been increased on the following Schemes for the year 2012-13 to 8.8% from 8.6% currently: Special Deposit Scheme (SDS) State Provident Fund (SPF) General Provident Fund (GPF) New rate will be applicable from April, 1, 2012. Rate ..

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EPF interest rate hiked to 8.6%

April 27, 2012

Interest rate on Employees’ Provident Fund will be increased from 8.25% to 8.6% in the current fiscal. The Employees’ Provident Fund Organisation (EPFO) had brought down the rate of interest to 8.25% for 2011-12 from 9.5% provided in 2010-11. The ..

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FSLRC asked to review PF and small savings norms

November 4, 2011

Recently, the Financial Sector Legislative Reforms Commission (FSLRC) has been asked by the government to review of the rules governing Employees Provident Fund Organization (EPFO), government securities and small savings schemes such as public provident fund (PPF) and National Savings ..

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