EPFO Current Affairs, GK & News
EPFO Interest Rate -Update
Employees’ Provident Fund Organization (EPFO) has decided to reduce the interest on provident fund (PF) deposits from 8.5% in 2020-21 to 8.1% in 2021-22. About the reduction in interest rate The interest rate of 8.1% will be the lowest interest rate since 1977-78 when the figure stood at 8%. This cut in interest will impact ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: CBT • EPFO • Interest rate • PF • UAN
Dip in EPF Savings- Highlights
According to Union Government, about 7.63 million salaried workers have used their retirement savings to deal with covid-19 crisis since 2020. Back then, centre had allowed EPF subscribers to withdraw more money from their Employees’ Provident Fund corpus so that they can deal with hardships and income loss. What does it reflect? EPFO’s (Employees’ Provident ..
Month: Current Affairs - June, 2021
Category: Government Schemes Current Affairs
Topics: Central Board of trustees • Employees’ Provident Fund Organisation (EPFO) • EPFO • EPFO scheme • Ministry of Labour and Employment
Additional benefits under ESIC & EPFO schemes for dependents of workers
Ministry of Labour and Employment has announced additional benefits for workers under ESIC and EPFO schemes for the dependents of workers passing away due to Covid-19 disease. Highlights Additional benefits will help in reducing fear and anxiety of workers about well-being of their family members because of increasing incidences of death. What was existing norm? ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs
Topics: Employees’ Deposit Linked Insurance Scheme (EDLI) • Employees’ Provident Fund Organisation (EPFO) • EPFO • EPFO scheme • ESIC scheme • Ministry of Labour and Employment
Atma Nirbhar Bharat Rozgar Yojana launched to boost employment
On November 12, 2020, Finance Minister Smt Nirmala Sitharaman announced the fourth economic stimulus package. During the announcement, the Finance Minister introduced the “Atma Nirbhar Bharat Rozgar Yojana”. Atma Nirbhar Bharat Rozgar Yojana The beneficiaries of the scheme include employees in EPFO registered establishments who were on monthly wages less than Rs 15,000. Beneficiaries Atma ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs
Topics: Aatmanirbhar Bharat • Atma Nirbhar Bharat Abhiyan • Atma Nirbharat Bharat Rozgar Yojana • employment generation • Employment provident fund • EPFO • production linked incentive scheme
EPFO Scheme: Rs 764 crore released to the pensioners
On May 5, 2020, the Employees Provident Fund Organization has released Rs 764 crores to the pensioners. Highlights Around 135 field offices of the scheme processed the payment. This has been done in advance to avoid inconvenience of the pensioners during lock down. The bank branches all over the country have been directed to make ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: Employee Provident Fund (EPF) • Employees Provident Fund • Employees’ Provident Fund Organisation (EPFO) • EPFO • Ministry of Labour and Employment • Social Security
EPFO lowers interest rate on deposit to 8.50% for FY2019-20
Employees Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on deposits to 8.50 per cent for the current financial year 2019-20. The interest rate, which is the lowest rate fixed in seven years, was reduced from the previous rate of 8.65 per cent in 2018-19. The Central Board of Trustees, which is the ..
Topics: Deposits • EPFO • Interest rate