EPFO

EPFO new instructions

February 21, 2023

The Employee Provident Fund Organization recently issued new instructions on how employees should apply for pensions. Earlier the amount contributed towards the scheme was capped at Rs 15,000. Now EPFO says the employees can contribute more than this. That is, ..

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EPFO Interest Rate -Update

March 14, 2022

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 ..

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Dip in EPF Savings- Highlights

June 1, 2021

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 ..

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Additional benefits under ESIC & EPFO schemes for dependents of workers

May 31, 2021

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 ..

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Atma Nirbhar Bharat Rozgar Yojana launched to boost employment

November 12, 2020

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 ..

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EPFO Scheme: Rs 764 crore released to the pensioners

May 5, 2020

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 ..

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