Topic: EPFO
EPFO new instructions
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.... 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...
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...
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...
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”.... 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.... 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...
Portal Santusht launched: To implement policies of Labour Ministry at grass root level
The Portal Santusht is an Implementation Monitoring Cell that was launched by the Ministry of Lobour and Employment in January 2020. The portal addresses delivery of public services,... Employees can now generate Universal Provident Fund account number online
Employees’ Provident Fund Organization (EPFO), the retirement fund body has launched a facility for formal sector workers to themselves obtain the Universal Provident Fund Account Number on-line. Now...
PF rate to remain unchanged
After a lengthy discussion by the various Union Ministries involved in the process, the Union Government has decided to notify an 8.65% interest rate for the PF deposits... EPFO payroll data for June 2019
The Employees Provident Fund Organization (EPFO) has released the payroll enrollment data for the month of June 2019. The data has shown a net payroll addition of 43%...
