Epfo

EPFO extends deadline to apply for higher pension for members till July 11

The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the Employees' Provident Fund Organisation said in a statement

EPFO adds 1.41 million subscribers in February, 14% increase from last year

According to the statement, the month-on-month comparison of payroll data reflects a slight increase of 31,826 net subscriber addition in February, 2022 compared to January, 2022

Ad-hoc panel backs raising the wage ceiling under EPFO to Rs 21,000: Report

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme

CBI searches EPFO offices in Nagpur over irregularities, seizes documents

The Central Bureau of Investigation's (CBI) anti-corruption branch in Nagpur and the EPFO's vigilance team from Mumbai started the searches on Tuesday morning in the EPFO offices

TDS will not apply to EPF balance till FY21: Here's what experts suggest

If EPF account is linked to PAN, 10% TDS rate will apply, else 20%

EPF continues to beat inflation even with interest rate at four-decade low

The scheme also offers better returns than other most other investment avenues

BS Number Wise: An emerging trend in EPFO's debt investments

Every investment category but one has seen a drop in its share: it's a move that is not without some risk

EPFO interest rate reflects reality; is still better than other schemes: FM

The central board has proposed to slash the PF rate to 8.1 per cent for FY22 from 8.5 per cent in FY21 and FY20, the lowest in four decades

Today's realities dictated interest rate cut on employee PF, says FM in RS

8.1% rate better than interest rate on small saving deposits, says FM in Rajya Sabha

EPFO adds 1.53 mn subscribers in January, up by 21% from Dec 21

Retirement fund body EPFO added 15.29 lakh subscribers on a net basis in January 2022, an increase of over 21 per cent compared to 12.60 lakh in December 2021, according to the latest payroll data. "The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January 2022, as compared to the net additions during the previous month of December 2021," a labour ministry statement said on Sunday. As per the data, 12.60 lakh net new members were added in December 2021. Of the total 15.29 lakh net subscribers added in January, around 8.64 lakh new members have been registered under the social security ambit of the EPF & MP Act, 1952, according to the statement. Approximately 6.65 lakh net subscribers exited the scheme but re-joined EPFO by continuing their membership with

Explained: How is EPF interest calculated?

EPF interest rate cut to 8.1%: Guide to calculating PF and interest earned

The EPFO decides the rate of interest for the EPF scheme on a yearly basis. The rate of interest is dependent on the market conditions and is vetted by the finance ministry. Here's how to calculate it

Provident fund interest rate for FY22 lowered to four-decade low of 8.1%

EPFO has a surplus of around Rs 450 cr after paying at a rate of 8.1%. Employee representatives sought higher interest rates but the Central Board of Trustees settled for 8.1%

'Reduction in EPFO interest rate BJP's return gift to people post poll win'

'Is it right to attack the savings of crores of employees on the basis of electoral victory?' asked Congress general secretary and chief spokesperson Randeep Surjewala

Challenge for EPFO as gap between govt yields and scheme's returns widen

EPFO invests mostly in central and state govt securities. Its earnings from these instruments are largely used to pay interest to its subscribers

EPFO processes all pending claims of women across the country

The Chennai Zone of the body received and processed maximum claims.

EPFO mulling pension scheme for formal workers with basic wage over Rs 15K

At present, all those employees in the organised sector whose basic wage is up to Rs 15,000 per month at the time of joining service are mandatorily covered under EPS-95

EPFO adds 1.46 mn subscribers in Dec, improving number 14.6% from year ago

Retirement fund body EPFO added 14.6 lakh subscribers on a net basis in December 2021, an increase of 16.4 per cent compared to the year-ago period, according to the latest payroll data. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Sunday showed that the EPFO had added 12.54 lakh net subscribers during December 2020. The net subscriber addition in December has increased by 19.98 per cent as compared to the previous month of November 2021, a labour ministry statement said. The net subscriber addition in November 2021 was revised downwards to 12.17 lakh from 13.95 lakh provisional estimates released in January 2022. Of the total 14.60 lakh net subscribers added in December, 2021, 9.11 lakh new members have been enrolled under EPF & MP Act, 1952 for the first time. Approximately 5.49 lakh net subscribers exited but rejoined EPFO by opting to continue their membership with EPFO by transferring their PF accumulations from previous to ...

EPFO to take call on interest rate for 2021-22 in March meeting

In March 2020, EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

Economic Survey: Significant acceleration in formalisation of the job mkt

An analysis of the latest EPFO data suggests a significant acceleration in formalisation of the job market, driven by both new formal jobs and formalisation of existing jobs