Page 12 - Epfo

EPFO mulls using NPCI platform to transfer beneficiary payment on same day

Aadhaar enabled transfer of funds and transaction cost by way of bank charges will also come down

EPFO subscribers will get benefit of equity investments from FY19

EPFO has invested Rs 32,500 crore in equities

EPFO relaxes norms for pensioners to file life certificates

EPFO says it will help pensioners in submitting the Jeevan Pramaan certificate with ease

EPFO asks staff to pull up socks as subscribers base erodes

31 offices have reported subscribers base erosion by over 10% in September

Now, EPFO members can link Aadhaar online with UAN

Retirement fund manager EPFO has launched an online facility for its subscribers to link their 12-digit unique Aadhaar number with their Universal (portable PF) Account Number (UAN) on eve of Diwali. Meeting the know your customers (KYC) norms by the Employees' Provident Fund Organisation (EPFO) subscribers help them access a host of online services. "On the eve of Deepawali, the EPFO is pleased to introduce a new facility for its esteemed members having UAN and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services," the EPFO said in statement. The facility has been made available at EPFO's website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR. Using the facility, it said, the EPFO members can online link their respective UAN with Aadhaar. While using the facility, the member will have to provide his/her UAN. An OTP will be se

EPFO to take a call on EPF interest rate for FY18 next month

The Finance Ministry has been asking the Labour Ministry to rationalise the EPF interest rate

EPFO cracks whip on 700 private PF trusts for not filing returns online

More than 700 exempted establishments (private PF trusts) did not file online returns: EPFO

EPFO may pump in Rs 25,000-30,000 cr in equities during FY18

Rs 57 billion already invested this year so far, says a report

EPFO to invest Rs 3,000 cr in AA+ rated corporate bonds in FY17

EPFO to trim investments in AAA bonds

EPFO's new enrolment scheme works, 10 million members added in three months

Employers can file declarations for unregistered employees with a nominal fine of Rs 1 per annum.

EPFO to announce interest rate on PF deposit for FY18 next month

EPFO had lowered rate of return to 8.65% for 2016-17, from 8.8% in 2015-16

EPFO to consider investing Rs 3,000 cr in AA+ rated corporate bonds

FAIC in its meeting decided to invest 2% of investible deposits in the AA+ rated corporate bonds

EPFO to take over 500 small private PF trusts, each with Rs 1 crore funds

The Labour Ministry is in the process of amending Employees' Provident Fund Scheme 1952

EPFO ties up with Hudco to enable Rs 2.67 lakh housing subsidy to members

Retirement fund body EPFO today joined hands with Housing and Urban Development Corp (HUDCO) to enable its members avail credit-linked subsidy of up to Rs 2.67 lakh for buying affordable homes under PMAY. The Memorandum of Understanding was inked today by Employees' Provident Fund Organisation's Central Provident Fund Commissioner V P Joy and HUDCO CMD M Ravi Kanth. The pact was inked in the presence of Urban Development, Housing & Urban Poverty Alleviation Minister M Venkaiah Naidu and Labour Minister Bandaru Dattatreya for facilitating "Housing for All by 2022". The MoU will club the benefits of the Housing Scheme introduced by the EPFO for its subscribers and the Pradhan Mantri Awas Yojana (PMAY). Under the housing scheme, the Employees Provident Fund Organisation (EPFO) allows its subscribers from societies for withdrawing up to 90 per cent of their EPF accumulations to buy homes. The labour ministry intends to facilitate at least 10 lakh subscribers in the next two ...

EPFO may reduce PF contributions to 10%

Presently, employees and employers contribute 12% of basic wages each towards EPF scheme

EPFO advisory body to vet proposal on raising ETF investment on Thursday

Central Board of Trustees to take a final decision on the matter on Friday

Who owns Rs 9-lakh-cr EPFO corpus?

Even latest guidelines allowing usage for EPFO money to buy property is riddled with complications

EPFO reduces claim settlement period to 10 days

Stakeholders can also track individual cases online

EPFO's investment limit in ETFs may be raised to 15% on May 27

The higher limit would help EPFO park around Rs 15,000 cr in stock markets in 2017-18

Now, EPFO to make all payments to members electronically

For this, govt has ammended social security schemes of EPFO