Page 4 - Epfo

EPFO stops correction in member profiles online over fraudulent withdrawals

The organisation in its circular, issued ahead of 2020-21 interest announcement, has ordered its field offices to not entertain any such request for correction in name

EPFO likely to declare rate of interest on EPF deposits for FY21 on March 4

An EPFO trustee said that on Monday he received the intimation that the next CBT meeting is scheduled to be held on March 4 at Srinagar

EPFO settles 6 mn Covid advance claims, releases Rs 15,256 cr till Jan 31

The retirement fund body has settled 56.79 lakh Covid-19 non-refundable advance claims and disbursed ₹14,310 crore till 31 December

Interest on employee's PF contributions over Rs 2.5 lakh to be taxed

One per cent of EPF contributors to be affected

Net payroll addition declines in line with other macroeconomic data

After looking up for two months since lockdown was eased in September, various data point to slowing down of the economy in November

Govt allows EPFO to invest in public sector debt ETFs like Bharat Bond

The government has amended the labour ministry's notification in this regard

EPFO begins crediting 8.5% interest for 2019-20; to reflect from Jan 1

Retirement fund body EPFO on Thursday started crediting 8.5 per cent rate of interest on employees' provident fund (EPF) for 2019-20 for its over six crore members, a senior official said. A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told PTI. The official further informed that the labour ministry has already sent the direction to credit the 8.5 per cent interest on EPF for 2019-20 to the EPFO and the body has already started crediting interest into members account for the last fiscal. Labour Minster Santosh Gangwar said, "We had said that it would be our endeavour to provide 8.5 per cent rate of interest on EPF for 2019-20. We have issued a notification to provide 8.5 per cent rate of interest on EPF for 2019-20. We have also began the process to credit the said rate of interest into subscribers account." The minister also sai

Net payroll addition falls 19% in October vs September, shows data

Formalisation of the economy took a beating in October, compared to the previous month, showed the payroll data

EPFO net new enrolments sees 56% rise to 1.15 million in October

This compared to 0.73 million (7.39 lakh) in the same month last year

EPFO settles 52 lakh Covid-19 claims, disburses Rs 13,300 cr: Gangwar

Retirement fund body EPFO has settled 52 lakh Covid-19 non-refundable advance claims crore so far

EPFO likely to credit 8.5% interest for 2019-20 by December in one go

In March this year, the EPFO's apex decision making body Central Board of Trustees headed by Labour Minister Santosh Gangwar had approved 8.5 per cent interest rate on EPF for 2019-20

Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation

The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year

Top headlines: EPFO at 8.5% for private sector; steel capacity set to fall

From subscribers likely to get 8.5% EPF savings interest at one go on 'market boost' to Serum in talks to finalise Covid-19 vaccine price, here at top headlines this morning

EPFO extends deadline to submit life certificate by pensioners till Feb 28

The pensioners who could not submit their life certificates till November 30 deadline, would get pension every month till February

4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data

EPFO releases data for employee exits in formal sector

EPFO records 1.49 mn net new enrolments in Sept, up from 880,000 in Aug

The net enrolments with the Employees' Provident Fund Organisation (EPFO) had dropped to 5.72 lakh in March 2020 from 10.21 lakh in February, according to the payroll data released in May

EPFO dismisses reports about fall in number of subscribers in October

Retirement fund body EPFO on Thursday dismissed media reports about a fall in the number of firms and subscribers contributing towards its social security schemes in October.

Passive assets more than triple in three years on steady PF inflows

But active investment still holds the edge among individual investors

Labour Min gives 45 days for feedback on Social security code draft rules

Ministry notified draft rules on November 13, inviting objections and suggestions from stakeholders

Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction

The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that