EPF

"As per paragraph 72(6) of the EPF Scheme 1952, certain accounts are classified as Inoperative Accounts. All such Inoperative Accounts, however, have definite claimants

The number of new monthly subscribers under the Employees' Provident Fund (EPF) has declined by 7.5 per cent to 777,232 in January 2023 from 840,372 in December 2022

Sources said that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe

"The old pension scheme is like accepting a post-dated cheque of a bank that is bound to fail"

However, the option to avail higher pension by the existing employees is still open till May 3

Employees need to weigh the pros and cons before opting for a higher pension; EPFO also needs to clarify how the higher contribution to EPS will be funded

Surprisingly, the number of new male subscribers fell more (14.9 per cent) than female (12.9 per cent) in December

There are three approaches investors may take as they decide their asset allocations

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The approved consultant will be empanelled with the EPFO headquarters in New Delhi for a tenure of three years

Order gives employees four months to join

Any EPF pensioner can get the PPO number using either the bank account number or PF number

Net payroll additions, which are calculated taking into account new additions, number of exits, and return of old subscribers, has grown only slightly from 1,652,818 in July to 1,694,211 in August.

Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female

A quarter would be retained for regular service. For this year, the upper age limit has been increased to 23

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines

Keep in mind risk appetite and investment horizon permit

One significant point investors must remember while investing in PPF is that they must put in the money at the right time to maximise the return they earn from it.

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

Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS