Page 2 - Employee Provident Fund

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

If you want higher returns, and are prepared for volatility, opt for NPS

But be ready for lock-in till the age of 60, volatility, mandatory annuitisation

Sheen diminished for VPF, but not lost: Here's how should you invest?

Only PPF and Sukanya Samriddhi offer higher returns among govt-backed schemes

Average HNI earns Rs 50-lakh interest that's tax free: Govt defends PF move

In the Budget, it was announced that Rs 2.5 lakh a year is the deposit limit for EPF on which interest earned won't attract any tax.

EPF interest rate, 10-year govt bonds spread at 16-year high of 2.5%

Bond yield drop may make it tough for EPFO to keep interest rate at 8.5%

Covid-19 selloff in March eats into EPFO equity returns in FY20

Investments accrue return of -8.3 per cent for the fiscal, down from 14.7 per cent in the previous fiscal

Retrieving Provident Fund balances from old accounts require some effort

Ensure all accounts have been merged into one before you begin withdrawal procedures

Formalisation of economy gradually picked up in May, EPF data shows

The net subscriber base of the employee provident fund, broadly taken as indicator of formalisation of the economy, stood at 318,789, three times the number in April

1.2 mn EPFO members withdrew Rs 3,360 cr of savings during lockdown: FM

The EPFO, under the Union labour and employment ministry, has settled a total of 1.2 million claims under the Pradhan Mantri Garib Kalyan Yojana package

EPFO relief for 650,000 employers: no penalty for late EPF deposits

Under existing rules, once companies file their returns, known as ECR, they must also subsequently submit the EPF payments of employees at one go. Not doing so attracts a penalty

Good time to opt for voluntary provident fund to enhance returns

Liquidity is an issue, but it scores on other parameters

Enrolments with EPFO dips to 10.34 lakh in Feb from 10.71 lakh in Jan

EPFO has been releasing the payroll data or new subscribers data since April 2018, covering a period starting from September 2017

Covid-19: Cabinet may approve proposal on EPFO contribution, withdrawals

The proposal to allow subscribers to withdraw 75% of their EPF contribution or three months wages

Subscribers wait for EPF withdrawal as Covid-19 lockdown hits operations

The Union labour ministry on March 28 amended the EPF scheme to allow members to withdraw non-refundable advances

Workers facing financial stress can withdraw 75% from EPF corpus: Know how

FM Nirmala Sitharaman on Mar 26 announced amendment in the EPFO regulation to allow employees withdraw up to 75% of their corpus as non-refundable advance, or 3 months' basic salary, whichever us less

Pension commutation under EPS implemented; move to benefit 630,000 people

With the ministry's latest decision, such pensioners would receive their full pension after completion of 15 years

EPF scam: UP power min slaps defamation notice on state Congress chief

The minister also reiterated that the decision to invest in the DHFL was taken during the previous government headed by Akhilesh Yadav of the Samajwadi Party.

Include special allowance in employees' basic wage for PF deduction: SC

The top court said this while dealing with a question on whether special allowances paid by an establishment to its employees would fall within the expression "basic wages"

How to link multiple EPF accounts with UAN? Here is a step-by-step guide

Dubbed as 'One Employee - One EPF account', the services is now available and can be availed to merge as many as 10 previous PF accounts under one UAN number

Good news: Private EPF trusts can't have interest rate lower than EPFO

The ministry of labour has said that strict action will be taken against repeated defaulters