Employees' Provident Fund Organisation

Over 91,000 retired employees apply for higher pension option: EPFO

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

EPFO data shows first-time job seekers joining organised sector

The EPFO has added 16.26 lakh net members in the month of November 2022. The data indicates an increase of 25.67 per cent net additions compared to the previous month in October 2022

EPFO adds 1.6 mn net subscribers in November 2022: Labour Ministry

Retirement fund body EPFO added 16.26 lakh subscribers on a net basis in November 2022, which is 16.5 per cent higher compared to a year ago, the labour ministry said on Friday. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Friday by the ministry highlighted that the EPFO has added 16.26 lakh net members in the month of November 2022. The data indicate a 25.67 per cent increase in net additions compared to the previous month in October 2022, a labour ministry statement said. Of the total 16.26 lakh members added during the month, around 8.99 lakh new members came under the ambit of EPFO for the first time thus, showing that new members joining EPFO has increased by 1.71 lakh, from 7.28 lakh in October 2022. Among the new members, the highest enrolment is registered in the age-group of 18-21 years with 2.77 lakh members, followed by age-group of 22-25 years with 2.32 lakh members. The age group of 18-25 years constitutes 56.60 per cent of

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

Drop in share of advisory assets in PMS funds during past 12 months

Overall PMS assets have been on the rise amid buoyant markets

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

EPFO aims to invest more in equity for younger members, expand horizon

At present, EPFO is allowed to invest between 5-15 per cent of its investible deposits in equity instruments irrespective of the age or risk profile of its members

EPFO looks to hire law firms to provide legal opinion, associated services

The approved law firms will be empanelled with the EPFO headquarters in New Delhi for an initial period of one year, which can be extended to three years

EPFO sees over 1 million new subscribers for fourth straight month

Though fresh additions slip sequentially in July, women enrolment at a record high

EPFO calls for increasing retirement age to ease pressure on pension funds

The EPFO has almost 60 million subscribers and it has a cumulative pension and provident fund corpus of more than Rs 12 trillion

EPFO e-Passbook: How to download, check balance and other details

The current EPF interest rate is 8.1%

Priority beyond returns

The EPFO should increase transparency

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

Parliament passes 3 key labour reform bills amid boycott by oppn parties

Stormy Monsoon Session of Parliament comes to an end, eight days earlier

EPFO's West Delhi office processes 100% Covid claims worth Rs 140 cr

To support employers for availing benefits under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), a special WhatsApp service has been provided for immediate education and assistance

States cannot increase working hours beyond 8: Govt to parliament panel

About nine states proposed to increase the working hours from eight to twelve by diluting the labour laws, but later rolled back the decision after facing flak from various stakeholders

Covid-19 impact: Companies facing cash crunch can delay EPF contribution

The EPFO said that companies are facing liquidity or cash crunch in paying their mandatory provident fund dues "even though they are retaining the employees on their rolls"

Progress of direct benefit transfer under PM Garib Kalyan Package

The government has so far transferred Rs 31,235 crore directly to either the bank account or employees' provident fund of 331.4 million people from the vulnerable sections of society

Covid-19: Govt tells companies to protect wages, not terminate workers

Companies may look to terminate the contract of workers 'on the pretext' of the Covid-19 or may force their employees to go on leave without pay

Cut in the offing? EPFO may cut interest rate to 8.5% for FY20, says report

EPFO was offering subscribers an interest of 8.65% in 2018-19