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Epfo Interest Rate

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 wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000
Updated On : 24 Nov 2022 | 4:43 PM IST

EPFO board recommends extending proportionate pension benefits to members

Decision to extend pension scheme beyond 35 years of service taken in 232nd CBT meet on Monday; withdrawal benefits available even to those who've contributed for less than six months

EPFO board recommends extending proportionate pension benefits to members
Updated On : 31 Oct 2022 | 9:34 PM IST

How to check pension status on EPFO portal: Here's a step-by-step guide

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

How to check pension status on EPFO portal: Here's a step-by-step guide
Updated On : 27 Oct 2022 | 6:04 PM IST

Fresh formal job creation falls below 1-million mark in August: EPFO

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months

Fresh formal job creation falls below 1-million mark in August: EPFO
Updated On : 20 Oct 2022 | 10:14 PM IST

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 looks to hire law firms to provide legal opinion, associated services
Updated On : 07 Oct 2022 | 6:42 PM IST
Updated On : 04 Jun 2022 | 6:10 AM IST
Updated On : 16 Mar 2022 | 11:16 AM IST

Provident fund interest rate for FY22 lowered to four-decade low of 8.1%

EPFO has a surplus of around Rs 450 cr after paying at a rate of 8.1%. Employee representatives sought higher interest rates but the Central Board of Trustees settled for 8.1%

Provident fund interest rate for FY22 lowered to four-decade low of 8.1%
Updated On : 12 Mar 2022 | 9:31 PM IST

CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash

In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its true colours just after the party secured electoral victories in four states

CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash
Updated On : 12 Mar 2022 | 7:30 PM IST

EPFO to take call on interest rate for 2021-22 in March meeting

In March 2020, EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

EPFO to take call on interest rate for 2021-22 in March meeting
Updated On : 14 Feb 2022 | 12:44 AM IST

Top headlines: Bengaluru 'most liveable' city; 8.5% EPF interest for FY21

WhatsApp to introduce audio, video calling on desktop app, Kerala BJP pitches for making Sreedharan NDA CM candidate, and other top news of the day

Top headlines: Bengaluru 'most liveable' city; 8.5% EPF interest for FY21
Updated On : 04 Mar 2021 | 5:01 PM IST

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 stops correction in member profiles online over fraudulent withdrawals
Updated On : 17 Feb 2021 | 8:58 AM IST

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

EPFO begins crediting 8.5% interest for 2019-20; to reflect from Jan 1
Updated On : 31 Dec 2020 | 5:43 PM IST

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

EPFO likely to credit 8.5% interest for 2019-20 by December in one go
Updated On : 13 Dec 2020 | 11:41 AM IST

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'

The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'
Updated On : 09 Dec 2020 | 6:05 AM IST

EPFO decides to credit part of 8.5% interest for FY20: Report

Remaining 0.35 per cent rate of interest on EPF for 2019-20 would be credited into the subscribers account in December this year

EPFO decides to credit part of 8.5% interest for FY20: Report
Updated On : 09 Sep 2020 | 2:58 PM IST

Top headlines: Indian economy in trouble, Pompeo on India China row

Business Standard brings you the top headlines of the day

Top headlines: Indian economy in trouble, Pompeo on India China row
Updated On : 26 Jun 2020 | 6:22 PM IST

EPFO may slash interest rate over falling returns, slow cash flow: Reports

The 8.5 per cent interest rate, which was declared in March this year is yet to be approved by the Finance Ministry

EPFO may slash interest rate over falling returns, slow cash flow: Reports
Updated On : 26 Jun 2020 | 11:31 AM IST

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

Enrolments with EPFO dips to 10.34 lakh in Feb from 10.71 lakh in Jan
Updated On : 20 Apr 2020 | 7:43 PM IST

EPFO settles 137,000 withdrawal claims to ease Covid-19 lockdown woes

Withdrawal claims worth Rs 280 crore has been settled in the past 10 days

EPFO settles 137,000 withdrawal claims to ease Covid-19 lockdown woes
Updated On : 10 Apr 2020 | 10:40 PM IST