Page 16 - Epfo

FinMin raises questions on interest rate of 8.55% proposed by EPFO

Asks why the retirement fund body has not kept a higher surplus

Over 80 mm EPFO accounts have no birth date, 110 mn missing father's name

Similarly, there are 110,731,613 accounts where details of father's name is not in record

EPFO makes online claims mandatory for PF withdrawals above Rs 1 mn

Under the pension scheme, there is a provision of part withdrawal of pension, commonly known as commutation of pension money

EPFO's investment in corporate debt to reduce to 20%

In 2017-18, the EPFO is estimated to receive Rs 1.28 trillion as contribution from employees

Workers demand Rs 15,000 minimum monthly pension under EPS-95 run by EPFO

It also demanded that on the demise of a formal sector employee, full pension should be given to the widow

PF body proposes decreasing administrative charges for employers

The EPFO has proposed to decrease the administrative charges to 0.50 per cent from 0.65 per cent of the worker's monthly income that goes as employer's share

EPFO goes paperless: Firms can pay dues, update ownership details online

EPFO added it has discontinued the physical submission of the form

EPFO mulls using NPCI platform to transfer beneficiary payment on same day

Aadhaar enabled transfer of funds and transaction cost by way of bank charges will also come down

EPFO subscribers will get benefit of equity investments from FY19

EPFO has invested Rs 32,500 crore in equities

EPFO relaxes norms for pensioners to file life certificates

EPFO says it will help pensioners in submitting the Jeevan Pramaan certificate with ease

EPFO asks staff to pull up socks as subscribers base erodes

31 offices have reported subscribers base erosion by over 10% in September

Now, EPFO members can link Aadhaar online with UAN

Retirement fund manager EPFO has launched an online facility for its subscribers to link their 12-digit unique Aadhaar number with their Universal (portable PF) Account Number (UAN) on eve of Diwali. Meeting the know your customers (KYC) norms by the Employees' Provident Fund Organisation (EPFO) subscribers help them access a host of online services. "On the eve of Deepawali, the EPFO is pleased to introduce a new facility for its esteemed members having UAN and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services," the EPFO said in statement. The facility has been made available at EPFO's website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR. Using the facility, it said, the EPFO members can online link their respective UAN with Aadhaar. While using the facility, the member will have to provide his/her UAN. An OTP will be se

EPFO to take a call on EPF interest rate for FY18 next month

The Finance Ministry has been asking the Labour Ministry to rationalise the EPF interest rate

EPFO cracks whip on 700 private PF trusts for not filing returns online

More than 700 exempted establishments (private PF trusts) did not file online returns: EPFO

EPFO may pump in Rs 25,000-30,000 cr in equities during FY18

Rs 57 billion already invested this year so far, says a report

EPFO to invest Rs 3,000 cr in AA+ rated corporate bonds in FY17

EPFO to trim investments in AAA bonds

EPFO's new enrolment scheme works, 10 million members added in three months

Employers can file declarations for unregistered employees with a nominal fine of Rs 1 per annum.

EPFO to announce interest rate on PF deposit for FY18 next month

EPFO had lowered rate of return to 8.65% for 2016-17, from 8.8% in 2015-16

EPFO to consider investing Rs 3,000 cr in AA+ rated corporate bonds

FAIC in its meeting decided to invest 2% of investible deposits in the AA+ rated corporate bonds

EPFO to take over 500 small private PF trusts, each with Rs 1 crore funds

The Labour Ministry is in the process of amending Employees' Provident Fund Scheme 1952