Page 17 - Epfo

EPFO ties up with Hudco to enable Rs 2.67 lakh housing subsidy to members

Retirement fund body EPFO today joined hands with Housing and Urban Development Corp (HUDCO) to enable its members avail credit-linked subsidy of up to Rs 2.67 lakh for buying affordable homes under PMAY. The Memorandum of Understanding was inked today by Employees' Provident Fund Organisation's Central Provident Fund Commissioner V P Joy and HUDCO CMD M Ravi Kanth. The pact was inked in the presence of Urban Development, Housing & Urban Poverty Alleviation Minister M Venkaiah Naidu and Labour Minister Bandaru Dattatreya for facilitating "Housing for All by 2022". The MoU will club the benefits of the Housing Scheme introduced by the EPFO for its subscribers and the Pradhan Mantri Awas Yojana (PMAY). Under the housing scheme, the Employees Provident Fund Organisation (EPFO) allows its subscribers from societies for withdrawing up to 90 per cent of their EPF accumulations to buy homes. The labour ministry intends to facilitate at least 10 lakh subscribers in the next two ...

EPFO may reduce PF contributions to 10%

Presently, employees and employers contribute 12% of basic wages each towards EPF scheme

EPFO advisory body to vet proposal on raising ETF investment on Thursday

Central Board of Trustees to take a final decision on the matter on Friday

Who owns Rs 9-lakh-cr EPFO corpus?

Even latest guidelines allowing usage for EPFO money to buy property is riddled with complications

EPFO reduces claim settlement period to 10 days

Stakeholders can also track individual cases online

EPFO's investment limit in ETFs may be raised to 15% on May 27

The higher limit would help EPFO park around Rs 15,000 cr in stock markets in 2017-18

Now, EPFO to make all payments to members electronically

For this, govt has ammended social security schemes of EPFO

Housing to seeding Aadhaar: Check out EPFO's customer-friendly initiatives

Seed Aadhaar account and bank details with EPFO and you can make all applications online

EPFO to provide 1 million homes to boost to Modi's home-for-all vision

Labour Minister Bandaru Dattatreya urges state govts to provide land for this cause, wherever needed

Now, you can withdraw EPF money for treatment without doctor certificate

Physically challenged members can seek advance for purchasing equipment

Govt okays lowering of PF rate to 8.65% for 2016-2017

According to EPFO estimates, the fund will see a surplus after providing 8.65 percent rate

EPFO's proposed exit policy may increase interest on your retirement saving

Finance Ministry is said to have approved the 8.65% interest rate on EPF

Finance Ministry okays 8.65% interest on EPF for 2016-17

The government generally ratifies the rate of return approved by the CBT

PF rate lowered to 8.65%, loyalty benefits added and bonus on retirement

EPF interest rate for FY17 to be lower than that provided for FY16

EPFO to provide 8.65% interest on EPF for FY17

Last year, FinMin decided to lower EPF interest rate of 8.8% for 2015-16 decided by the CBT to 8.7%

EPFO subscribers to get loyalty-cum-life benefit of up to Rs 50,000

CBT has recommended a minimum sum assured of Rs 2.5 lakh in the event of death of a subscriber.

EPFO extends deadline for submitting Aadhaar to April 30

It also extended deadline for submitting digital life certificates for its over 50 lakh pensioners

Coming soon: Settle PF claims on your phone through mobile app UMANG

EPFO receives close to 1 crore applications manually for various settlements

EPFO to loop in 1 crore workers through higher wage ceiling of Rs 25,000

Hike in the wage ceiling would mean an additional burden of about Rs 2,700 for the Centre

EPFO defers decision to hike investments in ETFs from 10% to 15%

However, CBT agrees to cover 62 lakh volunteers under the EPFO's social security scheme