Page 18 - Epfo

EPFO to consider investments of up to 15 per cent in ETFs

In 2015, finance ministry had allowed PPFs to invest 5-15% of its investible deposits in equity

Low EPFO administrative charges to boost compliance

The new rate of administrative charge would be applicable from April 1, 2017

EPFO cuts admin charges to 0.65%; 6 lakh firms to save Rs 1,000 cr a year

Currently, administrative charges are 0.85% of total wages

EPFO may invest up to 15% of investable amount in equity markets

The EPFO had started investing in ETFs in August 2015

You can soon withdraw 90% of PF to make down payment for your house

EPFO subscribers would have to form a co-operative society with at least 10 members for the facility

Single form soon for firms to enrol with EPFO, ESIC

The schemes run by EPFO and ESIC provide mandatory cover to formal sector workers in the country

EPFO allows withdrawals from pension account without Aadhaar card

Members with less than 10 years of service can submit final settlement claim through Form 10C

EPFO to launch housing scheme for over 4 cr members in March

A source said that in case of any dispute, the EPFO would not a party to the legal battle

Withdrawals made easier: EPFO introduces one single claim form

New single page composite claim form (Non-Aadhar), can be submitted with attestation of employers

EPFO introduces common form for different types of withdrawal

New single page composite claim form (Non-Aadhar), can be submitted with attestation of employers

Government may allow state pension fund EPFO to buy more stocks

The issue would be taken up in the next meeting of the CBT of the fund, said Dattatreya

EPFO pensioners can give digital life certificate till Feb 28

It has done to help them get their pension account linked with Aadhaar

EPFO makes Aadhaar mandatory for its pensioners, members

EPFO has made it mandatory for about 5 mn pensioners and 40 mn subscribers to provide proof

Pension pinch

Central Board of Trustees, fixed 8.65% as the interest on EPF deposits for FY17

40 million subscribers will now get a 4-year low interest rate of 8.65% on PF deposits

Central Board of Trustees took this decision in light of low surplus; fulfil aim of lowering interest rates on other saving schemes

EPFO invests Rs 10,484 cr in exchange traded funds till November

EPFO had started investing five per cent of its incremental inflows in ETFs based on Nifty 50 and Sensex indices in August last year

EPFO will remain best savings route for the risk averse

Even if the government were to lower the rate, the next best debt option is a good 100-150 basis points lower

EPFO might retain 8.8% interest rate for subscribers on Monday

Besides, the EPFO will also consider a proposal to reduce the administrative charges to 0.65% of total wage on which contributions are payable from 0.85% at present

EPFO likely to hike monthly wage ceiling to Rs 25k on Dec 19

Move can bring in 5 million more formal sector workers into the social security net of the EPFO

EPFO pensioners can submit life certificate till January 15

Providing breather to its around 50 lakh pensioners amid difficulties being faced by banks due to demonetisation