Page 19 - Epfo

EPFO invests Rs 9,723 crore in ETF till Oct 31: Government

Dattatreya says that the dividend yield becomes part of the net asset value of exchange traded funds

EPFO asks field staff to settle death claims within seven days

Last month, PM Modi had desired that claims related to death cases be prioritized and expedited, retirement claims settled on the day of retirement

EPFO asks field staff to settle death claim in 7 days

EPFO said that the Prime Minister desired claims related to death cases be prioritised and expedited and retirement claims may be settled on the day of retirement

Now, idle EPF accounts to earn 8.8% interest; over 97 million people to benefit

According to officials around Rs 42,000 crore is lying in "inoperative accounts" across the country

'EPFO settling death claims in 7 days will reduce relatives' ordeal'

All field offices have been directed by Central PF Commissioner to make special arrangements to meet this deadline

EPFO to now settle death claims in 7 days

The Central Provident Fund Commissioner (CPFC) informed the minister that on Prime Ministers' directions, EPFO has issued detailed guidelines on retirement and death cases

Workers can soon choose insurance plans other than ESI

Unions have opposed this proposal saying that there are a few products available in the market which are comparable with EPFO

EPFO services soon at 2 lakh common service centres of IT Dept

EPFO has decided to extend services like Aadhaar seeding with Universal, UAN, digital life certificate of pensioners, e-KYC operated upload and update facility

Pledging PF to buy low-cost homes to be reality next year

Under the scheme, the EPFO will act as a facilitator for its subscribers, so that they can buy affordable homes for themselves during their service period

EPF exposure to equities doubled

Investment to be raised to Rs 13,000 cr without CBT nod

EPFO to invest Rs 13,000 cr in ETFs in FY'17: Labour Minister Dattatreya

It has raised the limit of investments in FY17 to 10 per cent of investible income from 5 per cent in FY16

Employee provident fund may get 8.6% interest in 2016-17

Finance Ministry has been nudging Labour Ministry to keep interest rate on EPF in line with other small savings schemes administered by it

EPFO to rank pvt PF trusts on performance

Exempted establishments can create their own provident fund trust and administer it based on specified rules after obtaining clearances from the statutory authorities

Govt considering EPFO's voluntary pension scheme proposal

Central Provident Fund Commissioner said that the voluntary scheme was besides the mandatory pension scheme being run by the EPFO

Govt to meet trade unions on exposure of EPFO to markets

The govt is firm on raising the proportion of investment from provident fund corpus in equity markets

EPFO to raise investments in ETFs above 5%: Minister

SBI Mutual Fund and UTI MF will manage the corpus in ETFs

EPFO asks field offices to receive PF dues through e-mode only

There is no provision of making payment of PF contribution through physical mode after June 30, 2016 as per the scheme, EPFO official said

EPFO avoids private route for ETF corpus management

As of now, only SBI Mutual Fund and UTI Mutual Fund eligible bodies to manage the corpus

Pledging PF to buy home may soon become reality

Retirement fund body EPFO may soon introduce a scheme to allow its over 4 crore subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments. "We are working on a housing scheme for members of the Employees' Provident Fund Organisation (EPFO). Under it, members will be allowed to pledge their PF accumulations to buy homes," Labour Secretary Shankar Aggarwal told PTI. He added that the proposal will be placed before the EPFO's Central Board of Trustees meeting expected next month. Once approved by the CBT, the scheme will be available for the subscribers. Finer points of the scheme, as to what extent subscribers will be eligible to avail loans and what will qualify as a low cost house, are yet to be worked out. Aggarwal further said: "We don't want to impose anything on the subscribers. Therefore, we will not buy land or build houses for them. They will be free to choose their own homes from the open market." The panel ..

Unions against diverting unclaimed EPFO deposits, boycott meet

Unions boycotted meeting over alleged attempts at diversion of provident fund money by the government to the Senior Citizen's Welfare Fund