Page 5 - Epfo

EPFO adds 1.7 mn net subscribers in April, an increase of 35% YoY

Out of the total 17.08 lakh subscribers added during the month of April, around 9.23 lakh new members have come under the social security cover of EPF and MP Act, 1952, for the first time.

How to file EPFO e-nomination online via UAN; check steps and features

There is no deadline for filing e-nomination and it isn't mandatory for filing advance claims; but it speeds up online claim settlement by nominees

Increasing equity exposure

EPFO should first fix the basics

EPFO equity push: Stock returns more than 2x those of bonds, shows data

Retirement fund also invests in CPSE index, which has been a laggard among ETFs

EPFO mulls increasing equity investment limit to 25% to bridge shortfall

Earlier on Saturday, the government approved 8.1% rate of interest on EPF deposits for 2021-22, which is an over four-decade low, for about 50 million subscribers of EPFO

Govt ratifies 8.1% EPF interest rate for 2021-22, lowest in 4 decades

The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent.

EPFO e-Passbook: How to download, check balance and other details

The current EPF interest rate is 8.1%

IBC regime: NCLAT directs MCA, IBBI to amend statutory claims rule

The directive comes after observing gaps in the current IBC regime that deals with statutory claims

EPFO adds 1.41 million subscribers in February, 14% increase from last year

According to the statement, the month-on-month comparison of payroll data reflects a slight increase of 31,826 net subscriber addition in February, 2022 compared to January, 2022

Ad-hoc panel backs raising the wage ceiling under EPFO to Rs 21,000: Report

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme

CBI searches EPFO offices in Nagpur over irregularities, seizes documents

The Central Bureau of Investigation's (CBI) anti-corruption branch in Nagpur and the EPFO's vigilance team from Mumbai started the searches on Tuesday morning in the EPFO offices

TDS will not apply to EPF balance till FY21: Here's what experts suggest

If EPF account is linked to PAN, 10% TDS rate will apply, else 20%

EPF continues to beat inflation even with interest rate at four-decade low

The scheme also offers better returns than other most other investment avenues

BS Number Wise: An emerging trend in EPFO's debt investments

Every investment category but one has seen a drop in its share: it's a move that is not without some risk

EPFO interest rate reflects reality; is still better than other schemes: FM

The central board has proposed to slash the PF rate to 8.1 per cent for FY22 from 8.5 per cent in FY21 and FY20, the lowest in four decades

Today's realities dictated interest rate cut on employee PF, says FM in RS

8.1% rate better than interest rate on small saving deposits, says FM in Rajya Sabha

EPFO adds 1.53 mn subscribers in January, up by 21% from Dec 21

Retirement fund body EPFO added 15.29 lakh subscribers on a net basis in January 2022, an increase of over 21 per cent compared to 12.60 lakh in December 2021, according to the latest payroll data. "The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January 2022, as compared to the net additions during the previous month of December 2021," a labour ministry statement said on Sunday. As per the data, 12.60 lakh net new members were added in December 2021. Of the total 15.29 lakh net subscribers added in January, around 8.64 lakh new members have been registered under the social security ambit of the EPF & MP Act, 1952, according to the statement. Approximately 6.65 lakh net subscribers exited the scheme but re-joined EPFO by continuing their membership with

Explained: How is EPF interest calculated?

EPF interest rate cut to 8.1%: Guide to calculating PF and interest earned

The EPFO decides the rate of interest for the EPF scheme on a yearly basis. The rate of interest is dependent on the market conditions and is vetted by the finance ministry. Here's how to calculate it

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%