Provident Fund

EPFO fixes 8.15% interest rate on employees' provident fund for FY23

Fund paid 8.1% interest rate to subscribers in 2021-22, marking a four-decade low

EPFO marginally raises interest rate on PF deposits to 8.15% for FY23

Not enough to meet rising inflation, say some quarters; EPFO likely to distribute Rs 90,000 cr to members' accounts, on a total principal amount of Rs 11 trn

EPFO raises interest rate to 8.15% for FY23 from 8.1% last year: Report

Earlier, in March 2022, EPFO had lowered the interest on EPF to over a four-decade low of 8.1% from 8.5% in 2020-21

EPFO's new guidelines: How can employees opt for higher pension under EPS?

The employer and the employees will have to jointly request the EPFO to deduct 8.33% from a higher basic salary and will be able to accumulate more money towards pension

PFRDA expects AUM of Rs 9 trillion by end of FY23, shows data

Amongst the newer assets, PFRDA has invested around Rs 1,100 crore in REITs and InvITs, accumulating better returns than all other categories

European cargo airline moves NCLT to acquire 3 Jet Airways aircraft

Fresh challenge for reviving Jet as union opposes sale of assets until employees get provident fund and gratuity

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

EPFO aims to invest more in equity for younger members, expand horizon

At present, EPFO is allowed to invest between 5-15 per cent of its investible deposits in equity instruments irrespective of the age or risk profile of its members

How to check pension status on EPFO portal: Here's a step-by-step guide

Any EPF pensioner can get the PPO number using either the bank account number or PF number

Top AMCs see share of less-profitable passive schemes double in 3 years

Of every Rs 100 AUM of top 10 fund houses, ETFs and index funds accounted for Rs 14 in the first quarter of FY23

EPFO likely to set up offices in Latin America, Africa soon: Report

With the new offices in other continents, the organisation is aiming to help the smaller countries in the region to develop their own social security

Bad loan recovery process can get worse

Apart from creating a distinction between financial creditors and operational creditors, the latest Supreme Court judgment also leads to the creation of a new category of default - temporary default

How has EPFO's equity investment experience been?

From investing in traditional instruments, the Employees' Provident Fund Organisation (EPFO) has been exploring the virtues of markets for a while now. Is the statutory body's move bearing fruits now?

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

Returns on small savings remain attractive despite no rate reviews

Investors who want to avoid their long lock-in can choose from a host of other high credit quality options

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

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

The current EPF interest rate is 8.1%

How changes in EPF rules may affect you?

Parking money into the govt's retirement fund has become less attractive. After effecting interest rate cut, the EPFO is now levying TDS on interest earned on contributions above Rs 2.5 lakh

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%