EPFO to launch online PF withdrawal facility in 3 months

Last Updated: Wednesday, July 22, 2015, 20:28

Retirement fund body EPFO is likely to launch the online PF withdrawals facility in next three months for the benefit of its over six crore subscribers.

Mutual funds bullish on EPFO move to invest in equity funds

Last Updated: Friday, July 17, 2015, 22:50

The government's decision to allow Employees' Provident Fund Organisation (EPFO) invest 5 percent of its Rs 1 trillion investible fund in exchange traded equity funds has made mutual fund houses bullish about launching retirement equity funds, industry officials said.

Govt may cap premature PF withdrawals at 75%

Last Updated: Tuesday, July 7, 2015, 00:57

The government is looking to cap premature provident fund withdrawals at 75 percent for EPFO subscribers at any given time till the age of 58.

EPFO allows small firms to pay dues by cheques and drafts

Last Updated: Wednesday, June 24, 2015, 22:12

Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.

Company siphones off over 33 lakh from employees' PF

Last Updated: Saturday, June 20, 2015, 23:53

In July 2013, the company, which owed Rs 120 crore to a bank was sealed by bankers. The chairman's son had then attempted to break the seal and a case was registered against him and 100 workers.

EPFO reaches out with 'Nidhi Aapke Nikat'

Last Updated: Monday, June 8, 2015, 19:06

The Employees Provident Fund Organisation (EPFO) has rechristened Bhavishya Nidhi Adalat as 'Nidhi Aapke Nikat', in a bid to expand its reach and attract more participation.

EPFO taps LIC to understand stock market investments

Last Updated: Sunday, June 7, 2015, 11:24

Ready to begin investing in stock markets with an exchange-traded basket of PSU stocks, Rs 6.5 lakh crore retirement fund manager EPFO has tapped state-run LIC to understand the contours of the equity investments.

Rs 27,000 cr lying unclaimed in EPF: Labour Minister

Last Updated: Saturday, May 30, 2015, 21:49

An amount of Rs 27,000 crore is lying as unclaimed in the Employee Provident Fund, Union minister of state for Labour, Bandaru Dattatreya said here on Saturday.

Local industrialists get lesson on export incentives, PF rules

Last Updated: Sunday, May 24, 2015, 15:20

The event was organised by 'IamSME of India', an industry body having presence in North India.

EPFO to deduct TDS on PF withdrawals in some cases from June

Last Updated: Thursday, May 21, 2015, 23:38

Retirement fund body EPFO will deduct tax at source from next month on PF withdrawals where accumulations are over Rs 30,000 and the employee has worked less than five years.

PF contribution likely to be on 'Contributory Wages'

Last Updated: Wednesday, May 20, 2015, 23:20

In a breather to employers, the Labour Ministry has proposed that contribution by companies towards their workers' EPF schemes would be a portion of "Contributory Wages" which will not include house rent and travel allowances.

EPFO to invest in equity and related instruments

Last Updated: Wednesday, May 6, 2015, 20:36

Government has notified a new investment pattern for Employees' Provident Fund Organisation (EPFO) providing for investment in equity and related instruments, which would entail an investment of Rs 5,000 crore in the equity market annually.