Govt set to cap premature PF withdrawals at 75%

Last Updated: Friday, July 24, 2015, 19:21

The Labour Ministry is all set to cap premature provident fund withdrawal at 75 percent of total deposits in case an EPFO subscriber goes without a job for two months.

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 reduces claims settlement period by EPFO to 20 days

Last Updated: Wednesday, July 15, 2015, 20:02

EPFO has settled 11.06 lakh claims in June, 38 percent of these were settled within 3 days and 76 percent within 10 days.

MF houses expect EPFO entry to boost equity ETF space

Last Updated: Sunday, July 12, 2015, 15:53

Mutual fund houses are bullish about the phased entry of the EPFO into exchange traded equity funds from this month, as they believe it will boost investors sentiment.

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.

EPFO makes UAN mandatory for all employers under its purview

Last Updated: Monday, June 22, 2015, 16:25

Retirement fund body EPFO today notified an order to make Universal Account Number (UAN) mandatory for all employers covered under the Employees Provident Funds and Miscellaneous Provisions Act 1952.

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.

EPFO settles 10.53 lakh PF claims in May

Last Updated: Friday, June 5, 2015, 22:10

Retirement fund body EPFO settled 10.53 lakh claims like PF withdrawals in May, of which 86 percent were disposed of within 10 days of receipt of application.

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.