EPFO likely to retain 8.5% interest on PF deposits for 2013-14

Last Updated: Sunday, December 29, 2013, 13:38

The EPFO, which is estimated to have an income of Rs 20,796.96 crore in the current fiscal, needs Rs 20,740 crore to pay 8.5 percent interest to its subscribers.

EPFO to decide interest on PF deposits for 2013-14 on Jan 14

Last Updated: Saturday, December 21, 2013, 20:04

Retirement fund body EPFO will announce the interest rate on PF deposits for the current financial year on January 14 and may offer its over 5 crore subscribers a little more than 8.5 percent provided in 2012-13.

EPFO may soon announce interest on PF deposits for 2013-14

Last Updated: Monday, December 16, 2013, 18:04

The EPFO had provided 8.5 percent interest rate for 2012-13, up from 8.25 percent in 2011-12.

EPFO to pay at least 8.5% interest on PF deposits this fiscal

Last Updated: Sunday, November 17, 2013, 11:48

Retirement fund body EPFO will pay at least 8.5 percent rate of return on PF deposits for 2013-14 to its over 5 crore subscribers as provided in the previous fiscal and the decision in this regard could be taken as early as next month.

EPFO settles 28% more claims in October month on month

Last Updated: Thursday, November 7, 2013, 14:18

Retirement fund body settled 10.21 lakh claims including transfer and withdrawal of Provident Fund in October, which is 28 percent more than such settlements in September this year.

EPFO bags Financial Inclusion & Payment Systems Award 2013

Last Updated: Friday, October 25, 2013, 19:53

Retirement fund body EPFO which has subscribers' base of over five crore, has bagged the Financial Inclusion & Payment Systems (FIPS) Award 2013 for its work in online payments of PF and pension.

EPFO to launch special drive to clear pending grievances

Last Updated: Tuesday, October 22, 2013, 19:31

Retirement fund body EPFO has directed its field offices to launch a special drive for the disposal of all subscribers grievances, particularly those pending for more than 30 days.

EPFO asks field staff to file IT exemption proposals by Nov 15

Last Updated: Monday, August 19, 2013, 21:59

Retirement fund body EPFO has directed its field staff to submit all proposals for grant of regular income tax exemption to private PF trusts by November 15 this year.

EPFO plans to ease norms to invest corpus in pvt sector bonds

Last Updated: Tuesday, February 5, 2013, 20:39

According to the agenda listed for the meeting of EPFO's advisory body, Finance and Investment Committee (FIC), it has proposed to reduce the maximum tenure of investment in non- banking private sector companies from 15 years to 10 years.

Aadhaar mandatory for new EPFO subscribers from March 1

Last Updated: Wednesday, January 23, 2013, 23:49

New members joining the EPFO's retirement fund scheme will have to mandatorily furnish Aadhaar number as KYC (Know Your Customer) credential for enrolment from March 1, 2013.

CBT allows EPFO to park funds in CoDs, long duration bank FDs

Last Updated: Tuesday, August 7, 2012, 19:28

EPFO's apex decision making body the Central Board of Trustees (CBT) on Tuesday gave green signal to retirement fund body to park its funds in fixed deposits upto five years, short term securities and certificate of deposits of public sector banks.

EPFO defers decision on min monthly pension of Rs 1,000

Last Updated: Friday, May 25, 2012, 19:55

Retirement fund manager EPFO on Friday deferred its decision on the proposal for fixing the minimum monthly pension for its 50 million subscribers at Rs 1,000 because of differences among trustees over sharing of additional financial burden.