EPFO set for major overhaul in new year

Last Updated: Monday, December 22, 2014, 12:39

EPFO could not do much about expanding its investment options to maximise the returns for providing higher interest rate to its subscribers during 2014, and fresh attempts can be made in the new year in this regard.

Aadhaar details not mandatory for PF transactions: Govt

Last Updated: Monday, December 8, 2014, 19:35

Submission of Aadhaar card details by subscribers is not mandatory for any provident fund transaction, Parliament was informed Monday.

EPFO launches online PF transfer facility for PF trusts

Last Updated: Friday, December 5, 2014, 18:58

Provident fund accounts with privately held PF trusts can now be transferred online to accounts maintained by the retirement fund body EPFO.

EPFO settles 10 lakh PF claims in November

Last Updated: Thursday, December 4, 2014, 18:50

Retirement fund body EPFO has settled 10 lakh claims, including withdrawal and transfer of provident fund, in the month of November.

EPFO to consider raising retirement age to 60yrs in Feb 5 meet

Last Updated: Sunday, February 2, 2014, 14:26

Besides, the CBT in this meeting will also deliberate on a proposal to withdraw two years bonus under the pension scheme provided to subscribers after rendering 20 years of pensionable service.

Permanent PF account number to be a reality in 2014-15

Last Updated: Friday, January 17, 2014, 17:34

Portable permanent PF account number, which will enable over five crore EPFO members to get rid of the process of transferring their accounts on changing jobs, will be a reality in 2014-15.

EPFO approves raising Provident Fund interest rate to 8.75%

Last Updated: Monday, January 13, 2014, 13:34

"We have decided to recommend to the government 8.75 percent rate of interest for 2013-14 to its subscribers," Labour Minister Oscar Fernandes told reporters after a meeting of the EPFO trustees here.

EPFO to give 8.75% interest on PF deposits for FY14

Last Updated: Monday, January 13, 2014, 12:00

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 the subscribers.

EPFO likely to announce 8.5% interest Monday on PF deposits

Last Updated: Sunday, January 12, 2014, 16:00

According to the agenda for the trustees' meet, 8.5 percent interest will leave a small surplus of Rs 56.96 crore.

Unions to press for 9.5% interest on PF deposits for FY'14

Last Updated: Tuesday, January 7, 2014, 18:37

The Employees' Provident Fund Organisation's apex decision making body the Central Board of Trustees (CBT) will meet on Monday to discuss and approve the proposal regarding rate of return to be provided on PF deposits in 2013-14.

SBI to issue receipts for payments of PF dues: EPFO

Last Updated: Tuesday, December 31, 2013, 19:55

Resolving a major issue between SBI and the firms filing PF returns, EPFO has said the bank will now issue receipts for cheques or drafts deposited by them, avoiding uncalled for penalties for late clearances.

EPFO for hiking minimum admin charges paid by employers

Last Updated: Monday, December 30, 2013, 18:13

Retirement fund body EPFO has proposed to increase the minimum administrative charges for managing EPF and EDLI schemes to Rs 500 and Rs 200 per month from existing rate of Rs 5 and Rs 2, respectively.