EPFO panel approves raising insurance cover to Rs 5.5 lakh

Last Updated: Wednesday, September 9, 2015, 19:22

Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.

EPFO may allow pledging PF contributions to buy low-cost house

Last Updated: Tuesday, September 8, 2015, 16:22

EPFO's trustees will consider a proposal to allow its subscribers to pledge their future PF contribution to buy low cost houses, in a meeting scheduled on September 16.

EPFO likely to raise maximum insurance cover to Rs 5.5 lakh

Last Updated: Sunday, September 6, 2015, 11:12

After getting the committee's nod, it will then be placed before the EPFO's apex decision making body the Central Board of Trustees' (CBT) headed by the Labour Minister.

Centre releases Rs 2,000 cr for Employees' Pension Scheme

Last Updated: Monday, August 31, 2015, 19:11

Centre has released Rs 2,000 crore to Employees' Pension Scheme as its contribution for the year 2015-16, Minister of State for Labour and Employment Bandaru Dattatreya said Monday.

EPFO's equity investment depends on performance: Minister

Last Updated: Sunday, August 23, 2015, 19:30

Retirement fund body EPFO would invest more funds in equity markets only if the performance of its investments in stocks is encouraging, Union Minister Bandaru Dattatreya said Sunday.

EPFO allows small firms to pay dues by cheques and drafts

Last Updated: Wednesday, August 19, 2015, 23:47

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 December this year.

EPFO may fix interest rate on PF deposits for FY16 early Sept

Last Updated: Wednesday, August 19, 2015, 22:51

Retirement fund body EPFO is likely to take a decision early next month on interest rate on PF deposits of its over six crore subscribers for 2015-16.

EPFO reviews online PF withdrawal plan after SC ruling

Last Updated: Tuesday, August 18, 2015, 14:18

Retirement fund body EPFO has decided to re-examine its plan to launch online PF withdrawal facility for its subscribers having Aadhaar enabled PF and bank accounts, in the backdrop of apex court ruling.

No more revenue stamp on PF withdrawal claims

Last Updated: Friday, August 14, 2015, 17:14

Retirement fund body EPFO has done away with the mandatory requirement of affixing one rupee revenue stamp on PF withdrawal claim forms.

PF settlement timeline revised from 30 to 20 days

Last Updated: Tuesday, August 11, 2015, 17:59

The timeline for settlement of Provident Fund, pension and insurance claims have revised from 30 days to 20 days. As a result, the claimants would now get speedier service in July.

EPFO money in equities is long-term investment: Dattatreya

Last Updated: Saturday, August 8, 2015, 22:03

The state-run pension fund's Central Board of Trustees (CBT) would be asked to speed up the investment process, Union Minister of State for Labour Bandaru Dattatreya said here.