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Home > epfo
epfo
At present, the EPFO is settling Provident Fund (PF) withdrawal claims at 8.55 per cent interest rate.
PF interest not credited? Know when you will get it
19 Sep 2019 12:25 PM

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

The proposal was sent for the concurrence of the finance ministry.
Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister
17 Sep 2019 1:44 PM

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

The finance ministry does not disagree with 8.65 per cent interest on EPF for 2018-19.
8.65 pc interest on EPF to be notified soon: Gangwar
30 Aug 2019 1:11 PM

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.

EPFO is working towards a three-day settlement period for KYC (Know Your Customer) compliant beneficiaries who have UAN linked to Aadhaar.
EPFO to launch e-inspection system to simplify process
26 Aug 2019 1:09 PM

The EPFO is looking at alternative authentication vis-a-vis the employee database.

In a major decision, the (EPFO's apex decision-making body) Central Board of Trustees (CBT) in a meeting held at Hyderabad on August 21, 2019, approved proposal to recommend for amendment in EPS-95 for restoration of commuted value of pension to pensioners after 15 years of drawing commutation, which will benefit about 6.3 lakh pensioners, according to a statement by the EPFO.
EPFO approves changes in Employees' Pension Scheme to restore commutation of pension
22 Aug 2019 6:48 PM

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.

The EPFO had appointed multiple fund managers for the first time in July 2008, for earning better rate of return on deposits for its subscribers.
EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers
15 Aug 2019 4:08 PM

The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.

Government takes further action under section 14 of the EPF and MP Act, 1952 for filing of prosecution cases against the defaulting employers.
EPFO recovers Rs 459 cr PF dues out of Rs 1,251 cr outstanding in 2018-19
17 Jul 2019 4:07 PM

The total backlog or outstanding provident fund dues of the EPFO during 2018-19 was Rs 791.63 crore.

A committee had earlier recommended increase of the minimum monthly member pension.
Consultation on for increasing minimum pension: Gangwar to LS
24 Jun 2019 3:08 PM

Increase in minimum pension for employees affiliated to EPF to Rs 2000 will cost the govt Rs 4,671 cr and Rs 11696 cr if hiked to Rs 3000.

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