Modification in withdrawal process in EPF : Rajya Sabha Q&A GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA QUESTION NO 116 ANSWERED ON 18.07.2018 Modification in withdrawal process in EPF 116 Smt. Sarojini Hembram Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:- (a)whether Government has made any modification in the […]
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EPF
CITU condems PPP mode in the administration of EPF and ESI schemes
CITU condems PPP mode in the administration of EPF and ESI schemes The Centre of Indian Trade Unions (CITU) expresses serious concern at the plans of the government, reported in the media, to usher in public private partnership mode in the administration of EPF and ESI schemes. The issue of running EPF in PPP mode […]
EMPLOYEES’ DEPOSIT LINKED INSURANCE (AMENDMENT) SCHEME, 2018 : Gazette Notification
EMPLOYEES’ DEPOSIT LINKED INSURANCE (AMENDMENT) SCHEME, 2018 : Gazette Notification MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 15th February, 2018 G.S.R. 170(E).—In exercise of the powers conferred by section 6C read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government […]
EPF May Soon Allow Partial Withdrawals
EPF May Soon Allow Partial Withdrawals In a move that could help 5 crore subscribers, Employees’ Provident Fund Organisation (EPFO) may come up with new guidelines on partial withdrawal. The EPFO has been planning to give an option to withdraw funds to meet daily expenses of subscribers who are not in a job for continuous […]
EPF interest rate reduced to a five-year low of 8.55%
EPF interest rate reduced to a five-year low of 8.55% Employees Provident Fund Organisation (EPFO) has reduced the interest rate to 8.55% for 2017-18 as against 8.65% for 2016-17 and 8.8% in 2015-16 The Employees’ Provident Fund Organisation (EPFO), India’s retirement fund manager, has cut the interest rate it pays to more than 50 million […]
Can you increase your pension under EPF?
Can you increase your pension under EPF? Retirees who were contributing 12% of actual salary to EPFO may be eligible to increase pension by retrospectively reclassifying their monthly contributions A Supreme Court judgement that was passed last year allows employees under the Employees’ Provident Fund (EPF) to contribute a higher amount to the Employees’ Pension […]
Aadhaar linking and interoperability of GPF, PPF and EFF accounts.
Aadhaar linking and interoperability of GPF, PPF and EFF accounts. No. D-11011/36/2016- DBT (Cab.) Govt. of India Cabinet Secretariat DBT Mission Subject: Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees’ Provident Fund (EFF) accounts regarding. A meeting was held under the chairmanship of Joint Secretary, DBT Mission, Cabinet […]
Inoperative EPF Accounts
Inoperative EPF Accounts The Government vide notification no. G.S.R. 1065 (E) dated 11.11.2016 has amended paragraph 72(6) of the Employees’ Provident Funds (EPF) Scheme, 1952 wherein changes have been made in the conditions leading to a Provident Fund (PF) account becoming an Inoperative Account. As per amended definition of Inoperative Account (w.e.f. 11.11.2016), an account […]
Government to Amend EPF Scheme
Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House. The Government has taken a decision for modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to add a new paragraph 68 BD under which a member of Employees’ Provident Fund (EPF), being a member […]
Last date of submission of Digital Life Certificate
Last date of submission of Digital Life Certificate through Jeevan Pramaan Patra extended upto 31st March 2017 EPF & MP Act, 1952 made applicable to all staff employed in ECHS on contractual basis A single page composite claim form in death cases replaces Form 20, form 5-IF and Form 10-D Noticing that many pensioners are […]