EPFO nod likely soon for minimum Rs 2,000 EPS pension The Employees’ Provident Fund Organisation (EPFO) is expected to soon give its go-ahead to the proposal of doubling monthly pension for EPS subscribers to Rs 2,000. This would benefit at least 40 lakh subscribers and cost the Centre a minimum Rs 3,000 crore per annum. […]
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EPFO
Employees’ Provident Fund Organisation changes grievance redressal programme in Tamil Nadu
Employees’ Provident Fund Organisation changes grievance redressal programme in Tamil Nadu The Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. of India) has transformed its grievance redressal programme, Bhavishya Nidhi Adalat, into a broad-based and participatory programme called ‘Nidhi Aapke Nikat’ or ‘PF Near You’ for wider consultation amongst all stake-holders along with […]
Govt notifies 8.55 per cent on PF for 2017-18, lowest in five years
Govt notifies 8.55 per cent on PF for 2017-18, lowest in five years The Employees’ Provident Fund Organisation (EPFO) has directed its field offices to credit 8.55 per cent rate of interest for 2017-18, the lowest rate in five years, for around 5 crore of its subscribers. The Labour and Employment Ministry has conveyed approval of […]
EPFO: Govt likely to notify 5-year low 8.55% interest on provident fund for FY18 this week
EPFO: Govt likely to notify 5-year low 8.55% interest on provident fund for FY18 this week The Labour Ministry is likely to notify this week the 5-year low 8.55 percent interest on PF for 2017-18, paving the way for retirement fund body EPFO to credit returns into the accounts of around 5 crore subscribers. The […]
EPFO says no data leakage from their data centre
EPFO says no data leakage from their data centre EPFO has taken advance action by closing the server and host service through Common Service Centres pending vulnerability checks as part of the data security and protection. EPFO has been taking all necessary precautions and measures to ensure that no data leakage takes place. With regard […]
1.1 lakh new job created between Sep 17-Feb 18, says Niti Aayog
1.1 lakh new job created between Sep 17-Feb 18, says Niti Aayog The government think tank said this was based on the additions made in payrolls from Employees’ Provision Fund Organisation for all age-groups. Niti Ayog said the monthly payroll data was released by Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC) Niti […]
New Initiatives by EPFO to provide services and timely information to all stake holders
New Initiatives by EPFO to provide services and timely information to all stake holders EPFO has taken a number of e-initiatives to provide services and timely information to all its stakeholders in tune with the government’s motto of minimum government and maximum governance. It has now been decided to publish the age-band wise estimate of […]
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 […]
Pensioner’s Portal at EPFO website
Pensioner’s Portal at EPFO website EPFO has launched the pensioner’s portal https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number, Pensioner’s Payment Order details, Pensioner’s passbook information & other related information such as date […]
EPFO Rate of Interest
EPFO Rate of Interest The declared rate of interest on Employees” Provident Fund (EPF) paid to the subscribers during the last three years is as under: Year Rate of Interest (in per cent.) Date on which Rate of Interest declared 2014-15 8.75 23.01.2015 2015-16 8.80 23.05.2016 2016-17 8.65 24.04.2017 The interest rate on EPF is […]