Dedication of Portability through Universal Account Number (UAN) for Employees Provident Fund

“The minimum pension for employees has been introduced first time so that employees’ pension is not less than Rs. 1000 per month. The wage ceiling has been raised from Rs. 6500 to Rs. 15000 per month to ensure that vulnerable groups are covered under EPF Scheme”. Under the scheme complete information for approximately 4 crore […]

Extension of PPF Scheme to private sector banks – Department of Posts

Department of Posts issued a detailed order including the list of private banks to authorize to transfer of Public Provident Fund accounts from Head Posts Offices to Nationalized Banks… SB ORDER No. 11/2014 F.No.32-01/2014-SB Government of India Ministry of Communications & lT Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001, Dated: 22.09.2014 To All Heads […]

Finance Ministry notification regarding revision of maximum limit of subscription in PPF accounts

Revision of maximum limit of subscription in a financial year of Public Provident Fund account shall be Rs.1,50,000 in place of Rs.1,00,000… No. F.No. 113-01/2011-SB Government of India Ministry of Communications & IT Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001, Dated: 21.08.2014 To All Heads of Circles/Regions Addl. Director General, APS, New Delhi. […]

Simplification of procedure on withdrawals from Provident Fund

Simplification of procedure on withdrawals from Provident Fund Simplification of rules/procedure on withdrawals from Provident Fund by Railway employees GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No. F(E)III/2014/PF/3/3 NEW DELHI, Dated: 27.08.2014 The General Secretary, NFIR, 3, Chelmsford Road, New Delhi-110055. Dear Sir, Sub: Simplification of rules/procedure on withdrawals from […]

Provident Fund Interest Rate 8.75%

Provident Fund Interest Rate 8.75% for 2014-15 EPFO retains interest rate at 8.75% for current fiscal NEW DELHI: Retirement fund body EPFO’s trustees on Tuesday decided to retain interest payment on provident fund deposits for 2014-15 at 8.75 per cent. “It has been decided to pay 8.75 per cent interest in the current fiscal,” Central Provident […]

Enhancement of salary limit of Employees Provident Fund

Enhancement of salary limit of Employees Provident Fund Enhancement of salary limit of Employees Provident Fund is considering to Rs.15000..! While answering to a question in Parliament, Minister of State for Labour and Employment Shri Kodikunnil Suresh said that A proposal for enhancing the wage ceiling from Rs. 6500/- to Rs. 15000/- and reducing the […]

Simplification of rules/procedure on withdrawals from Provident Fund by Railway employees-reg.

NFIR National Federation of Indian Railwaymen No.I/3/Pt.I Dated: 25/10/2013 The Secretary (E), Railway Board, NEW DELHI Dear Sir, Sub: Simplification of rules/procedure on withdrawals from Provident Fund by Railway employees-reg. Ref: (i) Railway Board’s letter No. F(E)/III 77 PFI/3 dated 27/5/1977. (ii) Rule 925 read with sub rule (3) (a) of RI. Difficulties are being […]

8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express

8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express The reconstituted EPFO’s Central Board of Trustees (CBT), which has to take a call on interest rate on PF deposits for the current fiscal, is likely to hold its first meeting on October 4. The meeting of the CBT […]

Enhancement in the rate of used Medical Allowance from Rs. 1200/- to Rs. 2000/- p.m. w.e.f 01.03.2013, payable to the serving as well as retired employees of the EPFO for outdoor medical treatment – regarding.

Employees’ Provident Fund Organisation (Ministry of Labour and Employment, Government of India) No. HRM-8/V/12/1/2003/FMA/Vol-117/6160 Dated 13 JUN 2013 To, All Addl. Central P F. Commissioner (Zones) Director (NATRSS) All RPFCs-In-Charge of the Region/ZTIs RPFC (ASDL), Head Office All Officer-in-charge of SROs Sub: Enhancement in the rate of used Medical Allowance from Rs. 1200/- to Rs. […]

Enhancement of age of Retirement in Kerala

Enhancement of age of Retirement in Kerala Enhancement of age of retirement of Government Employees and Teachers – Closure of General Provident Fund Accounts. The Finance Department (Provident Fund) of Kerala Government has issued detailed instructions regarding the above matter on 30th May 2012 on its website. The Kerala Government have withdrawn the unification of […]

Interest rate on General Provident Fund (GPF)

Interest rate on General Provident Fund (GPF) The Government of West Bengal has decided to issue 8.6% interest for the funds of General Provident Fund. For the subscribes to the General Provident Fund and other similar funds under the administrative control of the West Bengal Government shall carry interest at the rate of eight per […]

EPFO Launches online receipt of Electronic Challan cum Return (ECR) from the Month of April 2012

Employer e-Sewa Dear Employers !! EPFO Launches online receipt of Electronic Challan cum Return (ECR) from the Month of April 2012 (March paid in April). Employers are requested to Register their establishments and create their user id and password through this portal. The registered employers can upload the Electronic Return and the uploaded return data […]

Dues on EPF Contribution

Ministry of Labour & Employment Dues on EPF Contribution Hon’ble Supreme Court in its judgement dated 08.11.2011 in the matter of Employees’ Pension Fund Commissioner Vs. O.L. of Esskay Pharmaceuticals Limited and others, SLP (Civil) No. 7642, 7644, 7645 and 7646 of 2011 upheld the priority of dues under the Employees’ Provident Funds & Miscellaneous […]

Govt mulling PF interest rate hike

  Govt mulling PF interest rate hike Bangalore, May 16 (PTI) Union Minister for Labour and Employment M Mallikarjun Kharge today said the government was looking at further hiking the interest rate on Provident Fund from the present 9.5 per cent. "We are contemplating further increasing the interest rate on Provident Fund from the present […]

Provident Fund can make you a crorepati!!!!

Your PF can make you a crorepati!!!! Don’t you hate it when you look at your salary slip and find that sundry deductions have pared it down. But believe us, you should actually feel happy about one of these deductions-the monthly contribution to the Employees’ Provident Fund (EPF). The 12% of your basic salary that […]

Employee Provident Fund (EPF) : Retire as a Crorepati

Employee Provident Fund (EPF) : Retire as a Crorepati We normally hate any kind of deductions in our monthly salary slips – either its income tax deduction , professional tax deduction or even an EPF deduction.Very few of us really know that this small EPF deduction each year can in reality make you a crorepati […]