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 […]

Finmin Orders on Public Provident Fund (Amendment) Scheme, 2014

Finmin Orders on Public Provident Fund (Amendment) Scheme, 2014 [TO 8E PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] Government of India Ministry of Finance (Department of Economic Affairs) Notification New Delhi, the 13th August, 2014 G.S.R. (E). – In exercise of the powers conferred by sub-section (4) of […]

Revision of Forms under the General Provident Fund (Central Services) Rules, 1960

Revision of Forms under the General Provident Fund (Central Services) Rules, 1960 and Contributory Provident Fund Rules (India), 1962 – regarding Pensioner Portal Order:- No. 20/4/2014-P&PW(F) Government of India Ministry of Personnel, P.G. & Pensions Department of Pension & Pensioners’ Welfare Lok Nayak Bhawan, Khan Market, New Delhi June 19, 2014 Office Memorandum Sub: Revision […]

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 […]

How to calculate interest on General Provident Fund

How to calculate interest on GPF General Provident Fund : Needless to say that one of the easiest and good return saving scheme for Central Government Employees who have been appointed on or before 31.12.2003. They can save not less than 6% from the total emoluments. As per the GPF Rules, subscriptions may be increased […]

Decline in interest rate of PPF and Post Office Fixed Deposits

Decline in interest rate of PPF and Post Office Fixed Deposits The Minister of State for Finance Shri.Namo Narain Meena said in the Parliament on 6th August 2013, the interest rates of small savings schemes are revised from 1st April, 2013 as per the recommendations of the Committee headed by Smt.Shyamala Gopinath, then Deputy Governor, […]

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. […]

General Provident Fund (GPF) interest rate 8.7% F.Y.2013-14

Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2012-2013 (PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA) F.No.5(1)-B(PD)/2013 Government of India Ministry of Finance (Department of Economic affairs) New Delhi, the 8th April, 2013 RESOLUTION It is announced for general information that during the year 2013-2014, […]

State Railway Provident Fund – Revised rate of interest orders issued by Railway Board

State Railway Provident Fund – Revised rate of interest orders issued by Railway Board Following revised order from the Finance Ministry regarding rate of interest for General Provident Fund, the Railway Board has now issued orders to revised the rate of interest 8.8% per annum on accumulations at the credit of subscribers to the State […]

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 State Railway Provident Fund (SRPF)

Interest rate on State Railway Provident Fund (SRPF) Interest rate on State Railway Provident Fund (SRPF) increased to 8.6% with effect from 1.12.2011. Just remember that Finance Ministry have previously announced the revised rate of interest for General Provident Fund (GPF), subsequently the Ministry of Railways also now revised the interest rates on accumulation the […]

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 […]