Gazette Notification on amendments in EPF, EPS and EDU Schemes Implementation of Draft Benefit Transfer through electronic mode. Employees Provident Fund Organisation (Ministry of Labour & Employment, Govt of India) Head Office Bhavishya Nidhi Bhavan, 14-Bhikaji Cama Place, New Delhi - 110066 www.epfindia.gov.in w … [Read more...] about Gazette Notification on amendments in EPF, EPS and EDU Schemes implementation of Draft Benefit Transfer through electronic mode
EPF
Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement
Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement Payment of Statutory Contributions Henceforth only through Internet Banking The Prime Minister of India during the PRAGATI review meeting held on 26th October desired that claims related to death cases be prioritized and expedited and … [Read more...] about Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement
Minimum wage ceiling under the EPF could soon be raised to Rs 25,000
After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF The minimum wage ceiling under the Employees' Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000. The minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000. A … [Read more...] about Minimum wage ceiling under the EPF could soon be raised to Rs 25,000
Clean up the employees’ pension scheme
Clean up the employees’ pension scheme Though a majority of organised workers are covered under the Employees’ Pension Scheme (EPS) 1995, there is still very low transparency level. Many readers might not have even heard about it because EPS is not a separate scheme. It is just an add-on to the Employee Provident Fund (EPF) scheme and all EPF mem … [Read more...] about Clean up the employees’ pension scheme
Central Government decides to withdraw the notification on withdrawal from EPF
Central Government decides to withdraw the notification on withdrawal from EPF Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect Press Information Bureau Government of India Ministry of Labour & Employment 21-April-2016 17:51 IST Government Decides to withdraw the 10th February 2016 Notification with … [Read more...] about Central Government decides to withdraw the notification on withdrawal from EPF
General Provident Fund (GPF) – Employee Provident Fund (EPF)
General Provident Fund (GPF) – Employee Provident Fund (EPF) The Provident Fund for Central Government employees is known as General Provident Fund (GPF). The scheme is not available for those who were appointed after 01.01.2014. They come under the newly formed National Pension Scheme. Salaried employees are eligible for Employee Provident F … [Read more...] about General Provident Fund (GPF) – Employee Provident Fund (EPF)
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 … [Read more...] about Enhancement of salary limit of Employees Provident Fund
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 headed by the Labour Minister is likely … [Read more...] about 8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express
EPF interest rate raised by 0.25 to 8.5 per cent for the current fiscal
EPF interest rate raised by 0.25 to 8.5 per cent for the current fiscal Employees' Provident Fund Organisation, EPFO, has decided to pay 8.5 per cent rate of interest on Provident Fund, PF, deposits for 2012-13. It is higher by 0.25 per cent provided in the previous fiscal. It will benefit over five crore subscribers of retirement fund body. … [Read more...] about EPF interest rate raised by 0.25 to 8.5 per cent for the current fiscal
Interest fixing on GPF and EPF
Interest fixing on GPF and EPF Linking of General Provident Fund interest rates with Employees Provident Fund... Rate of interest on EPF is fixed on the recommendation of the Central Board of Trustees (CBT), Ministry of Labour and Employment based on the income earned on the accumulated fund during the financial year. However, rate of interest on … [Read more...] about Interest fixing on GPF and EPF