Cabinet approves the proposal to extend the EPF contribution 24% (12% employees share and 12% employers share) for another three months from June to August 2020 under PMGKY/AATMANIRBHAR BHARAT The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval for extending the contribution both 12% employees’ share and 12% … Read more
The reduction in statutory rate of contribution from 12% to 10% for wage months May, June and July 2020 Ministry of Labour & Employment Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic Government Sector, their PSEs and establishment whose subscription … Read more
Normally, the time limit for resolving the grievances of EPFO is 15 days. In a crucial moment, the EPF settles 1.37 Lakh PF withdrawal claims to fight COVID19 in less than 10 days EPFO settles 1.37 Lakh EPF withdrawal claims to fight Covid-19 in less than 10 days Employees Provident Fund Organisation (EPFO), an statutory … Read more
EPF (Employees Provident Fund) Name Change Form Circular Correction in name of PF Member – Provision in Application Software. Application Software for correction in the name, Father/spouse name and Date of Birth of a Provident Fund member in the WAR release 4.27. In this regard, the correction in the name, father/spouse name of the member … Read more
The PPO issued by EPFO to the EPS pensioners has been made available at Digi locker Portal in shape of a Digital Certificate which any concerned EPS Pensioners can download by registering on Digi locker. How to Download Pension Payment Order (PPO) from DigiLocker? EMPLOYEES PROVIDENT FUND ORGANISATION (MINISTRY OF LABOUR & EMPLOYMENT, GOVT. OF … Read more
Employees Provident Fund Organization (EPFO) does not invest in shares and equities of individual companies Where is EPFO fund invested? 85 per cent of the EPFO Funds in Debt instruments and 15 percent of the investment is made in Exchange Traded Funds (ETFs). As per Central Govt Notification, the investment in ETFs is made based … Read more
PPF Interest Rate Oct 2019 – 7.9% (SBI and HDFC PPF Interest Rate Calculation and Calculator 2019-20) Govt Notified Revised Interest Rate of Public Provident Fund (PPF) from 1.10.2019 – 7.9.% The rate of interest for Public Provident Fund (PPF) from 1.10.2019 to 31.12.2019 is 7.90 percent. PPF Interest 7.9% continues… The interest rates of … Read more
7th Pay Commission Latest News Today: 60 Days Bonus for EPFO Employees 7th Pay Commission Latest News Today: Declaration of Productivity Linked Bonus for the employees of EPFO for the year 2018-19 Employees’ Provident Fund Organisation declared 60 Days Productivity Linked Bonus for the employees of the EPFO for the year 2018-2019 through official orders. … Read more
EPFO Introduces ‘View Pension Passbook’ Service for the pensioners through Umang App Ministry of Labour & Employment EPFO Introduces ‘View Pension Passbook’ Service for the pensioners through Umang App Employees’ Provident Fund Organisation (EPFO), which is providing a host of e-services for its stakeholders, has now introduced a new service through ‘UMANG app’. On clicking … Read more
Employees Provident Fund (EPF) Rate of Interest Employees Provident Fund (EPF) is one of the best savings scheme is mandatory in organized sector working over 20 employees. The Current Rate of Interest is 8.50% per annum for FY 2019-20 EPF Interest Rate History List EPF Interest Rate 1952-53: 3.00% EPF Interest Rate 1953-54: 3.00% EPF … Read more