Latest News on EPFO

Posted by & filed under Provident fund -News.

Aadhaar Seeding Application launched by Shri Bandaru Dattatreya  Minimum assured amount on death in service and loyalty cum life benefit to EDLI members on superannuation recommended to Government The Central Board (EPF) under the chairmanship of Union Minster of State for Labour and Employment (Independent Charge) Shri Bandaru Dattatreya held its 217th special meeting in… Read more »

EPF dues solely on the basis of balance sheet without identification of beneficiaries is not sustainable

Posted by & filed under Provident fund -News.

Assessment of EPF dues solely on the basis of balance sheet without identification of beneficiaries is not sustainable An appeal was filed by the appellant before the Employees’ Provident Fund Appellate Tribunal, challenging the order dated 23.09.2011, passed by the EPF Authority, under section 7-A of the Act. Brief Facts: Dues were assessed on the… Read more »

EPFO fixes 8.65% interest rate for PF deposits, cut from 8.8%

Posted by & filed under Provident fund -News.

Retirement fund body EPFO today decided to lower the interest on EPF deposits for the current fiscal to 8.65 per cent, from 8.8 provided in 2015-16, for its over four crore subscribers. “The Employees Provident Fund Organisation’s apex decision making body, the Central Board of Trustees (CBT), has taken a decision to lower the interest rate… Read more »

ATTENTION EPS-1995 PENSIONERS No Pension without Digital Life Certificate

Posted by & filed under Provident fund -News.

Dear EPS Pension Member no Pension will be credited without digital life certificate  From 1st November 2016, EPFO has launched the facility of online submission of life certificate. It is mandatory to submit the digital Life Certificate through jeevan Pramaan System life certificate.  The pensioners should carry the Aadhaar Card, Mobile phone, details of PPO… Read more »

Epfo Launches a Special Drive :Mission Consolidation”One Employee-One Account” on May Day

Posted by & filed under Provident fund -News.

A Software also Launched for Centralized Processing to Transfer and Consolidate Accounts with Ease EPFO Greets the Human Engines of Nation – Our Labour Force on International Labour Day Greeting workers on International Workers Day with the. Sh. Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) launched a special Mission consolidation drive “One Employee-One EPF Account”… Read more »

Government plans to reduce EPF & MP act threshold 20 to 10 employees

Posted by & filed under Provident fund -News.

25th Apr 2016 Government reducing EPF & MP act threshold 20 to 10 employees Government plans to amend the existing law to bring firms with minimum ten employees under the Provident Fund coverage, the Lok Sabha was informed today.(25th Apr 2016)Currently, companies with less than 20 employees are excluded from PF coverage. “A proposal for comprehensive… Read more »

Government Raises EPF Interest Rate to 8.8 Percent for 2015-16

Posted by & filed under Provident fund -News.

 In the third roll-back in two months, the government today raised interest rate on employee provident fund (EPF) contributions to 8.8 per cent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide… Read more »

EPFO all set to review withdrawal norms

Posted by & filed under Provident fund -News.

The Employees Provident Fund Organisation (EPFO) board will next month review a decision to restrict withdrawals amid widespread criticism. On Tuesday, union representatives flagged the concern at the meeting of the central board of trustees and suggested that the move should be rolled back, said two sources who attended the deliberations.  “The intent was different… Read more »