EPF Interest Rate EPF is a retirement benefits scheme under the Employees Provident Fund and Miscellaneous Act, 1952, where an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer as well on a month on month basis. The Scheme is managed by Employee Provident Fund… Read more »
Posts Categorized: Provident Fund – (Notification -Circulars)
EPFO fixes Interest Rate for 2022-23 @8.15% pa
The 233rd meeting of the Central Board of Trustees, EPF was held today in Delhi under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change. The Vice-Chairmanship of Shri Rameshwar Teli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Vice-Chairpersonship of Ms…. Read more »
EPF Rate of Interest for the FY 2021-2022 Circular
EPF Rate of interest has been declared on 22nd Mar 2022 for the F.Y 2021-2022 @ 8.10 % The respective circular of the same is attached.
Payment of Pension to EPS ’95 pensioners on last working day of the month
EPFO has executed agreements with numerous pension disbursing banks for credit of pension to its pensioner. Current bank agreement with pension disbursing banks states that: “Pension will be credited on the 1st working day of the month to which the pension relates or in any case not later than 5th day of the month“. However,… Read more »
EPFO Circular in order to take preventive measures not to spread of Novel Coronavirus (COVID-19):-Attendance of Central Government officials
In view of the initial signs of a surge in cases of COVID-19, the matter regulating attendance of Central Government employees has been reviewed and it has been decided as under. with immediate effect till 3151 January 2022:- (i) Physical attendance of Government servants below the level of Under Secretary shall be restricted to 50% of… Read more »
Good Relief from EPFO in regards to Payment of EPF Challan of May 2021
Good News from EPFO & relief to the Employers from levy of Damages for the delay in deposit of challan for the month of May 2021 due to Non-seeding of Aadhar in UANs should not be presumed as employers default and have to appreciate each case in its own facts under the respective sections of… Read more »
EPF Death case to be resolved in three days
Good News from EPFO all Pension Cases in General & death cases, in particular, are to settle in three days All PPO to be generated and dispatchec to the nominated bank as per the KYC of the Member or Nominee of the deceased member in 7 days All necessary steps to be taken to ensure… Read more »
Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021
This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021 Who was in the employment of the same establishment & was in employment is to be inserted The claim amount under ELDI is 35 times the average monthly salary in the past 12 months subject to a maximum of 7 lakh (5.25… Read more »
Deployment Of Electronic Facility At Employer Interface Of EPFO’s Unified Portal For Principal Employers To View EPF Compliances Of Their Contractors And Contract Workers
The EPF & MP Act, 1952 defines employee u/s 2 (f) as any person who is employed for wages in any kind of work, manual or otherwise, in or in connection with the work of an establishment, and who gets his wages directly or indirectly from the employer and includes any person employed by or… Read more »
EPFO WhatsApp, Email & Helpline
Dear all, During this Pandemic, any employer is facing problem for approval of Basic details of the Name change, KYC, or Digital signature approval .EPFO has taken one step ahead to resolve the said issue for all 135 EPFO RO/SRO) are now on WhatsApp or on email & separate helpline numbers are designated. append below… Read more »