Mandatory registration of Digital Signature Certificate (Class 2 and above) of the authorized signatories of the establishments (having more than 100 ECR members) with EPFO.

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear AllEnclosed is the Circular in regards to Mandatory registration of Digital Signature Certificate (Class 2 and above) of the authorized signatories of the establishments (having more than 100 ECR members) with EPFO.Mandatory registration of Digital Signature Certificate

The Centre has approved payment of 8.75 per cent rate of interest on PF

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear All The Centre has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over 5 crore subscribers of the Employees’ Provident Fund Organisation. “The Finance Ministry has given its concurrence to the EPFO trustees’ decision to provide 8.75 per cent rate of interest to its members for the… Read more »

EPFO raises interest rate to 8.75% for 2013-14 Announces 20% rise in cover under Employees’ Deposit Linked Insurance Scheme

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear All Friends Retirement fund body Employees Provident FundOrganisation (EPFO) on Monday  announced a rise in interest rate on provident fund (PF) deposits to 8.75 per  cent for 2013-14, to benefit 50 million subscribers. The interest rate on PF deposits in the previous financial year was 8.5  per cent. The decision to raise the rate… Read more »

Canteen Allowance is part of basic wages and PF is to be deducted there from – Delhi High Court

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear friends,Delhi High Court in its order dated 22.7.2013 (copy attached) in the case of Whirlpool of India Ltd vs RPFC has held that Canteen Allowance is part of basic wages and PF is to be deducted therefrom.Highcourt Judgment appended belowPF is to be deducted on canteen allowance – Delhi HC 22.7.2013

EPFO gives a week time for sending digital signatures

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear All, This is the Extract from  Business Standard  Employers from across the nation have begun sending their digital signatures to the Employees Provident Fund, with Kochi firms leading others in sending the largest number of such signatures. The signatures are needed to begin online transfer of provident fund and the signatures would be used… Read more »

LATEST UPDATE ON EPFO: Employer Online Transfer Claim Portal

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear All, EPFO has started Employer Online Transfer Claim Portal. Highlights • View transfer requests from Members. • Verify details from your records. • Approve information using digital signature. • An Additional feature to complement existing paper claim process. • Multiple authorised signatories can use the facility to verify and approve claim requests. EPFO introduces… Read more »

EPF (Employees’ Provident Fund) Linked With Aadhaar Card

Posted by & filed under Provident Fund - (Notification -Circulars), Provident Fund Benefits.

EPF (Employees’ Provident Fund) Linked With Aadhaar Card Trying to open an Employees’ Provident Fund Account? Ensure an aadhaar number first. The employees provident fund organization (EPFO) has mandated to provide aadhaar card numbers in order to register for an EPF account. Employees joining from March 2013 into the organised sector, looking forward to open… Read more »

The EPF organisation has approved the Group Team Insurance Plan offered by M/s star Union Dai-ichi Life Insurance Company Limited in lieu of the Employees’ Deposit Linked Insurance Scheme, 1976

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear All, The EPF organisation has approved the  Group Team Insurance Plan offered by M/s star Union Dai-ichi Life Insurance Company Limited in lieu of the Employees’ Deposit Linked Insurance Scheme, 1976 – HO No. C-III/16/1(138)10/ MH/ EDLI/ 30284 dated 23/01/2013  The highlights of the Said Insurance Company is as Under:- The policy is arranged to… Read more »