Mandatory Bank Account at the time of Joining EPF Fund

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

Dear Employer, Central Government has issued direction under Para 78(1) of the Employees’ Provident Funds Scheme, 1952 to issue order making submission of Bank Accounts by the members mandatory in order to facilitate the allotment of Universal Account Number, proper implementation of the Employees’ Provident Funds Scheme, 1952 and removal of the difficulties in the… Read more »

Amendment in Employees Provident Fund Scheme in regards to Settlement of inoperative accounts

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

Dear All,Pls find enclosed is the Gazetted copy in regards to Employees Provident Fund Scheme in regards to settlement of inoperative accounts In brief  if the settlement of claim in respect of inoperative account is delayed for more than thirty days from the date of receipt of the application for settlement of claim, interest shall be credited… Read more »

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 »