The Central Bureau of Investigation on Monday arrested an accused Enforcement Officer of the Employees Provident Fund Organisation in Tamil Nadu's Tirunelveli while accepting a bribe amount of Rs 2 lakh from the complainant, Officials said on Monday.
New Delhi [India], February 14: The Employees' Provident Fund (EPF) is a popular retirement savings scheme in India that is regulated by the Employees' Provident Fund Organisation (EPFO). Under this scheme, a portion of an employee's salary is deducted each month and contributed to a fund
An interest rate of 8.25 per cent would be provided on employees' provident fund (EPF) deposits for 2023-24, and a decision around it was taken at the 235th meeting of Central Board of Trustees held on Saturday.
The Central Bureau of Investigation (CBI) has arrested one Assistant Provident Fund Commissioner (APFC) and an Enforcement Officer, both of Employees' Provident Fund Organisation (EPFO), Lucknow and a private person in a case of bribery of Rs eight lakh.
According to the Ministry of Labour and Employment, the cumulative net addition of members during the current financial year continues to remain higher than that of the corresponding period of the previous year.
The Employees' Provident Fund Organisation has added 17.21 lakh net members in September. Month-on-month comparison of payroll data showed an increase of 21,475 net members over the previous month.
The data indicates that around 10.27 lakh new members have enrolled during July, 2023 which is the highest since July, 2022. The majority of new members joining EPFO are in the age group of 18-25 years constituting roughly 58.45 per cent of total new members addition during the month. This s
The data indicated that around 10.14 lakh new members have enrolled during June, 2023 which is highest since August, 2022. Among the newly joined members, the age-group of 18-25 years constitutes 57.87 per cent of total new members added during the month.
The Employees Provident Fund Organisation (EPFO) has extended the deadline for higher Provident Fund (PF) pension for members till July 11, an official release read.
The Employees' Provident Fund Organisation has added around 1.39 crore net members with an increase of 13.22 per cent in 2022-23, compared to the previous financial year's 1.22 crore net members addition.
The Central Board of Employees' Provident Fund Organisation (EPFO) has recommended an 8.15 per cent interest rate to be credited on provident funds for the financial year 2022-23.