Search For "epfo"
Labour unions ask for tax relaxations and higher pension for salaried clas
Updated : 1 year, 8 months ago IST
High-ranking officials, including the Secretaries of the Department of Economic Affairs and the Ministry of Labour and Employment, as well as the Chief Economic Adviser to the Government of India, were also in attendance, underscoring the importance of the consultation process.
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EPFO adds highest-ever members in April since 2018
Updated : 1 year, 8 months ago IST
EPFO has added that around 8.87 lakh new members have enrolled during April 2024.
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EPFO to revamp UAN-based system to auto mode for faster claims settlement
Updated : 1 year, 9 months ago IST
EPFO will soon introduce UAN based-single accounting system for each member and automation of process flow with minimum human intervention for faster settlement of claims after revamping its application software, the Ministry of Labour and Employment said in a release on Friday.
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Facial authentication revolutionizes pension life certificate process for
Updated : 1 year, 9 months ago IST
According to a press release by the Ministry of Labour and Employment, this innovation marks a shift from the traditional physical life certificate submissions, which often posed challenges for pensioners, particularly the elderly.
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EPFO adds 14.41 lakh net members in March 2024, most new entrants youth
Updated : 1 year, 9 months ago IST
The figures reveal that 7.47 lakh new members were enrolled with EPFO during March 2024, signifying an influx into the organized workforce.
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EPFO introduces Auto-Mode Settlement for education, marriage, and housing
Updated : 1 year, 10 months ago IST
The Employees' Provident Fund Organization (EPFO) has announced the introduction of auto-mode settlement for advance claims related to education, marriage, and housing. This automated system processes claims without any human intervention, stated the Ministry of Labor and Employment in a rel
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Payroll Data: EPFO adds 15.48 lakh net members during February 2024
Updated : 1 year, 10 months ago IST
Employees' Provident Fund Organisation's (EPFO) provisional payroll data highlighted the addition of 15.48 lakh net members in the month of February, 2024, according to a release issued by the Labour Ministry on Saturday.
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Check rate of interest on small saving schemes for Q1 2024-25
Updated : 1 year, 11 months ago IST
The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 per cent. Similarly, Public Provident Fund gives one interest rate of 7.1 per cent. Kisan Vikas Patra gives interest rate at 7.5 per cent, annually.
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Interest rate on small saving schemes kept unchanged for Q1-2024-25
Updated : 1 year, 11 months ago IST
The central government has kept the interest rates unchanged on various small savings schemes for the first quarter of the next financial year, beginning April 1.
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CBI arrests EPFO Tamil Nadu officer in bribery case
Updated : 2 years ago IST
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.
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Check How EPF Helps You Save On Tax in India
Updated : 2 years ago IST
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
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Interest rates on provident funds for 2023-24 recommended at 8.25%
Updated : 2 years, 1 month ago IST
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.
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