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Government allows investing 5 percent of EPFO corpus in stock markets

Government allows investing 5 percent of EPFO corpus in stock markets

24 Apr 2015

New Delhi: The government has allowed retirement fund body EPFO to invest 5 percent of its corpus in exchange traded funds which will result in an inflow of around Rs 5,000 crore to stock markets this fiscal.

EPFO,   Provident Fund,   Stock Markets,   Equity Market,   Provident Fund,   PSU,   Latest Business News ,  
Madhya Pradesh court convicts 21 in 2006 PF fraud case

Madhya Pradesh court convicts 21 in 2006 PF fraud case

01 May 2015

Bhopal: A local court has convicted 21 people for swindling more than Rs 73 lakh as claims fraudulently from Employees Provident Fund Organisation's (EPFO) office here a decade ago.

Madhya Pradesh Court,   EPFO,   Provident Fund Fraud Case,   PF,   CBI,   PC Act,   Latest State News ,  
EPFO retains four <strong>fund</strong> managers; also appoints UTI AMC

EPFO retains four fund managers; also appoints UTI AMC

15 Apr 2015

New Delhi:  Retirement fund manager EPFO has retained its existing four fund managers SBI, ICICI Securities Primary Dealership, Reliance Capital and HSBC AMC for a three-year term, starting April 1, 2015.

EPFO,   UTI ,   SBI,   ICICI Securities,   Reliance Capital,   HSBC,   Provident Fund,   Employees Provident Fund Organisation,   Latest Business News,  
Employers, workers may shell out more for EPF contributions

Employers, workers may shell out more for EPF contributions

13 Mar 2015

New Delhi: Employers as well as formal sector workers may have to shell out more towards Employees' Provident Fund with the government proposing to include all allowances in the wages for deducting PF contribution.

EPFO,   Employees Provident Fund,   Provident Funds,   PF Contribution,  
Sukanya Samriddhi to earn 9.2 percent interest rate, PPF retained 8.7 percent

Sukanya Samriddhi to earn 9.2 percent interest rate, PPF retained 8.7 percent

31 Mar 2015

New Delhi: Investments in Sukanya Samriddhi Account, the special deposit scheme for girl child, will earn higher interest rate of 9.2 percent, while the rate on popular tax saving Public Provident Fund has been retained at 8.7 percent for 2015-16.

Investments,   Sukanya Samriddhi Account,   Special deposit scheme,   Girl child,   Interest rate,   Tax saving,   Public Provident Fund,  
EPFO asks its offices to focus on consumer forum cases

EPFO asks its offices to focus on consumer forum cases

01 Mar 2015

New Delhi: In view of rising complaints against it in district consumer forums, retirement fund body EPFO has asked its field formations to focus on these cases.

EPFO,   Consumer Forum,   Provident Fund,   Supreme Court ,  
EPFO's online PF withdrawal facility to take more time

EPFO's online PF withdrawal facility to take more time

15 Mar 2015

New Delhi: Over 5 crore members of EPFO will have to wait for a few months to be able to use the online PF withdrawal facility as the retirement fund body wants the system to be "fool proof".

EPFO,   Provident Fund,   Online PF withdrawal,   Aadhaar Card,   UIDAI,   Universal Account Number,  
Government decides to pay 8.75 percent interest on <strong>Provident</strong> <strong>Fund</strong> for current fiscal

Government decides to pay 8.75 percent interest on Provident Fund for current fiscal

19 Dec 2014

New Delhi: Over five crore provident fund subscribers governed by the EPFO will get 8.75 percent interest on their deposits for the current fiscal. The Finance Ministry has ratified the rate for 2014-15, after a decision was taken to retain the interest payout at this level by the Central Board of Trustees of the Employees' Provident Fund Organisation, sources said.

Government,   Interest,   Provident Fund,   Subscribers,   EPFO,  
EPFO set for major overhaul in new year

EPFO set for major overhaul in new year

22 Dec 2014

New Delhi: As a new year beckons, retirement fund body EPFO (Employees' Provident Fund Organisation) is set for a major overhaul in the way it manages the provident fund deposits of its over five crore subscribers.

Retirement fund,   EPFO,   Employees' Provident Fund,   Provident fund,   Deposits,  
Construction workers face difficulties in retrieving <strong>Provident</strong> <strong>Fund</strong>: Government

Construction workers face difficulties in retrieving Provident Fund: Government

25 Nov 2014

New Delhi: Workers in building and construction sector face difficulties in retrieving their savings with retirement fund body EPFO due to frequent job changes but steps are being taken to deal with it, Parliament was informed on Tuesday.

Provident Fund,   EPFO,   Labour Minister,  Bandaru Dattatreya,  Karnataka,   Kerala,   Tamil Nadu,   Andhra Pradesh,   Telangana,   Goa,   Union Territories of Andaman and Nicobar Islands,   Puducherry. ,  

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