retirement fund

EPFO updates 15.54 crore PF accounts for 2014-15 on April 1

Retirement fund body has achieved another milestone in the process of digitising its operations by updating 15.54 crore PF accounts for 2014-15 in a day.

Apr 07, 2015, 13:47 PM IST

EPFO trustees to appoint new fund managers on March 31

Retirement fund body EPFO is likely to appoint fund managers for a three-year term starting April 1 at its trustees' meet scheduled on March 31.

Mar 20, 2015, 21:11 PM IST

EPFO sets up expert group to consider housing scheme

Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.

Mar 18, 2015, 11:58 AM IST

EPFO to raise pension age today, appoint fund managers

Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Feb 19, 2015, 09:02 AM IST

Premium for product in lieu of EDLI need not be 0.5% of wages

This directive will facilitate employers to buy group insurance schemes for their workers from insurance companies at a price lower than 0.5 percent of wages as required under EDLI.

Dec 24, 2014, 15:21 PM IST

EPFO settles 10 lakh PF claims in November

Retirement fund body EPFO has settled 10 lakh claims, including withdrawal and transfer of provident fund, in the month of November.

Dec 04, 2014, 18:50 PM IST

10.96 lakh UANs activated so far, EPFO to sensitise firms soon

Just about 11 lakh workers have activated their universal PF account numbers (UANs) so far even as retirement fund body EPFO readied nearly 1.1 crore portable PF accounts numbers under the new scheme.

Oct 15, 2014, 20:27 PM IST

Govt launches Rs 1,000 minimum pension across the country

According to EPFO estimates, around 32 lakh pensioners under the scheme, who get less than Rs 1,000 every month as pension, will benefit immediately.

Sep 30, 2014, 23:33 PM IST

EPFO makes it mandatory to provide workers' bank a/c numbers

Retirement fund body EPFO made it mandatory for firms to provide their employees' bank account numbers with IFSC code of bank branch to facilitate allotment of universal PF account number and payment to its subscribers.

Sep 18, 2014, 17:51 PM IST

EPFO not considering any proposal to invest in stock markets

Retirement fund manager EPFO on Wednesday said that it is not considering any proposal to invest a part of its huge corpus of around Rs 6 lakh crore in stock markets.

Sep 17, 2014, 17:40 PM IST

EPFO trustees may defer decision on interest rate Tuesday

Retirement fund body EPFO's trustees are likely to defer Tuesday the decision on interest rate on PF deposits for 2014-15, as the proposed 8.7 percent may not be acceptable to union representatives.

Aug 25, 2014, 15:32 PM IST

78% Indian employees feel they should save more for retirement

Even as Indian employees are expecting to retire around 60 years, 78 percent believe that they will need to save more for retirement, according to a recent survey.

Aug 24, 2014, 14:07 PM IST

EPFO likely to announce PF interest rate for FY'15 on Tuesday

Retirement fund body EPFO is likely to announce the rate of interest on PF deposits for 2014-15 to its over 5 crore subscribers at its trustees meet on August 26.

Aug 24, 2014, 11:19 AM IST

EPFO targets to make UANs operational by Oct 15

Retirement fund manager EPFO that has initiated the process of seeding KYC details like PAN, Aadhaar of contributing members for making Universal Account Number (UAN) has set a target of seeding 2 crore bank account data by end of this month, an official said.

Aug 17, 2014, 18:59 PM IST

EPFO seeks trustees nod to invest more funds in govt bonds

Retirement fund manager EPFO has sought approval of its trustees to invest more funds in government securities, particularly state development loans (SDL) as they offer better returns than corporate bonds.

Aug 12, 2014, 17:26 PM IST

Inoperative A/c norms should be strictly followed: EPFO

Retirement fund body EPFO has asked its field formations to strictly follow guidelines while settling claims out of inoperative accounts in order to reduce the risk of frauds.

Jul 29, 2014, 19:36 PM IST

EPFO asks field staff to gear up for implementing new wage cap

Retirement fund body EPFO has asked its field offices to be prepared for implementation of the new government's decision to raise wage ceiling for social security schemes to Rs 15,000, which is expected to bring 50 lakh more workers under the coverage.

Jul 15, 2014, 20:31 PM IST