In 2024–25, EPFO processed a record 2.34 crore advance claims through auto-settlement, a 161% increase compared to 89.52 lakh claims in 2023–24, says Union Minister Mansukh Mandaviya. File | Photo Credit: The Hindu The Employees’ Provident Fund Organisation (EPFO) has enhanced the auto-settlement limit for advance claims from ₹1 lakh at present to ₹5 lakh. […]
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EPFO has fixed an 8.15% interest rate on employees’ provident fund for 2022-23. | Photo Credit: The Hindu The retirement fund body EPFO has fixed an 8.15% interest rate on employees’ provident fund (EPF) for 2022-23, news agency PTI reported quoting sources. EPFO had lowered the interest on EPF for 2021-22 to an over four-decade […]
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The 8.5% interest rate on EPF deposits for 2020-21 was decided by the CBT in March 2021. File The retirement fund body EPFO is likely to announce the rate of interest on employees’ provident fund (EPF) deposits for 2022-23 at its two-day meeting beginning Monday. EPFO had lowered the interest on EPF for 2021-22 to […]
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EPFO earmarks up to 85% of its equity investments into ETFs tracking the Nifty 50, which had added Adani Enterprises in September 2022. File EPFO subscribers are captive investors of two Adani stocks The aftermath of the Hindenburg Research report may have made several large investors rethink their exposures to the Adani group. But one […]
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Proceedings of the Lok Sabha adjourned amid a ruckus over the Adani-Hindenburg issue and Congress MP Rahul Gandhi’s democracy remark during the second phase of the Budget Session of the Parliament, in New Delhi on March 16, 2023. | Photo Credit: ANI Neither side backing down, Parliament logjam runs on Both Houses of Parliament put […]
Continue ReadingFile photo used for representational purpose only. All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members’ portal of retirement fund body EPFO. Earlier, there were apprehensions that March 3, 2023 is the last date for opting for higher pension. The URL on the […]
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A view of people on a road after an earthquake in Antakya in Hatay province, Turkey, February 20, 2023. | Photo Credit: REUTERS New 6.4 magnitude earthquake hits Turkey’s Hatay province A 6.4-magnitude earthquake was recorded on February 20, 2023, in Turkey’s southern province of Hatay, the hardest hit by a February 6 tremor which […]
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Women poll officials head toward their respective polling stations for the Tripura Assembly elections, in Agartala, on Feb. 15, 2023. | Photo Credit: PTI Tripura voters hold the winning card as State goes to the polls today A triangular contest—between the BJP, the Left Front-Congress combine and new entrant Tipra Motha—is on the cards in […]
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EPF members are unable to view interest credits due to a software upgrade implemented by the Employees’ Provident Fund Organisation (EPFO) EPF members are unable to view interest credits due to a software upgrade implemented by the Employees’ Provident Fund Organisation (EPFO) Employees’ Provident Fund (EPF) members are unable to view interest credits of 8.1% […]
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According to the report, net new enrollments with retirement fund body EPFO stood at 18.23 lakh in July 2022. According to the report, net new enrollments with retirement fund body EPFO stood at 18.23 lakh in July 2022. “Around 15.72 lakh new members joined the ESIC-run social security scheme in July 2022,” according to official […]
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