EPF Updates & Cases

Air India is paying much less than the Employees Provident Fund Organisation (EPFO)-approved interest rate on provident fund savings of its employees that are managed by its own PF trusts, people familiar with the matter said. The privatisation-bound national carrier – which incurred significant losses on PF money of its employees due to investments in troubled firm Dewan […]

PM assures to resolve issues of EPS-95 pensioners | Nagpur News – Times of India Nagpur: Raising hope for over 67 lakh pensioners, Prime Minister Narendra Modi has assured a delegation of National Agitation Committee (NAC) that he would look into their long pending demands and resolve them. The Buldhana-based NAC, representing Employee Pension Scheme

The social security scheme EPF or employee provident fund is administered by the Employees’ Provident Fund Organisation (EPFO) and like every other investment avenue earns interest. For the FY ending 2021, the EPFO has announced interest rate of 8.5 percent and the same is still not credited to the eligible EPF account holders’ account. Interest

Several crores of Employees’ Provident Fund (EPF) savings have been drained out through fraudulent withdrawals at a regional office in Mumbai, as a result of officials of the Employees’ Provident Fund Organisation (EPFO) acting in connivance. By Wednesday, Rs 37 crore of such withdrawals, most of which are learnt to have been partial withdrawal claims

The labour ministry on Wednesday said that the cumulative net payroll additions to the Employees Provident Fund Organisation last year was at par with the preceding year despite the Covid-19 pandemic, suggesting there were no formal sector job losses during the pandemic. “Despite Covid-19 pandemic, cumulative net payroll addition to the Employees Provident Fund Organisation (EPFO) subscriber base is

Key Highlights: EPF interest rate of 8.5% for FY21 to be credited soon EPF interest rate of 8.5% for FY21 is at seven-year low after it was slashed last year due to Covid EPFO subscribers can check their balance via SMS, missed call or through UMANG app The Employees’ Provident Fund Organisation (EPFO) will credit

The Employees’ Provident Fund Organisation (EPFO) has proposed to hire a consultant to monitor its bond investments after struggling to recover nearly ₹1,400 crore sunk into Infrastructure Finance and Leasing Ltd (IL&FS) and Dewan Housing Finance Corp. Ltd (DHFL) that later went bankrupt. In a report presented in the Rajya Sabha on Friday, the parliamentary standing

Fresh enrollments under retirement fund body, Employees Provident Fund Organization (EPFO), during May 2021 dropped to 5.72 lakh,  the lowest since June last year. This, labour experts said, reflects the impact of the second wave of the COVID-19 pandemic on the job market. In June last year, new enrollments stood at 5.64 lakh at a time