The Central Board of Trustees of the Employee Provident Fund Organization (EPFO) retirement fund body recommended that the interest rate for fiscal year 2020-21 be kept at 8.5 percent. This rate, the same as last year, is the lowest offered by EPFO in eight years. The board meeting chaired by …
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Retirement fund body EPFO on Thursday began crediting an 8.5 percent interest rate to the employee provident fund (EPF) for 2019-20 for its more than six million members, said a high Commissioner. A large number of members of the Employee Provident Fund Organization (EPFO) could see their EPF accounts updated …
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Labor Minister Santosh Gangwar said the 8.5% interest has started to go to the accounts New Delhi: The provident fund’s interest will be paid in one installment rather than in two installments, the government said, citing the financial good health of the fund’s huge body that acts as a safety …
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New Delhi: Retirement fund body EPFO is likely to credit 8.5 percent interest rate for 2019-20 on employee provident fund (EPF) accounts of around six million subscribers all at once in late December. Earlier in September this year, the Employee Provident Fund Organization had decided to divide the 8.5 percent …
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With the pandemic in mind, the EPFO on Saturday extended the time limit for retirees to February 28, 2021 for the presentation of Jeevan Pramaan Patra. The measure will benefit 35 lakh retirees, the Labor and Employment Ministry said. “In view of the ongoing COVID-19 pandemic and the vulnerability of …
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New DelhiAt least 1.04 million new workers joined the formal workforce in September, the Employees Provident Fund Organization (EPFO) said in its payroll data on Friday. This is the fifth consecutive month that new hires increased after a sharp drop in April, following the pan-India lockdown imposed in March. The …
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To create more jobs, Finance Minister Nirmala Sitharaman announced on Thursday a special subsidy plan: Aatma Nirbhar Bharat Rozgar Yojana. Under the scheme, those establishments that make new hires will receive a special EPF subsidy from the central government. The EPF statutory allowance will be awarded for a period of …
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NEW DELHI: Retirement Fund Agency EPFO on Wednesday it decided to provide an interest rate of 8.5 percent on the Employee Provident Fund (EPF) for 2019-20 as previously committed. In March this year, the highest decision-making body of the Employees Provident Fund Organization (EPFO), the Central Council of Trustees, headed …
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The Employee Provident Fund Organization (EPFO) has decided to keep the interest rate unchanged at 8.5 percent for the 2019-20 financial year. However, interest payable to provident fund subscribers will be paid in a staggered manner due to exceptional circumstances arising from the Covid-19 pandemic, the Ministry of Labor and …
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The Employees Provident Fund Organization (EPFO) decided on Wednesday to credit the interest rate to formal sector workers for 2019-20 in a phased manner, citing the impact of the coronavirus pandemic on their income. The EPFO will credit 8.15 percent to its subscribers for 2019-20 for now – significantly less …
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