NEW DELHI : The central board of the Employee Provident Fund Organization (EPFO) said on Wednesday that it will pay the 8.5% interest to EPF subscribers for 2019-20 in two installments. The pension fund body has decided to first credit an interest of 8.15% in the subscribers’ account, while the …
Read More »EPFO settles claims of 94.4 lakh, disburses over ₹ 35,000 cr during April-August 2020
Despite pandemic Covid-19 restrictions, the Employees Provident Fund Organization (EPFO) has been able to resolve 94.41 lakh claims, thus disbursing over ₹35,445 crore to its members during the period from April to August 2020. During this period, EPFO has settled around 32% more claims compared to the corresponding period last …
Read More »5 years after entering the stock market, EPFO is still unclear on how to credit ETF units to underwriters
NEW DELHI: Five years have passed since the Employee Provident Fund Organization (EPFO) turned to investing in stocks, but it has yet to come up with a way to assign units of Exchange Traded Funds (ETFs) to its underwriters. EPFO has been investing in the stock market since August 2015 …
Read More »Legislators raise questions about anxiety “withdrawal” of epfo funds
[ad_1] NEW DELHI : Legislators have expressed concern on the recently published data that show large-scale disbursement of claims on the part of the Employees ‘ Provident Fund Organization (epfo). This comes in the wake of the Central Provident fund Commissioner (CPFC), Sunil Barthwal, stating during a seminar earlier this …
Read More »3 reasons why you might win less back this year
[ad_1] NEW DELHI : If you are depending on their employees provident fund (EPF) account for retirement needs, income of this year is likely to disappoint you. Despite the new measures such as allowing Covid pandemic of the withdrawal of the facilities and a cut in the contribution RATE to …
Read More »Five announcements on EPF and income tax made by FM Nirmala Sitharaman today
[ad_1] Keeping in view PM Modi’s vision of a “self-reliant India”, FM Nirmala Sitharaman announced a slew of personal finance measures to boost demand in the country, which is ravaged by the pandemic. Here are the five announcements made by her: 1) Due date for all income tax returns has …
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