Central Board-of-trustees

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Central Board-of-trustees - Total results - 13
Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20
Business

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20

The labour ministry is keen to retain an interest rate of 8.65 percent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said

EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers for three-year term
Business

EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers for three-year term

Retirement fund manager EPFO is likely to appoint next week at its trustees' meet asset management firms HSBC AMC, UTI AMC and SBI Mutual Fund as its fund managers for a three-year term

EPFO hikes interest rate on provident fund deposits to 8.65% for 2018-19; 6 crore subscribers to benefit: Govt
Business

EPFO hikes interest rate on provident fund deposits to 8.65% for 2018-19; 6 crore subscribers to benefit: Govt

The EPFO had provided a five-year low rate of interest of 8.55 percent to its subscribers for 2017-18.

EPFO trustees likely to raise ETF investment limit to 15% on 27 May
Business

EPFO trustees likely to raise ETF investment limit to 15% on 27 May

EPFO’s move to raise the investment limit in exchange traded funds to 15% from 10%, will help the retirement fund body park Rs15,000 crore in stock markets in FY18

Finmin wants to cut EPF rates by 50 bps: Will it give way to better investments?
Business

Finmin wants to cut EPF rates by 50 bps: Will it give way to better investments?

The Finance Ministry has been following the cost reduction approach in the process spurning and undermining the more demanding income-enhancement approach.

Provident fund body likely to hike monthly wage ceiling to Rs 25,000 on 19 December
Business

Provident fund body likely to hike monthly wage ceiling to Rs 25,000 on 19 December

EPFO had increased the wage ceiling to Rs 15,000 per month from Rs 6,500 on 1 September, 2014 in view of price rise and pay revisions in the formal sector.

Govt cuts interest rate on small post office schemes by 0.25%; PF to earn more
Economy

Govt cuts interest rate on small post office schemes by 0.25%; PF to earn more

The finance ministry said that small saving interest rates are perceived to limit the banking sector's ability to lower deposit rates in response to the monetary policy of the Reserve Bank of India.

EPFO to appoint fund managers tomorrow, may raise pension age to 60
Business

EPFO to appoint fund managers tomorrow, may raise pension age to 60

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

EPFO raises monthly wage ceiling to Rs 15,000; minimum pension now at Rs 1,000
Money

EPFO raises monthly wage ceiling to Rs 15,000; minimum pension now at Rs 1,000

The government's decision to fix pension entitlement of Rs 1,000 under the Employees' Pension Scheme 1995 (EPFS-95) will immediately benefit 28 lakh pensioners who get less than this amount at present.<br />

EPFO trustees to pay 8.75% interest on PF deposits for 2014-15
Money

EPFO trustees to pay 8.75% interest on PF deposits for 2014-15

The decision to retain the interest rate on the provident fund deposits at last year's level was taken despite some protest by the trade union members of the CBT

Cabinet approves minimum monthly pension of Rs 1,000 for pensioners
India

Cabinet approves minimum monthly pension of Rs 1,000 for pensioners

Government on Friday approved the proposal to ensure Rs 1,000 minimum monthly pension under a scheme of retirement fund body EPFO that would immediately benefit 28 lakh pensioners.

Good news! You're going to get more on PFs after EPFO fixes rate at 8.75%
Investing

Good news! You're going to get more on PFs after EPFO fixes rate at 8.75%

The EPFO has proposed an increase of service charges to Rs 75 and Rs 25 per month respectively for managing EPF and EDLI schemes for non-functional establishments having no contributory members.

Good news, EPFO may offer more than 8.5% interest this year
Economy

Good news, EPFO may offer more than 8.5% interest this year

Retirement fund body EPFO may announce higher interest rate on provident fund deposits for its over five crore subscribers in the current fiscal than 8.5 per cent that was provided in 2012-13.