Central Board Of Trustees

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

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

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

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 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

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

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.

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 />

Govt approves Rs 1,000 minimum monthly pension under EPFO

The move will immediately benefit about 28 lakh pensioners including five lakh widows. There are 44 lakh pensioners.

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.