Retirement Fund
Recent Highlights
All Stories for Retirement Fund
Job creation slows as registrations with EPFO dips to four-month low in February
•New member registrations with the EPFO for its various schemes declined to a four-month low of 4,72,075 in February
PF interest rates lowered to 8.55% for FY18; ETF investments fetch a return of 20.65% so far, says labour minister
•Retirement fund body EPFO lowered the rate of interest on employees provident fund to 8.55 percent for its over 6-crore subscribers for 2017-18, from 8.65 percent in the previous fiscal.
From UAN to PF account seeding with Aadhaar, EPFO will provide all its services on smartphones
•In 2017, the EPFO embarked on a digital journey with an eye on providing almost all services on smartphones
Investing in mutual funds? These types of schemes will give you maximum returns
Rachit Chawla •Mutual funds are best option available in the market whether you planning for any short, medium or long term financial goal
ICICI Bank offers a 24X7 service to open PPF account online; becomes first lender in country to provide such facility
•ICICI Bank says it is first lender in country to introduce a fully digital and paperless procedure for opening a PPF account
EPFO relaxes Jeevan Parmaan life certificate submission rules for pensioners, makes facility available at banks
•EPFO says pensioners would have option of submitting digital or paper based certificate to pension drawing bank branches
Demonetisation may hit your PF returns; EPFO likely to cut rate to 8.5%, decision on 23 November, says report
Fp Staff •There is a plan to better the utilisation of equity investment by EPFO. This will help offset the rate cut only if the market rally continues
Finance Ministry okays 8.65% interest rate on EPF, to benefit 4 cr members
•According to EPFO estimates, the fund will see a surplus after providing 8.65 percent interest rate for the last fiscal.
EPFO retirement bonanza: Contributed for 20 yrs? You will get Rs 50,000 loyalty benefit
•According to the proposal, loyalty-cum-life benefit will be provided to all those members on retirement at 58 or 60 years who have contributed to the scheme for 20 years or more
EPF rate cut to 8.65%: Setback for employees but rate still better than most bank FDs
Fp Staff •The 8.65% rate is better than most bank FDs which are offering lower rates than this for various tenures