EPF Member can withdraw 90% fund for purchase of house

EPF Member can withdraw 90% fund for purchase of house Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House The Government has taken a decision for modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to add a new paragraph 68 BD under which … Read more

CBT recommends 8.65% interest on EPF

CBT recommends 8.65% interest on EPF Press Information Bureau Government of India Ministry of Labour & Employment 19-December-2016 16:54 IST Shri Bandaru Dattatreya chaired the 215th meeting of the Central Board of Trustees (EPF) CBT recommends 8.65% interest on EPF to its subscribers for the year 2016-17 The Minister of State for Labour and Employment … Read more

Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement

Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement Payment of Statutory Contributions Henceforth only through Internet Banking The Prime Minister of India during the PRAGATI review meeting held on 26th October desired that claims related to death cases be prioritized and expedited and retirement … Read more

Minimum wage ceiling under the EPF could soon be raised to Rs 25,000

Minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF The minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000. The minimum … Read more

EPFO – Benefit of two years weightage of service to the members with 20 or more years of Pensionable Service under Employees’ Pension Scheme, 1995

Benefit of two years weightage of service to the members with 20 or more years of Pensionable Service under Employees’ Pension Scheme, 1995 EMPLOYEES’ PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt. of India) Head Office Bhavishya Nidhi Bliawan, 14, Bhikaji Cama Place, New Delhi – 110 066. Letter No. Pension-I/3(4)16/2/15850 Dated 20 Sep … Read more