Page 2 - Epf

Scammers steal 1.83 cr from 11 EPF accounts using Aadhaar card details

The CBI has arrested a man for allegedly altering Aadhaar card details to withdraw Provident Funds of unsuspecting persons through online claims, officials said on Monday. Delhi-based mastermind Priyanshu Kumar allegedly orchestrated the fraud with the help of his gang, where he allegedly targeted individuals whose Aadhaar cards were not linked to their PF accounts, they said. The CBI has alleged that 11 Employees' Provident Fund (EPF) members were targeted through 39 fake claims and Rs 1.83 crore was siphoned off. The agency registered a case on February 8, 2022, against seven establishments and unidentified individuals on a complaint from the Employees' Provident Fund Organization (EPFO) related to alleged fraudulent activities involving identity theft aimed at illegally withdrawing funds from the PF accounts of genuine beneficiaries. The gang allegedly registered establishments in various cities like Nagpur, Aurangabad, Patna, Ranchi, in which PF coverage was taken online withou

How To Withdraw PF Advance Online? Here's A Step-By-Step Guide

Employees Provident Fund or EPF is a mandatory savings and retirement scheme for employees of an eligible organisation, which can be used as a corpus post-retirement.

Early withdrawal from EPF account: Conditions & limits

Can you touch PF before you retire? Yes. You can make a partial EPF withdrawal as well as an advance withdrawal under a special set of conditions. Let's understand the conditions and limits

Rules to returns: What to consider in opting for higher pension from EPS

Factor in both the size of your retirement corpus and the risks in this scheme before taking the leap

Rs 4,962 cr lying in inoperative accounts under EPF: Govt tells Lok Sabha

"As per paragraph 72(6) of the EPF Scheme 1952, certain accounts are classified as Inoperative Accounts. All such Inoperative Accounts, however, have definite claimants

Formal job creation declines 7.5% in January, hits 20-month low: EPFO

The number of new monthly subscribers under the Employees' Provident Fund (EPF) has declined by 7.5 per cent to 777,232 in January 2023 from 840,372 in December 2022

EPFO board likely to decide interest rate for FY23 on March 25, 26

Sources said that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe

Old pension scheme bad for India: PFRDA ex-boss Supratim Bandhyopadhyay

"The old pension scheme is like accepting a post-dated cheque of a bank that is bound to fail"

Over 91,000 retired employees apply for higher pension option: EPFO

However, the option to avail higher pension by the existing employees is still open till May 3

Explainer: New EPS rules and why higher pension will come at a cost

Employees need to weigh the pros and cons before opting for a higher pension; EPFO also needs to clarify how the higher contribution to EPS will be funded

Fresh formal job creation below 1 million for third month: EPFO data

Surprisingly, the number of new male subscribers fell more (14.9 per cent) than female (12.9 per cent) in December

Build diversified portfolio, don't chase the mirage of safe equity fund

There are three approaches investors may take as they decide their asset allocations

Top headlines: Wipro fires 452 freshers, Sodhi's exit from Amul and more

Business Standard brings you the top headlines at this hour

EPFO to appoint actuary firm for its pension and insurance schemes

The approved consultant will be empanelled with the EPFO headquarters in New Delhi for a tenure of three years

Supreme Court caps maximum pensionable salary at Rs 15,000 under EPS

Order gives employees four months to join

How to check pension status on EPFO portal: Here's a step-by-step guide

Any EPF pensioner can get the PPO number using either the bank account number or PF number

Manufacturing states see dip in net new EPF subscriptions in August

Net payroll additions, which are calculated taking into account new additions, number of exits, and return of old subscribers, has grown only slightly from 1,652,818 in July to 1,694,211 in August.

Gender disparity: Harder for women to re-enter job market, shows EPFO data

Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female

Jobs for 18-21 age group not so easy to get any more, shows data

A quarter would be retained for regular service. For this year, the upper age limit has been increased to 23

Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines