Page 4 - Provident Fund

PFRDA expects AUM of Rs 9 trillion by end of FY23, shows data

Amongst the newer assets, PFRDA has invested around Rs 1,100 crore in REITs and InvITs, accumulating better returns than all other categories

European cargo airline moves NCLT to acquire 3 Jet Airways aircraft

Fresh challenge for reviving Jet as union opposes sale of assets until employees get provident fund and gratuity

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

EPFO aims to invest more in equity for younger members, expand horizon

At present, EPFO is allowed to invest between 5-15 per cent of its investible deposits in equity instruments irrespective of the age or risk profile of its members

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

Top AMCs see share of less-profitable passive schemes double in 3 years

Of every Rs 100 AUM of top 10 fund houses, ETFs and index funds accounted for Rs 14 in the first quarter of FY23

EPFO likely to set up offices in Latin America, Africa soon: Report

With the new offices in other continents, the organisation is aiming to help the smaller countries in the region to develop their own social security

Bad loan recovery process can get worse

Apart from creating a distinction between financial creditors and operational creditors, the latest Supreme Court judgment also leads to the creation of a new category of default - temporary default

How has EPFO's equity investment experience been?

From investing in traditional instruments, the Employees' Provident Fund Organisation (EPFO) has been exploring the virtues of markets for a while now. Is the statutory body's move bearing fruits now?

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

Returns on small savings remain attractive despite no rate reviews

Investors who want to avoid their long lock-in can choose from a host of other high credit quality options

EPFO adds 1.7 mn net subscribers in April, an increase of 35% YoY

Out of the total 17.08 lakh subscribers added during the month of April, around 9.23 lakh new members have come under the social security cover of EPF and MP Act, 1952, for the first time.

How to file EPFO e-nomination online via UAN; check steps and features

There is no deadline for filing e-nomination and it isn't mandatory for filing advance claims; but it speeds up online claim settlement by nominees

EPFO e-Passbook: How to download, check balance and other details

The current EPF interest rate is 8.1%

How changes in EPF rules may affect you?

Parking money into the govt's retirement fund has become less attractive. After effecting interest rate cut, the EPFO is now levying TDS on interest earned on contributions above Rs 2.5 lakh

TDS will not apply to EPF balance till FY21: Here's what experts suggest

If EPF account is linked to PAN, 10% TDS rate will apply, else 20%

Today's realities dictated interest rate cut on employee PF, says FM in RS

8.1% rate better than interest rate on small saving deposits, says FM in Rajya Sabha

Explained: How is EPF interest calculated?

EPFO is India’s largest retirement fund, where both employers and employees make contributions. Watch the video to learn how it is calculated

Provide funds to Delhi municipal corporations as well: Sisodia to Centre

The Arvind Kejriwal government on Thursday demanded that the Centre allocate funds to Delhi municipal corporations also as it does in the case of the civic bodies in states. Deputy Chief Minister Manish Sisodia raised the demand at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman, the Delhi government said in a statement. "The national capital is the face of the country, but today the municipal corporations in Delhi are facing acute shortage of funds and are not able to maintain the cleanliness and development in the capital. Therefore, funds should be provided to the municipal corporations of Delhi like (funds are provided to civic bodies) in other states," the statement quoted Sisodia as saying in the meeting. The Deputy chief minister noted that the 15th Finance Commission allocated grant-in-aid of Rs 4,36,361 crore for the local bodies for 2021-2026. "But the local bodies of NCT of Delhi were omitted from this on a technical ground that only states

Soon, you won't have to transfer EPF account on job change; here's how

This will ensure that employees no longer have to transfer the money in their provident funds when they change jobs