Page 6 - Provident Fund

EPFO sees three-fold rise in provident fund withdrawal claims through app

The Union Labour and Employment Ministry said in a statement that the EPFO received 1.1 million claims between April and July 2020 through the UMANG mobile application

EPFO allows regional offices to settle PF claims from other centres

Since April 1, EPFO has been settling claims for withdrawal of special Covid-19-related advances within three days. It has settled over 80,000 claims amounting to Rs 270 cr on daily basis since April

EPFO launches multi-location claims settlement facility to expedite process

The facility will bring a paradigm shift by allowing EPFO offices to settle online claims from any of its regional office across the country, the labour ministry said in a statement.

RBI stops 7.75% bond: Here're some fixed-income options for senior citizens

PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to

Diversify your investments beyond bank FDs to counter declining rates

Invest in a mix of small savings products, debt funds with quality portfolios to counter declining rates

Net enrolments with EPFO dip to 5.72 lakh in March from 10.21 lakh in Feb

The data also showed that during September 2017-March 2020 period, the number of net new subscribers was around 1.55 crore

Good time to opt for voluntary provident fund to enhance returns

Liquidity is an issue, but it scores on other parameters

Govt may soon allow firms to delay EPF contributions or pay in installments

EPFO CEO tells companies they are legally obliged to make provident fund contribution on basic pay of up to Rs 15,000

It's a better option to take advance EPF than a loan during tough times

The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus

Covid-19 impact: NLC, TCS employees top EPF advance withdrawal list

The top firms which saw the highest amount of applications for EPF advance withdrawal were TCS (9,373 employees), HCL Technologies (6,938) and NLC (3,255)

Is there insurance for job loss in India? Here's what expert says

Kartik Jhaveri answers all your financial planning queries

L&T moves Bombay HC to secure provident funds exposure to YES Bank

Infra giant has Rs 100 crore of exposure to bank's AT-1 bonds

EPFO cuts rate on employee provident fund to 7-year low of 8.5% for FY20

The EPFO had given an interest rate of 8.65% in the previous financial year to roughly 170 million subscribers

Explained: How concentrated index makes CPSE ETF risky for investors

Among the positives of the offer, the Nifty CPSE Index's valuations are more reasonable than that of front line indices

UP Police arrest two officials of brokerage firm SMC in Rs 4,122-cr PF scam

Enforcement Directorate is probing the money-laundering angle in the scam

Owners of bogus brokerage involved in Rs 4,122 cr DHFL case held in UP

With these two arrests, the number of accuses so far been arrested by the EOW has risen to 14, including three serving or suspended UPPCL officials

UP cops arrest owners of bogus brokerage involved in Rs 4,122 cr DHFL scam

Total arrests by EOW in the case have risen to 12

Seven held in connection with Rs 2,600-crore UP provident fund scam

Over Rs 2,600 crore of the state power employees' provident fund (PF) was reportedly invested in the scam-hit Dewan Housing Finance Corporation Limited (DHFL).

Why do banks remain afraid of dealing with trade unions?

An industry wage pact is a bizarre performance appraisal as the benchmark for such a pact is the paying capacity of the weakest of banks

Rs 4,000 crore PF scam: Yogi govt underwrites 'illegal' investment in DHFL

The state has started the process of disinvesting the PF corpus in LIC Housing Finance and PNB Housing Finance