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PF DISBURSALS
EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...- 7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and moreThe Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fun...
- EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HCThe Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Providen...
- BoB now 'Pension Disbursing Bank' in West Bengal, to now disburse EPS pension in the stateBank of Baroda and EPFO partnered to disburse pensions in West Bengal. The agreement benefits pensioners through the bank's extensive netwo...
- These EPF members have started receiving interest payments for FY 2023-24; check EPFO’s statement, 4 ways to check EPF balanceEPF interest payment for FY2023-24: The Government of India has authorized and informed that interest rate for EPF members for the Financia...
- PF settlement made quicker: Timeline revised from 30 to 20 daysEmployees Provident Fund Organisation (EPFO) has revised from 30 days to 20 days, the timelines for settlement of PF, pension and insurance...
- 3 Aadhaar-related benefits for pensionersThe Aadhaar Card has made sure that the pension and PF payments are made directly to the pensioner's account and that beneficiaries are sti...
- EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system"A proposal for setting up a central pension disbursal system will be placed in the EPFO's apex decision-making body CBT in a meeting sched...
- EPFO settles 94.41 lakh claims worth Rs 35,445 cr during April-AugustRetirement fund body EPFO has settled 94.41 lakh claims totalling Rs 35,445 crore during April-August despite COVID-19 related restrictions...
- 8.2 lakh workers dip into retirement savings to survive in lockdownClaims settlement involves disbursal of total amount of Rs 4,684.52 crore which includes Rs 2,367.65 crore COVID claims under the PMGKY pac...
- EPFO settles Rs 7.40 lakh COVID-19 claims under PMGKY entailing an outgo of Rs 2367.65 crore"222 private sector establishments disbursing Rs 338.23 crores to 54,641 beneficiaries, 76 public sector establishments disbursed Rs 524.75...
- Exempted PF trusts disburse over Rs 481 crore under PM Garib Kalyan YojanaUnder the scheme, notified on March 28, members can avail non- refundable withdrawal to the extent of the basic wages and dearness allowanc...
- Aadhaar seeding to eliminate multiple PF accounts: OfficialAadhaar seeding and bank account linking will help do away with multiple provident fund accounts, once merger of accounts happens with the ...
- EPFO disburses over Rs 47,600 crore as member benefits in 2015-16"In 2015-16, EPFO disbursed approximately Rs 47,630 crore as member benefits and Rs 8,200 crore as monthly pensions," it said in a statemen...
- EPFO comes of age: Enters stock market, embraces technologyEPFO also took baby steps to the stock market and began investing a small portion of its corpus in exchange traded funds.
- Aadhaar details not mandatory for PF transactions: GovernmentThe minister said that Aadhaar card is issued to resident of India. The Unique Identification Authority of India (UIDAI) has adopted multi-...
- EPFO settles 10 lakh PF claims in January this yearEPFO today said that it has around 10 lakh claims like PF withdrawal, in January and out these almost 90 per cent applications were settled...
- Centre moves SC for modification of order on Aadhar cardThe Centre moved the Supreme Court seeking modification of an earlier order which said Aadhar card is not mandatory and no person should be...
- PF Primer: EMI & Tax BenefitsEMIs, or equated monthly instalments, have become a part of most of our lives. Right from a house, to a car or even an LCD is available on ...
- PF withdrawals rise in shaky job marketThe fallout from the economic slowdown is now being felt in the corridors of provident fund (PF) offices. As an increasing number of the un...
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