Provident Fund

<!-- -->The interest rate on the deposits for 2022-23 will be sent to Ministry of Finance for concurrence. (File)New Delhi: Retirement fund body EPFO (Employees' Provident Fund Organisation) fixed 8.15 per cent  rate of interest on…

<!-- -->The EPFO has provided the facility to opt for higher pension to its subscribers till May 3, 2023. (File)New Delhi: The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund (EPF)…

EPF is a mandatory savings scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.For 2021-22, the government had approved a four-decade-low interest rate of 8.1 per cent on employee provident fund depositsThe…

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Edited By: Mohammad HarisLast Updated: March 09, 2023, 13:36 ISTInterest rates, tenure and tax benefits of both EPF and PPF are different.The EPF is open only for salaried employees in the private sector while the PPF is open to all in both…

Last Updated: March 07, 2023, 13:19 ISTThe Employees Pension (Amendment) Scheme.EPF scheme participants can withdraw amounts from their provident fund accounts by applying offline or online.The Employees’ Provident Fund (EPF) is a…

The Employee Provident Fund Organisation (EPFO) recently modified the Employees' Pension Scheme (EPS), allowing certain members to apply for a higher pension. The application deadline for this higher pension scheme has been extended till…

A view of people on a road after an earthquake in Antakya in Hatay province, Turkey, February 20, 2023. | Photo Credit: REUTERS New 6.4 magnitude earthquake hits Turkey’s Hatay provinceA 6.4-magnitude earthquake was recorded on February…

Last Updated: February 10, 2023, 15:15 ISTEPF savings create a corpus and also offer pension to the employees after their retirement.Individuals are not allowed to make full withdrawals of their EPF balance while transitioning between their…