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Highlights 8.5 percent rate of interest for 2019-20. Interest amount credited to several subscribers. New Delhi: The 228th meeting of the EPFO central board of trustees (CBT) to be held on March 4 may have some bad news in store for PF subscribers. As per a report in a Business daily, Employees’ Provident Fund Organisation (EPFO) subscribers are likely to get lesser interest rates for their PF in FY 2020-21. The Economic Times, quoting official sources said that the move may be necissiated following huge withdrawals and fewer contributions in the aftermath of the COVID-19 pandemic. EPFO has...

Highlights 8.5 percent rate of interest for 2019-20. Interest amount credited to several subscribers. New Delhi: About 4 million EPF subscribers are yet to receive the  8.5 percent interest on their PF account owing to mismatch of employee details in their KYC. The mismatch, reportedly has happened at the employers' end. A report published in the Mint said that some 8 to 10 percent of EPF subscribers have not recieved their interest payout for 2019-20 FY due to the said KYC Mismatch. On December 31, 2020, Modi government gave a big New Year gift to around six crore EPF subscribers who were ...

Highlights 4 sets of functionality. Facility on EPFO's unified portal. New Delhi: Employees' Provident Fund Organisation (EPFO) has launched electronic facility for PRINCIPAL EMPLOYERS to view EPF compliances of their contractors. The EPFO electronic facility for PRINCIPAL EMPLOYERS allows them 4 sets of functionality as mentioned below. - Now, EPFO registered employer engaging employees through contractor(s) can add the details of contractor(s) and contract employees at EPFO's unified portal - PRINCIPAL EMPLOYERS (PE) not registered with EPFO can register on unified portal to recieve login...

Highlights Apart from the mobile number, the members registered on the UAN portal may get their PF details by sending an SMS from their registered mobile numbers. EPFO subscribers, registered on the UAN portal, may get their PF details available with the Employees’ Provident Fund Organisation by giving a missed call at 011-22901406 from their mobile number registered with UAN. According to the EPF website - epfindia.gov.in, in an EPF account, an employee contributes 12 per cent of his or her salary towards the account, and an equal amount is contributed by the employer. There was good news...

Good news for EPFO subscribers: Modi govt's New Year bonanza, check details According to Live Mint, a notification in this regard was issued on January 4. Share Updated: Jan 8, 2021, 07:34 PM IST In what can only be categorised as a New Year bonanza to benefit crores of EPF subscribers, media reports have emerged which says that it has allowed Employees' Provident Fund Organisation (EPFO) and Exempted Provident Fund Trusts to invest in public sector debt ETFs (Exchange Traded Funds) like Bharat Bond ETF. According to Live Mint, a notification in this regard was issued on January 4. It is to b...