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Provident Fund

10 Steps To Follow To Add A New Nominee To Your EPFO Account

Dec 29, 2021 Outlook Money Team

The account holders of EPFO have to add a new nominee before December 31 to avail of various benefits. They can log in to their account online and add the new nominee.

PPF, NSC, SCSS: Falling Interest Rates in 2021 Hit Senior Citizens Hard

Dec 18, 2021 Meghna Maiti

Falling interest rates in small savings schemes such as PPF, NSC and SCSS can leave senior citizens with a lower retirement corpus and regular income.


Things To Keep In Mind While Filling Tax Declaration Form

Two things one should keep in mind while filling tax declaration to avail tax exemption and deduction. Failing to declare the investments and expenses may lead to high TDS.

EPF Account Transfer To Become Automatic Soon On Change Of Jobs

Nov 24, 2021 Meghna Maiti

The EPF account number will continue to remain the same even after the job change. Currently, the UAN number remains the same but the EPF account number changes.


EPFO Alert! You Won’t Be Getting PF Money If You Fail To Follow This Rule

The labour ministry made amendments to Section 142 of the Code of Social Security 2020 to implement this new rule.

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21 June, 2021

PF Withdrawal Rule Change: EPF Updates You Should Know; How To Apply

Outlook Web Bureau

Recently, EPFO allowed the subscribers to withdraw money from their Provident Fund (PF) accounts as non-refundable advance.


04 March, 2021

EPFO Fixes 8.5% Interest On EPF Deposits For 2020-21

PTI

EPFO has more than five crore active subscribers.


22 February, 2021

Union Budget 2021: Here's How New PF Rules May Impact You

Outlook Web Bureau

It is noticed that minimum 12% of an employee's performance wages and basic salary is compulsorily deducted as provident fund, while the employer contributes another 12%.


31 December, 2020

Labour Ministry Notifies Provident Fund Rate Of 8.5% After Nod From Finance Ministry

PTI

Earlier in September, the EPFO had decided to split 8.5 per cent interest into two instalments of 8.15 per cent and 0.35 per cent


20 May, 2020

Employees' PF Contribution Can Go Higher Than 10%, Not Of Employers: Labour Ministry

PTI

The ministry on Monday notified lower rates of provident fund contribution at 10 per cent, increasing the in-hand salary of 4.3 crore provident fund subscribers.


13 May, 2020

Take Home Salaries To Increase As Govt Reduces EPF Contribution To 10%

Outlook Web Bureau

The scheme for lower EPF contribution will be applicable to workers who are not eligible for 24 per cent EPF support under the PM Garib Kalyan Package and its extension.


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01 April, 2020

Lower Interest Rates On Savings & Provident Funds Might Push Investors To Seek Alternate Avenues

Lola Nayar

The PPF interest rate of 7.1 per cent, down from 7.9 per cent, is the lowest in four decades, and the fixed and recurring deposit rates are the lowest since 1991.


01 April, 2020

Govt Cuts Interest Rates On PPF, Other Small Savings Schemes

Outlook Web Bureau

The interest rate on the five-year term deposit has been reduced to 6.7 per cent from current rate of 7.7 per cent.


05 March, 2020

EPFO Slashes Interest Rate On Deposits From 8.65% to 7-year Low Of 8.5%

PTI

The Employees' Provident Fund Organisation (EPFO), which has around six crore subscribers, had provided 8.65% rate of interest on EPF for 2018-19.


16 October, 2018

Govt Hikes GPF Interest Rate To 8% For Oct-Dec Quarter

Outlook Web Bureau

The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.


27 April, 2018

EPFO Interest Rate At 5-Year Low As Finance Ministry Okays 8.55% For 2017-18

Outlook Web Bureau

The finance ministry's approval came more than a month after it wrote to the labour ministry raising a few questions over the EPFO trustees’ decision to give 8.55% interest rate in 2017-18


28 February, 2018

For Provident Fund Withdrawal Above Rs 10 Lakh, Now You Have To Make Online Claims

Outlook Web Bureau

The EPFO has also made it mandatory to file online claims for withdrawals of above Rs 5 lakh under the Employees Pension Scheme 1995


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22 February, 2018

EPFO Lowers Interest Rate To 8.55 Per Cent, Lowest In Five Years

Outlook Web Bureau

After the CBT's decision on interest rate, the proposal is vetted by the finance ministry. Once approved by the finance ministry, the rate of interest is credited into subscribers' account.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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