Employee Provident Fund

MoF declares 8.5% interest on PF deposits

The Ministry of  Finance has approved payment of 8.5%  rate interest for 2012-13, up from 8.25% in the previous fiscal. The related circular is provided here. ***** Employees™ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) ( Head Office) Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-110066  No. Invest.I/3(2)/133/ ROI/2012-13/4462,   Dated: 15.05.2013 Subject:       Declaration of Rate of Interest for… Read More

Tags: Central GovernmentEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentGovernment of IndiaIndiaMinistry of Labour & EmploymentNew Delhi

Govt initiatives for providing details to PF Account Holders

There are no dormant accounts in Employees™ Provident Fund Organisation (EPFO). However, as per provision of para 72(6) of the Employees™ Provident Funds (EPF) Scheme, 1952, a member™s account under certain condition is classified as Inoperative Account. All such Inoperative Accounts have a definite claimant. As per Para 73(1) of the EPF Scheme, 1952, a… Read More

Tags: Employee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFEPFOProvident Fund OrganisationRajya Sabha

Ministry Clarification on DA to EPF Pensioners with meagre pensions

As per the statistics available upto  31.03.2012, the number of pensioners receiving pension less than Rs. 500/- p.m. is around 12 lakh and those receiving more than Rs. 500  and less than Rs.1000/- is around 16.05 lakh. A number of representations have been received against meager pension and demanding increase in the pension. In order to address this issue, the Government of India constituted… Read More

Tags: Board of directorsCBTCentral GovernmentEmployee Provident FundEPFGovernment of IndiaPension fundRupee

Functioning of Employees™ Provident Fund

As on 31.03.2012, the total members of Employees™ Provident Fund are 8.55 crore and pensioners under Employees™ Pensions Scheme are 41.03 Lakh. The present composition of Central Board of Trustees (CBT), Employees™ Provident Fund (EPF) is Annexed. The composition of the CBT, EPF is as per Section 5A of the Employees™ Provident Fund & Miscellaneous Provisions Act, 1952. As… Read More

Tags: Board of directorsCabinet of IndiaCBTCentral GovernmentEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEPFGovernment of India

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