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Central Board of Trustees News

20 Feb 2022

EPFO mulling new pension plan for employees getting over Rs 15K basic wage

The proposal on this new pension product could come up for discussion in the meeting of Central Board of Trustees. A sub-committee constituted by the CBT on pension related issues in November 2021 would also submit its report. The EPFO had amended the scheme in 2014 to cap monthly pensionable basic wages to Rs 15,000.

13 Feb 2022

EPFO subscribers, Alert! Decision on interest rate for 2021-22 soon

EPFO issued directions to field offices to credit the interest income at 8.5 per cent for 2020-21 into the subscribers' account. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry. In March 2020, EPFO had lowered interest rate on provident fund.

23 Nov 2021

EPFO Update: Now employees won’t have to transfer PF; here’s why

Even if a person changes positions after the relocation to the C-DAC to create the systems, their provident fund number will remain the same. The Central Board of Trustees (CBT), EPFO's ultimate decision-making authority, made this decision at its 229th meeting. The Board voted to allow the Finance Investment & Audit Committee (FIAC) to decide on investment choices on a case-by-case basis for all such asset classes.

04 Mar 2021

Provident Fund Update: EPFO retains interest rates at 8.5 per cent for FY 2021

Retirement fund body EPFO on Thursday (March 4) decided to retain an 8.5 per cent rate of interest on provident fund deposits There were speculations that the EPFO would lower interest on provident fund deposits EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20

03 Mar 2021

Bad news for 6 crore PF subscribers, interest rate to reduce for FY 2021

The interest rate on EPF was 8.5 per cent in the financial year 2020, which is the lowest in 7 years. The EPFO Central Board of Trustees (CBT) will meet tomorrow on Thursday (March 4) to decide on the new rates. The Employees' Provident Fund has 6 crore subscribers across the country.

Central Board of Trustees

28 Feb 2018

Check out retirement-related schemes of government

Check out retirement-related schemes of the government which we should first compare with other plans before making any investment.

21 Feb 2018

EPFO lowers interest rate to 8.55 percent for 2017-18

Retirement fund body EPFO on Wednesday lowered the rate of interest on employees provident fund to 8.55 percent.

05 Jul 2017

EPFO to now invest Rs 3K crore in AA+ rated corporate bonds

Retirement fund body EPFO has decided to invest in corporate bonds in the AA+ investment grade, a notch lower than the earlier norm of AAA, a move that will help it park around Rs 3,000 crore per annum in such securities.

Central Board of Trustees

27 May 2017

EPFO: CBT rejects proposal to reduce PF contribution to 10%

The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday turned down the proposal to reduce the mandatory contributions from workers and employers to 10 percent.

19 Mar 2017

EPFO may invest up to 15% of investable amount in equity markets

Buoyed by the surging stock markets, the Employees Provident Fund Organisation (EPFO) may propose to invest up to 15 per cent of its investable amount in equity markets during the next fiscal, Union Labour Minister Bandaru Dattatreya said.

18 Nov 2016

Soon, EPFO to hike minimum salary limit for maintaining PF account to Rs 25,000 per month

The Employees Provident Fund Organisation (EPFO) is likely to hike the limit for compulsorily maintaining a PF account to Rs 25,000 from the existing Rs 15,000.

Employees Provident Fund Organisation

11 Sep 2016

Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16

Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.

25 Jun 2016

Seven companies in race to manage EPFO's equity investments in FY17

Seven asset managers -- SBI Mutual Fund, ICICI Prudential, Reliance Capital, HDFC, LIC, UTI and Kotak Mahindra -- are in the race to manage retirement fund body EPFO's investment in stock markets in the current fiscal.

EPF ineterest rate

29 Apr 2016

EPF interest rate: Nationwide protest by trade unions today

Trade unions on Friday went on a day-long nationwide protest against Finance Ministry's decision to fix 8.7 percent interest rate for provident fund subscribers, lower than 8.8 percent decided by the EPFO.

28 Mar 2016

3-yr insurance after job cessation on cards for EPFO members

Retirement fund body EPFO is likely to approve tomorrow a proposal to provide insurance cover to its subscribers for three years after cessation of employment

Retirement fund body

22 Nov 2015

Provident fund body to invest additional Rs 750 crore in ETFs in FY16

Retirement fund body EPFO is likely to invest Rs 5,750 crore in stock market funds in the current fiscal, as against the earlier plan of Rs 5,000 crore.

06 Nov 2015

EPFO trustees may fix interest on PF for 2015-16 on Nov 24

Retirement body EPFO's trustees are likely to consider and approve a proposal to fix rate of interest on PF deposits for over five crore subscribers for the current fiscal in their meeting scheduled on November 24.

08 Sep 2015

EPFO may allow pledging PF contributions to buy low-cost house

EPFO's trustees will consider a proposal to allow its subscribers to pledge their future PF contribution to buy low cost houses, in a meeting scheduled on September 16.

18 Mar 2015

EPFO sets up expert group to consider housing scheme

Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.

21 Dec 2014

EPFO expected to receive Rs 79K cr as contributions in 2014-15

Retirement fund body Employees Provident Fund Organisation (EPFO) has estimated over 14 percent increase in its incremental deposits this fiscal at Rs 79,377 crore.

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