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Govt ratifies interest rate at 8.25 pc on employees’ provident fund for FY25

by AIP Online Bureau | May 24, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. Now the interest amount as per the rate ratified for...
EPFO adds 16.10 lakh net members in Feb

EPFO adds 16.10 lakh net members in Feb

by AIP Online Bureau | Apr 21, 2025 | Data, Eco/Invest/Demography, Pension & Social Security

A noticeable aspect of the data is the dominance of the 18-25 age group, which accounted for 4.27 lakh new subscribers in February 2025. This segment constituted a significant 57.71 per cent of the total new subscribers added during the month New Delhi: Retirement...
Govt appoints IRDAI’s Randip Jagpal and EPFO’s Sanjay Pandey as Members of PFRDA

Govt appoints IRDAI’s Randip Jagpal and EPFO’s Sanjay Pandey as Members of PFRDA

by AIP Online Bureau | Apr 4, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Regulation

Earlier in the week, the government appointed Deputy CAG S Ramann as Chairperson of PFRDA for a five-year term New Delhi: The government, on Thursday, has appointed Randip Singh Jagpal, executive director at IRDAI, and Sanjay Pandey, financial adviser and chief...
EPFO adds 16.10 lakh net members in Feb

EPFO achieves a historic high of 21.6 million claim settlement as on March 6

by AIP Online Bureau | Mar 17, 2025 | Data, Eco/Invest/Demography, Pension & Social Security, Policy, Regulation, Technology

At present, 96 per cent corrections are being done without any EPF office intervention, and over 99 per cent claims are received through online mode New Delhi: Retirement fund body EPFO settled a record number of 21.6 million claims through the autonomous process in...
Employees Provident Fund Organisation (EPFO) will soon launch the “EPFO 3.0 version,”with ATM withdrawal

Employees Provident Fund Organisation (EPFO) will soon launch the “EPFO 3.0 version,”with ATM withdrawal

by AIP Online Bureau | Mar 7, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Technology

“In the coming days, EPFO 3.0 version will come. This means EPFO will become equivalent to a bank. Like how transactions are carried out in a bank, you (EPFO subscribers) have your Universal Account Number (UAN) and you will be able to do all your work,”...
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