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...
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...
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,”...
by AIP Online Bureau | Feb 28, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation, Risk Management, Workplace/Employee Benefits
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
by AIP Online Bureau | Jan 4, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
The Centralized Pension Payments System (CPPS) is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement...
