by AIP Online Bureau | Jul 30, 2022 | Indian News, Pension & Social Security, Technology
Union Minister of Labour and Employment Bhupender Yadav who also chairs EPFO’s apex decision-making body the Central Board of Trustees launched the face authentication technology for pensioners and stated a labour ministry statement New Delhi: EPFO launches face...
by AIP Online Bureau | Jul 18, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits
The proposal to revise the limit to 20 percent has been vetted and approved by the Employees’ Provident Fund Organisation’s (EPFO) advisory body Finance Audit and Investment Committee (FAIC) New Delhi: Retirement fund body EPFO is likely to approve this...
by AIP Online Bureau | Jul 10, 2022 | Indian News, Pension & Social Security, Policy
”A proposal for setting up a central pension disbursal system will be placed in the EPFO’s apex decision-making body Central Board of Trustees (CBT) in a meeting scheduled on July 29 and 30,” a source told PTI The source said that the CBT will also...
by AIP Online Bureau | Mar 22, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Workplace/Employee Benefits
Finance Minister Nirmala Sitharaman cited the comparative prevailing interest rates of other schemes saying Sukanya Samriddhi Yojana offers 7.6 per cent, Senior Citizen saving scheme (7.4 per cent) and PPF (7.1 per cent), while SBI’s 5-10 year fixed deposits...
by AIP Online Bureau | Mar 12, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Wealth Management/ Philanthropy
Now, after the CBT decision, the interest rate on EPF deposits for 2021-22 will be sent to the Ministry of Finance for concurrence. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry New Delhi: Retirement fund...
