Pension commutation under EPFO from Jan 1

The labour ministry will soon issue a notification to restore pension commutation, or advance partial withdrawal, under the Employees’ Pension Scheme of the Employees’ Provident Fund Organisation (EPFO) from January 1, 2020. The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of […]

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New PPF Rules: Five Changes You Should be Aware of

The government recently notified new rules for public provident funds or PPF accounts for the benefit of account holders. PPF is one of the most popular small savings schemes and it offers a guaranteed return. PPF accounts have a maturity period of 15 years and the government announces interest rates for each quarter. For the current quarter, […]

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EPFO brings UAN registration, E-Inspection, Digi Locker facility, key things to know

Now you don’t need to depend upon your employer to obtain your universal account number (UAN). It may be noted that the Employee’s Provident Fund Organisation (EPFO) has launched this facility for the formal sector. As per the existing rules, employees have to apply through their employers to get the UAN, which enables them to […]

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EPF scam: DHFL crisis spreads, ex-MD of UP electricity distributor arrested

  The former managing director of Uttar Pradesh Power Corporation Limited (UPPCL), AP Mishra, has been arrested in connection with an investment of over Rs 2,600 crore of the state power firm’s Employees’ Provident Fund in scam-hit Dewan Housing Finance Corporation. The inquiry in the case was ordered by UP Chief Minister Yogi Adityanath. “Mishra […]

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EPFO Assistant Result 2019 Declared, Check Result, Cut-off & Mains Exam Date Here

Employees’ Provident Fund Organisation (EPFO) has, today, announced the result of  Phase-I (Prelims) written exam for the post of Assistants (Assistants Section Officer). A merit list has been prepared of the selected candidates in the exam. All those candidates who appeared in EPFO Assistant Exam can check the result on EPFO official website epfindia.gov.in. EPFO […]

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Post Office Plan: Double money guaranteed! Turn Rs 50,000 to Rs 1 lakh in 113 months – Here’s how

Post Office Kisan Vikas Patra Calculation and features: The humble post office near you is probably the only place that can guarantee to double your money. While investments in stocks and mutual funds can also double the money, probably in less time, risks associated with them keep small and vulnerable investors away. This is not […]

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EPFO starts crediting interest to provident fund accounts. Check balance online

Bringing cheer to over 6 crore PF subscribers before Diwali, the Employees’ Provident Fund Organisation (EPFO) has started the process of crediting interest to provident fund accounts. Several PF account holders have already received interest credit of 8.65% for the financial year 2018-19. The total interest outgo for EPFO comes to around ₹54,000 crore. The total […]

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