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The Minister of State for Labour and Employment (Independent Charge), Shri Bandaru Dattatreya visiting the Global Network Operations Centre (g-NOC) of Employees Provident Fund Organisation (EPFO), in New Delhi on February 10, 2016.
The Minister of State for Labour and Employment (Independent Charge), Shri Bandaru Dattatreya visiting the Global Network Operations Centre (g-NOC) of Employees Provident Fund Organisation (EPFO), in New Delhi on February 10, 2016 (Image Courtesy: pib website)

PROVIDENT FUND: Interest rates on PPF, other savings to be lower from April 1 …

Interest rates on PPF, other savings to be lower from April 1
Government wants PF cover in 10-worker units
Online transfer of PF accounts likely to start from August 15
Provident Fund commissioner’s duty to settle dues
More …

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Interest rates on PPF, other savings to be lower from April 1   

Timesofindia.indiatimes.com
Mar 31, 2016
NEW DELHI: Interest rate on small savings schemes, including Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and senior citizen deposits, will be cut by up to 1.3 per cent from Friday (April 1) as the government moves towards quarterly alignment of rates with the market. …
More: MOF O.M. dated 18.03.2016 – Revision of interest rates for Small Savings Scheme >>> Other Govt Orders

Government wants PF cover in 10-worker units    

Economictimes.indiatimes.com
March 11, 2016
NEW DELHI: Companies employing 10 or more workers may soon have to pay provident fund, a move aimed at increasing the coverage of the Employees’ Provident Fund (EPF) scheme and in line with the government’s plan to ensure social security to a larger section of workers. …

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Online transfer of PF accounts likely to start from August 15  Times of India

Jul 28, 2013

NEW DELHI: Retirement fund body EPFO is likely to start online transfer of PF accounts on changing jobs by this Independence Day on August 15, a move that would benefit over 13 lakh such applicants every year.

The Employees’ Provident Fund Organisation (EPFO) has started registering digital signatures of employers from Thursday which is a prerequisite for providing the facility and is expecting an overwhelming response from employers. …

Provident Fund commissioner’s duty to settle dues

Jun 18, 2013

MUMBAI: The Regional Provident Fund Commissioner should take action against any company that has not deposited the dues of a beneficiary and try to recover the money, the state consumer disputes redress commission has said. …

Contribution Cards for CPF Subscribers

Aug 13, 2012

There are 11.18 Crore member accounts with Employees’ Provident Fund Organisation (EPFO) as on 07.08.2012. An e-Passbook facility, which can serve as Contribution Card, has been provided to EPFO subscribers. Members can access all the entries in their account with the facility to take a print out of their account statement.

The e-Passbook facility is already implemented in EPFO w.e.f. 20.07.2012. As the facility is being provided electronically, it is free of cost to the EPF subscribers.

The above e-Passbook facility is available for all the EPF members working in both organized as well as unorganized sectors.

There are 11.18 Crore member accounts with Employees’ Provident Fund Organisation (EPFO) as on 07.08.2012. An e-Passbook facility, which can serve as Contribution Card, has been provided to EPFO subscribers. Members can access all the entries in their account with the facility to take a print out of their account statement.

The Union Labour & Employment Minister Shri Mallikarjun Kharge gave this information in a written reply in Lok Sabha today.
(Courtesy: pib press release)

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