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EPFO's investment in ETFs at Rs 86,966 cr till September

The Employees' Provident Fund Organisation (EPFO) is investing in ETFs (Rs 86,966 crore) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. Labour Minister Santosh Gangwar told the Lower House that the EPFO does not invest in shares and equities of individual companies.

Got EPF account related problem? Here's how to file a complaint

If you have a grievance related to your PF account like withdrawal, transfer and so on, then EPFO has a dedicated website called 'EPF I Grievance Management System' where you can file such complaints. You can also file them if you do not have UAN.

EPF scam: Former UPPCL MD AP Mishra arrested

"Mishra has been arrested... Economic Offence Wing of the state police is probing the matter and strict action will be taken against those involved in this case," Uttar Pradesh Director General of Police OP Singh told.

12.23 lakh new jobs created in September: ESIC payroll data

The NSO report is based on the payroll data of new subscribers of various social security schemes run by the ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA). It has been releasing the payroll data or new subscribers data of these three bodies since April 2018, covering a period starting from September 2017.

Akhilesh "opened gate of corruption" by okaying UPPCL EPF's investment in DHFL: UP government

Facing opposition's attack over the investment of the part of the UP power corporation employees' provident fund in DHFL, the Uttar Pradesh government sought to set the records straight, asserting that the "dubious" decision was taken by Akhilesh Yadav government in April 2014 and the process of investment was further carried forward during 2016.

How to activate UAN for your EPF account

To access various services on the EPFO's member sewa portal, your UAN must be activated. Here's how to do it.

Family finance: Prakashs need to speed up investment, revamp insurance portfolio to achieve goals

For retirement, the couple has estimated a need of Rs 4.6 crore in 12 years and can assign their EPF, NPS, stocks and mutual funds. Their other goals include building an emergency corpus, taking a vacation and saving for their son’s wedding.

How long can you keep your money in EPF account after leaving your job?

Employees Provident Fund is backed by the government and offers a guaranteed rate of return. EPF account subscriber will continue to earn interest on his/her account balance till the age of 58 years even after leaving his/her employment.

EPF Nomination Rules: Getting married makes your EPF, EPS nomination invalid

As per EPF scheme rules, once you get married the previous nomination made by you automatically becomes invalid in your PF and EPS account.

How to make nomination online in your EPF account

The e-nomination facility can be used by those account holders whose Aadhaar is linked to their EPF account and verified on the member sewa portal.

How to estimate cost of lifelong care for child with special needs

Financial planning for a child with special needs is incomplete without a target corpus that would take care of the financial needs of the child. An expense sheet or financial planning sheet will not be enough for all the calculations and planning.

RSS-affiliated trade union rejects proposed EPF amendment

BMS also opposed reduction of PF contribution rate from 12% to 10% and giving arbitrary power to government to fix rates.

Do not share your personal details, bank account, UAN over phone, warns EPFO

EPFO is warning members via its website and social media handles regarding fake phone calls and is also advising them not to share personal details like PAN, Aadhaar, bank account or EPF account details like Universal Account Number (UAN).

E-nomination facility for EPF account holders launched

A member can avail of the e-nomination facility by logging in to their account on the EPFO's member sewa portal.

Labour Ministry notifies 8.65% interest rate on EPF for 2018-19

The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts at a higher rate of 8.65 per cent for 2018-19.

Didn't transfer power employees' PF to DHFL: Akhilesh

Samajwadi Party chief Akhilesh Yadav denied the allegations that put him under scanner for transferring UP power employees' provident fund to scam-hit housing finance company DHFL. Over Rs 2,600 crore of the state power employees' provident fund was reportedly invested in the scam-hit DHFL, prompting the state government to order a CBI probe

Family finance: Headstart in financial planning gives Sadekars enough time to meet goals

A headstart in planning gives Pune-based Sadekars a long time horizon despite deferring some goals. Their goals include building an emergency corpus, saving for their future child's education and wedding, buying a car and building a retirement kitty.

Govt plans to amend EPF: Allow switch from EPS to NPS, protect PF dues in case of bankruptcy

Here is a look at the three major changes proposed in the EPF Act as per the draft bill.

8.65% interest on EPF to be notified soon: Labour Minister

In February, the Central Board of Trustees, headed by the labour minister, had decided to raise the interest rate on EPF to 8.65% for 2018-19.

Family finance: Kolkata-based Sarkars need to defer few goals, revamp insurance portfolio

Kolkata-based Sarkars will have to defer some of their goals and revamp the insurance portfolio. Their goals include building an emergency corpus, buying a car and a house, taking a vacation, saving for the child’s education, wedding, and retirement.

13.08 lakh new jobs created in August: ESIC payroll data

The report said that since the number of subscribers are from various sources, there are elements of overlap and the estimates are not additive. The NSO also said the report does not measure employment at a holistic level.

EPFO members may get an option to draw pension after 60

The proposal to increase the superannuation age is expected to help a beneficiary grow his/her pension kitty.

Govt notifies 8.65% interest rate for over 6 crore EPFO members for 2018-19

The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65 per cent for 2018-19.

Does my DIY mutual fund portfolio need any changes?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ELSS funds to create education corpus for children

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Family finance: Navi Mumbai-based Santosh should align investments to achieve goals with ease

Their goals include building an emergency corpus, saving for their future child's education and wedding, buying a car and building a retirement kitty.

Stopped working before completing 5 years? Your EPF could be taxable

The taxation is triggered in the year of withdrawal; however, the tax is computed as per the mechanism laid down in Rule 9 of the Fourth Schedule to the Act.

Family Finance: High surplus will help Rawats' achieve their money goals

Bengaluru-based Rawats should put their high surplus to work to achieve all their goals.

Family finance: Goyal should link investment to goals, increase insurance cover

Kolkata-based Sandip Goyal's goals include building an emergency corpus, buying a house, saving for the child’s education and wedding, and retirement.

Over 6 crore EPFO members to get 8.65% interest for 2018-19: Labour minister

"...ahead of the festival season, over 6 crore EPFO subscribers would get 8.65 per cent interest for 2018-19," said Labour Minister Santosh Gangwar.

Finance Ministry ratifies 8.65% interest on EPF for 2018-19

Earlier in February, the Central Board of Trustees had decided to raise the interest rate on EPF to 8.65 per cent for 2018-19.

EPFO invites application for posting employees in Jammu, Kashmir, and Ladakh

A decision to start operations in Jammu, Kashmir and Ladakh was taken at the 225th meeting of the Central Board of Trustees of EPFO.

14.24 lakh new jobs created in July: ESIC payroll data

Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, National Statistical Office (NSO) said in a report.

Family finance: How salaried Suresh should invest to achieve his money goals

Suresh's goals include building a contingency corpus, buying a house, taking an annual vacation, saving for his future child’s education and wedding, and his retirement.

Family finance: Mehrotra's lack of surplus means he will have to defer some goals

Saket Mehrotra is a 26 year-old CA from Kolkata. His goals include building emergency corpus, buying a car and house, taking an annual vacation, saving for his future child’s education and wedding, own retirement. Here's what the financial planner recommends.

I don't plan on working again. How long can I keep money in my EPF account?

Usually, an EPF account remains operative till the beneficiary turns 58. However, there are certain tax implications that one must be aware of.

EPF transfer on job change to become automated from next fiscal

EPFO subscribers won't require to file provident fund claims from next fiscal when they change jobs.

EPFO to take action against firms not factoring special allowance for EPF computation

The apex court in its judgement has ruled that special allowance is part of the basic wages for computing the employees provident fund (EPF).

EPFO to take action against firms not factoring special allowance for EPF computation

The apex court in its judgement has ruled that special allowance is part of the basic wages for computing the employees provident fund (EPF).

Family finance: Why this salaried couple will have to put off some of their financial goals

This Bengaluru-based couple has many financial goals. According to the financial planner, they will have to increase their equity exposure and secure their risks.

Govt hikes EPF interest rate to 8.65% for FY18-19

The Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) has recommended increasing the interest rate on Employees' Provident Fund for 2018-19 to 8.65% as against 8.55% in the preceding year. The move, once approved by the finance ministry will benefit six crore EPFO subscribers.Govt hikes EPF interest rate to 8.65% for FY18-19

Domestic help, others may get PF benefits

The move follows the Pradhan Mantri Shram Yogi Maan Dhan pension scheme unveiled for unorganised sector workers.

Family finance: Why the Dutts need to increase equity in their investment portfolio

The couple's goals include building a contingency corpus, buying a car, saving for their child’s higher education and wedding, and their own retirement.

EPFO to invest 50% each in Nifty and Sensex

At present, 75 per cent of the funds are allocated to Nifty and rest to the Sensex.

Market Movers: What changed for D-Street while you were sleeping

Here is breaking down the pre-market actions.

Family finance: Salaried Shravan should secure risks adequately to achieve money goals

By utilising his existing resources and securing risks adequately, Shravan can ensure a smooth journey.

Am I investing in right mutual funds for my children’s education, marriage?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

EPFO to launch e-inspection system to simplify process

EPFO proposed to amend the Act to limit enquiry period to a maximum of two years in order to curtail harassment.

Family finance: Kunjirs need to hike investments, equity exposure to achieve goals

Pune-based Kunjirs will have to raise their equity exposure and also stagger some of the goals for now, suggests the financial planner.

10 salary components that can help employees reduce tax burden

Your salary structure is of utmost importance; as you would always seek to maximise your take-home salary

EPFO recovers Rs 459 crore PF dues out of Rs 1,251 crore outstanding in 2018-19

The total backlog or outstanding provident fund dues of EPFO during 2018-19 was Rs 791.63 crore, Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha.

EPFO moots hiking EPF interest rate to 8.65% for FY18-19

The move, once approved by the finance ministry, will benefit six crore EPFO subscribers.

Provident funds lend more to states in chase for better returns

The hike in investment to state government bonds could also be on account of a flight to safety from private bonds.

Family finance: Why Senthil need not make fresh investment to achieve money goals

His goals include building an emergency corpus, buying a car, saving for his children’s education and weddings, and his own retirement.

Will I be taxed if I don't withdraw EPF amount after retirement?

There is no tax on EPF balance till the date of retirement. However, according to a recent ruling, any interest credited to EPF account after retirement is taxable.

KYCs of over 50% EPF subscribers not seeded with UAN

The government has directed all establishments covered under EPFO to get 100% KYC seeded with UANs of the PF Members. Seeding of these KYC details with UAN is mandatory and failure in doing so is a punishable offence.

What is Voluntary Provident Fund?

You should not ignore the fact that VPF comes with withdrawal restrictions and full withdrawal is possible only at the time of retirement.

Should I keep my money in EPF account or invest elsewhere after retirement?

"You may choose to retain your money in this account for up to three years after you retire - the EPF balance stops earning interest after three years."

Family finance: Why salaried Setty needs to increase investments to achieve his goals

Hyderabad-based Setty should also trim his insurance portfolio to secure his finances adequately.

Consultation on for increasing minimum pension: Santosh Kumar Gangwar to LS

Gangwar noted that a committee had earlier recommended increase of the minimum monthly member pension.

Family finance: Kumar should buy adequate insurance, step up investment to achieve his goals

Besides investing in line with his goals, Bengaluru-based Kumar should buy adequate insurance.

4 ways to link PF account with Aadhaar

As per the unified portal of EPFO, if you wish to file an online claim for your EPF, then you have to mandatorily link your UAN with Aadhaar.

Withdrawing EPF before completion of five years? Here's how you will be taxed

According to EPF rules, one can withdraw up to 75% of corpus after 1 month of quitting job. The remaining 25% if he/she remains unemployed for more than 2 months.

I am 44 years old and I want to invest Rs 3 lakh for 5-7 years. Where should I invest?

Assuming you have most of your investments in debt and/or real estate, you can invest in good large- and multi-cap funds, given your time horizon.

Family finance: Krishna needs to quickly invest high surplus to meet all goals

Simple goals and high investible surplus mean that Hyderabad-based Krishna will achieve all his goals.

Now you can withdraw 75% EPF if jobless for 1 month: Rules notified

Though the move was announced in June this year after the meeting of the CBT of EPFO, only now has the government notified it so that it becomes law.

How new EPF rules are going to impact you

The scheme is undergoing sweeping changes. Apart from recent tweaks in rules, new measures proposed could change its very structure.

Family finance: Businessman Mathur needs to build a bigger emergency corpus

Apart from building an emergency corpus, Vishvas Mathur's other goals include saving for his child’s education and wedding, and retirement.

How to check, download PF details via UMANG mobile app

The UMANG app can be downloaded on multiple types of devices such as a smartphone, desktop, and tablets.

Family finance: Why Vermas should stagger their financial goals and secure risks

Since buying a house is a priority for Pune-based Vermas, they should push back other goals for now.

Family finance: Mahajans need to reduce debt to achieve their financial goals

Ahmedabad-based Mahajan's goals include building an emergency corpus, saving for their kids’ education and weddings, and their own retirement.

Factors you should consider before opting for higher pension under EPS scheme

Weigh in factors like your tax slab, salary growth trajectory and trust in the EPFO before you decide.

Employee not in employment for a month can withdraw 75% of EPF money

EPF members with no jobs for a month can avail 75% of the total fund standing to his/her credit.

Over 18 crore loans sanctioned till March 31 under PMMY: Govt

Collateral-free loans up to Rs 10 lakh are extended to small or micro business enterprises and individuals to enable them to set up or expand their business activities under the scheme.

Family finance: Salaried Kumar can achieve money goals despite inadequate surplus

Despite the current low surplus, Rewari-based Kumar will be able to meet his goals in a staggered manner.

How much extra should I invest in mutual funds to create Rs 2 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

PF litigations expected to come down after SC ruling: RPFC

The apex court in its judgement has ruled that special allowance is part of the basic wages for computing the employees provident fund (EPF).

How to download your PF passbook

The EPF statement also shows the total corpus that has been accumulated through contributions made you and your employer.

Nearly 1.2 crore new EPF subscribers added over the last 11 months

The data includes information on the new members who have started subscribing to EPF and those who have ceased their subscription during the period.

Family finance: Why Singhs need to buy life, health insurance at the earliest

Singhs' goals include building an emergency corpus, buying a house, and saving for an annual vacation, kids’ weddings and retirement.

How you can get a higher pension from EPFO post SC ruling

Under EPS you will get pension based on the number of years in service and your last drawn salary.

Family finance: Why salaried Prashanth and Sushma need to increase investment in equity

The couple's goals include building an emergency corpus, setting up a business, buying a house, saving for their child’s education and retirement.

EPF account interest for FY 2017-18 still not credited: Here's what we know so far

It's learnt that data is being uploaded and sent to regional offices under the new mechanism, so the delay.

Growth in formal sector jobs: Silver lining in jobs data?

Over 7 million jobs were formalised between 2015-18, taking the number to 74.9 million, as per a report.

How to apply for PM Shram Yogi Maan-dhan pension scheme

A Rs 3000 monthly pension will be given to individuals who subscribe to scheme from the age of 60. It also has provision of family pension for spouse in case of death of individual.

EPFO to provide calculation worksheet on PF withdrawal via email, SMS

The worksheet is to be provided to members irrespective of whether they file their claims online or offline.

No disagreement with Finmin on 8.55% interest on EPF, says Santosh Gangwar

After providing 8.55% interest for 2017-18, the EPFO would have a surplus of Rs 586 crore. The 8.55% rate of interest would be lowest rate in last five year for subscribers.

Family finance: Pune-based Siroyas should align investments to achieve goals

The Siroyas goals include building an emergency corpus, saving for kids’ education and weddings, buying a car, taking a vacation and creating a retirement corpus.

Should you hike VPF contribution?

In addition to their normal contribution to EPF, employees can benefit from this higher interest rate by voluntarily contributing more – i.e. through VPF.

Will I continue to earn interest on EPF after leaving my job and will it be tax free?

Assuming your age is less than 58 years, your account will continue to earn interest. However, the interest earned in this account will be taxable.

Family finance: Why salaried Manikandan should start investing in equity to reach money goals

Coimbatore-based Manikandan will have to stagger his investments to reach his financial goals. His goals include building an emergency corpus, funding his child’s education, wedding, etc.

Market is now getting hungry for growth: Mahantesh Sabarad

Defence in general is incrementally good, but we do not see that as moving the needle for many stocks.

EPFO withdraws circular relaxing rules for payment of higher pension to eligible EPS members

This has been done to smoothly implement the orders of the SC on paying pension to employees on the basis of higher contributions made earlier on the basis of actual salary.

Quick tips to make effective last-minute tax planning

The chances of locking funds in an unsuitable tax saving investment are quite high.

By Independence Day, your EPF and EPS matters won't be dependent on paperwork

The Employees' Provident Fund Organisation has mandated that online claims have to be filed for provident fund withdrawals above Rs 10 lakh.

No tax relief on EPF interest if not employed: ITAT

I-T laws provide that interest credited to EPF account after an individual ceases to be in employment is taxable in his hands in the year of credit.

Minimum debt investment of EPF funds reduced: Here's what it means for you

EPFO is allowed to invest in exchange traded funds, index funds and derivatives with a minimum 5 percent and up to 15 percent limit for equity.

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