The Economic Times
English EditionEnglish Editionहिन्दी
| 01 December, 2020, 02:33 AM IST | E-Paper
Search
+

    AITUC seeks labour minister's intervention against alleged malafide campaign to reduce EPF interest rate

    The AITUC shot off a letter to Gangwar on July 29, after a report suggested that there were withdrawals to the tune of Rs 30,000 crore in April-June this year during the coronavirus-related lockdown.

    EPF interest rate lowered by 15 bps to 8.5% for FY20

    The interest rate is a big sentiment booster and any cut may further hit the employee sentiment.

    EPFO may slash FY20’s interest rate; payout of 8.5% unlikely as PF contributions fall

    EPFO may cut 8.5% rate declared for FY20 because of declining return on investments and cash flow.

    EPF may not give more than 7% interest for FY19-20 due to coronavirus impact: Here's why

    The coronavirus-led stock market crash or the sharp drop in equity market has dented its corpus.

    EPFO slashes interest rate on deposits to 8.5% for FY20

    Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said Labour Minister Santosh Gangwar on Thursday. The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.EPFO slashes interest rate on deposits to 8.5% for FY20

    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

    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.

    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.

    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.

    Should EPF interest rate be cut due to fall in bond yields? Here are 3 expert views

    Last year, the EPFO had cut interest rate to 8.65%. Now rates have slipped further. ET Wealth spoke to three experts for their views on whether the rate should be cut.

    EPFO to take a call on EPF interest rate for FY18 next month

    The Finance Ministry had decided to lower the EPF interest rate of 8.8 per cent for 2015-16 to 8.7 per cent. The decision drew flak forcing the government to uphold 8.8 per cent.

    Opposition slams Finance Ministry decision to slash EPF interest rate

    CPI(M) member Tapan Kumar Sen slammed the "unilateral, undemocratic" action by the Ministry, saying it had completely ignored the unanimous decision.

    Finance, Labour ministries lock horns over EPF interest rate

    Labour Ministry sources said the Ministry will seek review of the Finance Ministry's decision as EPFO has sufficient income in 2015-16 to pay higher returns.

    Private EPF trusts can't declare interest lower than EPFO's

    The circular emphasises that any deficit in interest declared by the board of trustees is to be made good by the employer to bring it up to the statutory limit.

    Government gives in to pressure, EPF interest rate increased to 8.8% from 8.7%

    The backpedalling follows the uproar sparked by the finance ministry scaling down the 8.8% recommended by the CBT of the Employees’ Provident Fund Organisation (EPFO).

    Finance Ministry okays 8.65 per cent interest on EPF

    Finance Ministry in its communication to the Labour Ministry has, however, put a rider that the interest rate should not result in a deficit for the retirement fund.

    EPFO trustees propose 8.65% interest on EPF for FY 2016-17

    Reports suggest that the Finance Ministry is nudging the Labour Ministry to lower the EPF interest rate by up to 50 basis points.

    Govt considering further hike in EPF interest rate: Minister

    A proposal to revise the interest rate of Employees Provident Fund (EPF) by .25 per cent is under the consideration of the government.

    EPF interest rate for current fiscal not yet decided: Labour minister

    Kharge has clarified that a decision on the employee's provident fund interest rate for the current fiscal was yet to be taken and it had not been fixed at 8.6%.

    EPF interest rate will be raised to 8.6% this year: Kharge

    Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers.

    EPF interest rate remains unchanged at 8.5%

    4.4 crore subscribers of the Employees Provident Fund (EPF) will receive a payout of 8.5% interest rate for fiscal 2009, the third year in a row.

    EPF interest rate stands unchanged at 8.5 per cent

    The over 4.5 cr subscribers to EPF will earn an interest payout rate of 8.5% even as banks lower their rate for deposits. Making of Budget: Whys and Wherefores?

    In video: EPF interest rate remains unchanged

    Employees Provident Fund Board agreed to continue paying 8.5 per cent interest rate to its nearly four crore subscribers.

    EPF interest rate fixed at 8.5% for 2008-09

    The decision to retain the rate at 8.5%, third time in a row, comes at at time when the banking regulator is expected to effect a rate cut in the wake of a marked economic downturn.

    EPF interest rate likely to be fixed at 8.5 per cent for 2010-11

    The Employees Provident Fund (EPF) is expected to retain the interest rate for its six crore account holders at 8.5 per cent in 2010-11, with a formal announcement likely to be made in August.

    BJP wants debt waiver for farmers, hike in EPF interest rate

    The BJP on Sunday joined the growing chorus of voices seeking a complete waiver of interests on the debts accumulated by the farmers in the areas hit by repeated crop failure.

    Labour minister to meet FM on EPF interest rates

    Amidst reports of a cut in interest rates on the Employees Provident Fund (EPF), labour minister Sis Ram Ola has said he will meet finance minister P Chidambaram to decide on returns for more than 3.2-crore subscribers this year.

    EPF interest rate cut ruled out

    Much to the relief of employees, Labour minister, Sahib Sigh Verma ruled out a further cut in the interest rate on EPF presently at 9.5%.

    Labour ministry keen to retain 8.65% interest rate on EPF deposits for 2019-20

    Speculations are rife that the interest rate on EPF may be lowered to 8.5% for the current fiscal, a tad lower than 8.65% provided for 2018-19. As per sources, the agenda for the CBT meeting has not yet been finalised and it is difficult to predict EPFO's income projections for the current fiscal, which will be the basis for fixing the rate.

    Portion of EPF corpus is invested in equities: Is your EPF money safe?

    EPFO started to invest 5% of fresh inflows in index ETFs from August 2015. This was raised to 10% in 2017 and later to 15% in 2018. EPFO’s maiden foray into equities initially proved bountiful but got a rude shock in March this year.

    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.

    EPF, PPF interest rate gap widens to 105 basis points: Self-employed class disadvantaged

    Even if the EPF rate is cut, the difference would remain substantial thereby disadvantaging the self-employed class in terms of retirement savings.

    EPFO likely to announce PF rate for FY18 next month

    The EPFO had lowered the rate of return for its over 4.5 crore subscribers to 8.65 per cent for 2016-17, from 8.8 per cent in 2015-16.

    Does EPFO really have enough money left for the year after IL&FS? FinMin wants to know

    Does EPFO have sufficient surplus left for honouring this year's interest rate? The jury's still out.

    Centre okays 8.65% interest on EPF for FY17

    The Finance Ministry has been nudging the Labour Ministry to lower the EPF rate for aligning it with the rates of small savings schemes like PPF.

    Government retains General Provident Fund interest rate at 7.8% for Oct-Dec

    The rate is in line with that for Public Provident Fund. In July-September quarter too, the interest rate was 7.8 per cent.

    Finance Ministry okays 8.65% interest rate on EPF

    The ratification of the 8.65 per cent on EPF will enable the retirement fund body EPFO to credit this rate of return into the accounts of four crore subscribers.

    Labour Ministry seeks to retain 8.8 per cent interest rate on EPF deposits

    The government had to roll back the decision and provided 8.8 per cent rate of interest on EPF deposit for last fiscal following protests by trade unions.

    Labour, Finance ministries on same page on EPF rate: Bandaru Dattatreya

    Union Labour Minister Bandaru Dattatreya today denied having any differences with the Finance Ministry over the EPF interest rate.

    EPFO might retain 8.8% interest rate for employees, announce sops for 6L employers

    Earlier this year, govt had rolled back its decision to lower interest rate on EPF deposits to 8.7% for 2015-16 and fixed it at 8.8%

    Applied online for EPF transfer after March 1, 2017? You need to re-apply & here's how to do it

    If you had initiated a transfer process from the 'online transfer claim portal' any time after March 1, 2017, you will have to resubmit your claim.

    How to claim EPF online by linking UAN with Aadhaar

    The new Aadhaar linked 'composite claim form' can be used for availing benefits as under EPF Form 19, Form 10C and PF part withdrawals Form 31.

    What is the actual post-tax return on different investments? Find out

    The actual annualised returns of financial instruments vary from the quoted rates due to different methods of calculations involved and taxation rules.

    Finance Ministry approves 8.7% interest on EPF for 2015-16

    The finance ministry had last month reduced interest rate on small saving schemes including PPF scheme and KVP to 8.1% and 7.8%, respectively

    Should EPFO hike the exposure to stocks? 4 experts weigh in

    The Central Board of Trustees will meet this month to decide on hiking the EPFO’s stock market exposure to 15% of the incremental flow from the current 10% .

    Withdrawing EPF? You don't need your employer's signature anymore

    This facility will be available to all those subscribers whose UAN is activated and seeded with the KYC details like bank account and Aadhaar number.

    Government to take provident fund interest decision after state elections results

    Worried over political implications of PF interest rates cut amid state elections, govt has decided to defer its decision on the rate till elections end.

    Has EPFO ruined your retirement by delaying the decision to invest in stocks? Not quite

    If 5 per cent of monthly contributions was invested in a Nifty ETF, the corpus would only be 2.4 per cent bigger today.

    'EPF rates likely at 8.5%'

    Amid pressure by Left-backed trade unions not to tinker with the current 8.5 per cent interest rate on Employees Provident Fund, the government today said it will try to retain the rate for the four crore EPF subscribers in the country.

    Should an employee opt for a VPF as returns on other fixed-income instruments fall?

    These days, when interest rates in general are on their way down while the rate on EPF is still towering high, employees may consider increasing their VPF contribution.

    Trustees’ board to consider panel’s views on July 30

    In keeping with market realities, the finance and investment panel has asked the EPFO to maintain an 8% interest payout for FY06.

    All you need to know about the Employees' Provident Fund

    Here are articles on how to calculate your PF balance, how to check your EPF balance, benefits of linking your EPF to your Aadhaar and so on.

    1
    The Economic Times
    BACK TO TOP