[ad_1] EPF interest rate: The Central Board of Trustees (CBT) of the Employees’ Provident Fund (EPF) has recommended a rise in the annual interest rate for EPF accounts for the fiscal year 2023-24. Pending approval from the Ministry of Finance, this proposed interest rate of 8.25% will be officially confirmed in the government gazette. Once…
[ad_1] The Employees’ Provident Fund Organisation (EPFO) has announced a three-year high interest rate of 8.25% on employees’ provident fund (EPF) deposits for the fiscal year 2023-24. This decision was made by the EPFO‘s apex decision-making body, the Central Board of Trustees (CBT), during their meeting on Saturday. The interest rate for the previous fiscal…
[ad_1] EPFO limits Paytm transactions linked with EPF accounts: The Reserve Bank of India (RBI) instructed Paytm Payments Bank to halt all banking services, including deposit acceptance and payment processing, on January 31, with effect from February 29. Consequently, in response to this directive, the Employees’ Provident Fund Organisation (EPFO) has imposed limitations on deposit…
[ad_1] EPFO update: The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, has made changes to its document verification process for correcting or updating the date of birth (DoB). The recent announcement on January 16, disclosed the removal of Aadhaar from the list of acceptable documents as the date of birth…
[ad_1] The Employees’ Provident Fund Organisation (EPFO) has notified a set of standard operating procedures (SOPs) to streamline the process of freezing and de-freezing individual or establishment accounts. The EPFO has introduced a time-bound process to freeze member IDs, universal account numbers, or establishments for verification purposes. This aims to boost the efficiency and security…