Tag: Epf

Employee Provident Fund is a savings scheme designed to give salaried people a financial benefit upon retirement. But despite digital literacy making inroads, people still face problems when it comes to withdrawing the EPF post their retirement or after quitting… Here’s a step by step process to guide you through the same.

The labour ministry had sent the proposal to the Ministry of Finance for its concurrence.

It is true that mutual funds, particularly equity funds, fluctuate with market trends and can consequently be very risky. However, data from equity funds over the long term indicates that the risks are evenly distributed over the long run.

The Odisha Government recently announced 25 percent salary hike, Employees provident Fund (EPF) and Employees State Insurance (ESI) for outsourcing employees. However the situation at MKCG hospital in Berhampur tells a different story.

Paradip: Members of Essar Steel India Workers’ Union today staged protest in front of the plant demanding minimum wages and other benefits like Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI). The protesting workers alleged that despite protests since long, the authorities have not taken any steps to address their concerns. “Most of the […]

The ABRY scheme aims to extend a helping hand towards employees, especially new employees, and employers regarding the contributions into the Employees' Provident Fund (EPF) account. 

Vienna: Union Minister Piyush Goyal on Friday lent full support to the proposed merger of Coal Mines Provident Fund with EPF saying it will safeguard workers’ interests, even as the unions opposing it prepare to go on a 3-day strike next month. “Yes, I believe that for the future, employees’ provident fund organisation, which is […]

Employee Provident Fund (EPF) Scheme is the fund to help an employee for retirement. A contribution of 12% of the basic pay is made by an employee to the fund every month. The employer also contributes equal portion to the corpus. If an employee wants, he/she can withdraw the EPF amount during the course of employment. The […]

Bhubaneswar/New Delhi: Finance Minister Nirmala Sitharaman on Wednesday made several big announcements while announcing measures for Employees Provident Fund (EPF). Sitharaman said that the government will pay Rs 2,500 crore as employees and employers’ contributions to EPF for the next three months till August, and it will benefit around 72.22 lakh employees. Statutory PF contribution […]

Bhubaneswar: The Central government is likely to implement the New-Wage Code Bill 2021 from April 1, 2021. This may change the existing monthly Provident Fund (PF) and gratuity contributions by employees. As per the provisions under the new system, the share of basic salary in CTC could be 50 per cent or more. It means […]

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Thursday urged Centre to hike the monthly pension of EPF pensioners who are running from pillar to post to get their grievances redressed. In a letter, Patnaik has requested the Union Labour Minister Santosh Gangwar to take necessary steps to protect EPF Pensioners with reasonable financial and social […]