Despite pandemic's impact, EPFO added around 62.49 lakh subscribers during the first tens month of the ongoing fiscal year
The scheme has been introduced to incentivize creation of new employment along with social security benefits and restoration of loss of employment dur
The EPFO, which has more than five crore active subscribers, manages social security funds of workers in the organised/semi-organised sector in India
The EPF account is closed for many reasons including superannuation, job loss or changing jobs
Details like previous PF account number, bank account details, office details will be needed
The labour ministry will notify the new guidelines within two weeks and is in discussions with the labour unions and industry experts
In comparison to other fixed-income instruments, EPF is the most attractive bet.
EPFO has been giving higher interest than the market rates for some time now, which has eroded its surplus
Retirement fund body Employees' Provident Fund Organisation (EPFO) on March 4 maintained interest rate of 8.5% for 2020-21
There is a possibility of a decision on interest rates for the FY20-21 following the CBT meeting on March 4