Epfo is employment provident fund organisation which is statuary and comes under Ministry of labour and employment.There are various saving schemes and initiatives that come under EPFO, here is all what you need to know.
(CBT). It is created by the Employees Provident Fund and Miscellaneous Provisions Act, 1952. Under the administrative control of the Ministry of Labour and Employment, Government of India it operates. In different places, it has around 122 offices across the country. The EPF organization also ...
EPFO stands for Employees’ Provident Fund Organization, which operates as a statutory body under the jurisdiction of theMinistry of Labour and Employment, Government of India. EPFO verification is a critical aspect of ensuring the authenticity of employee information and adherence to regulatory standards...
CBT is a Statutory body which was established under theEmployees' Provident Fund and Miscellaneous Provisions Act, 1952. EPFO is under the administrative control of the Ministry of Labour and Employment, Union Government of India. EPFO assists in administering a compulsory contributory Provident Fund ...
(EPFO) has announced an increase in the interest rate for employees' provident fund to 8.25% for the year 2023-24. This is the highest rate in three years. The decision was made by the EPFO's Central Board of Trustees and is awaiting approval from the Ministry of Finance. Once approved...
The Central Board of Trustee, which is a key decision making body for EPFO, takes a call on the interest rates that have to be provided on the provident fund deposits, every year. Once CBT decides an interest rate on EPF deposits for a fiscal year, it is sent to the Ministry of Finan...
The Finance Ministry has been nudging the EPFO to reduce the rate to a sub-8% level in line with the overall interest rate scenario, which is under strain given the economic slowdown.Small savings rates range from 4.0-7.6% EPF Interest for FY 2020-21 ...
The Ministry of Labour and employment is responsible to carry out the complete operations of the body. First-time users need an ID and Password to log in and enter the EPFO portal. It is very easy to operate and convenient to use the EPFO website. You just need to fill in your ...