Employee Provident Fund (EPF) is implemented by the Employees Provident Fund Organisation (EPFO) of India. It is one of the largest social security organisations in the world in terms of members and volume of financial transactions undertaken. An establishment with 20 or more workers working in a...
The EPFO ‘declares’ the annual interest paid out to subscribers each year. In the last four years, the returns have been around 8.75 per cent a year. This interest is decided based on the surplus of its income over expenses. The fund earns income from the interest on government deposits,...
Here, the pensionable salary is the sum of basic pay and dearness allowance earned in the last 60 months, whereas pensionable service means the total number of years worked in the sector. Frequently Asked Questions + What are the benefits of opting for EPS higher pension scheme? The prim...
but the contributions are made from the first year of service. This means that if you are going to retire in the next few years, you can get the benefit of higher EPS pension without losing much to EPS. Please