When members switch jobs, the Employees Provident Fund Organization (EPFO) has made it easier to transfer provident funds. 94% of transfer claims, or roughly 1.20 crore of the 1.30 crore total ...
Another episode that raised eyebrows involved the provident fund board’s decision to gift the then interior minister a painting. This happened in 2021. The painting was worth €4,000.
The Employees' Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour and Employment in India. It manages provident funds, pensions, and insurance schemes for millions ...
The Employees' Provident Fund Organisation (EPFO) is launching a revised system called EPFO 3.0 to improve the welfare of employees. This new system promises improved services, making it ...
The Employees' Provident Fund Organisation (EPFO) has rolled out new changes aimed at improving user experience and streamlining processes for members. These include higher pension clarification, ...
Broadly, a “retirement fund” includes pension funds, provident funds, preservation funds, and retirement annuities. Investments in these funds are strictly legislated, often referred to as ...