Tag: EPF
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NPS is the best retirement option compared to EPF & PPF
NPS is the best retirement option: One of the cheapest pension products: – NPS charges just 0.25% as fund management fee making it one of the cheapest pension products in the world. Mutual funds can charge up to 2.25% and life insurers can charge up to 1.35%. Choice of fund managers: – Private sector NPS […]
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EPFO to get 8.5% pa interest for year 2012-2013
The EPFO’s board discussed the rate of interest for 2012-13. After detailed discussion, the board decided to recommend a rate of interest of 8.5% for the year 2012-2013. Decision to pay 8.5% interest rate was taken unanimously by the board. The trustees also decided that EPFO will give a permanent account number to all members […]
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EPF rates may rise for year 2012-2013
The interest offered by the Employees’ Provident Fund Organisation ( EPFO) is likely to rise this year, say sources in EPFO. For year 2012-2013 EPF rates are expected to be around 8.5% EPFO’s interest rate for prevoius year Year EPF rate of Interest 2012-2013 expected to be 8.5% 2011-2012 8.25% 2010-2011 9.50% The rate for […]
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Increase in Employees Contribution in Provident fund will reduce take home salary
EPFO (Employee Provident Fund Organisation) as issued a circular on 30.09.2012. According to Circular, EPF (Employees Provident) should be deducted on total salary. Total Salary for purpose EPF calculation will be Basic Salary + DA + Conveyance Allowance + House Rent Allowance+ Education Allowance+ Travel Allowance + Medical Allowance+ Night Allowance+ Uniform Allowance+ any other […]
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EPFO launches e-Passbook service for its members
Over 50 million PF subscribers can now access their accounts online as retirement fund body EPFO launched its e-Passbook service today. Who can download EPF pass book Active subscribers whose electronic challan-cum-return is already uploaded, can download their e-Passbook every month under the service launched by the EPFO’s Central Provident Fund. Where you can download […]