Tag: LABOUR MINISTRY.
The Employees’ Provident Fund Organisation (EPFO) lowered the interest rate on provident fund deposits to 8.50% for FY20 (2019-20) from 8.65% in FY19 (2018-19). The move will affect the PF deposits of over 6 crore active subscribers. The EPF interest rate announced for the current fiscal is lowest since 2012-13, when it was 8.5 per […]
The labour ministry has implemented retirement fund body EPFO’s decision to restore pension commutation under the Employees’ Pension Scheme, a move that will benefit 6.3 lakh pensioners. On February 20, 2020 the ministry notified the decision of the Employees’ Provident Fund Organisation (EPFO) to restore pension of those who opted for commutation of their pension […]