EPS pension can be withdrawn from any bank from Jan 1
This initiative is part of the Centralised IT Enabled System (CITES 2.01), EPFO’s ongoing IT modernisation project.
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EPFO extends deadline for higher pension scheme till July 11
The Ministry of Labour & Employment on Tuesday said the last opportunity of 15 days is being given to removing any difficulty faced by the eligible pensioners/members.
Formal job creation declines in March: EPFO
Out of 13.40 lakh members added during the month, around 7.58 lakh new members have come under the ambit of EPFO for the first time.
EPF recommends 8.15% interest rate on provident fund for FY23
The interest rate would be officially notified in the government gazette after approval of the Ministry of Finance.
EPFO members can now choose higher pension option
The EPFO has now allowed subscribers and their employers to jointly apply for higher pensions under the Employees' Pension Scheme (EPS).
Markets are yet to bottom out
Analysts with varied views have the 2008 global financial meltdown as the nearest comparable to the Covid-19 pandemic. But they are agreed on one thing: the need for caution.
Caution is the investment mantra for 2020
While benchmark indices continue to hit new highs, the jury is divided on the fate of markets in the ensuing year.
