The EPFO should note that it is a custodian of the money which people who are saving for the retirement. You are not supposed to behave like a financier to fund startups. more
Vijay Agarwal EPFO funds returns Social security of employees is always inadequate to meet all requirements. Firstly longevity of life is not known & funds accumulated are limited one. Firstly , contributions towards Social security should not be restricted & higher limits be allowed under Income Tax laws. Further, inflation is increasing & reduction of interest rates on savings are lowering available funds to retired. Thus problems for retired are increasing & also effecting psychology of such persons. It is necessary that return is higher than inflation for certain satisfaction otherwise consumption habits develop for current consumption as & when earning to reduce savings towards retirement needs. This increases the burden on state to meet with the requirements of those in need without means. more
Epfo is not a bank, should deposit where a guaranteed income is, because the amount with epfo is contribution of all employees, the contributed actual amount should not reduced to contribution and by adding the interest it should increase but should not decrease because the employees are all depended on interest income only after retirement because there is no sufficient pension to meet the expenses, that's why, thanks please. more
It should be subjected to some cap, say 2% or 5% (regulatory bodies can decide). Money does not grow on its own. It needs to be invested. A bank pays you interests because it lends to others at a higher interest rate. Startup financing is riskier but also very rewarding. Even if 9 investments fail, one single success can more than offset the losses. more
My retirement has only 4 months. Before retirement I would like to settle my all-personal loans having @12.2 lacs. But I have only source is PF which is now accumulated more than Rs. 32 lacs. Shall...
Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book? Such delays also cause financial loss to members who have to do a final withdrawal...
EPFO has now allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the ‘actual basic salary’ towards pens...
Dear Respectable Members, I am not sure what guidelines OR procedures to get higher pension from EPF/EPS. I am having only News paper information, that is 6th May 2023 as last date to su...
After recent retirement, I had applied for full PF-amount-release, which was subsequently shown as settled. On the EPF Portal, it shows as - "Your Claim [ Claim Id - xxx ] has been Settled. P...
Earlier I applied form 10D offline at RPFO cuddapah (AP) for pension claim on superannuation. There was no response for verification of scheme certificate for about 3yrs. Finally I could get verif...
On Monday, EPFO announced that all the eligible members of the provident fund body can now opt and apply jointly with their employers for higher pensions till May 3, 2023. Earlier, the deadline for...
MORE IMPORTANT IS RULE, APPLIED ON US FOR LATE PAYMENTS. EPFO ,LOOKS LIKE AN ADMINISTRATIVE INSTITUTION, NOT SERVICE SECTOR. THEY SHOULD PAY. WE SUFFER FOR LATE PAYMENT.THEY CARE FOR NONE.EVEN BAN...
When a payment for advance tax is made late, we have to pay a penal interest to the government. Here EPFO has delayed interest credit by 11 months. Shouldn't they be liable to...