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EPFO: Entire 8 5% Provident Fund Interest To Be Credited In One Go: Labour Minister To NDTV

Labour Minister Santosh Gangwar said the interest of 8.5% has started going into accounts New Delhi: The interest on provident fund will be paid in one go and not in two instalments, the government has said, citing good financial health of the massive fund body that acts as a security cushion for a majority of employees across the country. Labour Minister Santosh Gangwar today made the decision official to transfer the entire consolidated amount of annual interest payment to subscribers of the Employees Provident Fund Organisation (EPFO). The Finance Ministry has approved the move. Prime Minister Narendra Modi saw the EPFO is doing good work and he agreed to 8.5 per cent interest rate. This was notified today. As we speak the interest has started going into the accounts of at least six crore provident fund subscribers, Mr Gangwar told NDTV.

Labour Ministry decides to notify 8 5 per cent interest on EPF for 2019-20, gets Finance Ministry no- The New Indian Express

Labour Ministry decides to notify 8.5 per cent interest on EPF for 2019-20, gets Finance Ministry nod The official said that the rate of interest on the EPF has been formally approved for notification by Labour Minister Santosh Gangwar on Thursday after receiving the finance ministry s concurrence. Share Via Email   |  A+A A- By PTI NEW DELHI: The Labour Ministry has decided to notify 8.5 per cent rate of interest on employees provident fund (EPF) accounts of over six crore subscribers of retirement fund body EPFO for 2019-20 after receiving the finance ministry s concurrence on that, a senior official said. The labour ministry has decided to notify the 8.5 per cent rate of interest for crediting the same into the account of over six crore subscribers of the Employees Provident Fund Organisation (EPFO), the official told PTI.

Labour Min Decides to Notify 8 5% Interest on EPF for 2019-20, Gets FinMin Nod

Labour Min Decides to Notify 8.5% Interest on EPF for 2019-20, Gets FinMin Nod FOLLOW US ON: New Delhi: The Labour Ministry has decided to notify 8.5 per cent rate of interest on employees provident fund (EPF) accounts of over six crore subscribers of retirement fund body EPFO for 2019-20 after receiving the finance ministry s concurrence on that, a senior official said. The labour ministry has decided to notify the 8.5 per cent rate of interest for crediting the same into the account of over six crore subscribers of the Employees Provident Fund Organisation (EPFO), the official told PTI. The official said that the rate of interest on the EPF has been formally approved for notification by Labour Minister Santosh Gangwar on Thursday after receiving the finance ministry s concurrence. Now the interest rate would be officially notified in the government gazette following which the EPFO headquarter would give directions for crediting the rate of return on EPF into the subscriber

Labour Bureau to complete 4 surveys including one on migrant workers by Oct: Gangwar

Labour Bureau to complete 4 surveys including one on migrant workers by Oct: Gangwar NEW DELHI, Dec 30: Labour Minister Santosh Gangwar on Wednesday said the Labour Bureau will launch four all-India level surveys on migrant workers, domestic workers, employment generated by professionals and transport sector in March and complete these studies by October, 2021. “The Bureau has recently been entrusted with four All India surveys on migrant workers, domestic workers, employment generated by professionals and transport sector which will be launched by early March, 2020 and the results of these will be available by October, 2021,” said Gangwar while addressing the occasion of centenary year celebrations of the Labour Bureau.

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