Tue, Jul 16, 2024
The primary objective of EPFO is to ensure financial security for employees during retirement.
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Fri, Jun 21, 2024
An EPF account holder can contribute up to a maximum of 12 per cent of their basic pay and dearness allowance (DA) to their EPF account. Their employer also contributes an equal amount to the employee's EPF account. Of this 12 per cent, 8.33 per cent goes to the employee's EPF account, while 3.67 per cent goes to their EPS account.
Tue, Jul 25, 2023
The government has increased the rate of interest on Employees' Provident Fund (EPF) deposits to 8.15% for the financial year 2022-23. This is the highest in 4 years and will benefit over 6 crore EPFO subscribers. The higher interest rate will help people save more money for their retirement and other financial goals.
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