The compound interest is credited by EPFO on a monthly running balance basis at the statutory rate declared for each year. For 2024-25, EPFO declared an interest of 8.25%.

(MENAFN- KNN India) Chennai, Dec 29 (KNN) Private sector lender Tamilnad Mercantile Bank (TMB) on Monday announced the launch of online collection of Employees' Provident Fund (EPF) payments through ...

South Indian Bank launches EPF payment services via net banking, simplifying contributions for employers through the EPFO portal.

Karnataka High Court caps EPF penalty at ₹77,000 for delayed provident fund payments. Employers must comply with 25% limit under EPF Act 1952. Read details.

The Employees’ Provident Fund Organisation (EPFO), under the administrative control of the Ministry of Labour and Employment, regulates the norms for the employees’ contributory provident fund. Under ...

The withdrawal facility from the PF account will be available to only those PF members who fulfil the conditions prescribed. The facility will be available only once to every member during his or her ...

With the successful completion of technical integration between the bank and EPFO, employers, establishments, and other entities can now remit EPF contributions, dues, remittances, and related charges ...

The Karnataka High Court has penalized an employer ₹77,000 for delaying provident fund contributions for two employees over two years. The court ruled that the penalty under EPFO rules cannot be less ...

So far as withdrawals from the VPF are concerned, the rules are the same as those for the EPF.(iStock) Mr. A is a risk-averse investor who prefers fixed over market-linked returns. He contributes 12% ...

Tamilnad Mercantile Bank (TMB) has launched the online collection of Employees’ Provident Facility (EPF) payments through its internet banking platform, with direct integration between EPFO portal and ...

The edtech giant has reportedly paid INR 123.1 Cr to the EPFO for the past 10 months between August 2022 and May 2023 As per EPFO data, BYJU'S made the last PF payment on June 19 for a few employees ...