Private banks cannot collect PF dues: EPFO body

At present, State Bank of India collects PF dues on behalf of EPFO.  An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of......

EPFO will not revise interest rate downward: Government

Retirement fund body Employees' Provident Fund Organisation will not revise its interim interest rate of 8.8 per cent downward for the current financial year, Labour Minister Bandaru Dattatreya......

EPFO may announce higher interest than 8.5% provided last year

Retirement fund body EPFO may announce higher interest rate on provident fund deposits for its over five crore subscribers in the current fiscal than 8.5 per cent that was provided in 2012-13. "The......

SBI, 4 others shortlisted to manage PF funds

EPFO's advisory body FIC on Thursday shortlisted five entities --ICICI Securities, Reliance Capital, HSBC Asset Management Company, SBI and ICICI Prudential -- for managing its corpus of Rs 3.5......