Rashmi
Quick Summary
The board of the Employees Provident Fund Organisation (EPFO) is holding a two-day meeting 27th and 28th March 2023 to discuss a range of issues that would affect around 6 crore active EPFO subscribers. The Central Board of Trustees (CBT) meeting was scheduled to take place on March 25-26 but was po
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FAQ :
The EPFO board meeting was held on 27th and 28th March 2023.
The recommended interest rate for EPF for FY23 is around 8 percent.
The ceiling wage is expected to be raised from £15,000 a month to £21,000 a month.
The minimum pension may be increased to £3,000 a month from £1,000 a month.
The EPFO may consider allowing increased investment of incremental deposits in equity instruments, including infrastructure investment trusts (InvITs) and alternative investment funds (AIFs).
The EPFO could discuss extending the pension scheme beyond 35 years of service and withdrawal benefits for those who have contributed for less than six months.
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