One HNI had Rs 103 crore in PF account, followed by another with Rs 86 crore held in such account, government sources said.

Union budget 2021: With this, EPF contribution no longer enjoys the Exempt-Exempt-Exempt (EEE) status, albeit for high income employees

The official also informed that EPFO has already begun depositing interest amounts into members' bank accounts at the direction of Labour Ministry

The EPFO has decided to uphold its decision to provide the said rate of interest during a virtual CBT meeting held in September.

As many as 8,186 corporates have come on board with 10.50 lakh subscribers till October so far this year. It was 8.80 lakh last year in October from 6,795 corporates

More than the corpus, much depends on expenses, goals and commitments

The decision to divide the 8.5 per cent interest in two instalments was taken due to market volatility that affected the EPFO's income from equity investments

Employee provident fund (EPF) is one of the most dependable channels for retirement investment for majority of salaried people. However, recently the reports claimed that the EPFO will credit interest rate on your EPF investments in two tranches (8.15 per cent now, and 0.35 per cent by December 31). The confirmation is awaited. This video explains why the delay.

Soon after the spread of coronavirus, FM Sitharaman, in a relief to the employees and employers, reduced the mandatory monthly EPF contribution to 10 per cent of the basic salary from 12 per cent for the months of May, June and July

Of the 10.4 million salaried employees who withdrew their retirement savings in this period, at least 8.2 million were those who earn less than Rs 15,000 per month

The EPFO has decided to provide 8.15 per cent interest on EPF right away and the remaining 0.35 per cent rate would be credited into the subscribers' account by the end of this year, after proposed liquidation of ETFs

Notably, 55 per cent of advance claims settled during April-August 2020 were related to the recently introduced COVID-19 advance, while around 31 per cent of advances settled during the period pertained to illness claims

The EPF interest rate can be credited into the accounts of over six crore subscribers of the EPFO for a particular financial year only after the finance ministry's nod

India's new unemployment allowance plan for lockdown-induced job loss would benefit a small fraction of organised workers; the new social security code in the works aims to expand social security to 100 million organised workers but contains no concrete plan for 437 million unorganised workers

NPS has three basic investment options in the form of equity fund, corporate bond fund and government security fund where you can divide your investment based on your preference

While the EPF reduction will put some extra cash in you hands in these times of crisis, there will be an impact on your retirement savings; here's what you can do

The move will provide relief to about 6.5 lakh establishments covered under EPFO and about 4.3 crore such employees, releasing liquidity of Rs 6,750 crore to employers and employees over next three months

Getting the basics right holds the key. This would involve first acknowledging that a large population has lost incomes, savings and jobs and second, consumption drives the economic growth which had already been weakened even before the pandemic hit

Here are some of the options you can explore while putting your personal finance in order in the times of coronavirus

A large number of people are under financial stress due to lockdown and market crash. Here are some avenues for raising money with ease