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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
Download QR code; Print/export Download as PDF; Printable version; In other projects Wikidata item; Appearance. move to sidebar hide. Employees Provident Fund or ...
Public Provident Fund Scheme, 2019 has reduced the interest spread to 1 (one) percent from an earlier spread of 2 percent. Up to 25 per cent of the balance at the end of the 2nd immediately preceding year would be allowed as a loan. Such withdrawals are to be repaid within 36 months.
Microsoft Excel uses dedicated file formats that are not part of OOXML, and use the following extensions:.xlsb – Excel binary worksheet (BIFF12).xla – Excel add-in that can contain macros.xlam – Excel macro-enabled add-in.xll – Excel XLL add-in; a form of DLL-based add-in [1].xlw – Excel work space; previously known as "workbook"
The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
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