slide

EPFO’s new pension rules: All you want to know


EPFO introduced changes in the pension scheme following which subscribers will receive a higher pension.

This will happen because pension will be calculated on the EPS contribution of 8.33% on the total salary. 



The new rules will be applicable only to those EPF subscribers who joined the EPF scheme before Sep 1, 2014 and who are still working.


The deadline to apply expires on March 3, 2023 for EPFO subscribers.


Nearly two weeks prior to the expiry of this deadline, EPFO released a circular explaining the process to apply.



The employees who earn more than Rupees 15,000 a month and joined after Sep 1, 2014, are not entitled to EPS.

Employees are meant to submit joint option under para 11(3) and 11(4) to the concerned regional office.



To apply, one must make a joint option with disclaimer and declaration as may be specified.

Click here to know more about new pension rules.

Check here for more personal finance related stories.


EPFO’s new pension rules: All you want to know

The new rules will be applicable only to those EPF subscribers who joined the EPF scheme before September 1, 2014 and who are still working

BBC under scrutiny for transfer pricing: What is it and how does it impact a country's economics?

EPFO changes: You can apply before March 3 to opt for higher pension. Things you should know

Global framework needed on cryptocurrencies, says Sitharaman

Your Questions Answered: I’m 27 and want to invest in socially responsible funds. Can you elaborate what ESG funds are?

Domestic mutual funds’ share in equity assets hits new record in Jan: Report

Should we invest in debt funds or gold to allay the recession effect? 5 analysts say this

NFO Alert: Axis Fixed Term Plan - Series 112 (1143 Days); all you need to know

6 most common insurance frauds you should be aware of

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals

EPFO’s new pension rules: All you want to know

The new rules will be applicable only to those EPF subscribers who joined the EPF scheme before September 1, 2014 and who are still working

Topics to follow