Big news for EPFO ​​subscribers! You will be able to choose how much part will be invested in equity! expect higher returns

The interest of people in the PFRDA regulated National Pension Scheme (NPS) is increasing rapidly, as the National Pension Scheme gives the option of investing in equities from private employees to government employees, and also gets the flexibility to fix the investment limit.

New Delhi: EPFO ​​Equity Investment: Employees’ Provident Fund Organization ie EPFO ​​is considering giving an opportunity to all its subscribers to opt for equity investment. Till now crores of subscribers of EPFO ​​do not have this option and EPFO ​​itself invests up to 15% in equity market through its fund managers.

Increased interest of people in NPS

In fact, the interest of people in the PFRDA regulated National Pension Scheme (NPS) is increasing rapidly, as the National Pension Scheme gives the option of investing in equities from private employees to government employees, and there is also the flexibility to fix the investment limit. . Under the National Pension Scheme, the subscribers are getting an average return of up to 12% in equity investment.

EPFO also on the way to NPS

Therefore, on the lines of NPS, EPFO ​​can also give an opportunity to its crores of subscribers to fix the limit of total investment by increasing the limit of equity investment for better returns. However, there is a possibility that in no case more than 50% of the contribution will be allowed to be invested in equities. If this happens, then employees will get an opportunity to invest more part of their EPFO ​​investment in equities, which will benefit in the form of higher returns.

Employee’s EPF contribution to increase by 12%!

In the coming days, many more big decisions related to Employees’ Provident Fund (EPFO) can be taken in the meeting of the Central Board of Trustees. At present, 12 percent of the basic salary of an employee of a company is deposited in the Employee Provident Fund (EPF), and the company’s management can increase it, but the EPFO ​​is of the view that in the coming days, the employee will now have to contribute more than 12 percent. Option to deposit in EPF will be given.