EPFO likely to credit 8.5% interest rate to accounts soon: here’s how to check PF balance

The Employees’ Provident Fund Organisation (EPFO) is likely to credit 8.5% Employees’ Provident Fund (EPF) interest for its six crore subscribers by the end of July for the financial year 2020-21. Earlier, in March this year, the EPFO kept the interest rate unchanged at 8.5% for the current financial year as there were more withdrawals than deposits during this period.

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Updates on the Issues :

E2-E3 Reminder to the DoT:

The matter was pending on account of delay in exact calculation of financial implication as exact data was also not available due to non availability of ERP package at that time. On meeting with Sr. GM Est by AIGETOA team , it was intimated that an average implication calculation will be proposed for submission after approval from CMD.

Association submission on 22820:

AIGETOA has finalised it’s documentation in support of our claim to be submitted to the committee formed for the 22820/- for the Pay Loss issue of those JTOs/JAOs, whose notification carried in E1A scale. The submission will be made in few days and the team will continue the discussions on the matter with Committee formed for the purpose. During the period we could interact with few personals and need and genuinity of the matter is already conveyed. Further we will be conveying the same firmly with all logics and hope that the committee will take it in right perspective to resolve it once for all.

Reconstitution of the committee on E1+5 Case:

The efforts are continuing in the direction for reconstitution of the committee but till now there is no substantial progress from management on this matter due to the fact that all members of the previous committee got superannuated. The pursuance for the committee is continuing and any major breakthrough will be reported once achieved.

EPF Full Pension Case

Hon SC bench observed to consider whether to give a conclusion or to refer the issue to a larger ( 3 ) bench and accordingly may pass the order by 24th August 2021. The Hon Court also observed that they cannot ignore or check the question of correctness of ruling by a coordinate bench. The distinction between exempted organisations and unexempted. organisations also came for discussion today.

Circle Conference of AIGETOA Uttarakhand held on 18th Aug 2021

The Circle Conference cum Annual General Body Meeting of AIGETOA Uttarakhand was conducted successfully as per the schedule on 18th August 2021 through Online Mode.

The election of the new governing body of Uttarakhand carried out as per the provisions in presence of CHQ Observer AGS Shri D K Sahoo and JS North Shri Ajit Singh and Returning Officer Shri Naveen Kumar Nautiyal. The following Circle Body was elected for the next three years tenure of AIGETOA Uttarakhand Shri Vivek Tiwari, Shri Bhanu Pratap Singh Bhist and Shri Rajneesh Kumar was elected as Circle President, Circle Secretary and Circle Finance Secretary respectively.

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AIGETOA CHQ congratulates the newly elected Uttarakhand Circle Governing body.

USOF signs agreement with BSNL for high speed internet access to North Eastern States

For making available high quality and high speed internet access to the States of North Eastern Region of the country, Universal Service Obligation Fund (USOF) has signed an Agreement with Bharat Sanchar Nigam Limited (BSNL) on 18.08.2021 for hiring of 10 Gbps International Bandwidth for Internet Connectivity to Agartala from Bangladesh Submarine Cable Company Limited (BSCCL), Bangladesh via Cox Bazar/Kuakata.

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Update on EPF Full Pension Case

The Hon’ble SC yesterday heard the arguments of EPFO against the decision of Hon HC Kerala judgement and other connected orders which quashed the EPS(amendment)-2014. Hon HC Kerala earlier set aside the EPFO amendment by judgement in 2018 and declared that all the EPF covered employees shall be entitled to exercise the higher pension option without being restricted to a particular date and allowed the 12 month average salary condition instead 5 years. In April-2019 Hon SC had dismissed the SLP by EPFO against Hon HC Kerala and later in January-2021 a three bench judge recalled the dismissal order in the review petitions filed by EPFO and posted for hearing- which is happening now along with various connected petitions across country. The final judgement arose on WPC 13120/2015 from Hon’ble HC, Kerala. AIGETOA Kerala Circle Secretary along with 504 BSNL recruits including executives and non Executives are connected with the order on WPC 13120/2015 against which the arguments are happening now.

Click here for a summary document of various Hon Court proceeds and part of order copy

This being the factual information, it is seen that some informational claims started propagation where as neither that association nor it’s member (other than those who joined the EPF case along with AIGETOA Kerala) are not even a party to this legal fight. Let’s not forget that this particular association’s negative followers were very much vocal against reaching to Hon Court when our team decided to seek legal remedies for EPF full Pension option. Anyways, we are happy to see that they have understood the need of legal fight on this matter. It is also pertinent to mention that they are masters in credit mongering especially when it comes to benefits of BSNL Recruit’s without any actual ground work. The same type of elements had mislead the SAB Pension Vs EPF till AIGETOA opened the reality i.e. both are different. If the Rule-37A Clause 23 as envisaged at time of incorporation of BSNL then SAB would have effected from date of joining of BSNL recruits, then the story would have been different. From this aspect itself it was known that they were not at all interested in realizing the due rights of BSNL recruits. Let’s hope that legal fight for EPF Full Pension and average Salary condition to 12 month’s will be upheld by Hon SC also to help the people who are not protected by the Government statutory Pension. The arguments will continue today.

Notice for Circle Conference cum Annual General Meet of AIGETOA, UP East Telecom Circle

Circle Conference cum Annual General Meet (AGM) of All India Graduate Engineers & Telecom Officers Association, Uttarakhand Telecom Circle will be held on 21st August 2021 through online mode as per the provision in the constitution of AIGETOA.

Circle Conference cum AGM Schedule of UP East Telecom Circle:

Date of Circle Conference cum AGM: 21st August 2021(Saturday)

Venue of the AGM: Online Mode (Details will be conveyed to all participants)

Schedule of the Election: 21st August 2021(Saturday) from 02:00 PM onwards

Declaration of Result: 21st August 2021(Saturday) (after completion of election process)

Click here for the Notification of Circle Conference cum AGM of AIGETOA, UP East Telecom Circle