Photo: MintNew Delhi: Retirement fund body EPFO is considering crediting subscribers’ share of its investments in ETFs to their provident fund accounts which may be redeemed at the time of taking advances. The Employees’ Provident Fund Organisation’s (EPFO) has sought views from the Comptroller and Auditor General (CAG) in this regard. The CAG is likely to give its comments shortly, Central Provident Fund Commissioner V P Joy told PTI. Once approved, the share of subscribers in the form of ETF units will be credited to their accounts. All rules of Employee Provident Fund withdrawals and advances will be applicable on ETF units redemption also.

Source: Mint August 27, 2017 08:26 UTC