1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
My property Stores | Thane Logo

Provident Fund Organization Might Offer Real Estate In Order To Customers New Delhi

Apart from controlling pension money, EPFO or even Employees' Provident Fund Organization can come away having a system to supply real estate in order to the more than five crore customers upon extra factor associated with ten percent.

 
PRLog - Jan. 27, 2014 - Provident FundOrganizationMight Offer Real Estate In Order To Customers New Delhi

Apart from controlling pension money, EPFO or even Employees' Provident Fund Organization can come away having a system to supply real estate in order to the more than five crore customers upon extra factor associated with ten percent through all of them off their fundamental income each month.

The concept had been mooted through Work Minister Oscar Fernandez throughout a good EPFO functionality upon Weekend.

"EPFO may take additional ten percent of the fundamental income on the obligatory factor associated with twelve % created by all of them presently. The cash may be used to offer all of them real estate service, inch this individual stated.

The actual minister stated the majority of the employees all through their own operating living reside in hired lodging and the whole preserving upon pension is actually used on buying a home.
Presently, almost all employees protected underneath the EPFO plans, spend twelve percent of the fundamental income towards PF factor each month. The fundamental income consist of fundamental spend as well as dearness permitting.

Mentioned the actual minister's suggestion, EPFO's main Provident Fund Commissioner K K Jalan, "We will certainly focus on the actual suggestion. This individual (the minister) provides extensive encounter. inch According to an additional recognized, EPFO experienced previously built homes as well as supplied in order to employees protected below the system.
Still they were doing not need to create any extra factor throughout the Sahib Singh Verma's period because Work Minister.

EPFO features an ensemble associated with about Rs. five lakh crore as well as gets a good progressive build up associated with more than Rs. sixty, 000 crore each year.
A good EPFO customer stated, "The entire body has got the massive monetary power to consider any kind of large real estate task and this. However you have to find out which the number of people stomach toward have a reduce associated with ten % reduce on the fundamental income.”

For More Details Contact Us

My Property Stores

mypropertystores01@gmail.com

http://www.mypropertystores.com

Mob: 8689999053

Phone No: 02261880464


Contact
My Property Stores
08689999053
***@gmail.com

--- End ---

Click to Share

Contact Email:
***@gmail.com
Source:My Property Stores
Location:India
Industry:Property, Real Estate
Tags:real estate thane, property thane, flats in thane, commercial property
Shortcut:prlog.org/12273694
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share