Karmachari Sanchaya Kosh Announces New Schemes:
On the auspicious occasion of entering the 59th year of the establishment of the Employees' Provident Fund, with the determination to remain committed to the satisfaction of all the savers and contributors of the pension scheme; We express our best wishes to all the stakeholders with the commitment to make the services and facilities of the fund more quality and sustainable.
A. Statement
| Provident Fund | Retirement Fund |
| Contributor Individual: 0.628 Million | Contributor Individual: 14400 |
| Contributor Offices: About 25000 Offices | Contributor Offices: About 500 |
B) Karmachari Sanchaya Kosha Offices:
| Central Office | Pulchowk, Lalitpur Thamel Office: Tridevi Marg, Thamel |
| Branch Offices | Biratnagar, Janakpur, Hetauda, Pokhara, Butwal, Kohalpur, Surkhet and Dhangadhi Service Centers: Dhankuta, Singha Durbar, and Pulchowk |
C) Financial position for the financial year 2076/77:
| Reserve fund Rs. 350.60 billion | Retirement Fund Rs. 0.47 billion |
| Reserve fund and savings Rs. 30.75 billion | Liabilities Rs. 5.33 billion |
| Total resources Rs. 387.15 billion | The total investment is Rs. 382.54 billion |
D) Interest and Profit:
- Interest Rate on Provident Fund and Retirement Fund: 7 percent,
- Profit on Provident Fund: 15 percent
Borrowing facility:
|
Special Loan: |
Up to 80% of Savings Fund Amount (Interest Rate: 8.25%) |
|
Home mortgage: |
up to a maximum of Rs 10 million (interest rate: up to Rs 4 million 8.50 8.25 percent and above 4 million 8.50 percent) |
|
Educational loan: |
Rs. 1 million to Rs. 2.5 million (interest rate: 8.50%) |
|
Simple Cycle Loan: |
Maximum Rs. Up to 3 million (interest rate: 9.00 percent) |
|
Home maintenance loan: |
Maximum Rs. Up to 25 lakhs (interest rate: 8.50%) |
Savings loan interest discount due to Covid-19: Rs. 84.3 million to 15,903 savers in FY 2076/77
Social Security Features:
| Accumulator Health Care Scheme: | Accumulator will be provided Rs. Up to Rs. 1 lakh and maximum Rs. Up to Rs. 1 million will be provided. |
| Other Social Security Programs: | Maternity and Child Care Program: Rs. 7500 per delivery. |
| Accident Compensation Scheme: | Rs. 2 lakh, ceremonies |
| Grant: | Rs. 40,000 will be provided to the rightful owner as a financial grant. |
Contract Details:
Employees' Provident Fund (Karmachari Sanchaya Kosh), Pulchowk, Lalitpur.
Phone No .: 01-5010165, 01-5010166
website: www.epfnepal.com.np
