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Employees Provident Fund Organisation EPFO has completed the processing of . lakh application...
India has recorded a significant rise in womens employment in the formal workforce, with the Labour...
Government of India has received formal representations from trade unions, pensioners associations,...
Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with a budgetary outlay of ₹99,446 crore. The scheme, announced in the Union Budget 2024–25, is designed to incentivize both first-time employees and employers creating sustained new jobs across sectors, with a special focus on manufacturing. ELI Scheme Overview and Registration Timeline The ELI Scheme […]
Employees’ Provident Fund Organisation (EPFO) has reported its highest-ever monthly net member addition of 20.06 lakh in May 2025. This figure includes 9.42 lakh new subscribers, reflecting a surge in workforce formalization and heightened awareness of social security benefits. The data, released by the Ministry of Labour and Employment, underscores the impact of targeted outreach […]
As the September 30 deadline approaches, central government employees face a pivotal decision: whether to remain in the New Pension System (NPS) or opt for the newly introduced Unified Pension Scheme (UPS). The choice carries long-term implications for retirement security, income stability, and financial planning. With both schemes now offering comparable tax benefits, the decision […]
Ministry of Labour and Employment has formally notified relaxed eligibility criteria for Employees’ Deposit Linked Insurance (EDLI) scheme under Employees’ Provident Fund Organisation (EPFO). The Central Board of Trustees approved these changes in February 2025, and they were officially notified on July 18. They aim to strengthen financial protection for families of deceased employees, especially […]
Employees’ Provident Fund Organisation (EPFO) is reportedly considering a proposal to allow full or partial withdrawal of Provident Fund (PF) balances after 10 years of service. If implemented, this would mark a significant departure from the current rules, which restrict full withdrawal to retirement at age 58 or prolonged unemployment. EPFO Current Rules vs Proposed […]
Employees’ Provident Fund Organisation (EPFO) has officially approved a sevenfold increase in the minimum monthly pension under the Employees’ Pension Scheme (EPS-95)—from ₹1,000 to ₹7,500. The hike, effective April 2025, will benefit over 78 lakh pensioners across India, offering substantial financial relief amid rising inflation and cost-of-living pressures. EPFO: Why the Pension Hike Was Needed […]
Employees’ Provident Fund Organisation (EPFO) has revised its PF withdrawal norms under the EPF Scheme, 1952, offering significant relief to first-time homebuyers. The newly introduced Para 68-BD allows EPFO members to withdraw up to 90% of their PF corpus for housing-related expenses—including down payments, EMIs, and construction costs—after just three years of account opening, down […]
Employees’ Provident Fund Organisation (EPFO) has begun crediting 8.25% interest for the financial year 2024–25 into member accounts, significantly ahead of its usual schedule. Traditionally credited between August and September, this year’s update started in early July, with over 96.51% of accounts already updated as of July 8. Labour Minister Mansukh Mandaviya confirmed that the […]
Employees’ Provident Fund Organisation (EPFO) has announced a comprehensive strategy to improve its grievance redressal system, aiming to ensure that no complaint or related document remains unattended for more than seven working days. This move comes in response to a surge in stakeholder grievances, with over 2 million complaints registered in FY 2024–25 across various […]
Employees’ Provident Fund Organisation (EPFO) has begun crediting 8.25% interest for the financial year 2024–25 into member accounts. Union Labour Minister Mansukh Mandaviya confirmed that the process, which traditionally stretches into the latter half of the year, is expected to be fully completed within this week, marking a significant improvement in operational efficiency. The announcement […]
Employees’ Provident Fund Organisation (EPFO) Regional Office in Mangaluru has announced a bold target to enrol 25,000 first-time employees under the newly launched Employment-Linked Incentive (ELI) Scheme, aimed at accelerating formal job creation across the Dakshina Kannada region. The initiative is part of a nationwide rollout of the ELI scheme, introduced in the Union Budget […]
The Employees’ Provident Fund Organisation (EPFO) has increased the auto claim settlement limit from Rs 1 lakh to Rs 5 lakh. This update was shared by Labour and Employment Minister Mansukh Mandaviya. Highlights The change allows over 7.4 crore members to submit claims for up to Rs 5 lakh for needs like education, medical treatment, […]
