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Employees Provident Fund Organisation EPFO is set to revolutionize the way its members acce...
The Employees Provident Fund Organisation EPFO has introduced several measures to enhance the eff...
Government of India has introduced the Unified Pension Scheme UPS, a significant step aimed at pro...
The Employees’ Provident Fund Organization (EPFO) has released provisional payroll data for January 2025, showing a net addition of 17.89 lakh members. This marks an 11.48% increase compared to December 2024. Year-over-year, net payroll additions grew by 11.67% compared to January 2024. It is indicating more job opportunities and better awareness of employee benefits, supported […]
The Employees’ Provident Fund Organisation (EPFO) is set to complete the processing of all applications under Pension on Higher Wages (PoHW) by March 31, 2025. This was confirmed during the 112th meeting of the Executive Committee (EC) of the Central Board of Trustees, EPF as a press release on Feb 26. The meeting was chaired […]
Pensioners under Employees’ Provident Fund Organisation (EPFO) have intensified their demand for an increase in the minimum monthly pension amount from the current ₹1,000 to ₹9,000. This demand has gained momentum as pensioners across the country, including those in Nashik and Chennai, staged protests and submitted appeals to government authorities. The pensioners argue that the […]
Employees’ Provident Fund Organisation (EPFO), India’s statutory body managing retirement savings, is facing a significant challenge as a growing number of young subscribers are withdrawing their entire Provident Fund (PF) corpus prematurely. This trend, influenced by various socio-economic factors, threatens the long-term financial security of these individuals. It also undermines the core objective of the […]
The Employees’ Provident Fund Organisation (EPFO) has introduced key revisions to the Employees’ Deposit Linked Scheme (EDLI) during its 237th Central Board of Trustees (CBT) meeting on February 28, 2025. These changes aim to simplify the process of filing death claims for EPF family members and provide greater financial security. The new modifications will enhance […]
EPFO has increased the limit for advance claims processed automatically to ₹1 lakh. Earlier, only medical-related claims were allowed under this system, but now housing, education, and marriage advances are also included. As a result, 60% of these claims are now settled automatically within three days. EPFO reached a record high of 2.16 crore auto-claims […]
Employees’ Provident Fund Organisation (EPFO) is set to introduce a groundbreaking update, EPFO 3.0, which will allow subscribers to withdraw their PF savings directly from ATMs. This innovative system, announced by Union Labour Minister Mansukh Mandaviya, aims to simplify the withdrawal process, making it as seamless as withdrawing cash from a bank account. The update […]
The Employees’ Pension Scheme (EPS-95) is designed to provide social security and financial stability to employees and their families during retirement and in cases of disability or death. This scheme, administered by the Employees’ Provident Fund Organization (EPFO), ensures that members receive lifelong pension benefits, along with provisions for their dependents. It plays a crucial […]
Ministry of Labour and Employment has released a notice that strictly prohibits officials and officers of EPFO from engaging in Labour/EPF consultancy work. This ban extends to both direct involvement and indirect participation through family members. The directive is seen as a step towards enhancing accountability and maintaining the ethical standards of the EPFO. The […]
Employees’ Provident Fund Organisation (EPFO) has announced that the interest rate on provident fund (PF) deposits will remain at 8.25% for the financial year 2024-25. This decision, made during the Central Board of Trustees (CBT) meeting on February 28, 2025, is expected to benefit over 70 million EPFO subscribers. Alongside this announcement, the CBT also […]
Employees’ Provident Fund Organisation (EPFO) has introduced significant amendments to Employees’ Deposit Linked Insurance (EDLI) scheme, aimed at strengthening financial security for the families of deceased EPF members. These changes were approved during the 237th meeting of the Central Board of Trustees (CBT) on February 28, 2025. They are expected to benefit thousands of families […]
The Employees Provident Fund Organisation (EPFO) has processed 70% of applications under the Pension on Higher Wages (PoHW) scheme and aims to complete the remaining cases by March 31, 2025. EPFO has stated that a complete assessment can only be made after all higher pension applications are processed. Interim evaluations will continue for every 50,000 demand letters […]
