Employee Provident Fund Organization: HR News, Trends & Workplace Insights

Latest Employee Provident Fund Organization HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Employee Provident Fund Organization.

Updated on: May 2023
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Will implement higher pension order: Minister Bhupender Yadav
EPFO

Will implement higher pension order: Minister Bhupender Yadav

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation‘s (EPFO) recent circular complies with the Supreme Court order. It has laid down the terms and conditions for an EPFO subscriber for getting a higher pension. EPFO released a new circular on February 20, 2023. The EPFO has issued instructions in compliance with orders contained […]

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EPFO fixes 8.15% interest rate on EPF for 2022-23
EPFO

EPFO fixes 8.15% interest rate on EPF for 2022-23

The Employees Provident Fund Organisation (EPFO) has fixed an 8.15% interest rate on employees’ provident funds for 2022-23. Earlier, in the year 2021-22, the EPFO had reduced the interest rate to 8.10% and this was the lowest interest rate ever since 1977-78. According to reports, The EPFO decision-making body Central Board of Trustees (CBT) has decided to […]

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Just before SC hearing EPFO higher pension form was “missing”
EPFO

Just before SC hearing EPFO higher pension form was “missing”

Recently, The Employees’ Provident Fund Organisation (EPFO) unified members’ portal has been activated for opting for higher pensions. However, as per the reports of TOI, it stated that the retiree Registration forms on the unified portal for subscribers to sign up for pension went missing for a few hours on Tuesday. This comes just before Supreme […]

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EPFO: EPF interest rate expected to be around 8% for 2022-23
EPFO

EPFO: EPF interest rate expected to be around 8% for 2022-23

According to Economic times reports, EPFO’s Central Board of Trustees can keep the interest rate at 8% likely for 2022-23. The EPFO trustees meeting is scheduled on March 25-26, they will be discussing and determining the interest rate for the year 2022-23. Earlier, in the year 2021-22, the EPFO had reduced the interest rate to […]

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EPFO extends last day to opt for higher pension by 60 days
EPFO

EPFO extends last day to opt for higher pension by 60 days

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has recently released a circular for eligible employees to opt for a higher pension under Employees Pension Scheme (EPS-95). The earlier last date to apply for the provision of a higher pension was March 3, 2023. Now, EPFO has extended the last day to […]

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EPFO members are eligible for a higher pension: Will you opt for it?
EPFO

EPFO members are eligible for a higher pension: Will you opt for it?

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) has released a circular for eligible employees to opt for a higher pension under Employees Pension Scheme (EPS). Earlier, the pension you got was capped at a basic salary of Rs 15,000 a month. Now, it is possible to link it to […]

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EPFO adds 14.93 lakh net members in December 2022
EPFO

EPFO adds 14.93 lakh net members in December 2022

The provisional payroll data of the Employees’ Provident Fund Organisation (EPFO) highlights that EPFO has added 14.93 lakh net members in December 2022. A year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December 2022 as compared to the corresponding month during last year in 2021. Out of 14.93 […]

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EPFO: Provisions covered under SSA For International Workers
EPFO

EPFO: Provisions covered under SSA For International Workers

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has stated provisions that are covered under Social Security Agreement (SSA) For International Workers. What is Social Security Agreement (SSA)? A social security agreement or SSA is an agreement between two countries that provides for the protection of the interests of cross-border workers. […]

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PF withdrawal rule changed: Rule for PF amount, filing ITR
EPFO

PF withdrawal rule changed: Rule for PF amount, filing ITR

The rule for Provident Fund (PF) withdrawal is changed for non-PAN cases. The new rule is applicable if money is withdrawn before five years of the account opening for non-PAN holders. In addition to this, the whole withdrawal amount will remain taxable and PF contributions above Rs.2.5 lakhs per annum would also remain taxable. The Honorable Union […]

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EPFO to review the pension of these retired members
EPFO

EPFO to review the pension of these retired members

EPFO will re-examination of cases of pension on Higher Wages of employees who had retired up to 1 September 2014 without exercising any option under Para 11(3) of pre-amended EPS’95. This comes a month after laying out the eligibility criteria and procedures for availing higher pension in line with the Supreme Court’s November order. The […]

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EPFO launches “Nidhi Aapke Nikat 2.0” District Outreach Program
EPFO

EPFO launches “Nidhi Aapke Nikat 2.0” District Outreach Program

Employees’ Provident Fund Organisation (EPFO) launched a massive district outreach program in all the districts of the country through a revamped Nidhi Aapke Nikat program. This program aims to reach all the districts of the country on the same day i.e. the 27th of every month. EPFO organized camps in 685 districts of the country. The […]

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EPFO adds 16.26 lakh net members in November 2022
EPFO

EPFO adds 16.26 lakh net members in November 2022

The provisional payroll data of the Employees’ Provident Fund Organisation (EPFO) that was released highlights that EPFO has added 16.26 lakh net members in November 2022. The data indicates an increase of 25.67% in net additions compared to the previous month in October 2022. A year-on-year comparison of payroll data reflects an increase of 16.50% […]

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