EPFO: HR News, Trends & Workplace Insights

Latest EPFO HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on EPFO.

Updated on: Jun 2024
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EPFO adds 14.41 lakh net members during March 2024
EPFO

EPFO adds 14.41 lakh net members during March 2024

One of the two main social security organization, The Employees’ Provident Fund Organisation (EPFO) has released the provisional payroll data on 20th May, 2024. The data that was published by EPFO highlighted that it had added 14.41 lakh net members in the month of March, 2024. The data indicates that around 7.47 lakh new members have been […]

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EPFO launches Auto Claim Settlement for Education, Marriage, Housing
EPFO

EPFO launches Auto Claim Settlement for Education, Marriage, Housing

The Employees’ Provident Fund Organisation (EPFO) has now introduced auto-mode settlement of advance claims for education & marriage and housing. EPFO has introduced an Auto Claim Solution where in claim is processed automatically by the IT system without any human intervention. Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance […]

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EPFO Evaluates Action for Recent Judgment on International Workers
EPFO

EPFO Evaluates Action for Recent Judgment on International Workers

One of the two main social security organization, The Employees’ Provident Fund Organisation (EPFO) acknowledges the recent judgment issued by the esteemed High Court of Karnataka. India presently has social security agreements with 21 countries. These agreements ensure continued social security coverage for employees from these nations on a mutually reciprocal basis. When citizens from […]

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EPFO Feb 2024 addition: 18-25 Age Group Dominates at 56.36%
EPFO

EPFO Feb 2024 addition: 18-25 Age Group Dominates at 56.36%

One of the two main social security organization, the Employees Provident Fund Organisation (EPFO) provisional payroll data was released on 20 April 2024. The data that was shared highlights that EPFO has added 15.48 lakh net members in February 2024. However, in January EPFO has added 16.02 lakh net members in the month. The data […]

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EPFO new rule allows Rs. 1 lakh partial withdrawal for medical needs
EPFO

EPFO new rule allows Rs. 1 lakh partial withdrawal for medical needs

One of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has revised the eligibility threshold for auto claim settlements under Paragraph 68J, doubling it from Rs. 50,000 to Rs. 1 lakh. This initiative, outlined in a recent circular, aligns with the […]

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EPFO wage ceiling may increase to Rs. 21,000 from Rs. 15,000
EPFO

EPFO wage ceiling may increase to Rs. 21,000 from Rs. 15,000

As reported by ET, one of the two main social security organizations under the Government of India’s Ministry of Labour and Employment, the Employees’ Provident Fund Organisation (EPFO) is expected to increase the wage ceiling to Rs. 21,000 from Rs. 15,000. After being sidelined for years, the proposal is getting fresh attention. In 2014, the government revised […]

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EPFO New Rules Effective From April 1, 2024
EPFO

EPFO New Rules Effective From April 1, 2024

Starting April 1, EPFO will implement significant changes in employee provident fund regulations, impacting contributors and beneficiaries. These changes are expected to benefit employees and employers alike, ensuring smoother operations within the provident fund system. According to various sources and Mint reports, the new EPF rule will enable automatic transfer of employees’ funds when changing […]

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Youth (18-25 age) dominate Jan. 2024 New Member Additions Data
EPFO

Youth (18-25 age) dominate Jan. 2024 New Member Additions Data

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data on 24th March 2024 highlights that a noticeable aspect of Youth (18-25 age) dominated in January 2024 New Member Additions Data. The data is the dominant of the 18-25 age group, constituting a significant 56.41% of the […]

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HR Manager demanded sex favour for deceased father’s PF
EPFO

HR Manager demanded sex favour for deceased father’s PF

In the latest development, an incident surfaced from Mumbai where an HR Manager demanded sexual favors in exchange for releasing a 23-year-old girl’s deceased father’s Provident Fund (PF). The incident was reported by TOI, In the complaint, the woman said: “Despite submitting multiple forms to claim the PF, I did not receive it.” “After being […]

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EPFO: Relief for EPF Members, Declaration Form Update
EPFO

EPFO: Relief for EPF Members, Declaration Form Update

As reported by the ET, one of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has specified that the EPF account holders will be exempted from submitting a joint declaration form, a vital document requiring both employee and employer signatures. In […]

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EPFO warns default employers not contributing employee PF fund
EPFO

EPFO warns default employers not contributing employee PF fund

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) warned employers defaulting on contributions, are liable to pay damages and Interest on the amount due. EPFO said that employers defaulting on contributions are liable to pay Damages u/s 14B and interest u/s 7Q on the due amount. The employers should ensure timely payment […]

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Latest update on EPS-95 Higher Pension; deadline, cases solved…
EPFO

Latest update on EPS-95 Higher Pension; deadline, cases solved…

Earlier an online facility was made available by EPFO for submitting EPS-95- Higher Pension; Applications for Validation of Options/Joint Options for pension on higher wages. The facility was for eligible pensioners/members in compliance with the Hon’ble Supreme Court order dated 04.11.2022. The facility was launched on 26.02.2023 and was to remain available only till 03.05.2023. […]

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