Tag: EPFO

Principal employers can now easily view the compliances of their contractors, thanks to the Employees' Provident Fund Organisation’s (EPFO) newly launched electronic facility. With this...

Employees’ Provident Fund Organisation (EPFO) has paid over Rs 14,000 crore towards settlement of 56.79 lakh COVID-19 non-refundable advance claims, last year. Following the virus...

Subscribers of the Employees’ Provident Fund (EPF) may get the entire 8.5 per cent declared interest rate for the financial year 2019-20 in one...

For two consecutive years, the Government will cover the 24 per cent that employees and their employers contribute towards the Employees’ Provident Fund (EPF)...

The Government of India has announced the Atmanirbhar Bharat Rozgar Yojana (ABRY), to create more jobs. The scheme will offer employment generation incentives to...

Employees’ Provident Fund Organisation (EPFO) is well on the path to becoming more subscriber friendly than ever before. Close on the heels of the...

The Employees’ Provident Fund Organisation (EPFO) has successfully updated its database of subscribers with the Know Your Customer (KYC) details, such as mobile numbers,...

To enable people to have more cash in their hands amidst this pandemic, the Employees’ Provident Fund Organisation (EPFO) has allowed employees to contribute...

The Employees' Provident Fund Organisation (EPFO), has been striving to ensure timely and effective delivery of service to its subscribers. Even during the lockdown,...

As per a confirmation from the Ministry of Labour & Employment, the Employees’ Provident Fund Organisation (EPFO) has released Rs 868 crore pension in...

On May 18, the Government had issued a notification regarding the lowering of contribution towards the Employees’ Provident Fund or EPF, for both the...

The Employees' Provident Fund Organisation (EPFO) has been doing its bit to help out its subscribers during the lockdown. It has relaxed the rule...

On March 26, the Government announced a relief package mentioning that it would contribute both the employee’s and the employer’s share of the PF...

The Labour Ministry issued a notification on March 29 amending the Employees’ Provident Fund scheme, 1952 to allow EPF subscribers to withdraw non-refundable advance...

Even with a nationwide lockdown pushing people to stay indoors, individuals worried about their provident fund accounts no longer need to do so. The...

Almost 80,000 companies have been found to have been wrongly availing the benefits of the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), aimed at bringing...

The Employees' Provident Fund Organisation (EPFO) has been consistently trying to make life simpler for account holders. Not only has it simplified the process...

According to the payroll data released by EPFO, over 4 lakh of those who joined the formal workforce, belong to the 18-25 age group According...

There were reports in the media that the Central Government has made changes under the Employees’ Provident Funds and Miscellaneous Provisions (EPF and MP)...

Employees may now be able to take home higher salaries if the organised sector is allowed to reduce the monthly mandatory deductions on account...

Many technology companies have sought Government intervention because their employees refuse to link their Aadhaar numbers with their provident fund (PF) accounts, because the...

The non-gazetted employees (belonging to Groups B and C) of the Employees’ Provident Fund Organisation (EPFO), will receive a 60 days’ productivity-linked Diwali bonus....

With an aim to make the inspection process simple and eliminate physical inspection as far as possible, the Employees’ Provident Fund Organisation (EPFO) will...

A total of 61.12 lakh jobs were created in the financial year 2019, as per the payroll data from Employees’ Provident Fund Office (EPFO)....

The Employees’ Provident Fund Organisation (EPFO), the retirement fund body, has introduced amendments that now permit its subscribers to withdraw up to 75 per...

According to the data released by the Employees’ Provident Fund Organisation (EPFO), 91 lakh workers seem to have dropped out of EPFO last year....

If PF contribution is part of the CTC, don’t miss out on asking the employee to pass on those extra few bucks.

A total of 44.74 lakh jobs were created in the formal sector during September 2017–May 2018

This move will offer financial security to employees who may have lost their jobs.

Establishments registered with EPFO will need to have a Labour Identification Number (LIN) allotted to them under the Shram Suvidha Portal to avail this scheme. 

The unified mobile application for new-age governance (UMANG) appis all set to make life easier for pensioners.

As per media reports, the personal and professional details of about 2.7 crore members registered with the EPFO have been exposed to data theft. 

According to the data, 1.25 million young Indians joined the workforce between September 2017 and February 2018. 

The facility on the e-KYC Portal has further added a new feature to link UAN with Aadhaar online using biometric credentials.

NPS is a voluntary, defined contribution retirement savings scheme for Indian employees during their working life.

Here is the story of a brave HR professional, who stood by his people, fought against PF evasion at MW High Tech Projects India, and paid a hefty price.

EPFO advises members to refrain from withdrawing funds fully for trivial reasons

The EPFO has proposed to move towards the centralised payment system using the National Payments Corporation of India (NPCI) platform.

The PF account can be automatically transferred through Form 11.

EPFO has decided to go digital for the convenience of its lakhs of subscribers and pensioners.

Employees will no longer require to change or close their PF accounts when switching companies or jobs.

The agenda for lowering the rate of contribution from the present 12 per cent to 10 per cent was considered, in a meeting of the Central Board of Trustees (CBT) and Employees’ Provident Fund (EPF).

IWs faced a lot of problems when returning to India, in terms of higher contributions and restrictions on the withdrawal of accumulated balance.

The Central Board of Trustees (CBT) has turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.

In a bid to increase social security and enhance worker awareness EPFO has taken significant measures to provide more benefits to members and ease the withdrawal process.

EPFO is all set to embrace technology in a major way, enabling online withdrawal of PF funds and quicker settlement of claims.

 

Companies which had not earlier enrolled their employees under the EPF scheme can now do so, against payment of a minimal damage fee of Re 1 per year of default.

The proposal — likely to be approved — allows the subscribers the option of voluntary retention of EDLI membership, at a lesser rate of contribution, for three years following loss of job.

Employees can now withdraw their provident fund money without employers' permission.