Tag: EPFO
EPFO warns employers of penalties for defaulting on employee PF contributions
The Employees’ Provident Fund Organisation (EPFO) has issued a stern warning to employers who fail to contribute to their employees’ Provident Fund (PF) accounts....
EPFO to hire additional staff for pension division
The pension division of the Employees' Provident Fund Organisation (EPFO) is set to expand its team, as it needs more hands to tackle the...
EPFO raises EPF interest rate to 8.25% for FY 2023-24
Employees' Provident Fund Organisation (EPFO) has announced on 10 February 2024, to give a significant boost to provident fund (PF) account holders by increasing...
EPFO launches system for employees to retrieve UAN
The Employees’ Provident Fund Organisation (EPFO) has come up with an online solution using which employees can retrieve their Universal Account Number (UAN), in...
Employers can upload wage info for higher pension by 31 May
The Employees’ Provident Fund Organisation (EPFO), has allowed employers another five months to upload wage details for higher pension. The last date is now...
2.81 lakh women join EPFO; 57% first-time job seekers are youngsters
The Employees' Provident Fund Organisation (EPFO) has added about 17 lakh new members on a net basis in June. As per the data revealed...
Byju’s delays PF payments yet again
Although Byju’s had assured that it would make all pending provident fund (PF) contributions of June by mid July, it looks like the ed-tech...
Central govt announces hike in EPF interest rate
On July 24, 2023, the union government of India made an important announcement regarding the employees provident fund (EPF) scheme. It has decided to...
EPFO extends date to apply for higher pension
Employees provident fund organisation (EPFO) has extended the deadline for employees to apply for a higher pension from the employees' pension scheme (EPS) for...
Byju’s employees PF dues to be cleared, assures EPFO board member
Byju’s, an online education platform, has been accused of not paying the due provident fund (PF) of its employees. When the employees raised their...
Ministry of Labour complies with SC’s directions regarding higher pension option
As per a press release by the Ministry of Labour and Employment, the EPFO has made arrangements for obtaining applications for validation of option...
8.15% interest rate on EPF deposits for 2022-23: EPFO
From 8.5 per cent in 2020-21, the Employees’ Provident Fund Organisation (EPFO) had lowered the interest rate to 8.1 per cent in 2022. Now,...
EPFO’s renewed deadline announced by Labour Ministry
The Employees’ Provident Fund Organisation (EPFO) has been taking various measures to improve the pension benefits received by its subscribers. It recently introduced a...
Is EPFO demanding too many documents for claim of higher pension?
With the Employees’ Provident Fund Organisation (EPFO) requiring pensioners to submit several documents and proofs in order to claim higher pension, it is believed...
EPFO issues circular regarding higher pension claim
A circular has come from the Employees’ Provident Fund Organisation (EPFO) to all regional offices along with instructions on how to implement the Supreme...
EPFO may amend pension scheme
The Ministry of Labour and the Employees’ Provident Fund Organisation (EPFO) are planning to re-examine the Employee Pension Scheme (EPS) so that it becomes...
EPFO adds over 12 Lakh net members in October 2022 -EPFO...
The EPFO provisional payroll data released by the Labour Ministry on 20 Dec 2022 shows an increase of 12.94 lakh members in the month...
Will wage ceiling for EPFO’s retirement saving scheme be revised?
As per media reports, there is a likelihood of the Government revising the wage limit for the retirement saving scheme of the Employees’ Provident...
EPFO adds 16.82 lakh net members in Sept. 2022
As per the provisional data released by the Employees’ Provident Fund Organisation (EPFO), 16.82 lakh net members have been added to EPFO in September...
Deadline for joining EPF pension scheme extended by SC
The Supreme Court ruled that employees will be given six more months to opt to join the Employees’ Pension Scheme if they haven’t already...
EPFO facilitates digital submission of pensioners’ life certificates
As per the latest guidelines issued by the Employees’ Provident Fund Organisation (EPFO), pensioners covered under the pension scheme (EPS) can now submit their...
More men re-enter workforce than women: Data
After leaving job or quitting work, it appears that more men re-join the workforce than women. According to the National Statistical Office’s payroll data,...
Air India staff to get social security benefits under EPFO
Following the privatisation of Air India, its employees have now been covered under the Employees' Provident Fund & Miscellaneous Provisions Act 1952, starting December...
EPFO approves centralised system of money transfer without EPF account change
Employees’ Provident Fund Organisation's (EPFO) Central Board of Trustees (CBT) has approved the development of a centralised IT- enabled system by C-DAC, which will...
Air India to shift PF accounts to EPFO before ownership transfer
Air India will shift its employees’ provident fund accounts to the Employees’ Provident Fund Office (EPFO) before the ownership of the Airline is transferred....
6 crore EPF subscribers to get interest soon
The Employees’ Provident Fund Organisation (EPFO) has communicated through a tweet that it will soon credit the interest of 8.5 per cent, in full,...