Tag: EPFO

EPFO amends rules, allows subscribers to withdraw entire fund within 2...

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

91 lakh workers dropped out of EPFO in 2017

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

Effects of lower PF contribution on your salary

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

Around 7.43 lakh jobs added in May: EPFO

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

Now withdraw 75% of PF just after a month of quitting

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

Govt to pay employers’ contribution to the provident fund till March...

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. 

EPFO subscribers can now access pension passbook through UMANG App

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

PF portal hack: EPFO affirms no data leakage

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. 

Decoding EPFO data for job estimation

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

EPFO introduces new facilities to link UAN and Aadhaar

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

National Pension Scheme allows 25% withdrawal before maturity

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

How HR head Abhishek Mishra paid the price for being a...

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.

Employees withdrawing full PF money will lose social security benefits

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

EPFO proposes to move towards centralised payment system

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

Transfer of EPF account while switching jobs becomes convenient

The PF account can be automatically transferred through Form 11.

Mobile App ‘m-EPF’ to help employees check their PF balance and...

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

Change jobs but not your PF account

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

EPFO considers reduction in PF contribution

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).

Indian employees with IW status will reacquire prior status on repatriation:...

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

No change in contribution to Provident Fund at 12 percent: EPFO

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

EPFO to further simplify its process; no supporting document required for...

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.

Get your PF money in 3 hours

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

 

Catch up: Organisations can now enrol employees under EPF amnesty scheme

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.

EPFO to provide three-year life cover after job loss

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.

PF withdrawal gets easier

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

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