Tag: EPFO

EPFO becomes more subscriber friendly; launches WhatsApp helpline

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

EPFO links KYC details with UAN, subscribers to avail benefits digitally

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

Better to stick with earlier rates for PF contribution?

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

EPFO goes for automation, settles 36.02 lakh claims during lockdown

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

EPFO releases Rs 868 Cr pension and Rs 105 Cr arrears

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

EPFO issues clarifications, says lower PF contribution not compulsory

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

EPFO relaxes rules, will accept scanned copy of employee sign for...

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

EPFO relaxes norms to allow corrections online

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...

Ministry of Labour enables non-refundable advance for EPF members

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...

EPFO urges a/c holders to use online facilities

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

EPFO system hoodwinked by 9 lakh employees

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...

EPF subscribers can now update their online records themselves

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

Over 8 lakh formally employed in November, 2019

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...

NO change in application of EPF and MP Act says Govt.

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

Union government to allow reduction of monthly EPFO contribution

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

EPFO and SC differ on linking Aadhaar and PF accounts

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

Festive bumper for EPFO staff

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....

EPFO to launch e-inspection system, also proposes PF for domestic help

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

61.12 lakh jobs created in FY 2019

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)....

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.

Ten key skills required in an age of digital transformation

As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...

Employees need to hit the ‘pause’ button once in a while

Gone are the days when unused sickness leaves were carried forward by employees to the next year. Times are such that organisations are surprising...

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85 mn jobs will be lost, 97 mn created by 2025

While it is true that the increased use of machines will do away with 85 million jobs in the next five years, it is...

SYKES’ 5th centre in India to hire 150

SYKEs India, the digital marketing and customer service company has set up its third centre in Hyderabad, which is its fifth in the country....

US may stop issuing temporary business visa

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Gratuity to be paid on termination of employment only after 5 years of service

CG employees may get higher DA if new CPI-IW is implemented

If the Government decides to execute the new Consumer Price Index for Industrial Workers (CPI-IW), all Central government employees will stand to gain, because...

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“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...