Epfo

Epfo News

Employee Pension Scheme: Possible to exit after applying for higher EPS pension?
Business

Employee Pension Scheme: Possible to exit after applying for higher EPS pension?

Once an employee has submitted an application for a higher EPS pension, it is crucial to understand that they are not allowed to terminate their participation or withdraw from the scheme

Higher pension under EPS can lead to lower EPF contribution; what you need to know
Business

Higher pension under EPS can lead to lower EPF contribution; what you need to know

Read to know about the things that taxpayers need to consider before choosing between higher EPF and EPS

What is EPFO? All about the organisation and its importance for employees
India

What is EPFO? All about the organisation and its importance for employees

The Employees’ Provident Fund Organization (EPFO) aims to promote employees to save funds for retirement 

EPFO extends deadline of applying for higher pensions under EPS; check details
Business

EPFO extends deadline of applying for higher pensions under EPS; check details

Following the Supreme Court order, the four-month period for filing for a higher pension was to end on 3 March. However, it was extended till 3 May, which has now been extended to 26 June

3 May is the deadline for higher EPFO pension: Should you opt for it?
Explainers

3 May is the deadline for higher EPFO pension: Should you opt for it?

Tomorrow is the last day to apply for a higher pension under the Employees' Pension Scheme (EPS). Experts say employees must consider a variety of factors including their own finances, the pension they are likely to receive and the EPF sum they are giving up before taking such a call

EPFO addresses concerns over higher pension under EPS in its official circular
India

EPFO addresses concerns over higher pension under EPS in its official circular

EPFO will provide an opportunity to the employer to submit additional proof or evidence, or correct any mistakes or errors (including those made by employees/pensioners) before rejecting the form.

Explained: Should India’s salaried class opt for EPFO’s higher pension option?
India

Explained: Should India’s salaried class opt for EPFO’s higher pension option?

The Employee Provident Fund Organisation, the government retirement fund body, has issued new rules under which members as on 1 September 2014 can go beyond the pensionable salary capped at Rs 15,000 per month. However, does this come with a trade off?

What is Annexure K and why is it needed? Check step-by-step process to download
Business

What is Annexure K and why is it needed? Check step-by-step process to download

Here are the steps that you are required to follow in order to download the Annexure K.

E-Shram portal: What is it and how does it benefit unorganised workers? Here’s how to register
Business

E-Shram portal: What is it and how does it benefit unorganised workers? Here’s how to register

All farmers and labourers will have access to government programs on a single website thanks to the creation of the e-Shram portal

These pensioners can submit Life Certificate any time; check details
Business

These pensioners can submit Life Certificate any time; check details

The EPFO pensioners can submit their Life Certificates either digitally or physically. If you are opting for the offline mode, then you will have to visit the bank or a post office

Want to update name, date of birth in EPFO records as per Aadhaar? Check step-by-step process
Business

Want to update name, date of birth in EPFO records as per Aadhaar? Check step-by-step process

Individuals can visit the Member Unified Portal to update their name and date of birth (DOB) in EPFO records to match their Aadhaar Card

Explained: Supreme Court's EPF decision and what it means for you
FP Explainers

Explained: Supreme Court's EPF decision and what it means for you

The apex court ruling means Employees Provident Fund Organisation members can now contribute 8.33 per cent of their actual salaries rather than 8.33 per cent of the pensionable salary which was capped at Rs 15,000 per month. This means those who choose to do so will get a larger retirement lumpsum

EPFO starts crediting interest to PF accounts; steps to check your EPF balance
Business

EPFO starts crediting interest to PF accounts; steps to check your EPF balance

You can check if your EPFO interest has been credited via SMS as well. Type ‘EPFOHO UAN’ and send it from your registered mobile number to 7738299899

EPFO subscribers expected to receive entire PF interest amount after Diwali: Reports
Business

EPFO subscribers expected to receive entire PF interest amount after Diwali: Reports

The finance ministry said earlier this month that the interest amount is being credited into subscribers' accounts and if it wasn't apparent in the account statements, it was because the EPFO software is being upgraded

EPF withdrawal: How to withdraw money from PF account
Business

EPF withdrawal: How to withdraw money from PF account

EPF account holders can make a request for the withdrawal of funds from their account on the EPFO portal.

These pensioners get exemption from annual life certificate November submission deadline
Business

These pensioners get exemption from annual life certificate November submission deadline

Pensioners must have a valid Pension Payment Order (PPO) number, bank account, Aadhaar card and a mobile number linked with an Aadhaar card

EPFO adds 18.23 lakh net members in July; 27.5% of new members women
Business

EPFO adds 18.23 lakh net members in July; 27.5% of new members women

Year-on-year comparison of enrolment data shows that new membership of females in the organised workforce jumped by 34.84 percent in July this year, compared to the corresponding month in 2021

EPFO aims to gain strong presence in Africa and Latin America: Report
Business

EPFO aims to gain strong presence in Africa and Latin America: Report

The long term vision for the organisation has been approved at the top level and discussions will be held with all the stakeholders

India negotiating social security pacts with US, UK: Union Minister Bhupender Yadav
India

India negotiating social security pacts with US, UK: Union Minister Bhupender Yadav

SSAs with these countries would ensure that employers are saved from making double social security contributions for the same set of employees -- posted in other countries -- under social security schemes

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22
Business

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22

The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent