Epfo

Epfo News

EPFO adds 15.32 lakh net subscribers in March; women’s participation in organised workforce rises
Business

EPFO adds 15.32 lakh net subscribers in March; women’s participation in organised workforce rises

Age-wise comparison of payroll data showed that the age group of 22-25 years has been on the forefront by registering the highest number of net enrolments, with 4.11 lakh additions during March 2022

EPFO cautions account holders against these mistakes; check what you can do to avoid big loss
Business

EPFO cautions account holders against these mistakes; check what you can do to avoid big loss

There are several ways in which fraudsters can steal your hard-earned money. Never share your PF account details over the phone or social media to avoid falling prey to online fraud

Need to update Date of Birth on EPFO portal? Here's your step-by-step guide to the process
Business

Need to update Date of Birth on EPFO portal? Here's your step-by-step guide to the process

In case the EPFO member doesn't have any of the documents listed above, they will have to submit a Medical certificate issued by civil surgeon after examining the member medically, supported by an affidavit on oath by the member duly authenticated by a competent court.

EPFO releases tutorial video to know Universal Account Number; check steps to follow
Business

EPFO releases tutorial video to know Universal Account Number; check steps to follow

UAN basically acts as an umbrella for the users having multiple-member identification numbers

EPFO allows EPS 95 pensioners to submit their life certificates anytime; check details here
Business

EPFO allows EPS 95 pensioners to submit their life certificates anytime; check details here

The EFPO has also mentioned a list of required documents that are required at the time of submitting their life certificate

EPFO interest rate better than other schemes, reflects today's realities, says Nirmala Sitharaman
Business

EPFO interest rate better than other schemes, reflects today's realities, says Nirmala Sitharaman

She said the decision to lower interest rate was taken by the central board of the provident fund managing body, EPFO, which has representatives of all stakeholders including employees' unions

EPFO fixes 8.1% as interest rate, a over four-decade low, on EPF deposits for 2021-22
Business

EPFO fixes 8.1% as interest rate, a over four-decade low, on EPF deposits for 2021-22

This is the lowest since 1977-78, when the EPF interest rate stood at 8 per cent.

PF rules change for Air India, 7,453 airline employees to receive social security benefits after Tata's takeover
Business

PF rules change for Air India, 7,453 airline employees to receive social security benefits after Tata's takeover

The approval was granted on 13 January after Air India Ltd applied for voluntarily cover under the EPF & MP Act 1952

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%
Business

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%

The finance ministry is expected to give its seal of approval to the decision soon

EPFO allows another withdrawal from employee provident fund due to COVID second wave; check steps here
India

EPFO allows another withdrawal from employee provident fund due to COVID second wave; check steps here

The EPFO has allowed subscribers to withdraw non-refundable advances in certain cases like illness and buying a house, among others

COVID-19 pandemic: Union labour ministry announces additional benefits under EPFO, ESIC schemes
India

COVID-19 pandemic: Union labour ministry announces additional benefits under EPFO, ESIC schemes

The dependents of insured persons with Employees' State Insurance Corporation (ESIC) who died due to COVID-19 will get pensions, as per the new announcement

UPSC defers EPFO (EO/AO) 2020 Exam due to rising COVID-19 cases; no new date announced
India

UPSC defers EPFO (EO/AO) 2020 Exam due to rising COVID-19 cases; no new date announced

The notification says that due to changing circumstances, health advisories issued by the Government of India, and lockdown restrictions, the commission is not in a position to conduct the examination and the interview

UPSC EPFO Admit Card 2020 released on upsc.gov.in; steps to download hall ticket
India

UPSC EPFO Admit Card 2020 released on upsc.gov.in; steps to download hall ticket

The written examination to fill 421 enforcement officer/accounts officer posts in the EPFO will be held in both Hindi and English and the question paper will comprise of multiple-choice questions

EPFO decides to retain 8.5% interest rate on provident fund deposits for FY 2020-21
India

EPFO decides to retain 8.5% interest rate on provident fund deposits for FY 2020-21

EPFO's decision comes amid speculation that the rate of interest would be lowered for this fiscal, in view of more withdrawals and less contribution from members due to COVID-19 pandemic

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today
India

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today

New EPFO enrolments have grown to 12.54 lakh in December 2020, a staggering 24 percent rise when compared to the same month for the year 2019

Take-home salary for Indian workers to fall from April 2021, but PF and gratuity will likely rise
India

Take-home salary for Indian workers to fall from April 2021, but PF and gratuity will likely rise

As per the draft rules of the Code of Wages, 2019, the basic salary component, which is used to calculate gratuity and provident fund contributions, have to be at least 50 percent of an employees' total pay or compensation

EPFO to pay 8.5% interest for FY20 in two instalments, cites COVID's impact on income
Business

EPFO to pay 8.5% interest for FY20 in two instalments, cites COVID's impact on income

An instalment of 8.15% will be paid for now, and the remaining 0.35% will be credited by December

EPFO provisional data reveals 3.18 lakh new enrolments in May, up from one lakh recorded during April 2020
India

EPFO provisional data reveals 3.18 lakh new enrolments in May, up from one lakh recorded during April 2020

The net new enrolments with the EPFO hover around 7 lakh every month on an average. It had had dropped to 5.72 lakh in March 2020 from 10.21 lakh in Feb

EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know
Business

EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know

The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension.

EPFO releases Rs 868 crore pension along with Rs 105 crore arrear for commutation
Business

EPFO releases Rs 868 crore pension along with Rs 105 crore arrear for commutation

Retirement fund body EPFO on Monday said it has released Rs 868 crore pension along with Rs 105 crore arrears on account of restoration of commuted value of (higher) pension