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Employees' Provident Fund Organisation News

Employees' Provident Fund Organisation

02 Aug 2024

EPF A/c Personal Deets: EPFO Outlines 12 Parameters On Major And Minor Changes

For the purpose of assigning tasks to the competent authority, the changes are classified as major and minor changes in the 12 Parameters by the EPFO.

Employees' Provident Fund Organisation

08 May 2024

PF, Pension Schemes For International Workers In India: Check EPFO's Response

The Karnataka HC Judgment pertains to the specific provisions for International Workers outlined in EPFO, which were deemed to be inconsistent with the Constitution.

11 Apr 2024

EPFO Introduces Automatic Transfer Of EPF Accounts: How It Works? Check

It's essential to note that this facility is available only to EPF members whose EPF accounts, both old and new, are maintained by the EPFO.

Employees' Provident Fund Organisation

20 Feb 2024

8.41 Lakh New Members Enrolled With EPFO During December 2023

EPFO added 15.62 lakh net members during December 2023, the payroll data showed.

Employees' Provident Fund Organisation

02 Feb 2024

What Will Happen To Pensions Of EPS member Having Multiple Account Numbers?

EPFO has released a detailed guidelines on the pension situation where an EPS member has multiple accounts.

Employees' Provident Fund Organisation

16 Jun 2023

EPFO Simplifies Application Process For Higher Pension Under EPS Scheme

EPFO simplifies application process for higher pension under EPS scheme. Guidelines outline required documents and procedures. SC order allows employees to submit fresh applications within specified timeframe.

21 Jan 2023

Good news for pensioners! EPFO allows submission of life certificate anytime

EPS'95 pensioners can submit their life certificate anytime through various methods. The life certificate will valid up to 1 year from the date of submission. EPS-95 – Employee Pension Scheme-1995 is a social security scheme provided by the Employees’ Provident Fund Organisation (EPFO).

21 Oct 2022

EPFO clarifies on death benefit for subscriber on leave without pay

EPFO said, in cases, where an employee member was on leave without wages (consequently no contribution was pa yable by the employer) or absent for any other reason and expired during the period, the Assurance benefit is admissible irrespective of the fact that no contribution was paid by the employer, pro vided he was on the muster rolls of the establishment on the day of death and satisfied the prescribed conditions.

06 Oct 2022

EPFO Update: PF Interest money not credited in your EPF a/c? Govt says THIS

However, for quite some time now, subscribers have not got the interest money of their PF credited into their account. Responding to a tweet by T.V Mohandas Pai, former CFO and Ex-director of Infosys, the Finance Ministry has said that the delay in interest payment does not mean loss of money.

EPFO pensioners

10 Jul 2022

Good news for EPFO pensioners! 73 lakh beneficiaries to soon receive pensions

The pension would reportedly be disbursed using a central database of over 138 regional offices in the country. The centralized system will facilitate de-duplication & merger of all PF accounts of any member.

04 Jun 2022

EPF interest rate at 40-year low! Should you opt out of EPF? Check benefits

Employees are allowed to opt out of the EPF (Provident Fund) scheme only if they meet certain criteria. However, such individuals will miss out on a slew of benefits offered by the EPFO.

03 Jun 2022

PF Update: EPF interest rate of 8.1% approved by govt; Details here

Govt approves 8.1 percent interest rate on EPF. In March last year, EPFO slashed the interest rate on employees' provident fund deposits to a four-decade low of 8.1 percent.

23 May 2022

Filing EPFO e-nomination online? Here's how to do it

Users can make the necessary changes by logging onto their EPFO accounts. EPFO had set a deadline of March 31 for EPF account holders to amend their e-nomination for their accounts. It's worth noting that EPF account holders have the option of having multiple nominees for their accounts.

20 May 2022

EPFO adds 15.32 lakh net subscribers in March 2022

The provisional EPFO payroll data pointed out that it has added 15.32 lakh net subscribers in March 2022. Around 9.68 lakh new members have been covered under the provisions of EPF & MP Act, 1952 for the first time. The new member addition has increased by 81,327 in March 2022.

18 Apr 2022

Here’s how to check PF balance via SMS, missed call, online

PF members must text "EPFOHO UAN LAN" to 7738299899. EPF members can call 011-22901406 from their registered cellphone number. UMANG App allows you to check your EPF balance.

22 Mar 2022

EPF interest rate at 8.10% is lowest in decades, know what FM Sitharaman said

Central Board recommended 8.10 percent annual rate of interest to be credited on EPF accumulations in members' accounts for the financial year 2021-22 (ending on March 31, 2022).

12 Mar 2022

PF Update: EPF interest rate for 2021-22 at 8.10%, lowest in decades

The decision was made today during a meeting of EPFO's central board of trustees.

07 Mar 2022

Here's how to do EPF account transfer from EPFO to employer’s EPF trust

According to EPFO guidelines, an individual can easily transfer their EPF account from their prior workplace to their new employer. Transferring EPF accounts online is possible if both employers (old and new) are able to begin transfers through a common interface. Transfer of HoEPF account from EPFO to employer's EPF trust.

20 Feb 2022

EPFO mulling new pension plan for employees getting over Rs 15K basic wage

The proposal on this new pension product could come up for discussion in the meeting of Central Board of Trustees. A sub-committee constituted by the CBT on pension related issues in November 2021 would also submit its report. The EPFO had amended the scheme in 2014 to cap monthly pensionable basic wages to Rs 15,000.

06 Dec 2021

EPFO Insurance Scheme: Get benefits up to Rs 7 Lakh, zero contribution needed

EPFO hiked death insurance benefits. Benefits for EDLI scheme beneficiaries. EPFO issued a gazette notification.

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