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Employees' Provident Fund News

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.

Employees' Provident Fund

24 Feb 2022

Employer obligated to pay damages for delay in payment of EPF contribution

Employer to pay the damages for delay in EPF payment. Supreme Court said on PF matter. Social security to the employees.

03 Jun 2021

EPF investors can withdraw up to Rs 1 lakh advance for medical emergencies

Members don’t need to submit an estimate of the hospitalisation cost. Earlier, EPF subscribers had to share an estimation of medical expenses. The amount of advance that you can withdraw was based on the estimation of medical expenses.

02 Nov 2019

Employees' money in UP invested in Mirchi-linked firm of Wadhawans

Uttar Pradesh government has initiated a vigilance probe into the matter. He further said that General Manager of the Power Sector Employees Trust, P.K. Gupta has been suspended, said, Principal Secretary (Energy) Alok Kumar.

Employees Pension Scheme

28 Jul 2017

EPS scheme to be revamped; medical scheme for pensioners to be formulated: Govt

The government will constitute a high-level committee to revamp the Employees Pension Scheme (EPS) and any gaps would be plugged, Labour and Employment Minister Bandaru Dattatreya told the Lok Sabha on Friday.

Mamata Banerjee

08 Mar 2016

'EPF rollback, a victory for common people': Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee on Tuesday said that EPF rollback was a "victory for the common people".

27 Jul 2015

Rs 6,000 crore EPF money to be invested in equities by March 2016

About Rs 6,000 crore of EPF (Employees' Provident Fund) money would be invested in equities by March 2016 with a view to get higher returns, said Union Minister of State for Labour Bandaru Dattatreya Monday.

Employees' Provident Fund

13 Mar 2015

Employers, workers may shell out more for EPF contributions

Employers as well as formal sector workers may have to shell out more towards Employees' Provident Fund with the government proposing to include all allowances in the wages for deducting PF contribution.

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