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EPFO BENEFICIARIES
0.4 million new employees availed fiscal benefit under PMVBRYThe Pradhan Mantri Viksit Bharat Rozgar Yojana has provided incentives to over 440,000 new employees. The government has disbursed ₹465 cro...
EPFO guidelines for international workers: Govt lays down procedure to transfer EPF amount to foreign accountsThe Employees Provident Fund Organisation has simplified rules for international workers. Payments can now be made directly to overseas ban...
EPFO fast-track process for claim settlement by minorsThe Employees’ Provident Fund Organisation, in two separate orders issued on Wednesday, simplified the claim settlement process for minors ...
EPFO 3.0 launch soon: Faster claims, ATM withdrawals & moreThe EPFO is launching Version 3.0 by June to benefit over 9 crore users with ATM withdrawals and faster claim processing, according to Unio...
EPF update: You may be able to withdraw PF from ATM soon, who can withdraw, how it will workPF Withdrawal through ATM: Members of EPFO may soon be able to withdraw funds from their EPF account directly from ATMs. The EPF system is ...
Exempted establishments cannot use surplus fund in their Trusts for crediting interest to its beneficiaries: EPFOIn a circular, dated October 7, the retirement fund body has clarified that upon the cancellation or surrender of exemption for Exempted Pr...
Non-refundable Covid advance no longer available under EPFOAccording to an EPFO circular dated June 12, since Covid is no longer a pandemic, the competent authority has decided to discontinue the sa...
EPFO retires Covid advance facility, move may impact consumptionAccording to experts, the move may impact consumption as much of the Covid advance was being used for discretionary purchases and other exp...
EPFO disburses Rs 48,000 crore Covid advance to over 22 million subscribers in 3 yearsAs per the draft Annual Report 2022-23, EPFO disbursed Rs 17,106.17 crore in 2020-21 benefitting 6.92 million beneficiaries, Rs 19.126.29 c...
Self-employed may be brought under EPFO's social security net"The proposal, being deliberated upon by the ad-hoc committee on EPFO expansion, is expected to benefit 15 million self-employed people in ...
Maharashtra tops the list of Atmanirbhar Bharat Rozgar Yojana beneficiariesThe total beneficiaries under the scheme stands at 3.97 million spread across 0.11 million establishments and the total benefits granted as...
20% of temporary staff may not be able to avail full benefit of PF withdrawal: Indian Staffing FederationThe staffing federation has written to labour ministry last week asking them to re-look into the issue.
Government working on creating new avenues for jobs: Santosh GangwarThe labour minister said the EPFO has started various new initiatives to accelerate the process of online registration of employers.
EPFO hikes insurance cover up to Rs 6 lakh from current limit of Rs 3.6 lakhThe labour ministry has agreed to significantly enhance insurance benefits under the EDLI Scheme of the retirement fund body EPFO.
Settle inoperative PF accounts: EPFO to field officesRetirement fund body EPFO has asked its field offices to identify the beneficiaries of inoperative PF accounts and settle those either by m...
EPFO unveils revised PF transfer form for online transactionsThe launch of full fledged service of online transfer of provident fund transfer claims would take more than a month, EPFO Commissioner sai...
EPFO to use Aadhaar-based cash transfers in 43 districts by December 31In a directive, labour ministry has told EPFO to embed the Aadhaar number in bank accounts of beneficiaries in 43 districts by Dec 31.