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- EPFO claim delays, expert & IT staff shortage flagged by officers’ body; seeks govt intervention
EPFO officers have raised concerns over the backlog of auto claims that have been pending for over twenty ...More
EPFO officers have raised concerns over the backlog of auto claims that have been pending for over twenty days. The newly introduced IT system, CITES, has encountered significant implementation delays. Since 2008, staffing levels have remained stagnant, adversely affecting service quality. Officers are calling for reforms in both the Employees Pension Scheme and the leadership framework, advocating for expert guidance and PFRDA-like withdrawal restrictions to enhance savings. ...Less
- EPFO e-Office app services to remain unavailable on this date due to system upgrade
Attention users: The Employees Provident Fund Organisation e-Office application will not be accessible on ...More
Attention users: The Employees Provident Fund Organisation e-Office application will not be accessible on August 5 for essential system upgrades initiated by the NIC e-Office team. This means certain functionalities will experience constraints. Additionally, EPFO services through the UMANG app will also face downtime due to system migrations. Expect mild delays in processing claims and services during this period. ...Less
- Why you may lose EPF interest on your inoperative account: EPFO explains what you should do
Employees' Provident Fund (EPF) accounts become inactive if there are no contributions or withdrawals for ...More
Employees' Provident Fund (EPF) accounts become inactive if there are no contributions or withdrawals for three consecutive years. To avoid losing interest, it's recommended that early retirees withdraw their funds before this age. EPFO encourages members to manage their balances proactively to maintain interest accumulation and avert potential financial setbacks. ...Less
- EPFO withdrawal rules: Minister reveals how much EPF amount can subscribers withdraw during medical emergency, unemployment, house repair
The Employees' Provident Fund Organisation (EPFO) has made it easier for members to access their savings ...More
The Employees' Provident Fund Organisation (EPFO) has made it easier for members to access their savings by modifying withdrawal regulations. Now, individuals can withdraw up to seventy-five percent of their accumulated balance twice a year. In cases of unemployment, members can access seventy-five percent of their provident fund immediately. ...Less
- Higher EPS pension: What is government doing on pending application for higher EPS pension; here's what union minister said
EPS 95 latest news: The Employees' Provident Fund Organisation (EPFO) has received over fifteen lakh appl ...More
EPS 95 latest news: The Employees' Provident Fund Organisation (EPFO) has received over fifteen lakh applications for higher EPS pensions. As of August 5th, 2026, there remain eleven thousand five hundred ninety-five applications still pending. In response to a Supreme Court ruling granting access to higher pension options, the government has instructed regional EPFO offices and employers to hasten the application verification process. ...Less
- EPS pension hike: Will minimum pension rise from Rs 1,000 to Rs 7,500?
Minimum EPS pension: Pensioners are advocating for a boost in the minimum EPS pension. The government rea ...More
Minimum EPS pension: Pensioners are advocating for a boost in the minimum EPS pension. The government reassured them that existing pensions are backed by appropriate budget allocations. A considerable number of pensioners benefit from the EPS scheme, and recent Supreme Court rulings have enabled many employees to qualify for increased pensions. While the government is dedicated to enhancing social security, it prioritizes the sustainability of funds. ...Less
- Higher EPS-95 pension: Government clarifies rule for employees of exempted, unexempted establishments
EPS higher pension: The government has acknowledged the Madras High Court's decision on higher pension be ...More
EPS higher pension: The government has acknowledged the Madras High Court's decision on higher pension benefits. Supreme Court orders regarding higher pension contributions have also been examined. An online facility was provided for EPS subscribers opting for higher pension. This higher pension judgment has been implemented uniformly for all establishments. Employees can now contribute based on actual basic salary for increased pension. ...Less
- Lost track of old PF account? Govt reveals how new EPFO e-portal helps trace and transfer balance
The EPFO has launched a new digital platform to help members trace old accounts. Members can now securely ...More
The EPFO has launched a new digital platform to help members trace old accounts. Members can now securely access and transfer their accumulated PF balances online. This new portal simplifies the process of consolidating funds from inoperative EPF accounts. ...Less
- Parliament Watch: India-US BTA push, EPFO relief, highway slowdown among key updates
A parliamentary panel has recommended the swift conclusion of the India-US Bilateral Trade Agreement, emp ...More
A parliamentary panel has recommended the swift conclusion of the India-US Bilateral Trade Agreement, emphasizing the need for safeguards against future tariff increases on Indian exports. The panel also proposed a comprehensive review of the existing trade relations, alongside a structured plan aimed at elevating bilateral trade to a remarkable $500 billion, while providing support for small industries and establishing a dedicated monitoring desk. ...Less
- EPFO paid lesser EPS money than what was shown in passbook; Consumer commission orders it to pay Rs 1000 compensation and 9% interest
EPFO underpaid school employee's EPS; he files case and wins in consumer commission as commission ruled t ...More
EPFO underpaid school employee's EPS; he files case and wins in consumer commission as commission ruled that the correct factor for his period of service was 0.94, but EPFO wrongly applied the 0.85 factor meant for 10 months of service. Know how this employee won the case against Employees' Provident Fund Organisation. ...Less
- New EPF wage ceiling of Rs 25,000? Who will benefit and what it means for EPF subscribers; here’s what the report says
The Expenditure Department has granted approval to increase the EPF wage ceiling to Rs 25,000, aiming to ...More
The Expenditure Department has granted approval to increase the EPF wage ceiling to Rs 25,000, aiming to expand mandatory provident fund and pension plans to more employees. ...Less
- 67% higher EPS pension? How Rs 25,000 EPF wage ceiling could increase your monthly payout
EPF wage ceiling: The Employees Provident Fund wage ceiling may increase to Rs 25,000. This change will b ...More
EPF wage ceiling: The Employees Provident Fund wage ceiling may increase to Rs 25,000. This change will bring more employees under the EPF and EPS schemes. Employees' in-hand salaries might decrease while their retirement corpus grows. The Employees Pension Scheme pension will likely increase significantly for eligible members. This revision aims to enhance retirement benefits for a larger workforce. ...Less
- EPF interest not credited yet? 3 easy ways to check if your PF interest has been credited
The Employees' Provident Fund Organisation has begun crediting 8.25% interest for the financial year 2025 ...More
The Employees' Provident Fund Organisation has begun crediting 8.25% interest for the financial year 2025-26. Many EPF subscribers are receiving SMS notifications confirming this interest credit. Members can check their EPF balance through the EPFO portal, a missed call, or SMS service. ...Less
- Pensioners' body calls for nationwide protest on August 5, demands Rs 7,500 minimum monthly pension
The EPS95 National Agitation Committee has called for a nationwide protest at Delhi's Jantar Mantar on Au ...More
The EPS95 National Agitation Committee has called for a nationwide protest at Delhi's Jantar Mantar on August 5, demanding that the minimum monthly pension under the Employees' Pension Scheme be raised from ₹1,000 to ₹7,500, along with dearness allowance, free medical benefits and implementation of higher pension benefits as per Supreme Court rulings. ...Less
- EPF vs mutual funds: Which is better for retirement? EPFO compares returns, tax, pension benefits and risk
The Employees Provident Fund offers retirement security and employer contributions. Mutual funds are volu ...More
The Employees Provident Fund offers retirement security and employer contributions. Mutual funds are voluntary investments with market-linked returns and potential capital gains tax. EPF provides additional benefits like pension and life insurance coverage. Mutual fund beneficiaries receive only the investment value upon death. ...Less
- No proposal to utilise unclaimed LIC, EPFO funds for other purposes: Govt
Unclaimed insurance funds over ten years go to the Senior Citizen Welfare Fund. Life Insurance Corporatio ...More
Unclaimed insurance funds over ten years go to the Senior Citizen Welfare Fund. Life Insurance Corporation of India holds unclaimed amounts totaling over seven thousand crore rupees. Inoperative Employees Provident Fund accounts contained over nine thousand crore rupees as of March 2026. Both LIC and EPFO are actively working to locate beneficiaries and settle pending claims. Pilot projects are underway for automatic settlement of smaller inoperative EPF accounts. ...Less
- Rs 9,330 crore lying in the inoperative EPF accounts; is your account also one of them; here's how to claim fund
As much as Rs 9,330.56 crore lies in inoperative Employees Provident Fund accounts. This unclaimed amount ...More
As much as Rs 9,330.56 crore lies in inoperative Employees Provident Fund accounts. This unclaimed amount is as of March 31, 2026, according to government data. The Employees Provident Fund Organisation is conducting outreach initiatives to inform members. Inoperative accounts are those with no contributions for three years after retirement. Workers can claim their inoperative EPF funds by transferring or withdrawing them. ...Less
- EPS pension: These pensioners will automatically get their pension benefits under EPS 2026, minister clarifies in Parliament
The government has notified the EPS pension 2026 scheme, superseding older plans. Existing pension fund b ...More
The government has notified the EPS pension 2026 scheme, superseding older plans. Existing pension fund benefits are protected under the new scheme. A special drive is underway to dispose of pending labor cases expeditiously. The new scheme maintains the pension calculation formula and contribution rates. Membership eligibility is defined for those joining after June 29, 2026. ...Less
- EPF calculator: How much PF corpus can you generate with Rs 25,000 basic pay and 30 years of service?
An Employees Provident Fund subscriber could accumulate over Rs 1.12 crore in 30 years. This significant ...More
An Employees Provident Fund subscriber could accumulate over Rs 1.12 crore in 30 years. This significant corpus is projected with a Rs 25,000 monthly salary and an 8.25% interest rate. The total contributions amount to Rs 33.26 lakh, while interest earned reaches Rs 78.49 lakh. Compounding interest plays a crucial role in this substantial wealth accumulation over time. ...Less
- EPS minimum pension hike: Is government increasing minimum EPS pension to Rs 7,500? Ministry responds
Employee unions demand a higher minimum Employees Pension Scheme pension. The government has not announce ...More
Employee unions demand a higher minimum Employees Pension Scheme pension. The government has not announced any increase to the current Rs 1,000. The Employees Pension Scheme 2026 has now replaced the previous EPS 1995. This new scheme introduces faster pension claim settlements and higher interest. Pension calculation formulas under the new scheme remain unchanged. ...Less
- EPFO 3.0: Government plans new pension scheme for formal and unorganised sector workers, claims report explaining how it will work
The government is planning a new pension scheme under the EPFO 3.0 framework. This new plan aims to provi ...More
The government is planning a new pension scheme under the EPFO 3.0 framework. This new plan aims to provide retirement benefits to workers in both formal and unorganised sectors. Members will build a retirement corpus through regular contributions invested in government-backed assets. ...Less
- Eligible for 75% EPF balance withdrawal and planning to do so? Think again and find out how much it will cost you to rebuild it
New EPF withdrawal rules offer greater flexibility for salaried employees. Experts caution against withdr ...More
New EPF withdrawal rules offer greater flexibility for salaried employees. Experts caution against withdrawing retirement savings prematurely due to lost compounding. Transferring EPF balances is generally better than withdrawing when changing jobs. Withdrawing EPF can impact future Employees' Pension Scheme benefits significantly. Consider genuine needs like permanent relocation or financial hardship before withdrawing. ...Less
- EPFO launches six-month 'VISHWAS 2026' scheme to settle employer penalty disputes, promote compliance
The Employees' Provident Fund Organisation (EPFO) has launched 'VISHWAS, 2026', a one-time dispute resolu ...More
The Employees' Provident Fund Organisation (EPFO) has launched 'VISHWAS, 2026', a one-time dispute resolution scheme aimed at encouraging employers to settle long-pending damages and penalty-related cases through a simplified digital process, while promoting voluntary compliance and reducing litigation. ...Less
- EPF Scheme 2026: Key changes in nominations, PF withdrawals, and employer compliance
Key features— such as the 12% contribution rate for employers and employees as well as the Rs.15,000 stat ...More
Key features— such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceiling—remain unchanged, but the formalisation of revised provisions will trigger new operational obligations. ...Less
- IDFC First Bankscam: CBI searches in Chandigarh, Ludhiana
The CBI conducted searches in Chandigarh and Ludhiana concerning a Rs 657 crore fund misappropriation. Th ...More
The CBI conducted searches in Chandigarh and Ludhiana concerning a Rs 657 crore fund misappropriation. These searches targeted beneficiaries and public servants involved in the alleged fraud. Incriminating documents and digital evidence were recovered during the extensive searches. The investigation was transferred from Haryana's vigilance bureau to the CBI. This fraud involved siphoning government funds through forged fixed deposits and debit transactions. ...Less
- Banking on gear shift for pickup: After cleaning up bad loans, banks now need a new reform push
India's banking sector requires reforms for sustained growth and improved credit access. Banks must grow ...More
India's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterprise and retail credit demands. Regulatory recalibrations and revised lending frameworks are essential for this expansion. Wider adoption of digital tools will help close the MSME credit gap. These actions will boost economic growth and investor confidence. ...Less
- Automatic EPF transfer on switching job: Who can access this facility and who will be left out?
The new EPF reforms introduce automatic fund transfers when changing jobs. This facility requires an Aadh ...More
The new EPF reforms introduce automatic fund transfers when changing jobs. This facility requires an Aadhaar-linked and KYC-compliant Universal Account Number for members. Employees in private and exempted EPF organizations will not receive this automatic transfer. Members can check their previous work history on the EPFO portal for verification. Several digital reforms aim to simplify claims and improve member services. ...Less
- Did you receive 8.25% EPF interest today in your account? Here's how you can check it
Employees Provident Fund Organisation members anticipate receiving 8.25 percent interest today. This inte ...More
Employees Provident Fund Organisation members anticipate receiving 8.25 percent interest today. This interest payment applies to the financial year 2025-2026 for many subscribers. EPFO subscribers can check their updated balances through the UMANG app or SMS. The EPFO member e-Sewa portal also provides access to account details. Interest accrues monthly, ensuring no loss if credit is delayed. ...Less
- EPS pension calculator: How much monthly pension can you get after 10 years of service under EPS 2026?
EPS pension : The central government has implemented the Employees' Pension Scheme 2026. This new scheme ...More
EPS pension : The central government has implemented the Employees' Pension Scheme 2026. This new scheme replaces the Employees' Family Pension Scheme 1971 and EPS 1995. Pension calculation formula remains unchanged while new rules address fund investment and claim delays. ...Less
- EPFO launches Vishwas 2026; scheme to be operational for six months
Under VISHWAS, 2026, damages or penalty for defaults pertaining to the period prior to June 14 2024 shall ...More
Under VISHWAS, 2026, damages or penalty for defaults pertaining to the period prior to June 14 2024 shall be recalculated at substantially reduced rates, namely 0.25% per month for defaults up to two months, 0.50% per month for defaults from two to less than four months, and 1.00% per month for defaults exceeding four months, the ministry of of labour and employment said on Friday. ...Less
- EPFO launches VISHWAS 2026 to settle employer penalty disputes
The EPFO has launched VISHWAS 2026, a six-month, one-time dispute resolution scheme to help employers set ...More
The EPFO has launched VISHWAS 2026, a six-month, one-time dispute resolution scheme to help employers settle pending damages and penalty cases under provident fund laws. The initiative offers substantially reduced penalty rates for eligible defaults before June 14, 2024, through a fully digital, transparent and time-bound process. ...Less
- EPFO launches VISHWAS 2026 scheme: Six-month window offers relief in delayed PF dispute cases; check eligibility
EPFO 2026 scheme: The Employees' Provident Fund Organisation (EPFO) has introduced VISHWAS, 2026, a dispu ...More
EPFO 2026 scheme: The Employees' Provident Fund Organisation (EPFO) has introduced VISHWAS, 2026, a dispute resolution scheme. This initiative offers employers reduced damages for pending Employees' Provident Fund cases. ...Less
- EPFO Amnesty 2026 Scheme for PF trusts: Eligibility, benefits, application process and key rules
The Employees' Provident Fund Organisation introduced a six-month Amnesty Scheme in 2026. This initiative ...More
The Employees' Provident Fund Organisation introduced a six-month Amnesty Scheme in 2026. This initiative allows employers to regularize their private provident fund trusts. Eligible establishments can either join the EPFO framework or continue as exempted trusts. ...Less
- School Assembly News Headlines, July 17: Top National, International, Sports, Business & Education News
School Assembly News Headlines, July 17: Skyroot Aerospace plans its Vikram-1 rocket launch on July 18. I ...More
School Assembly News Headlines, July 17: Skyroot Aerospace plans its Vikram-1 rocket launch on July 18. India and the UK signed a trade agreement to reduce tariffs on goods. The ICC approved significant changes to ODI and T20 World Cup formats. EPFO credited annual interest to millions of member accounts early. New Zealand will ease student visa rules for international learners. ...Less
- States' fiscal deficit likely to moderate to 3.4% of GSDP in FY27 as tax collections improve: ICICI Bank
States' fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in ...More
States' fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in FY27, supported by stronger tax collections and an improvement in revenue receipts, according to an ICICI Bank report. ...Less
- Exempted Trust under EPFO may regularise their status under Amnesty Scheme, 2026, says the retirement fund body
The Employees' Provident Fund Organisation has launched a new amnesty scheme for provident fund trusts. T ...More
The Employees' Provident Fund Organisation has launched a new amnesty scheme for provident fund trusts. This one-time opportunity allows exempted trusts to regularise their status for six months. The scheme offers retrospective regularisation and waives certain compliance requirements. Pending assessments for dues and damages will be withdrawn under specific conditions. Eligible establishments can submit applications through their regional EPFO offices. ...Less
- Delhi world's cheapest for dates, buying properties among major cities; salary among lowest
New Delhi offers the world's cheapest date and broadband internet services. Property prices in Delhi rema ...More
New Delhi offers the world's cheapest date and broadband internet services. Property prices in Delhi remain relatively low compared to global markets. However, the city's salaries are among the lowest recorded globally. Everyday expenses have significantly decreased in dollar terms over the past decade. Delhi's quality of life rankings did not place it among the top cities. ...Less
- EPFO update: 10 key changes new centralised system brings to EPF, EPS subscribers
EPFO has centralized its member database for faster and smoother service delivery. Annual interest for FY ...More
EPFO has centralized its member database for faster and smoother service delivery. Annual interest for FY 2025-2026 will be credited by July 15, 2026. Advance withdrawal auto-settlement limits have been raised to Rs 5 lakh. Automatic PF account transfers will occur upon job changes without separate forms. EPFO services are now accessible from any PF office across India. ...Less
- EPFO board to take up CITES on July 25: Meet to ratify key provisions; CBT to discuss automatic transfers, simplified withdrawals
The Employees' Provident Fund Organisation board will meet July 25 to approve key provisions. This meetin ...More
The Employees' Provident Fund Organisation board will meet July 25 to approve key provisions. This meeting will ratify crucial elements of the new centralised IT project. The CITES project aims to significantly enhance services for millions of subscribers. Simplified rules for partial withdrawals and automatic PF transfers are expected. Easier access to member information will also be a key benefit. ...Less
- EPFO claims may take longer for 2 weeks after major system upgrade; members asked to avoid repeated requests
The Employees Provident Fund Organisation has finished a major system upgrade and database consolidation. ...More
The Employees Provident Fund Organisation has finished a major system upgrade and database consolidation. Some EPFO services are temporarily unavailable on the UMANG app due to this migration. ...Less
- EPF interest credit by July 15, 2026: How to check if 8.25% interest has been credited to your PF account
Employees’ Provident Fund interest for FY 2025-26 will be credited by July 15, 2026. Subscribers will rec ...More
Employees’ Provident Fund interest for FY 2025-26 will be credited by July 15, 2026. Subscribers will receive an 8.25% interest rate on their EPF contributions. This marks the third consecutive year the interest rate remains unchanged. EPFO members can check their balance through the UMANG app or SMS service. Interest accrues monthly, so delays do not cause subscriber losses. ...Less
- PM Kisan Yojana 24th instalment date: Prime Minister Kisan Samman Nidhi Yojana eligibility, status check, how to complete e-KYC
The Pradhan Mantri Kisan Samman Nidhi scheme offers farmers income support. Eligible farmers will likely ...More
The Pradhan Mantri Kisan Samman Nidhi scheme offers farmers income support. Eligible farmers will likely receive the 24th installment in October 2026. Completing eKYC is mandatory for receiving these crucial scheme benefits. ...Less
- Rs 1,800 EPF vs 12% of basic pay: Choosing Rs 1,800 monthly contribution can increase your in-hand salary, but is it worth?
Employees face a choice between higher immediate income and a larger retirement fund. Reducing EPF contri ...More
Employees face a choice between higher immediate income and a larger retirement fund. Reducing EPF contributions increases take-home pay but lowers future savings. Investing saved amounts in equities may offer higher returns over time. A disciplined approach to investing is crucial for long-term financial success. The decision depends on individual financial goals and risk tolerance. ...Less
- PF interest for FY26 being credited; passbook balance to be updated by July 15
EPFO is processing annual interest for FY 2025-26, with balances updated by July 15. This faster credit c ...More
EPFO is processing annual interest for FY 2025-26, with balances updated by July 15. This faster credit cycle is enabled by the new CITES 2.01 digital platform. The government approved an 8.25% interest rate, impacting over 34 crore member accounts. EPFO has also simplified partial withdrawal rules and automated account transfers after job switches. ...Less
- IDFC First Bank launches EPFO payment services
IDFC First Bank has launched provident fund payment services through its EPFO integration. This integrati ...More
IDFC First Bank has launched provident fund payment services through its EPFO integration. This integration allows establishments to initiate PF payments directly via the EPFO portal. Transactions can then be completed using IDFC FIRST Bank's digital banking platforms. Customers can now make provident fund payments quickly and securely. The bank served 38 million customers as of March 31, 2026. ...Less
- EPFO to transfer Rs 1.4 lakh cr in interest to 340 million members by July 15
The Employees' Provident Fund Organisation will auto-process 8.25% interest for FY26 by July 15. This cre ...More
The Employees' Provident Fund Organisation will auto-process 8.25% interest for FY26 by July 15. This credit will be applied to nearly 340 million members' accounts. A new CITES 2.01 member portal will also be launched simultaneously. The organization has also raised the auto-settlement limit for advance claims to ₹5 lakh. This new system aims to provide a unified view of member accounts and services. ...Less
- SBI MF confident of IPO despite volatilities; aims to double foreign book in 3 years
SBI Funds Management is confident its Rs 11,600-crore IPO will succeed despite market volatilities. The a ...More
SBI Funds Management is confident its Rs 11,600-crore IPO will succeed despite market volatilities. The asset manager aims to double its international book to USD 5 billion within three years. This revenue augmentation plan includes expanding global presence and staff. The company is also focusing on its alternatives business and potential acquisitions. Parent SBI contributes significantly to sales, particularly with safer hybrid schemes. ...Less
- EPF withdrawal rules explained: How many times can you withdraw PF for illness, marriage, education, home purchase and special circumstances?
Latest EPF withdrawal rules: EPFO subscribers can withdraw funds for specific needs like illness and educ ...More
Latest EPF withdrawal rules: EPFO subscribers can withdraw funds for specific needs like illness and education. Withdrawals for marriage and housing are permitted up to five times. Special circumstances allow advances twice annually under new guidelines. ...Less
- Over 1.7 cr ITRs filed for AY 2026-27: I-T deptt
More than 1.7 crore income tax returns have been filed for the 2025-26 fiscal year. Over ten lakh returns ...More
More than 1.7 crore income tax returns have been filed for the 2025-26 fiscal year. Over ten lakh returns were submitted on Friday alone by taxpayers. The deadline for filing ITRs 1 and 2 is July thirty-first. ITR Form 1 is for individuals with income up to fifty lakh rupees. ITR-2 is for individuals and HUFs with capital gains income. ...Less
- Stocks in news: Adani Enterprises, Cochin Shipyard, IDFC First Bank, Premier Energies, Glenmark Pharma
Markets traded subdued on the weekly expiry day, with indices ending marginally lower. Cochin Shipyard's ...More
Markets traded subdued on the weekly expiry day, with indices ending marginally lower. Cochin Shipyard's offer for sale saw strong investor demand on its first day. Adani Enterprises' US legal case faces a likely dismissal by federal prosecutors. IDFC First Bank launched provident fund payment services through its EPFO integration. Premier Energies secured significant orders, and Glenmark Pharma launched a generic drug in the US. ...Less
- Eps 95 pension latest news today 6 key changes higher pension, 20-day claim settlement, new withdrawal rules
The Employees' Pension Scheme, 2026, introduces significant changes for EPF members. Withdrawal benefits ...More
The Employees' Pension Scheme, 2026, introduces significant changes for EPF members. Withdrawal benefits now require a 36-month waiting period after exit. Existing members will seamlessly continue their coverage under the new scheme. ...Less
- EPFO upgrades unified member portal: UAN activation, generation through portal discontinued; here's how you can do it now
The EPFO's unified member portal is now live after an upgrade, bringing a new look and significant change ...More
The EPFO's unified member portal is now live after an upgrade, bringing a new look and significant changes. Key services like UAN activation and direct allotment have moved to the UMANG app, utilizing Aadhaar-based Face Authentication. While UAN retrieval is simplified on the portal, death claim filing remains accessible. This update aims for faster, more secure services for all users. ...Less
- EPFO's New PF Rules Explained: Faster withdrawals, three-day settlement and other key changes
EPFO Rule Changes Explained: The Centre has revamped EPF rules, promising faster claim settlements within ...More
EPFO Rule Changes Explained: The Centre has revamped EPF rules, promising faster claim settlements within three days for withdrawals and 20 days for pension and insurance. Penalties for delays and a largely paperless system are introduced. Employees can now withdraw 75% of their PF balance upon job loss and access funds for illness, education, and marriage with reduced service requirements. Full withdrawals are also permitted earlier, offering greater financial flexibility. ...Less
- EPFO portal still down after July 2 deadline: Here's the latest update on when services will resume for members and employers
EPFO's online services remain inaccessible beyond the scheduled maintenance, frustrating members and empl ...More
EPFO's online services remain inaccessible beyond the scheduled maintenance, frustrating members and employers. A major technology upgrade for better claim processing is underway, but the portal outage continues. Meanwhile, a new EPF Scheme, 2026, has been rolled out, simplifying withdrawals and enhancing digital compliance, though it's not linked to the current system migration. ...Less
- New EPFO rules mandate 3-day PF settlements, simplify withdrawals
Government revamps EPFO rules, mandating PF claim settlements within three days and imposing a 12% penal ...More
Government revamps EPFO rules, mandating PF claim settlements within three days and imposing a 12% penal interest on officials for delays. Employees can now withdraw 75% of their PF balance immediately upon job loss. Withdrawal categories are simplified to three: illness, education, and marriage, with reduced service requirements. ...Less
- EPFO's new social security rules tighten claim timelines, mandate digital compliance
New social security schemes under the Code on Social Security are now in effect, prioritizing digital com ...More
New social security schemes under the Code on Social Security are now in effect, prioritizing digital compliance and faster claim settlements for provident fund, pension, and insurance. EPFO officials face a 12% annual penal interest for delays exceeding 20 days without valid reasons. Contribution structures remain unchanged, with a focus on enhancing online access for members and extending digital requirements to exempted establishments. ...Less
- EPF vs VPF under new EPF Scheme 2026: Here's how employee and employer contributions will work
EPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employ ...More
EPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employers continuing to contribute 12% of wages, subject to the statutory wage ceiling. It also preserves the VPF framework, allowing employees to make higher voluntary contributions without requiring employers to match them, while offering flexibility to discontinue them later. ...Less
- EPFO portal downtime extended for a day: When will EPF passbook, claims and UAN services be restored?
EPFO services, including online claim submissions and passbook downloads, will be unavailable until July ...More
EPFO services, including online claim submissions and passbook downloads, will be unavailable until July 2 2026, due to a system migration. Members can check their EPF balance via a missed call if their UAN is linked with Aadhaar, PAN, and bank details. ...Less
- EPF Scheme 2026: Will you get more than 8.25% interest on your PF contributions now? Check EPFO update
A new Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under the Code on Social Sec ...More
A new Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under the Code on Social Security, 2020. The EPF interest rate remains at 8.25% for the financial year 2025-26. While digital services are formally incorporated, private PF trusts now face a cap on their declared interest rates, not exceeding the central government's rate by more than 2%. ...Less
- Higher take-home salary or bigger retirement corpus? How the proposed EPF change could affect your future
A government proposal may allow employees to voluntarily reduce their EPF contributions. This change coul ...More
A government proposal may allow employees to voluntarily reduce their EPF contributions. This change could increase immediate take-home salaries for many workers. However, experts caution this might significantly reduce long-term retirement wealth accumulation. The proposal primarily affects employees contributing above the statutory wage ceiling. Employees should carefully consider investment alternatives for any reduced EPF amounts. ...Less
- EPS pension: Check how much monthly pension you can get after 10–25 years of service under EPS 2026
The Employees' Pension Scheme 2026 has been introduced, replacing older pension plans. This new scheme ma ...More
The Employees' Pension Scheme 2026 has been introduced, replacing older pension plans. This new scheme maintains the existing pension calculation formula for subscribers. Pensionable salary is determined by the average of the last sixty months' earnings. Employees receive a minimum monthly pension of one thousand rupees. Service years are enhanced by two years for those with twenty or more years of contribution. ...Less
- EPFO 3.0 promises a digital PF experience, but can it fix years of legacy problems?
EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, ...More
EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, simplified withdrawals, digital record corrections and improved user access. While these reforms promise greater convenience, longstanding issues such as data quality, employer dependence, pension complexities and grievance resolution remain challenges that will require sustained implementation efforts. ...Less
- EPF Scheme 2026 replaces EPF Scheme 1952: Have EPF interest rate, contribution and wage ceiling changed?
EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the ...More
EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the EPF under the new Social Security Code. While key benefits like contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts. ...Less
- EPFO services interrupted from June 26-30: Check full list of services unavailable for five days
EPFO services, including its member and employer portals and the UMANG app, will be temporarily unavailab ...More
EPFO services, including its member and employer portals and the UMANG app, will be temporarily unavailable from June 26th to June 30th due to a scheduled system migration. This upgrade aims to enhance service speed, reliability, and security. ...Less
- 900 medical coding staff terminated abruptly at Kerala offices of US healthcare firm; government steps in
Hundreds of medical coders in Kochi and Kozhikode faced abrupt termination from a US-based healthcare fir ...More
Hundreds of medical coders in Kochi and Kozhikode faced abrupt termination from a US-based healthcare firm, sparking outrage. Employees reported being forced out without notice, prompting intervention from Kerala's Labour Department and local MLA Uma Thomas. The company has agreed to discuss compensation and has put further terminations on hold pending a meeting with the Labour Secretary, aiming to prioritise employee continuation in service. ...Less
- EPS 2026 replaces EPS-71, EPS-95: What has changed in new EPFO pension scheme and what remains the same
A new Employees' Pension Scheme, 2026, has replaced earlier pension schemes, effective June 29, 2026. Whi ...More
A new Employees' Pension Scheme, 2026, has replaced earlier pension schemes, effective June 29, 2026. While core benefits like the pension formula and contributions remain, key changes include faster pension claim settlements within 20 days and a 12% interest penalty for EPFO delays. ...Less
- EPFO user alert! Claim submission, processing unavailable from June 26-28; UMANG services also affected
EPFO's online portal will be inaccessible for claim submissions and processing from June 26th to June 28t ...More
EPFO's online portal will be inaccessible for claim submissions and processing from June 26th to June 28th, 2026, due to a planned technology upgrade. Services on the Umang app will also be unavailable until July 2nd. This temporary shutdown aims to enhance service delivery and user experience. ...Less
- EPS 2026 brings new rules, but has the Rs 1,000 minimum pension changed?
The government has introduced the Employees' Pension Scheme (EPS), 2026, replacing older schemes. The cal ...More
The government has introduced the Employees' Pension Scheme (EPS), 2026, replacing older schemes. The calculation formula for pensions also stays the same, based on pensionable salary and service. ...Less
- New rules from July 1, 2026: Aadhaar update, passport fees, LPG prices, credit cards, railways and other major changes explained
Several important financial and regulatory changes have come into effect from July 1, 2026, impacting tax ...More
Several important financial and regulatory changes have come into effect from July 1, 2026, impacting taxpayers, Aadhaar holders, passport applicants, credit card users, railway passengers and vehicle buyers. Key updates include free Aadhaar email updates, revised passport fees, new SBI and HDFC credit card rules, stricter railway penalties, the approaching ITR filing deadline, possible LPG, CNG and PNG price revisions, RBI's new anti-mis-selling framework, the expected rollout of EPFO 3.0 and car price hikes by major automakers. Here's a detailed look at all the major rule changes taking effect from July 1 and how they could affect your finances and daily life. ...Less
- EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digital
India's provident fund system has undergone a significant overhaul with the introduction of the Employees ...More
India's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, replacing the 1952 version. This modernization prioritizes digital compliance and simplified processes, aligning with new labor codes. Key changes include easier partial withdrawals for members and enhanced governance for employers, aiming for wider social security coverage and improved benefit delivery. ...Less
- 7 steps parents can take to teach money management to their children
Be available for counsel and advice, but wait for the children to ask for it. Offering unsolicited advice ...More
Be available for counsel and advice, but wait for the children to ask for it. Offering unsolicited advice, which comes from a position of love and concern, and telling the children that parents know better, comes in the way of their learning process. Set the boundaries, make the rules, agree on do and dont’s, but do this at the very start. After that, it is their game to play. ...Less
- India is plotting a game-changer for RBI, banks, corporates, investors
India is planning a high-frequency index to track its vast informal economy, covering millions of unincor ...More
India is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed MoSPI index could improve GDP estimates, guide RBI interest-rate decisions, strengthen inflation management, sharpen government policymaking and offer investors, businesses and economists an unprecedented real-time view of the country's largest employment engine. ...Less
- EPF interest rate retained at 8.25% for FY26
Employees' Provident Fund interest rate for 2025-26 is set at 8.25 percent. This rate remains unchanged f ...More
Employees' Provident Fund interest rate for 2025-26 is set at 8.25 percent. This rate remains unchanged for the third year. Over 70 million EPF members will see the interest credited by month-end. EPFO is also introducing UPI-based withdrawals for faster access to funds. ...Less
- EPFO: When can you get 8.25% EPF interest amount in your provident fund account?
EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the governmen ...More
EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the government has officially ratified the rate. This annual interest is calculated on a monthly running balance, ensuring no loss for members even with delayed crediting. Subscribers can easily check their updated balances through the EPFO portal or the Umang app. ...Less
- Govt ratifies 8.25% EPF interest rate for FY'26, to be credited this month
The government has approved an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for FY26, ...More
The government has approved an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for FY26, clearing the proposal recommended by the Employees' Provident Fund Organisation's (EPFO) Central Board of Trustees in March. The interest is expected to be credited to the accounts of over seven crore EPF subscribers later this month. ...Less
- EPFO: Has Employees' Provident Fund Organisation changed 8.25% EPF interest rate for FY25-26
EPF interest rate: The government has approved an 8.25% interest rate for Employees Provident Fund deposi ...More
EPF interest rate: The government has approved an 8.25% interest rate for Employees Provident Fund deposits for the fiscal year 2025-26. This rate remains unchanged for the third consecutive year. Over seven crore members are expected to receive this credit soon. Members can check their EPF balance through the Umang app, EPF member e-sewa portal, missed calls, or SMS. ...Less
- EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and wins
A retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisat ...More
A retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF money back. The court ruled the Employees' Provident Fund Organisation cannot recover funds from the employee. The Employees' Provident Fund Organisation may pursue legal action against the company and its PF trust. ...Less
- Annuity flexibility, tax tweaks can accelerate NPS growth: Axis Pension Fund CEO Sumit Shukla
A senior executive believes greater flexibility in retirement withdrawals and restored tax incentives cou ...More
A senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the National Pension System (NPS). He advocates for allowing NPS subscribers to choose between annuities and a new Retirement Income System (RIS) and reintroducing the Rs 50,000 tax deduction under the new tax regime. These changes, he suggests, could lead to multifold growth in NPS within a few years. ...Less
- New labour code: Appointment letters must mention job role, workplace, and other key conditions; here's how employees benefit
New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job ro ...More
New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater transparency and formalization of employment terms. ...Less
- Modi says 70 lakh jobs created under PM-Viksit Bharat Rozgar Yojana so far; transfers initial incentives worth Rs 2,400 cr
Prime Minister Narendra Modi announced over 70 lakh jobs created under the Pradhan Mantri Viksit Bharat R ...More
Prime Minister Narendra Modi announced over 70 lakh jobs created under the Pradhan Mantri Viksit Bharat Rozgar Yojana, disbursing Rs 2,400 crore in incentives for 15 lakh new positions. The scheme, launched last August, aims to boost first-time job seekers and social security. Modi highlighted the initiative's role in fostering a new India where youth, industry, and government collaborate for national employment goals. ...Less
- EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’
The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjus ...More
The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that EPFO cannot retain appeal money for nearly 11 years after a PF assessment order was set aside, depriving the assessee of its use and potential earnings. ...Less
- Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when needed
Employees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI ...More
Employees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This government-backed benefit protects families in case of an EPF member's death during service. Eligibility requires active EPF membership and employer contributions. Claims are processed by EPFO, with updated nominations expediting the procedure. ...Less
- EPFO: When can EPF interest be credited to your account? Check here
EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in Ma ...More
EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due to government approval and account reconciliation, experts assure members that interest accrues monthly and won't be lost. EPFO calculates interest on the running balance, ensuring full credit even with administrative lags. Members can check their updated passbook for confirmation. ...Less
- EPFO member alert: Your nominee may lose provident fund, pension, other benefits if you make this little mistake
EPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This ...More
EPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family members can receive EPF, EPS, and EDLI benefits without delays. Failure to e-sign means the nomination won't be processed in case of the member's death. ...Less
