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- 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
- 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
- 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
- Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95
Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switc ...More
Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if their Employees' Provident Fund EPF balance is zero. Failing to do so can create gaps in pensionable service. This impacts future pension eligibility and the monthly pension amount. ...Less
- EPS pension alert: Can't submit your Life Certificate? Here's the process EPFO wants you to follow
EPS-95 pensioners unable to submit their annual life certificate can now avail doorstep assistance from t ...More
EPS-95 pensioners unable to submit their annual life certificate can now avail doorstep assistance from the postal department. A simple call to 033-22029000 will arrange for a postal worker to visit and submit the certificate free of charge, ensuring uninterrupted pension payments. ...Less
- EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HC
The Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September ...More
The Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Provident Fund on actual wages can now claim a higher EPS 95 pension. The court quashed the EPFO's rejection orders. This decision allows eligible employees to exercise joint options for enhanced pension calculations. ...Less
- EPFO to launch WhatsApp service for PF updates; government targets faster resolution of pending legal disputes
The Employees’ Provident Fund Organisation (EPFO) is set to launch a WhatsApp service for PF updates, all ...More
The Employees’ Provident Fund Organisation (EPFO) is set to launch a WhatsApp service for PF updates, allowing members to interact with the organization by sending a 'Hello' message. ...Less
- EPFO brings down consumer court cases by 46% in 2 years
The Employees Provident Fund Organisation has significantly reduced consumer court cases and overall liti ...More
The Employees Provident Fund Organisation has significantly reduced consumer court cases and overall litigation. A special campaign cleared many pending appeals. The EPFO is now set to use WhatsApp to improve member services. This initiative aims for faster resolution and better communication in local languages. The organisation has achieved its lowest-ever litigation pendency. ...Less
- Want to exchange old gold for new jewellery? Beware of these taxes
Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income ...More
Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-value gold transactions, including large cash deposits or unexplained sources of funds. Proper documentation is crucial to avoid scrutiny and penalties, especially when dealing with inherited, gifted, or imported gold. ...Less
- Minimum EPS-95 pension increased to Rs 7,500? EPFO says this
A letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has i ...More
A letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has increased to Rs 7,500 monthly. The Employees Provident Fund Organisation has officially stated this notification is fake. The current minimum pension provided by the government stands at Rs 1,000 per month for eligible subscribers. ...Less
- Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh in
Sebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deduct ...More
Sebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This initiative aims to simplify investing for first-time users, potentially reducing SIP stoppages and boosting monthly inflows by offering a disciplined, automated savings channel. ...Less
- Withdraw EPF through UPI soon as government completes testing
Employees Provident Fund Organisation subscribers will soon withdraw their provident fund corpus directly ...More
Employees Provident Fund Organisation subscribers will soon withdraw their provident fund corpus directly through Unified Payment Interface. The government has completed testing of this new facility. ...Less
- 20 months of bearish markets: One additional letter that tells you which 'cheap' stocks are actually cheap
Most investors live by one ratio. That ratio that tells them all they want to know – or should one say al ...More
Most investors live by one ratio. That ratio that tells them all they want to know – or should one say all they want to hear? They open a screen, sort by it, and start picking from the bottom. It is the habit of a lifetime, and it is wrong more often than they realise. But add a single letter to the ratio and it changes which stocks look cheap, which look expensive, and which look like a trap. In a market that has gone nowhere for 20 months, getting that distinction right has rarely mattered more. ...Less
- Sebi moots MF payment by 3rd parties in select cases
Sebi is proposing new rules for mutual fund investments. Third parties can now make payments in certain s ...More
Sebi is proposing new rules for mutual fund investments. Third parties can now make payments in certain situations. Employers can invest on behalf of employees through salary deductions. Asset Management Companies can pay distributors in mutual fund units instead of cash. A framework for investors to donate to social causes is also suggested. ...Less
- Withdrawal of retirement funds soon to be automated: EPFO
The Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claim ...More
The Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claims. This will speed up money transfers to applicants. EPFO will also automate provident fund account transfers when a member changes employers. This means no more forms will be needed for account migration. ...Less
- Employee wins Rs 50,000 compensation from EPFO for 10-year delay in processing EPF transfer claim
The Chandigarh Consumer Commission ruled that the EPFO cannot use software issues as an excuse for a deca ...More
The Chandigarh Consumer Commission ruled that the EPFO cannot use software issues as an excuse for a decade-long delay in transferring an employee's PF funds. Despite the EPFO's claims of technical difficulties, the commission found an inordinate and unexplained delay, amounting to deficiency in service. The EPFO was directed to pay Rs 50,000 as compensation and litigation costs. ...Less
- Your employer may soon pay your SIP from salary: Sebi's new mutual fund proposal explained
Your employer might soon invest in mutual funds directly from your salary. Sebi is considering a new prop ...More
Your employer might soon invest in mutual funds directly from your salary. Sebi is considering a new proposal to allow this. Employees can choose their funds, and employers will deduct the amount from salaries. This aims to simplify investing and increase participation. Redemption proceeds will still go to the employee's account. ...Less
- Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the story
India's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putti ...More
India's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. Jefferies reports that capital flows are low, not the current account deficit. Foreign investors have sold equities worth billions. Domestic savings are now funding these outflows. The Rupee is undervalued, but a rebound is possible. ...Less
- NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscape
India's retirement planning is evolving with rising private sector NPS participation and evolving annuity ...More
India's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contributions still dominate, private sector growth is steady. In an interview with Sriram Iyer, MD & CEO of HDFC Pension, he spoke about the growing role of NPS in retirement planning, NPS performance and more. ...Less
- GCCs in India: The story so far
India's global capability center landscape is booming, serving as a catalyst for technological and servic ...More
India's global capability center landscape is booming, serving as a catalyst for technological and service-driven growth. While discussions on quantifying its impact persist, it’s notable that multinational exports are anticipated to hit $164 billion by 2025-26. The workforce has expanded to a remarkable 4.2 million, with AI set to revolutionise job roles. ...Less
- Now make EPF payments via net-banking as Federal Bank launched this facility for its customers
Federal Bank now allows customers to pay Employee Provident Fund dues through its net-banking platform. T ...More
Federal Bank now allows customers to pay Employee Provident Fund dues through its net-banking platform. This new facility offers a convenient and secure way to make EPFO payments. Individuals and businesses can now settle their EPF dues quickly online, saving time and effort. The service enhances digital convenience and supports organizations in meeting their statutory compliance needs. ...Less
- EPFO overhauls PF trust rules: Risk-based audits, 2% interest cap on exempted establishments
New rules are set for companies managing their own provident fund trusts. Mandatory annual audits are rep ...More
New rules are set for companies managing their own provident fund trusts. Mandatory annual audits are replaced by a risk-based system. Interest rates offered by these trusts will now be capped. Exempted establishments can retain their status after mergers and acquisitions. These changes aim to strengthen oversight and improve ease of doing business. ...Less
- Tata Motors rolls out VRS after union push; around 300 employees opt in
Tata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a respon ...More
Tata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. The scheme targeted permanent staff aged 40 to 55. It provided flexible compensation options and medical benefits. The company aimed for a leaner manufacturing footprint. ...Less
- India services activity hits 5-month high in April on strong domestic demand: HSBC PMI
India's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new o ...More
India's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new orders fueled this expansion. Manufacturing activity also improved. The combined economic activity showed renewed momentum. Service providers are optimistic about future demand. However, concerns about global conflicts and rising costs persist. Input costs increased, but firms absorbed some of these expenses. ...Less
- EPFO member alert! Have old, inoperative EPF account? E-PRAAPTI portal will soon help you track it easily
The Employees Provident Fund Organisation is introducing E-PRAAPTI, a new digital portal. This platform w ...More
The Employees Provident Fund Organisation is introducing E-PRAAPTI, a new digital portal. This platform will assist members in finding, tracking, and linking their old or inactive EPF accounts. The portal uses Aadhaar-based authentication for secure access. It aims to benefit employees who worked before the UAN system. This initiative will streamline the process of managing past EPF accounts. ...Less
- Inspection scheme soon to flag firms dodging EPFO
In a bid to strengthen worker protections, the Labour and Employment Ministry is launching a comprehensiv ...More
In a bid to strengthen worker protections, the Labour and Employment Ministry is launching a comprehensive inspection program. This proactive approach will target businesses that fail to register with the Employees' Provident Fund Organisation. ...Less
- Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to do
NRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are inc ...More
NRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international numbers and app-based authentication, maintaining an active Indian SIM remains crucial for many transactions. Read the article to know how NRIs can keep their Indian mobile number active, handle OTP issues overseas and avoid common banking access problems ...Less
- EPFO may raise minimum pension under EPS-95; settles 83.1 million claims in 2025-26
Labour and employment minister Mansukh Mandaviya, Wednesday, said that the Employees’ Provident Fund Orga ...More
Labour and employment minister Mansukh Mandaviya, Wednesday, said that the Employees’ Provident Fund Organisation (EPFO) settled 6.103 million claims in April 2026, with nearly 74% of PF advance claims processed in auto mode and 98.70% of total claims settled in less than 20 days, on the back of EPFO 3.0, a digital overhaul of the retirement fund body designed for instant, paperless PF withdrawals and faster automated claim settlements. ...Less
- Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?
EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of L ...More
EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly considering an increase from the current Rs 1,000. This move is expected to benefit many eligible EPFO members. ...Less
- Avoid EPF claim rejection by updating your KYC online through UAN; Follow this 5-step process
Members no longer need to fill any lengthy physical forms, or pay an office visit anymore. All they need ...More
Members no longer need to fill any lengthy physical forms, or pay an office visit anymore. All they need to update EPF KYC online is their Aadhaar details and internet. Here’s a look at a simple step-by-step guide for updating EPF KYC online and avoiding claim rejection. ...Less
- Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fast
Small errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fu ...More
Small errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact your pension eligibility. Employees must regularly check their records. Correcting these dates is now easier, but prompt action is crucial to avoid future complications. Ignoring these details can create significant roadblocks when accessing your hard-earned money. ...Less
- Here’s how to fix errors in EPS records now to avoid PF claim rejection, pension loss
If you spot discrepancies in your EPS contributions, take immediate corrective measures or face rejection ...More
If you spot discrepancies in your EPS contributions, take immediate corrective measures or face rejection in EPF withdrawal or transfer claims later. ...Less
- DA hike for bank employees: What will be monthly salary hike for employees of different stages, scales and basic pays?
Bank employees will see a slight increase in their take-home pay as the government has raised Dearness Al ...More
Bank employees will see a slight increase in their take-home pay as the government has raised Dearness Allowance (DA) from May 1, 2026. The DA has been revised to 25.70%, a 0.70% hike from the previous quarter's 25%. This adjustment impacts salaries across various pay scales for the May-July period. ...Less
- Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HC
Bombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee ...More
Bombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO) cannot reject claims solely because employers failed to provide certain documents. EPFO must exhaust all verification options before rejecting applications. This judgement offers relief to employees who contributed on actual wages but faced rejection due to employer's document lapses. ...Less
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolvent
The Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 1 ...More
The Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee salaries for PF. Despite the company becoming insolvent and the dues later being cleared, the court emphasized that subsequent payment does not erase the criminal liability for the initial default. ...Less
- Gig workers social security scheme may have multiple fund managers
The labour ministry of India is charting a new course by investigating a multi-manager framework for its ...More
The labour ministry of India is charting a new course by investigating a multi-manager framework for its latest social security initiative aimed at gig and platform workers. The EPFO is likely to manage the provident fund components, while various fund managers will look after pension allocations. ...Less
- Noida protest: Minimum wage hikes may push workers out of EPFO net, say experts
Minimum wage hikes in Uttar Pradesh and Haryana are impacting Provident Fund coverage. Workers earning ab ...More
Minimum wage hikes in Uttar Pradesh and Haryana are impacting Provident Fund coverage. Workers earning above Rs 15,000 may now opt out of mandatory contributions. This trend highlights the need to raise the EPFO wage ceiling. Experts suggest an increase to Rs 22,000-Rs 25,000 to ensure broader social security for low-wage earners. Enforcement challenges persist. ...Less
- Govt revisits plan to raise wage cap for PF coverage
The government is considering a significant increase in the provident fund wage ceiling. Current limits m ...More
The government is considering a significant increase in the provident fund wage ceiling. Current limits may rise to ₹25,000 or ₹30,000 monthly from ₹15,000. This move aims to prevent workers from being excluded from social security due to rising wages. Discussions are underway with stakeholders to finalize the new ceiling. The Employees' State Insurance Corporation ceiling is also being reviewed. ...Less
- EPFO extends facility to de-link wrong member IDs: Who should apply? Step-by-step process explained
EPFO has extended the functionality for members to de-link incorrect Member IDs (MIDs) from their Univers ...More
EPFO has extended the functionality for members to de-link incorrect Member IDs (MIDs) from their Universal Account Number (UAN). This allows correction of MIDs created without member knowledge, even if contributions exist. However, MIDs with processed, pending, or multiple claims will not be eligible for de-linking. ...Less
- Form 121 for EPF members: EPFO clarifies who needs to file new form instead of Forms 15G, 15H
The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, ...More
The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, 2026, under the new Income-tax Act, 2025. ...Less
- Groww's strong Q4; Iran conflict hits India's GCCs
Fintech major Groww more than doubled its net profit in the fourth quarter of FY26. This and more in toda ...More
Fintech major Groww more than doubled its net profit in the fourth quarter of FY26. This and more in today's ETtech Top 5. ...Less
- 0.4 million new employees availed fiscal benefit under PMVBRY
The Pradhan Mantri Viksit Bharat Rozgar Yojana has provided incentives to over 440,000 new employees. The ...More
The Pradhan Mantri Viksit Bharat Rozgar Yojana has provided incentives to over 440,000 new employees. The government has disbursed ₹465 crore for sustained employment. However, global conflicts may slow down formal job creation. The scheme aims to create 35 million jobs by July 2027. Current progress is one-tenth of the initial quarterly target. ...Less
- EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?
EPFO is set to launch EPFO 3.0, enabling UPI withdrawals and simplifying fund access for members. New rul ...More
EPFO is set to launch EPFO 3.0, enabling UPI withdrawals and simplifying fund access for members. New rules consolidate withdrawal provisions into three categories: essential, housing, and special needs. Members can now withdraw up to 75% of their balance anytime, including employer contributions, offering greater flexibility for emergencies and life events. ...Less
- Laid off or lost your job? Use 75% EPF amount while rest 25% compounds @8.25% - Check EPFO withdrawal rules in case of unemployment
While members are entitled to take out up to 100% of their eligible EPF balance, including both employee ...More
While members are entitled to take out up to 100% of their eligible EPF balance, including both employee and employer contributions, there are certain terms and conditions that apply. So, what happens in case you lose your job or are laid off by your company? ...Less
- Capital market stocks: Time to change strategy? 10 stocks from different parts of the ecosystem
The capital market infrastructure sector has grown into a full-fledged, publicly-traded ecosystem. Today, ...More
The capital market infrastructure sector has grown into a full-fledged, publicly-traded ecosystem. Today, investors can pick from exchanges, depositories, registrar and transfer agents, commodity platforms, and at least five asset management companies. All of them listed, all of them profitable, and all of them with the same structural tailwind: The financialisation of Indian household savings. But have we reached a stage where the strategy needs a re-look? ...Less
- Will EPF interest rate rise to 10%? Central government clarifies stance on rate hike and feasibility
The government has stated it has not received formal requests from labour unions to raise the Employees P ...More
The government has stated it has not received formal requests from labour unions to raise the Employees Provident Fund interest rate to 10%. The current EPF interest rate stands at 8.25%, last revised in FY 2022-23. The Labour and Employment Minister clarified the interest rate determination process. ...Less
- CAG flags delay in finalisation of accounts of various PSUs, autonomous bodies in J&K
The CAG has flagged a massive backlog in the finalization of accounts for Jammu and Kashmir's PSUs and au ...More
The CAG has flagged a massive backlog in the finalization of accounts for Jammu and Kashmir's PSUs and autonomous bodies, with many remaining in arrears for up to 14 years. This persistent delay undermines transparency and legislative oversight, prompting the CAG to urge strict adherence to submission timelines for improved financial discipline. ...Less
- Higher job retention among women despite low workforce share than men: Report
A new report reveals women in India's formal workforce stay in their jobs 36% longer than men, with a med ...More
A new report reveals women in India's formal workforce stay in their jobs 36% longer than men, with a median tenure of 10.6 months compared to 7.8 months for men. Despite this higher retention, women remain underrepresented, though the IT sector shows a higher share. A significant drop in participation is observed among women aged 35-45. ...Less
- EPFO plans auto-settlement to clear Rs 5,200 crore in inoperative accounts
The Employees' Provident Fund Organisation is developing an auto-settlement system. This will help subscr ...More
The Employees' Provident Fund Organisation is developing an auto-settlement system. This will help subscribers claim unclaimed money from inactive accounts. The facility will initially focus on Aadhaar-verified accounts with small balances. This initiative aims to clear idle funds efficiently. Members who joined after October 2017 will receive priority for future settlements. ...Less
- EPFO 3.0: Government reveals status of centralised pension system, auto claim settlement and EPF account transfer claims
The government has provided an update on EPFO 3.0 reforms. Key developments include faster claim settleme ...More
The government has provided an update on EPFO 3.0 reforms. Key developments include faster claim settlements and an expanded subscriber base. The Centralised Pension Payment System is now fully adopted by all EPFO field offices. Auto claim settlement for claims up to Rs 5 lakh has significantly improved efficiency. ...Less
- South Indian Bank collaborates with EPFO to launch EPF payment services
South Indian Bank has introduced Employees' Provident Fund payment services through its SIBerNet internet ...More
South Indian Bank has introduced Employees' Provident Fund payment services through its SIBerNet internet banking platform. This collaboration with EPFO allows employers to easily remit EPF contributions. The integration simplifies statutory payments for businesses. Employers can now use South Indian Bank's net banking facility for direct remittances via the EPFO portal. This move enhances the bank's digital offerings. ...Less
- 22k gold rate today: Check 22K, 24K gold prices (April 7, 2026) on Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, Joyalukkas and IBJA
Gold rate prediction: Gold prices are experiencing volatility amid heightened geopolitical tensions, with ...More
Gold rate prediction: Gold prices are experiencing volatility amid heightened geopolitical tensions, with a US deadline for Iran creating uncertainty. While leading jewelers saw slight increases in 22k gold rates, the IBJA reported a drop across various purities. Experts predict short-term price fluctuations but a positive medium to long-term outlook for gold and silver. ...Less
- EPFO guidelines for international workers: Govt lays down procedure to transfer EPF amount to foreign accounts
The Employees Provident Fund Organisation has simplified rules for international workers. Payments can no ...More
The Employees Provident Fund Organisation has simplified rules for international workers. Payments can now be made directly to overseas bank accounts. This eases hardships related to tax forms. Only nations with Social Security Agreements are eligible. A nodal office in Delhi will manage tax forms. This change aims to streamline fund transfers for global employees. ...Less
- EPFO plans single pool for ETF investments
The Employees' Provident Fund Organisation (EPFO) is set to consolidate its five schemes into a single ac ...More
The Employees' Provident Fund Organisation (EPFO) is set to consolidate its five schemes into a single account for ETF investments, moving from monthly to annual investment cycles. This aims to simplify regulatory and operational procedures. The retirement fund body will also participate in the Delhi-Meerut Expressway Development's buyback offer for non-convertible debentures. ...Less
- EPFO retains interest rate at 8.25% for 2025-26
The move is expected to benefit over seven crore active EPFO subscribers and nearly 30 crore total subscr ...More
The move is expected to benefit over seven crore active EPFO subscribers and nearly 30 crore total subscribers. This is one of the highest interest rate offered by any savings schemes in the country. ...Less
- When will EPF interest be credited to your provident fund account as EPFO keeps rate unchanged at 8.25%?
EPFO has announced an 8.25% interest rate for the financial year 2025-26. This rate remains unchanged fro ...More
EPFO has announced an 8.25% interest rate for the financial year 2025-26. This rate remains unchanged from the previous year. Employees' Provident Fund members can expect the interest to be credited to their accounts within three to six months following the official government notification. ...Less
- EPFO 3.0 Explained: New UPI withdrawal service, implementation and launch date, and what changes for your pension money
EPFO 3.0 roll out: India's EPFO is undergoing a major tech overhaul with EPFO 3.0, aiming for a core bank ...More
EPFO 3.0 roll out: India's EPFO is undergoing a major tech overhaul with EPFO 3.0, aiming for a core banking-style system to serve crores of members. This initiative will introduce a new portal, backend software, and AI-powered language tools, making services faster and more accessible. The changes are linked to upcoming labor reforms, expanding EPFO's reach to unorganized workers. ...Less
- Higher EPS Pension reinstated by EPFO: Who will benefit and who will not
EPFO has reinstated the option for employees to link their pension scheme contributions to their full bas ...More
EPFO has reinstated the option for employees to link their pension scheme contributions to their full basic salary. This move offers relief to a limited group who previously opted for higher contributions, restoring a provision discontinued in 2014. The decision aims to address long-standing confusion regarding pensionable salary caps. ...Less
- EPFO 3.0 rollout soon, subscribers can withdraw funds from ATMs: Mansukh Mandaviya
Union Labour Minister Mansukh Mandaviya announced that the EPFO will launch its 'EPFO 3.0 version' soon. ...More
Union Labour Minister Mansukh Mandaviya announced that the EPFO will launch its 'EPFO 3.0 version' soon. This upgrade allows subscribers to withdraw funds from ATMs, making the system equivalent to banking. Users can handle their transactions without visiting EPFO offices. ...Less
- EPFO launches WhatsApp helpline service
This initiative will allow the PF subscribers to interact directly with EPFO's regional offices on a pers ...More
This initiative will allow the PF subscribers to interact directly with EPFO's regional offices on a personalised level adhering to one-to-one guidance principle. WhatsApp helpline is now functional in all the 138 regional offices of EPFO. ...Less
- EPFO alert for lakhs of inoperative accounts: What government wants to do with unclaimed money and how it will decide
The Ministry of Labour and Employment will refund Rs 30.52 crore from over 7.11 lakh inactive EPFO accoun ...More
The Ministry of Labour and Employment will refund Rs 30.52 crore from over 7.11 lakh inactive EPFO accounts, each with a balance up to Rs 1,000. These funds will be credited to Aadhaar-seeded accounts or to nominees/legal heirs if the account holder has passed away. ...Less
- EPFO settles 11.94 lakh claims in June this year
In June, as much as Rs 6,497 crore was received by EPFO as contribution by subscribers towards social sec ...More
In June, as much as Rs 6,497 crore was received by EPFO as contribution by subscribers towards social security schemes run by it. ...Less
- EPFO weighs exit policy to maximise returns on investments
The EPFO has no exit policy at present as it largely invests in government securities that have a definit ...More
The EPFO has no exit policy at present as it largely invests in government securities that have a definite maturity window. ...Less
- Now EPFO members having UAN can link Aadhaar online
Meeting the know your customers (KYC) norms by the Employees' Provident Fund Organisation (EPFO) subscrib ...More
Meeting the know your customers (KYC) norms by the Employees' Provident Fund Organisation (EPFO) subscribers help them access a host of online services. ...Less
- EPFO, world's ninth largest by assets, not considering any proposal to invest in stock markets
"We are not considering any proposal to invest in stock markets or equity at present," EPFO Central Provi ...More
"We are not considering any proposal to invest in stock markets or equity at present," EPFO Central Provident Fund Commissioner K K Jalan said. ...Less
- EPFO to launch Aadhar-linked withdrawal, pension services by March 2017
EPFO will launch a host of Aadhaar-linked online services such as PF withdrawal and pension fixation for ...More
EPFO will launch a host of Aadhaar-linked online services such as PF withdrawal and pension fixation for its 4 crore subscribers by the end of this fiscal. ...Less
- EPFO employees can now shift from National Pension System (NPS) to Unified Pension Scheme (UPS)
The 112th meeting of the executive committee (EC) of the central board of trustees, EPF under labour and ...More
The 112th meeting of the executive committee (EC) of the central board of trustees, EPF under labour and employment secretary Sumita Dawra on Tuesday formally adopted the unified pension scheme (UPS) for EPFO employees. The UPS is expected to ensure financial security post-retirement, offering a minimum guaranteed pension along with additional benefits such as family pension provisions and dearness relief adjustments, the ministry of labour and employment said in a statement issued on Wednesday. ...Less
- Boon for 4.5 crore subscribers: EPFO may give option to raise equity exposure
Proposal to raise the equity component, if it goes through, will fetch higher returns for EPFO subscriber ...More
Proposal to raise the equity component, if it goes through, will fetch higher returns for EPFO subscribers in the current declining interest rate regime. ...Less
- EPFO set for brand makeover, to get a tagline and a brand ambassador
EPFO will soon get a tagline to brand itself and this is likely to be followed by a brand ambassador who ...More
EPFO will soon get a tagline to brand itself and this is likely to be followed by a brand ambassador who would be the face of the organisation. ...Less
- Time for EPFO to shift to NAV based accounting
The best time to convert to NAV-based scheme is now. On a conservative estimate, the unrealised gains mus ...More
The best time to convert to NAV-based scheme is now. On a conservative estimate, the unrealised gains must be in the range of 20- 30%. And if shifted to NAV-based system, the holding value of EPFO should jump up by 20%- 30%. ...Less
- EPFO planning housing scheme for members: Labour Minister
Retirement fund body EPFO is considering a scheme for its subscribers so that they are able to own a hous ...More
Retirement fund body EPFO is considering a scheme for its subscribers so that they are able to own a house by retirement, Labour Minister Bandaru Dattatreya said. ...Less
- EPFO likely to extend the deadline for higher EPS pension by three months: Sources
Employees were facing many issues while applying for higher pension due to a lack of clarity on various r ...More
Employees were facing many issues while applying for higher pension due to a lack of clarity on various rules and delayed clarification from EPFO made it difficult for large number of employees to exercise their hard-earned option to apply for higher pension from Employees' Pension Scheme (EPS). Here are some reasons why extension is needed. ...Less
- EPFO cautions members against taking help from agents for online services
The EPFO cautions members against using third-party agents for services, advising them to utilize the fre ...More
The EPFO cautions members against using third-party agents for services, advising them to utilize the free online portal to protect their financial data. The organization has streamlined processes like KYC updates and claim submissions, removing employer approvals in many cases. ...Less
- EPFO likely to enhance investment limit in equities to 20 per cent
The proposal to revise the limit to 20 per cent has been vetted and approved by the Employees' Provident ...More
The proposal to revise the limit to 20 per cent has been vetted and approved by the Employees' Provident Fund Organisation's advisory body Finance Audit and Investment Committee (FAIC). The recommendation of FAIC will be placed before the EPFO apex decision making body -- Central Board of Trustees (CBT) -- for consideration and approval. ...Less
- EPFO cannot invest funds in equities: Labour Ministry
The Labour Ministry has relaxed investment norms for EPFO, but refrained from allowing it to invest part ...More
The Labour Ministry has relaxed investment norms for EPFO, but refrained from allowing it to invest part of its Rs 5 lakh crore in equity markets. ...Less
- EPFO simplifies procedures related to fund transfer and personal detail corrections: Mansukh Mandaviya
Labour and Employment Minister Mansukh Mandaviya on Saturday said the Employees’ Provident Fund Organisat ...More
Labour and Employment Minister Mansukh Mandaviya on Saturday said the Employees’ Provident Fund Organisation has streamlined and fast-tracked the process for transfer of provident fund dues from one organisation to another and simplified the joint declaration process for correction in personal information of its subscribers. The two procedural reforms will benefit over 65 million EPFO subscribers. ...Less
- EPFO ties up with 5 banks to collect PF dues
The tie-ups with Bank of Baroda, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank will help EPFO ...More
The tie-ups with Bank of Baroda, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank will help EPFO save around Rs 125 crore a year. ...Less
- ICAI to help EPFO with accrual accounting system
A Memorandum of Understanding has been inked between ICAI Accounting Research Foundation (ICAI ARF) and E ...More
A Memorandum of Understanding has been inked between ICAI Accounting Research Foundation (ICAI ARF) and EPFO. ...Less
- Over 8 crore EPFO accounts have no birth date, 11 crore missing father's name
According to the statement, the Employees' Provident Fund Organisation (EPFO) has 8,38,04,469 subscriber ...More
According to the statement, the Employees' Provident Fund Organisation (EPFO) has 8,38,04,469 subscriber accounts where there is no date of birth record. ...Less
- EPFO coverage to be expanded to 10 crore subscribers: Minister Bhupender Yadav
According to Union Labour Minister Bhupender Yadav, it is the biggest responsibility of the EPFO to reduc ...More
According to Union Labour Minister Bhupender Yadav, it is the biggest responsibility of the EPFO to reduce its litigations and increase the coverage. ...Less
- Why EPFO must extend the deadline for EPS members to apply for higher pension: View
The last date to apply for a higher pension from the Employees' Pension Scheme (EPS) is fast approaching. ...More
The last date to apply for a higher pension from the Employees' Pension Scheme (EPS) is fast approaching. However, given the issues that are yet to be clarified by the Employees' Provident Fund Organisation (EPFO), there is a need for an extension of the deadline. Here are a few reasons that make a compelling case for the extension of the deadline. ...Less
- Higher EPS pension: EPFO extends deadline to June 26, 2023
This is the second time Employees' Provident Fund Organisation (EPFO) has extended the deadline. Earlier, ...More
This is the second time Employees' Provident Fund Organisation (EPFO) has extended the deadline. Earlier, the EPFO extended the deadline by two months from March 3, 2023 to May 3, 2023. The original deadline of March 3, 2023 was set by the Supreme Court in its order dated November 4, 2022. ...Less
- Retirement fund body EPFO settles 11 lakh claims in June
Retirement fund body EPFO settled 11.06 lakh claims like PF withdrawals in June, with 38 per cent being s ...More
Retirement fund body EPFO settled 11.06 lakh claims like PF withdrawals in June, with 38 per cent being settled within three days. ...Less
- EPFO adds 1.28 million members in June
Provisional payroll data released by the EPFO showed that of the total 1.28 million net new subscribers, ...More
Provisional payroll data released by the EPFO showed that of the total 1.28 million net new subscribers, about 0.81 million came under the social security net of the EPFO for the first time. ...Less
- Give priority to claim settlements, Labour Minister tells EPFO
EPFO should give priority to timely transfer and withdrawal of provident funds as well pension claims by ...More
EPFO should give priority to timely transfer and withdrawal of provident funds as well pension claims by employees, Labour Minister Sis Ram Ola said today. ...Less
- EPFO seeks CVC nod on tender for fund managers' appointment
Amid series of scams rocking the country, an extra cautious EPFO has send the tender document for appoint ...More
Amid series of scams rocking the country, an extra cautious EPFO has send the tender document for appointment of funds managers to the Central Vigilance Commission (CVC) for vetting. ...Less
- EPFO moots entry of former members with minimum contribution of Rs 500 a month
A top government official told ET that work has started within the EPFO to work out a model that will ena ...More
A top government official told ET that work has started within the EPFO to work out a model that will enable individuals, who were earlier members of the organisation, to join back with a minimum monthly contribution of ₹500 or 12% of their monthly income. ...Less
- EPFO cuts administrative charges; firms to save Rs 900 crore
The EPFO had reduced administrative charges from 1.10 per cent to 0.85 per cent from January 1, 2015. It ...More
The EPFO had reduced administrative charges from 1.10 per cent to 0.85 per cent from January 1, 2015. It was further reduced to 0.65 per cent from April 1, 2017. ...Less
- EPFO rolls out Employee Enrollment Scheme 2025
A new Employee Enrollment Scheme 2025 will encourage employers to enroll eligible employees with EPFO. St ...More
A new Employee Enrollment Scheme 2025 will encourage employers to enroll eligible employees with EPFO. Starting November 1, 2025, employers will face minimal penalties for past employee contributions. This initiative aims to boost workforce formalization and ease of doing business. The EPFO is also enhancing its digital platform, EPFO 3.0, for greater efficiency and accessibility. ...Less
- EPFO may consider more govt bonds and equity investments
The proposals are aimed at ensuring high returns for provident fund subscribers and they come after the E ...More
The proposals are aimed at ensuring high returns for provident fund subscribers and they come after the EPFO cut the interest rate for 2021-22 to 8.10%, the lowest in four decades. ...Less
