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- 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
- 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
- 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
- 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
- New rules from July 1, 2026: Aadhaar, passport, ITR deadline, credit card and railway changes you must know
July 2026 ushers in significant financial shifts for Indians. Expect revised credit card benefits, increa ...More
July 2026 ushers in significant financial shifts for Indians. Expect revised credit card benefits, increased passport fees, and stricter railway penalties. Aadhaar email updates become free for a period, while new RBI rules aim to curb financial product mis-selling. Car prices are also set to rise, and taxpayers face approaching ITR deadlines. These changes will impact household budgets and require careful financial planning. ...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
- 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
- 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
- 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
- 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
- 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 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
- 7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and more
The Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Manag ...More
The Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fund Organisation, it provides monthly pensions, family pensions, and disablement pensions. ...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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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 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
- 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 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
- 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
- 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
- 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 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
- 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 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
- 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 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, 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 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
- 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 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
- 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 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 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 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
- 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
- ICICI Pru top fund manager of EPFO in Sept 2008-Aug 2010
Out of the four fund managers appointed by EPFO in September 2008, Reliance Capital came at the bottom, g ...More
Out of the four fund managers appointed by EPFO in September 2008, Reliance Capital came at the bottom, giving only 8.54 per cent return. ...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
- 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
- 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
- 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
- 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
