EPFO: HR News, Trends & Workplace Insights

Explore the latest EPFO news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.

Updated on: Sep 2024

EPFO

EPFO Sees Highest Monthly Addition of Female Members

Sep 24, 2024

Government to Reevaluate Maximum Wage for EPS Contributions

Union Labour Minister Mansukh Mandaviya recently announced that the Indian government is actively co...

EPFO

Sep 20, 2024

Latest news: Government to Reevaluate Maximum Wage for EPS Contributions - SightsIn Plus

EPFO Boosts Withdrawal Limit Subscribers Can Access Lakh

In a significant move aimed at providing financial flexibility to subscribers, the Indian government...

EPFO

Sep 19, 2024

EPS Pensioners Can Choose Any Bank, Any Branch in India

The Centralized Pension Payment System CPPS for the Employees Pension Scheme EPS has recei...

EPFO

Sep 5, 2024

Latest news: EPS Pensioners Can Choose Any Bank, Any Branch in India - SightsIn Plus

EPFO

Breaking Records; EPFO Adds 19.29 Lakh Members in June 2024

The Employees’ Provident Fund Organisation (EPFO) has witnessed a significant surge in net member additions during June 2024. This growth reflects both increased employment opportunities and the effectiveness of EPFO’s outreach programs. Key Findings from EPFO Total Net Members Added: In June 2024, EPFO added a remarkable 19.29 lakh net members, marking a substantial increase […]

Aug 21, 2024

EPFO

Proposed EPF Wage Ceiling Hike; What It Means for Employees?

The Ministry of Labour and Employment has put forth a significant EPF proposal that could impact millions of employees across India. The government is considering raising the wage ceiling for calculating provident fund contributions—from the existing Rs 15,000 to Rs 21,000. Let’s delve into the details: Background and Context Since September 1, 2014, the maximum […]

Aug 16, 2024

EPFO

Newly Launched Online Module for Exemption Surrender of EPF

In a significant move aimed at streamlining EPFO processes and enhancing member convenience, Union Minister for Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, inaugurated the ‘Online Facility for Surrender of Exemption from EPF Scheme’ in New Delhi. This cutting-edge online module, part of the EPFO Central IT System 2.01, promises to […]

Aug 14, 2024

EPFO

EPFO 5th Live Session; Educating Members and Pensioners

The Employees’ Provident Fund Organisation (EPFO) continues its commitment to educating members and pensioners by organizing its 5th live session. Scheduled for 13th August 2024 at 12 noon, this interactive event will focus on the crucial topic of “EPF Transfer.” Whether you’re a working professional, a retiree, or someone planning for the future, understanding EPF transfer processes is […]

Aug 13, 2024

EPFO

Supreme Court: District Judges’ Struggle with Meagre Pensions

In a significant move, the Supreme Court has drawn attention to the inadequate pensions being provided to District Judges across India. These judicial officers, who play a crucial role in the administration of justice, have been grappling with meagre post-retirement benefits. The Court has now urged the Centre to address this pressing issue promptly. Chief […]

Aug 9, 2024

EPFO

EPFO Witnesses Surge in New Establishment Registrations

The Employees’ Provident Fund Organisation (EPFO) has reported a substantial surge in new establishment registrations from the financial year 2019-20 to 2023-24. This upward trend reflects the success of government policies and initiatives aimed at promoting business formalization and generating employment opportunities across India. Impressive Growth Figures The EPFO’s data reveals a remarkable trajectory: Digitization […]

Jul 30, 2024

EPFO

Tata Motors Engages in Legal Battle with EPFO Over PF Transfer

In a legal clash, Tata Motors finds itself at odds with the Employees’ Provident Fund Organisation (EPFO) regarding the transfer of its pension funds. The automaker, which maintains its own exempted pension fund, had initially sought to relinquish this exemption status and transfer its employee provident fund corpus to the EPFO. However, the EPFO has […]

Jul 29, 2024

EPFO

EPFO has 3 Schemes to Boost Employment under Budget 2024-25

The Union Budget 2024-25 was released on July 23, 2024 with major initiatives for EPFO employees. In her Budget speech, Union Finance Minister Nirmala Sitharaman announced three employment-linked incentive schemes. These are aimed at increasing hiring and recognizing the contributions of first-time employees. These schemes are closely tied to enrolment in the Employees’ Provident Fund […]

Jul 26, 2024

EPFO

EPFO Added a Historic Number of Members in May 2024- Ministry

In a significant development, the Employees’ Provident Fund Organisation (EPFO) has reported the highest-ever net addition of 19.50 lakh members during May 2024. This remarkable surge in membership marks a pivotal moment for India’s organized workforce and underscores the growing awareness of employee benefits and social security programs. Key Highlights It is significant to note […]

Jul 22, 2024

EPFO

EPFO Officers Appeal for IT Infrastructure Overhaul to Minister

The EPFO Association has urgently appealed to the Union Labour Minister to enhance the IT infrastructure of the retirement fund body. In a letter sent earlier this week, the EPFO officers highlighted ongoing requests for upgrading the EPF’s IT systems, including software, hardware, and IT manpower. These deficiencies have severely strained EPF personnel and negatively […]

Jul 20, 2024

EPFO

EPFO to Launch 24×7 Multilingual Contact Centre Amid Criticism

The Employees’ Provident Fund Organisation (EPFO) is taking a proactive step to address subscriber grievances by establishing a round-the-clock multilingual “contact centre.” This move comes in response to recent criticism on social media platforms regarding delays in complaint resolution and rising rejection rates of settlement claims. EPFO’s Multilingual “Contact Centre” Also Watch: How GenAI Transforms […]

Jul 19, 2024

Compensation

EPFO Gains Strength: 27 Establishments Contribute ₹1,688 Crore

In a significant development, 27 establishments have voluntarily surrendered their exemption status over the past two years, resulting in the addition of approximately 30,000 employees to the Employees’ Provident Fund Organisation (EPFO). These establishments have collectively contributed ₹1,688.82 crore to the EPFO fund, reinforcing the organization’s financial stability and commitment to employee welfare. Background and […]

Jul 16, 2024