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: May 2024

EPFO

EPFO Evaluates Action for Recent Judgment on International Workers

May 8, 2024

EPFO Feb addition - Age Group Dominates at .

One of the two main social security organization, the Employees Provident Fund Organisation EPFO p...

EPFO

Apr 22, 2024

EPFO new rule allows Rs. lakh partial withdrawal for medical needs

One of the two main social security organization under the Government of Indias Ministry of L...

EPFO

Apr 18, 2024

EPFO wage ceiling may increase to Rs. , from Rs. ,

As reported by ET,nbspone of the two main social security organizations under the Government of In...

EPFO

Apr 12, 2024

EPFO

EPFO New Rules Effective From April 1, 2024

Starting April 1, EPFO will implement significant changes in employee provident fund regulations, impacting contributors and beneficiaries. These changes are expected to benefit employees and employers alike, ensuring smoother operations within the provident fund system. According to various sources and Mint reports, the new EPF rule will enable automatic transfer of employees’ funds when changing […]

Apr 2, 2024

EPFO

Youth (18-25 age) dominate Jan. 2024 New Member Additions Data

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data on 24th March 2024 highlights that a noticeable aspect of Youth (18-25 age) dominated in January 2024 New Member Additions Data. The data is the dominant of the 18-25 age group, constituting a significant 56.41% of the […]

Mar 26, 2024

EPFO

HR Manager demanded sex favour for deceased father’s PF

In the latest development, an incident surfaced from Mumbai where an HR Manager demanded sexual favors in exchange for releasing a 23-year-old girl’s deceased father’s Provident Fund (PF). The incident was reported by TOI, In the complaint, the woman said: “Despite submitting multiple forms to claim the PF, I did not receive it.” “After being […]

Mar 23, 2024

EPFO

EPFO: Relief for EPF Members, Declaration Form Update

As reported by the ET, one of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has specified that the EPF account holders will be exempted from submitting a joint declaration form, a vital document requiring both employee and employer signatures. In […]

Mar 11, 2024

EPFO

EPFO warns default employers not contributing employee PF fund

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) warned employers defaulting on contributions, are liable to pay damages and Interest on the amount due. EPFO said that employers defaulting on contributions are liable to pay Damages u/s 14B and interest u/s 7Q on the due amount. The employers should ensure timely payment […]

Mar 8, 2024

EPFO

Latest update on EPS-95 Higher Pension; deadline, cases solved…

Earlier an online facility was made available by EPFO for submitting EPS-95- Higher Pension; Applications for Validation of Options/Joint Options for pension on higher wages. The facility was for eligible pensioners/members in compliance with the Hon’ble Supreme Court order dated 04.11.2022. The facility was launched on 26.02.2023 and was to remain available only till 03.05.2023. […]

Mar 4, 2024

EPFO

EPFO enrolled 8.41 lakh new members during December 2023

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released the provisional payroll data on 20th February, 2024. The data that was released by EPFO highlighted that it added 15.62 lakh net members in the month of December, 2023 which is highest in last three months. There has been an increase of […]

Feb 21, 2024

EPFO

EPFO fixes 3-year high interest rate of 8.25% for FY 2023-24

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has fixed the interest rate as 8.25 % for FY 2023-24. The Central Board recommended an annual rate of interest of 8.25% to be credited on EPF accumulations in members’ accounts for the financial year 2023-24. This interest rate will be […]

Feb 10, 2024

EPFO

EPFO adds 13.95 lakh net members during November 2023

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data on 20th January, 2024. The data highlights that EPFO has added 13.95 lakh net members in November 2023. However, In October 2023 EPFO added 15.29 lakh net members. The data indicates that around 7.36 lakh new members enrolled in […]

Jan 22, 2024

EPFO

EPFO: Know all about EPF advance on illness

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has shared information about EPF Advance on illness Eligibility for EPF advance withdrawal due to medical reasons Certain conditions have to be fulfilled for advance withdrawal of Employees’ Provident Fund: Conditions Amount: The basic wages and DA for six months or […]

Jan 15, 2024

EPFO

EPFO further extends deadline to upload wage details till May 31

EPFO comes with another extension of the deadline for employers to upload wage details of employees opting for higher pensions till 31st May 2024. Earlier the deadline was December 31, 2023. EPFO received around 1.74 million applications from the members opting for higher pensions till July 11, 2023, the last date for employees to apply for […]

Jan 9, 2024

EPFO

EDLI to provide benefit up to Rs. 7 lakh paid to the nominee

Several social security programs have been introduced under the Employees’ Provident Fund Organisation (EPFO). Recently, the Employees’ Provident Fund Organisation (EPFO) shared a post on X (formally Twitter) saying, “Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976, is an important social security measure. Here are the main features of the EDLI scheme.” Employees' Deposit Linked Insurance (EDLI) Scheme, […]

Jan 8, 2024