Explore the latest EPFO news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
The Employees Provident Fund Organisation EPFO continues its commitment to educating members and ...
In a significant move, the Supreme Court has drawn attention to the inadequate pensions being provid...
The Employees Provident Fund Organisation EPFO has reported a substantial surge in new establishm...
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Employees’ Provident Fund Organisation (EPFO) has recently made headlines by recovering ₹61 crore in provident fund dues from SpiceJet, a prominent player in India’s aviation industry. This development sheds light on the financial health of the airline and its commitment to meeting its obligations toward employees. EPFO vs. SpiceJet: Background SpiceJet, like many other […]
The Employees’ Provident Fund Organisation (EPFO) has introduced new rules regarding the freezing and defreezing of Universal Account Numbers (UAN). These rules aim to enhance security, prevent fraud, and safeguard the interests of EPF subscribers. In this detailed guide, we’ll walk you through the step-by-step process of freezing and defreezing your UAN, along with other […]
Government of India has amended the Employees’ Pension Scheme (EPS), 1995 to ensure that EPS members with less than 6 months of contributory service also receive withdrawal benefits. This amendment will benefit more than 7 lakh EPS members every year who leave the scheme with less than 6 months of contributory service. Further, according to […]
EPFO released provisional payroll data highlighting that EPFO has added 18.92 lakh net members in April 2024. The addition during the month is the highest since first payroll data was published in April 2018. An increase of 31.29% has been registered in net member addition during the current month as compared to the previous month of March […]
The Ministry of Labour & Employment announced the surge in the use of EPFO Facial Authentication Technology by EPS pensioners for Digital Life Certificate Submission. The Employees’ Provident Fund Organisation (EPFO) has more than 78 Lakh pensioners, who are required to submit a Life certificate every year for continuation of the pension being paid to […]
The Employees’ Provident Fund Organisation (EPFO) has implemented software for the online submission of changes to KYC details. A proper KYC and matching member profile facilitates EPFO in providing instant services like auto settlement of advances, auto transfer of PF account, e-nomination, etc. to the member without the need for any physical visits to any […]
