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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: Jul 2024
HR Insights: EPFO Gains Strength Establishments Contribute , Crore - SightsIn Plus
Compensation

EPFO Gains Strength Establishments Contribute , Crore

Jul 16, 2024

EPFO Recovers Crore Dues from SpiceJet A Closer Look

The Employees Provident Fund Organisation EPFO has recently made headlines by recovering cror...

Compensation
Jul 13, 2024
Latest news: EPFO Recovers Crore Dues from SpiceJet A Closer Look - SightsIn Plus

EPFOs Latest Rules How to Freeze and Defreeze Your UAN

The Employees Provident Fund Organisation EPFO has introduced new rules regarding the freezing an...

Employment
Jul 10, 2024
Latest news: EPFOs Latest Rules How to Freeze and Defreeze Your UAN - SightsIn Plus

Government amends EPS rule for members with under six months

Government of India has amended the Employees Pension Scheme EPS, to ensure that EPS members...

EPFO
Jun 29, 2024
Latest news: Government amends EPS rule for members with under six months - SightsIn Plus
SightsIn Plus Article: EPFO adds 18.92 lakh net members during April 2024
EPFO

EPFO adds 18.92 lakh net members during April 2024

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 […]

Jun 20, 2024
SightsIn Plus Article: EPFO facial authentication technology sees surge 2.1 to 6.6 lakh
EPFO

EPFO facial authentication technology sees surge 2.1 to 6.6 lakh

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 […]

Jun 8, 2024
SightsIn Plus Article: EPFO Launches Software for online updating of member profiles
EPFO

EPFO Launches Software for online updating of member profiles

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 […]

Jun 3, 2024
SightsIn Plus Article: Finance Ministry approved 8.25% EPF interest rate for FY 2023-24
EPFO

Finance Ministry approved 8.25% EPF interest rate for FY 2023-24

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

May 28, 2024
SightsIn Plus Article: EPFO: death claims can be processed without linking Aadhaar now​
EPFO

EPFO: death claims can be processed without linking Aadhaar now​

The Employees’ Provident Fund Organisation (EPFO) has introduced concessions for handling physical claims of deceased members whose Aadhaar details are not linked to their accounts. Announced on May 17, 2024, this amendment updates the previous order from September 9, 2020, regarding claim settlements in the absence of a Universal Account Number (UAN) when an employee […]

May 24, 2024
SightsIn Plus Article: EPFO adds 14.41 lakh net members during March 2024
EPFO

EPFO adds 14.41 lakh net members during March 2024

One of the two main social security organization, The Employees’ Provident Fund Organisation (EPFO) has released the provisional payroll data on 20th May, 2024. The data that was published by EPFO highlighted that it had added 14.41 lakh net members in the month of March, 2024. The data indicates that around 7.47 lakh new members have been […]

May 21, 2024
SightsIn Plus Article: EPFO launches Auto Claim Settlement for Education, Marriage, Housing
EPFO

EPFO launches Auto Claim Settlement for Education, Marriage, Housing

The Employees’ Provident Fund Organisation (EPFO) has now introduced auto-mode settlement of advance claims for education & marriage and housing. EPFO has introduced an Auto Claim Solution where in claim is processed automatically by the IT system without any human intervention. Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance […]

May 14, 2024
SightsIn Plus Article: EPFO Evaluates Action for Recent Judgment on International Workers
EPFO

EPFO Evaluates Action for Recent Judgment on International Workers

One of the two main social security organization, The Employees’ Provident Fund Organisation (EPFO) acknowledges the recent judgment issued by the esteemed High Court of Karnataka. India presently has social security agreements with 21 countries. These agreements ensure continued social security coverage for employees from these nations on a mutually reciprocal basis. When citizens from […]

May 8, 2024
SightsIn Plus Article: EPFO Feb 2024 addition: 18-25 Age Group Dominates at 56.36%
EPFO

EPFO Feb 2024 addition: 18-25 Age Group Dominates at 56.36%

One of the two main social security organization, the Employees Provident Fund Organisation (EPFO) provisional payroll data was released on 20 April 2024. The data that was shared highlights that EPFO has added 15.48 lakh net members in February 2024. However, in January EPFO has added 16.02 lakh net members in the month. The data […]

Apr 22, 2024
SightsIn Plus Article: EPFO new rule allows Rs. 1 lakh partial withdrawal for medical needs
EPFO

EPFO new rule allows Rs. 1 lakh partial withdrawal for medical needs

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 revised the eligibility threshold for auto claim settlements under Paragraph 68J, doubling it from Rs. 50,000 to Rs. 1 lakh. This initiative, outlined in a recent circular, aligns with the […]

Apr 18, 2024
SightsIn Plus Article: EPFO wage ceiling may increase to Rs. 21,000 from Rs. 15,000
EPFO

EPFO wage ceiling may increase to Rs. 21,000 from Rs. 15,000

As reported by ET, one of the two main social security organizations under the Government of India’s Ministry of Labour and Employment, the Employees’ Provident Fund Organisation (EPFO) is expected to increase the wage ceiling to Rs. 21,000 from Rs. 15,000. After being sidelined for years, the proposal is getting fresh attention. In 2014, the government revised […]

Apr 12, 2024
SightsIn Plus Article: EPFO New Rules Effective From April 1, 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