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: Dec 2024

EPFO

EPFO Rules Key Changes to Expect in PF Regulations

Dec 30, 2024

EPF and ESIC Registrations Drop as Formal Job Slows in October

In October , formal job growth in India experienced a significant slowdown, as reported by MoSPI...

EPFO

Dec 27, 2024

Latest news: EPF and ESIC Registrations Drop as Formal Job Slows in October - SightsIn Plus

EPFO Adds . Lakh Net Members, Youth Dominates

EPFO has reported a significant increase in its membership numbers for October , with a net addi...

EPFO

Dec 26, 2024

EPFO PF Withdrawal Process with E-Wallets and ATM Access

Employees Provident Fund Organization EPFO is set to revolutionize provident fund PF with...

EPFO

Dec 21, 2024

EPFO

EPFO extends deadline Jan 31 for EPS-95 higher pension uploads

EPFO has announced an extension of the deadline for employers to process and upload pending applications for higher pensions under EPS 1995. This extension comes as a response to multiple requests from employers and their associations for additional time to complete the required submissions. The final deadline for employers to upload wage details and process […]

Dec 19, 2024

EPFO

Govt Must Implement Enhanced EPS-95 Pension Immediately: Premachandran

On Monday, NK Premachandran of the Revolutionary Socialist Party (RSP) called for the immediate implementation of the enhanced pension scheme, as approved by the Supreme Court. The Court’s ruling on November 4, 2022, allowed existing employees to opt for a higher pension under the Employees’ Pension Scheme (EPS) of 1995. Premachandran emphasized that employees are […]

Dec 16, 2024

EPFO

e-Shram Portal Hits Milestone with 30.4 Crore Registrations

Ministry of Labour and Employment has announced that over 30.4 crore informal workers have registered on e-Shram portal as of December 1, 2024. This massive registration drive aims to create a comprehensive National Database of Unorganised Workers (NDUW), providing these workers with a Universal Account Number (UAN) on a self-declaration basis. Significance of e-Shram Portal […]

Dec 7, 2024

Editorial

EPS-95 Higher Pension Update: Less Than 1% Cases Settled So Far

Supreme Court Ruling and EPFO’s Higher Pension Rollout The Employees’ Provident Fund Organisation (EPFO) has issued approximately 16,282 pension payment orders under EPS-95 Higher Pension following the Supreme Court’s November 2022 ruling. The judgment upheld amendments to the EPS, allowing members who were part of the scheme as of September 1, 2014, to contribute 8.33% […]

Dec 3, 2024

EPFO

EPFO Launches 3.0: Flexibility in Provident Fund Contributions

The Employees’ Provident Fund Organisation (EPFO) is set to introduce EPFO 3.0, a new initiative that will allow employees to increase their provident fund contributions. This move aims to enhance the retirement savings of employees and provide them with greater financial security in their post-working years. EPFO 3.0: Enhancing Retirement Savings With the introduction of […]

Dec 2, 2024

EPFO

Labour Ministry Directs EPFO to Prepare for ELI Scheme Launch

The Labour Ministry has directed the Employees Provident Fund Organization (EPFO) to enhance its IT infrastructure and capacity in preparation for the launch of the Employment Linked Incentive (ELI) Scheme. This initiative is part of a broader government effort to boost employment, as announced by Finance Minister Nirmala Sitharaman in the Union Budget. ELI Scheme: […]

Nov 28, 2024

EPFO

EPFO to Implement Aadhaar-based OTP for UAN Activation

Ministry of Labour and Employment has issued a directive to Employees’ Provident Fund Organisation (EPFO) to ensure the activation of Universal Account Numbers (UAN) for employees using Aadhaar-based One-Time Password (OTP). This initiative is part of the government’s broader push for 100% Aadhaar-based biometric authentication and aims to streamline access to EPFO services. EPFO UAN […]

Nov 22, 2024

EPFO

EPFO Reports 9.33% Growth in Net Members for September 2024

EPFO has announced a significant increase in its membership numbers for September 2024, with a net addition of 18.81 lakh members. This marks a notable 9.33% year-on-year growth compared to the same month last year. EPFO: New Membership, Growth and Rejoining Members In September 2024, EPFO enrolled around 9.47 lakh new members, representing a 6.22% […]

Nov 21, 2024

EPFO

How to Check Your EPF Balance

Employee Provident Fund (EPF) is a valuable savings tool for employees. Contributions aim to ensure future financial security. In EPF accounts, both employees and employers contribute 12% of the employee’s salary each month. Staying updated on your Provident Fund (PF) balance is essential for effective financial planning. To check your EPF balance, ensure your Universal […]

Nov 12, 2024

EPFO

EPFO: 109th Executive Committee Meeting on Member Welfare

The Secretary of Labour & Employment chaired the 109th Meeting of the Executive Committee of Central Board of the Employees’ Provident Fund Organisation (EPFO). The meeting, held in New Delhi, addressed various key issues and initiatives aimed at enhancing the welfare and benefits of EPFO members. Key Highlights of EPFO 109th Meeting The committee discussed […]

Nov 11, 2024

EPFO

EPS New Pension System Pilot Run a Success: Union Minister

Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, announced the successful completion of the pilot run of the new Centralized Pension Payments System (CPPS) under the Employees’ Pension Scheme 1995 (EPS). The pilot run, which took place on October 29-30, 2024, saw the disbursement of over Rs 11 crore […]

Nov 9, 2024

EPFO

Enhanced Family Pension Rules for Fair Distribution for Daughters

The Department of Pension and Pensioners’ Welfare (DoPPW) has introduced comprehensive guidelines aimed at safeguarding family pension entitlements, particularly for daughters of deceased government employees. This update provides much-needed clarity on family pension eligibility, addressing diverse family situations to ensure equitable access. Enhanced Provisions for Fair Distribution The new guidelines specify that once a daughter’s […]

Nov 8, 2024