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Employees Provident Fund Organisation EPFO, under the Ministry of Labour and Employment, has take...
In a major reform to enhance Ease of Living for EPF members and Ease of Doing Business for employers...
Employees Provident Fund Organisation EPFO has introduced significant reforms to simplify t...
Employees’ Provident Fund Organisation (EPFO) has introduced two significant reforms aimed at simplifying the claim settlement process and enhancing ease of living for its members and ease of doing business for employers. These changes, effective from April 1, 2025, reflect EPFO’s commitment to leveraging technology and streamlining operations to provide a seamless experience for its […]
Employees’ Provident Fund Organisation (EPFO), one of the largest social security organizations globally, has expanded its banking network by empanelling 15 additional banks for the collection of EPFO contributions. This move takes the total number of empanelled banks to 32, significantly enhancing accessibility for employers and members. The expansion aligns with EPFO’s mission to simplify […]
Employees’ Provident Fund Organisation (EPFO) has introduced several transformative changes to its claim settlement process, effective from April 1, 2025. These reforms aim to enhance efficiency, reduce paperwork, and improve the overall experience for its 7.5 crore members. With a focus on digitization and automation, EPFO is setting new benchmarks in service delivery, ensuring faster […]
To enhance the ease of living for its 7.5 crore members, the Employees’ Provident Fund Organisation (EPFO) is set to increase the auto-settlement limit for provident fund (PF) withdrawals from ₹1 lakh to ₹5 lakh. This decision, approved during the 113th Executive Committee meeting of the Central Board of Trustees (CBT) held in Srinagar, Jammu […]
Employees’ Provident Fund Organisation (EPFO) convened its 113th Executive Committee (EC) meeting of Central Board of Trustees (CBT) on March 29, 2025, in Srinagar. Chaired by Sumita Dawra, Secretary of the Ministry of Labour and Employment, the meeting brought together senior officials, representatives of employers and employees, and EPFO leadership to discuss key initiatives aimed […]
Finance Minister Nirmala Sitharaman has addressed concerns regarding recent amendments to pension rules, clarifying that there will be no changes to the existing pension benefits for central government and defense pensioners. While addressing the Rajya Sabha, Nirmala clarified that the amendments are simply a validation of existing rules. She assured that these changes do not […]
Employees’ Provident Fund Organisation (EPFO) is set to revolutionize the way its members access their provident fund (PF) accounts. By the end of May 2025, EPFO will introduce a Unified Payments Interface (UPI)-based system and ATM withdrawals, enabling members to access their funds more conveniently and efficiently. This initiative, approved by the Ministry of Labour […]
The Employees’ Provident Fund Organisation (EPFO) has introduced several measures to enhance the efficiency and ease of claim settlements. These steps focus on automation, digitalization, and process simplification to improve user experience. Auto-Mode Processing of Claims EPFO has increased the limit for auto-mode claim processing to ₹1 lakh, covering advances for housing, education, and marriage […]
Government of India has introduced the Unified Pension Scheme (UPS), a significant step aimed at providing financial stability and security to Central Government (CG) employees post-retirement. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme is set to roll out on April 1, 2025. This initiative combines features of the Old Pension […]
The Employees’ Provident Fund Organization (EPFO) has released provisional payroll data for January 2025, showing a net addition of 17.89 lakh members. This marks an 11.48% increase compared to December 2024. Year-over-year, net payroll additions grew by 11.67% compared to January 2024. It is indicating more job opportunities and better awareness of employee benefits, supported […]
The Employees’ Provident Fund Organisation (EPFO) is set to complete the processing of all applications under Pension on Higher Wages (PoHW) by March 31, 2025. This was confirmed during the 112th meeting of the Executive Committee (EC) of the Central Board of Trustees, EPF as a press release on Feb 26. The meeting was chaired […]
Pensioners under Employees’ Provident Fund Organisation (EPFO) have intensified their demand for an increase in the minimum monthly pension amount from the current ₹1,000 to ₹9,000. This demand has gained momentum as pensioners across the country, including those in Nashik and Chennai, staged protests and submitted appeals to government authorities. The pensioners argue that the […]
