Employee Provident Fund: HR News, Trends & Workplace Insights

Latest Employee Provident Fund HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Employee Provident Fund.

Updated on: Jul 2024

Industry

Big Salary Hike For Govt Employees in Haryana

Jul 2, 2024

EPFO adds . lakh net members during April

EPFO released provisional payroll data highlighting that EPFO has added . lakh net members in Ap...

EPFO

Jun 20, 2024

CBI arrests EPFO officer for taking bribe of over Rs lakh

Central Bureau of Investigation CBI has apprehended three accused including an Enforcement Officer...

Industry

Jun 14, 2024

CBI arrests EPFO officer for taking bribe of over Rs lakh

EPFO adds . lakh net members during March

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

EPFO

May 21, 2024

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

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

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

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

Industry

EPFO officer arrested by CBI for accepting bribe

The Central Bureau of Investigation (CBI) has arrested an accused Enforcement Officer, EPFO, Tirunelveli, Tamil Nadu while accepting a bribe amount of Rs. 2 lakh from the complainant. The CBI has initiated a case against an Enforcement Officer from EPFO, Tirunelveli, Tamil Nadu, on the grounds of a complaint. The accused is alleged to have […]

Feb 20, 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