Employee Provident Fund Organization: HR News, Trends & Workplace Insights

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

Updated on: Nov 2023

EPFO

EPFO added . lakh net members during September

Nov 21, 2023

Government starts crediting EPF interest for FY -

The Employees Provident Fund Organisation EPFO has started crediting the interest to provid...

EPFO

Nov 10, 2023

Government starts crediting EPF interest for FY -

EPFO adds . lakh net members during month of August

The EPFO provisional payroll data released highlights that EPFO has added . lakh net members in ...

EPFO

Oct 21, 2023

EPFO Salient Features of Employees Deposit Linked Insurance

There are several social security programs that have been introduced under thenbspEmployees Provi...

EPFO

Sep 29, 2023

EPFO

EPFO asked zonal offices to prepare budgets for pension schemes

The Employees’ Provident Fund Organisation (EPFO) has asked for Revised Estimates for the year 2023-24 and Budget Estimates for the year 2024-25 in respect of Employees’ Provident Funds Scheme, 1952 (including Employees’ Pension Scheme, 1995) and Employees’ Deposit-Linked Insurance Scheme, 1976 from the Zonal Offices. The EPFO circular reads, “In accordance with the provisions regarding […]

Sep 22, 2023

EPFO

EPFO highest payroll addition 18.75 lakh net members in July

EPFO’s provisional payroll data released highlights that EPFO has added 18.75 lakh net members in the month of July, 2023. The addition during the month is the highest since first publishing of EPFO payroll data from April, 2018 covering the period of September, 2017 onwards. A growing trend is continued since last three months with […]

Sep 21, 2023

Industry

CBI court sentences PF office staffer to 03 years jail for accepting bribe

The Central Bureau of Investigation (CBI) court has sentenced a staff of the Provident Fund (PF) office in Navi Mumbai to three years in jail. The employee Kallakuri Vijay Ramarao was found guilty of charges under the Prevention of Corruption Act. He has been sentenced to three years of imprisonment and imposed a fine of Rs. 50,000 Harpreet Singh Saluja, President […]

Sep 18, 2023

EPFO

Employers will pay damages & interest on amount due, @Rate…

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) employers defaulting on contributions are liable to pay damages and Interest on the amount due. The Employees Provident Fund Organisation said that employers defaulting on contributions are liable to pay Damages u/s 14B and interest u/s 7Q on the due amount. The employers […]

Sep 11, 2023

EPFO

EPFO Benefits Payable to Widow/Widower & Children under EPS-95

There are several schemes under the Employees’ Provident Fund Organisation. Under this scheme, EPFO announces benefits payable to children, widows & widowers under EPS’95. The EPFO shared in a Tweet the benefits payable to the widows/ widowers and children under this particular scheme. The Tweet said, “Benefits payable to Widow/Widower & Children under EPS’95.” Benefits payable […]

Sep 8, 2023

EPFO

EPFO issues fresh guidelines for granting exemption to establishments

The Employees’ Provident Fund Organisation (EPFO) has issued a fresh standard operating procedure (SOP). These SOPs describe the process and proposals of establishments seeking exemptions from the operation of the Employee Provident Fund (EPF) scheme. INTRODUCTION Establishments that seek to maintain their own Provident Fund Trusts apply for a grant of exemption under Section 17 […]

Sep 7, 2023

EPFO

EPFO issues new process to update/correct name, date of birth etc

Employees’ Provident Fund Organization (EPFO) has issued a new procedure for Employees’ Provident Fund (EPF) members to correct or update their details. According to the circular issued by EPFO, a Standard Operating Procedure (SOP) has been issued to correct many other details including name, date of birth and gender of EPF members. Joint Declaration is […]

Sep 4, 2023

EPFO

EPFO adds 17.89 lakh net members in June 23 highest since Aug 22

EPFO provisional payroll data released on 20th August, 2023 highlights that EPFO has added 17.89 lakh net members in the month of June, 2023. The data reveals that 3,491 establishments have extended social security cover of EPFO to their employees by remitting their first ECR during the month. Month-on month comparison of payroll data shows […]

Aug 21, 2023

EPFO

EPFO: Employers defaulting on contributions are liable to pay damages

Aug 17, 2023

EPFO

Central Government Ratifies 8.15% Interest Rate on EPFO

Recently, The Central Government has ratified the interest rate of employees’ provident fund (EPF) subscribers to 8.15% which will cover over 6 crore subscribers. The circular said, “The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit […]

Jul 24, 2023

EPFO

EPFO adds 16.30 lakh net members during the month of May, 2023

EPFO’s provisional payroll data released on 20th July, 2023 highlights that EPFO has added 16.30 lakh net members in the month of May, 2023. The data reveals that 3,673 establishments have extended social security cover of EPFO to their employees by remitting their first ECR during the month. The data indicates that around 8.83 lakh new […]

Jul 21, 2023

Industry

CBI books EPFO official, 13 Jet Airways employees: PF fraud case

The Central Bureau of Investigation (CBI) has registered an FIR against an EPFO official, and 13 ex-employees of Jet Airways in the PF claims fraud case. The FIR Copy read, “Bamne was found to be involved in various fraudulent activities. While working as Dealing Assistant in Accounts Section in Kandivli, Bamne received illegal gratification in his […]

Jul 14, 2023