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: Jan 2024

EPFO

EDLI to provide benefit up to Rs. lakh paid to the nominee

Jan 8, 2024

EPFO extends last date to upload wage details for higher pension by months

One of the Worlds largest Social Security Organisations,nbspthe Employees Provident ...

EPFO

Jan 4, 2024

EPFO has issued SOPs to freeze, defreeze EPF accounts

The EPFO has recently issued a circular for Standard Operating Procedure SOP for fre...

EPFO

Dec 28, 2023

EPFO payroll data reflects increase of . in net membership

One of the Worlds largest Social Security Organisations, the Employees Provident Fund ...

EPFO

Dec 21, 2023

EPFO

EPFO releases FAQs on issues linked to higher pension

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has issued an updated set of FAQs (Revised) Frequently Asked Questions (FAQs) for the field offices for Implementation of the Judgment of the Hon’ble Supreme Court dated 04.11.2022. EPFO circular is currently issued saying, “Frequently Asked Questions (FAQS) for Implementation of Judgment […]

Dec 14, 2023

EPFO

EPFO added 17.21 lakh net members during September 2023

The Employees Provident Fund Organisation (EPFO) has released the provisional payroll data highlighting that EPFO has added 17.21 lakh net members in September 2023. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over the previous year of September […]

Nov 21, 2023

EPFO

Government starts crediting EPF interest for FY 2022-23

The Employees’ Provident Fund Organisation (EPFO) has started crediting the interest to provident fund (PF) accounts, the government body said in a statement. The rate of interest on the PF account investment for the financial year 2022-23 is 8.15%. Union Minister for Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav has expressed satisfaction […]

Nov 10, 2023

EPFO

EPFO calls CBT meeting likely to address Higher Pension issues

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has asked all board members to be present at the 234th CBT meeting on next Tuesday likely to address Higher Pension issues. Recently, EPFO has extended three months for Employers to upload wage details, etc. online latest by 31.12.2023 regarding Pensions […]

Oct 25, 2023

EPFO

EPFO adds 16.99 lakh net members during month of August 2023

The EPFO provisional payroll data released highlights that EPFO has added 16.99 lakh net members in the month of August, 2023. Year-on-year comparison of payroll data reflects a marginal increase in net members over the previous year of August, 2022. The data reveals that 3,210 establishments have extended social security cover of EPFO to their […]

Oct 21, 2023

EPFO

EPFO: Salient Features of Employees’ Deposit Linked Insurance

There are several social security programs that have been introduced under the Employees’ Provident Fund Organisation (EPFO). Recently, Employees’ Provident Fund Organisation (EPFO) has shared a post on X (formally Twitter) saying, “Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976, is an important social security measure. Here are the main features of EDLI scheme.” Salient features of the […]

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

EPS’95 pensioners can submit Life Certificate at any time for 1 year

EPFO announced that that EPS’95 Pensioners can now submit a Life Certificate at any time which will be valid for 1 year from the date of submission. The Digital Life Certificate for Pensioners Scheme of the Government of India known as Jeevan Pramaan seeks to address this very problem by digitizing the whole process of […]

Sep 21, 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