Employees Provident Fund: HR News, Trends & Workplace Insights

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

Updated on: Jul 2024
EPFO Evaluates Action for Recent Judgment on International Workers
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 […]

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EPFO Feb 2024 addition: 18-25 Age Group Dominates at 56.36%
EPFO

EPFO Feb 2024 addition: 18-25 Age Group Dominates at 56.36%

One of the two main social security organization, the Employees Provident Fund Organisation (EPFO) provisional payroll data was released on 20 April 2024. The data that was shared highlights that EPFO has added 15.48 lakh net members in February 2024. However, in January EPFO has added 16.02 lakh net members in the month. The data […]

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EPFO new rule allows Rs. 1 lakh partial withdrawal for medical needs
EPFO

EPFO new rule allows Rs. 1 lakh partial withdrawal for medical needs

One of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has revised the eligibility threshold for auto claim settlements under Paragraph 68J, doubling it from Rs. 50,000 to Rs. 1 lakh. This initiative, outlined in a recent circular, aligns with the […]

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Youth (18-25 age) dominate Jan. 2024 New Member Additions Data
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 […]

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EPFO: Relief for EPF Members, Declaration Form Update
EPFO

EPFO: Relief for EPF Members, Declaration Form Update

As reported by the ET, one of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has specified that the EPF account holders will be exempted from submitting a joint declaration form, a vital document requiring both employee and employer signatures. In […]

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EPFO warns default employers not contributing employee PF fund
EPFO

EPFO warns default employers not contributing employee PF fund

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) warned employers defaulting on contributions, are liable to pay damages and Interest on the amount due. EPFO 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 should ensure timely payment […]

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EPFO enrolled 8.41 lakh new members during December 2023
EPFO

EPFO enrolled 8.41 lakh new members during December 2023

One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released the provisional payroll data on 20th February, 2024. The data that was released by EPFO highlighted that it added 15.62 lakh net members in the month of December, 2023 which is highest in last three months. There has been an increase of […]

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EPFO: Know all about EPF advance on illness
EPFO

EPFO: Know all about EPF advance on illness

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has shared information about EPF Advance on illness Eligibility for EPF advance withdrawal due to medical reasons Certain conditions have to be fulfilled for advance withdrawal of Employees’ Provident Fund: Conditions Amount: The basic wages and DA for six months or […]

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EPFO payroll data reflects increase of 18.22% in net membership
EPFO

EPFO payroll data reflects increase of 18.22% in net membership

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data. EPFO added 15.29 lakh net members in October 2023. Year-on-year comparison of payroll data reflects an increase of 18.22% in net membership over the previous year during October 2022. The data indicates that around 7.72 […]

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7.63 Lakh new female EPF Subscribers enrolled during July to Sep. 2023
EPFO

7.63 Lakh new female EPF Subscribers enrolled during July to Sep. 2023

Recently the government has issued a data showing that over 7.63 Lakh new female EPF Subscribers enrolled during July to Sep. 2023. The government have also showed the bifurcation of States and UT of Cumulative Number of New EPF Subscribers enrolled during the last quarter (July, 2023 to September, 2023). The Employees’ Provident Fund Organisation […]

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EPFO Update: EPF marriage advance facility for members
EPFO

EPFO Update: EPF marriage advance facility for members

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) has recently updated the Employees Provident Fund marriage advance facility for members. The EPFO has recently shared a post on social media platform X (formally Twitter) saying, “Members can avail EPF marriage advance facility on completion of seven years of membership.” The […]

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EPFO has already credited interest in more than 24 crore accounts
EPFO

EPFO has already credited interest in more than 24 crore accounts

Union Minister for Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav inaugurated the 71 Foundation Day of EPFO held at Bharat Mandapam, New Delhi through virtual mode. Bhupender Yadav further exhorted EPFO to become a hassle-free and technology-driven Organization. He expressed satisfaction that EPFO is giving 8.15% interest this year and has […]

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