EPFO: HR News, Trends & Workplace Insights

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

Updated on: Sep 2023

EPFO

Aatmanirbhar Bharat Rozgar Yojana Surpasses Employment Generation Target

Sep 11, 2023

Employers will pay damages interest on amount due, Rate

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

EPFO

Sep 11, 2023

Employers will pay damages interest on amount due, Rate

EPFO issues fresh guidelines for granting exemption to establishments

The Employees Provident Fund Organisation EPFO has issued a fresh standard operating proced...

EPFO

Sep 7, 2023

EPFO issues new process to updatecorrect name, date of birth etc

Employees Provident Fund Organization EPFO has issued a new procedure for Employees Provident Fu...

EPFO

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

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 […]

Aug 17, 2023

EPFO

EPFO states PF interest credit will reflect shortly in the passbook

One of the World’s largest Social Security bodies, The Employees’ Provident Fund Organisation (EPFO) has stated that the PF interest credit will reflect shortly in the passbook. The EPFO shared a post on the social media platform saying, “The process is in the pipeline and may be shown there very shortly. Whenever the interest will […]

Aug 11, 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

EPFO

Tomorrow is the last day to apply for a higher pension from EPS

The Employees’ Provident Fund Organisation (EPFO) has extended the deadline by 15 days to get a pension on higher wages from June 26 to July 11. Initially, the deadline was March 3. An online facility has been made available by EPFO for submitting Applications for Validation of Options/Joint Options for pension on higher wages. The […]

Jul 10, 2023

EPFO

Latest Update on EPS- 95 Higher Pension | Joint Options

Employees who are members of the EPS-95 and are in service/retired after 2014 can opt for a higher pension by filing a joint option application with the regional PF commissioner before 11/07/2023. Online facility has been made available by EPFO for submitting Applications for Validation of Option /Joint Options for pension on higher wages. The […]

Jul 5, 2023

EPFO

Will EPFO further extend the deadline to opt for higher pension?

According to EPFO, currently, the deadline to apply for a higher pension under the EPS is June 26, 2023 The deadline has been already extended two times earlier. The initial last date to apply for the provision of a higher pension was March 3, 2023. EPFO has extended the last day to opt for a […]

Jun 24, 2023

EPFO

EPFO adds 17.20 lakh net members during the month of April 23

EPFO’s provisional payroll data released on 20th June, 2023 indicates significant increase on several key parameters. It reveals that EPFO has added 17.20 lakh net members in the month of April, 2023 as compared to the net addition of 13.40 lakh during the previous month of March, 2023. Year-on-year, an increasing trend has been observed in […]

Jun 21, 2023

EPFO

EPFO issues new circular, documents, computation- higher pension

Aiming for more clarity on how to claim a higher pension, Employees’ Provident Fund Organisation (EPFO) has recently issued a circular on the list of documents to be submitted for claiming higher EPS-95 & pension computation method. The circular also elaborates on what all documents one can submit if one is not able to furnish […]

Jun 15, 2023

EPFO

ESP-95 Higher Pension: EPFO sets a deadline for validation of joint declaration

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) sets 20 days deadline for field offices for validation of joint applications under EPS-95, higher pension. EPFO has issued a circular dated June 2, 2023, that has provided the information regarding the joint declaration option. The EPFO aims to streamline the […]

Jun 12, 2023