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

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

Sep 4, 2023

EPFO adds . lakh net members in June highest since Aug

EPFO provisional payroll data released on th August, highlights that EPFO has added . lak...

EPFO

Aug 21, 2023

EPFO Employers defaulting on contributions are liable to pay damages

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

EPFO

Aug 17, 2023

EPFO states PF interest credit will reflect shortly in the passbook

One of the Worlds largest Social Security bodies, The Employees Provident Fund Organis...

EPFO

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

EPFO

EPFO officers sentenced to 6 years in jail for taking bribe

On Friday, May 26, 2023, the special CBI Court of Chandigarh sentenced two EPFO Sector 17, Chandigarh officers to six years imprisonment for accepting a bribe of Rs 2 lakh in 2015. According to Indian Express, two EPFO officers Vijay Rawat and Bachittar Singh are found guilty under Sections 7 of the Prevention of Corruption […]

May 28, 2023

EPFO

EPS-95 Higher Pension: important factors to consider before opting

The EPS-95 Higher Pension has faced a lot of confusion and explanation on its calculations. Further, Hon’ble Supreme Court held the requirement of the members to contribute at the rate of 1.16% of their salary to the extent such salary exceeds Rs.15000/- per month as an additional contribution under the amended scheme to be ultra vires […]

May 27, 2023

EPFO

EPFO Payroll Data Highlights for FY 2022-23

The provisional payroll data of EPFO released on 20th May, 2023 highlights that EPFO has added 13.40 lakh net members in the month of March 2023. During the financial year 2022-23, around 1.39 crore net members have been added by EPFO with an increase of 13.22% compared to the previous financial year 2021-22 wherein EPFO […]

May 22, 2023