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: Apr 2022

EPFO

EPFO adds . lakh net subscribers in February,

Apr 21, 2022

EPFO Panel backs raising the monthly wage ceiling to Rs. ,

A high-level committee has backed the proposed for increasing in the wage ceiling under the Employee...

EPFO

Apr 18, 2022

Employees Provident Fund contributions above Rs. . Lakh to be taxed

The Centre has planned to tax Employees Provident Fund EPF contributions exceedingnbspRs.nbsp...

EPFO

Mar 24, 2022

Employees Provident Fund contributions above Rs. . Lakh to be taxed

EPFO announces the net subscribers added in the month of January

EPFO has been released the provisional payroll data on th March , which highlights that EPFO h...

EPFO

Mar 21, 2022

Labour Law

Trade union body calls for Pan-India strike against EPFO proposal

According to TOI report, the All India Trade Union Congress (AITUC) has called for an all-India strike on March 28-29 to oppose a proposal by the Employees Provident Fund Organisation (EPFO) to pay an interest rate 8.1% for 2021-22. EPFO has slashed the interest rate on retirement financial savings for its 6.4 crore EPF subscribers from 8.5% to 8.1%. This rate […]

Mar 14, 2022

EPFO

EPFO has slashed Interest Rate for 2021-22, lowest in over 4 decades

The retirement fund body, Employees Provident Fund Organisation (EPFO) has voted on Saturday to pay an interest rate 8.1% for 2021-22. The rate of interest has been slashed as low as 8.1% from the existing 8.5%. This is the lowest rate of interest ever since 1977-78, which was 8 per cent, as per labour ministry […]

Mar 12, 2022

EPFO

EPFO mulls a new pension scheme for organised sector workers

Retirement fund body EPFO is mulling a new pension product for organised sector workers who are getting basic wages of more than ₹15,000 per month and are not mandatorily covered under its Employees’ Pension Scheme 1995 (EPS-95). At present, all those employees in the organised sector whose basic wage (basic pay plus dearness allowance) is up […]

Feb 21, 2022

EPFO

EPFO announces data of net subscribers added during December 2021

The provisional payroll data of EPFO released on 20th February 2022 highlights that EPFO has added 14.60 lakh net subscribers during December 2021. Comparison shows an increase of around 2.06 lakh in net payroll additions in December 2021 as compared to 12.54 lakh net subscribers added during the corresponding month previous year. For the month of […]

Feb 21, 2022

EPFO

EPFO to announce a big news for EPF subscribers next month

EPFO apex decision-making body Central Board of Trustee will take a call on the interest rate on employees’ provident fund deposits for 2021-22 in its meeting next month. “The Employees’ Provident Fund Organisation (EPFO) CBT meeting will be held in Guwahati in March where proposal for interest rate for 2021-22 would be listed as it […]

Feb 14, 2022

Survey & Report

EPFO data shows significant improvement in the job market, Survey

An analysis of the latest Employees’ Provident Fund Organisation (EPFO) data suggests a significant acceleration in formalisation of the job market, driven by both new formal jobs and formalisation of existing jobs, during 2021, with 13.95 lakh net addition to EPF subscribers in November 2021. “Broadly, the EPFO data covers the low paid workers in […]

Feb 7, 2022

EPFO

EPFO onboards Air India for social security coverage

EPFO onboards Air India for social security coverage to service the Social Security needs of their employees. Air India Ltd applied for voluntarily covered u/s 1(4) of the EPF & MP Act 1952 which has been allowed vide gazette notification dated 13.01.2022 w.e.f. 01-12-2021. The social security benefits will be provided to around 7,453 employees […]

Jan 29, 2022

EPFO

BMS demands pension hike; nationwide protest outside the EPFO offices

The Bharatiya Mazdoor Sangh (BMS) holds a nationwide protest from 20th January outside the offices of the Employees Provident Fund Organisation (EPFO), demanding a hike in EPS95 pension from Rs. 1,000 to Rs. 5,000 per month. BMS demands pension should be 50% of last drawn wages for all workers.Chalo pf office on 20th January 2022@LabourMinistry @byadavbjp @PTI_News […]

Jan 22, 2022

EPFO

EPFO added 13.95 lakh net subscribers in November 2021

The provisional payroll data of EPFO released on 20th January 2022 highlights that EPFO has added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh net additions over the previous month of October 2021 with a growth rate of 25.65%. A year-on-year comparison of payroll data also shows […]

Jan 21, 2022

Industry

Labour Minister interacts with HR Heads of Industry from various sectors

In first of its kind, Shri Bhupender Yadav, Union Minister for Labour and Employment, interacted with Human Resource Heads of Industry representing various sectors, including from manufacturing, staffing agency, automobile, construction, hotel industries etc. Held an engaging interaction with top HR heads of industries across India. Discussed a range of issues, including enhancing employability and […]

Jan 14, 2022

EPFO

How EPFO helps those who are facing financial crunch in COVID 3rd wave

As the number of Covid-19 cases surged in India because of the highly transmissible Omicron variant spread. Many EPFO members may be facing a financial crunch due to the adverse impact on employment and jobs. In March 2020, the government had announced that any EPF subscriber can withdraw a certain sum from their Employees’ Provident […]

Jan 14, 2022

EPFO

EPFO extends e-nomination last date without any further deadline

The Employees Provident Fund Organisation (EPFO) on Thursday clarified that account holders can add nominees to their Employees Provident Fund (EPF) accounts even after December 31, and no deadline has been set for the same till now. Empower your family, file enomination. #EPFO pic.twitter.com/sY8EjuDjSs — EPFO (@socialepfo) December 29, 2021 Earlier, this was tweeted by […]

Dec 31, 2021