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: Dec 2021

EPFO

EPFO has made it compulsory to designate nominee, deadline is Dec

Dec 13, 2021

EPFO has credited . interest in . crore account holders for FY

Employees Provident Fund Organisation EPFO has credited an interest rate of . per cent in ....

EPFO

Dec 8, 2021

Government forms four panels to look into EPFO functioning

According to The Hindu report, the Government of India has formed four ad-hoc board-level committees...

EPFO

Dec 1, 2021

Just ahead of Diwali, EPF interest is to be credited soon for FY

The government has approved . per cent rate of interest on employees provident fund EPF f...

EPFO

Oct 30, 2021

Just ahead of Diwali, EPF interest is to be credited soon for FY

EPFO

EPFO may soon credit interest for 2020-21 in subscribers account

EPFO, (Employees Provident Fund Organisation) is planning to bring some festive cheer to the salaried employees by crediting the interest declared for 2020-21 in the accounts of 6 crore subscribers. The interest rate of 8.5%, declared for 2020-21 in March this year, has been awaiting the finance ministry’s approval for over six months now. According to […]

Oct 12, 2021

EPFO

EPFO payroll data shows a growing trend in net payroll additions

The provisional payroll data of EPFO published on 20th September, 2021 reveals that EPFO has added around 14.65 lakh net subscribers during July, 2021. The data highlights a growing trend in net payroll additions for last four months. For the month of July 2021, the net subscriber addition has increased by 31.28% as compared to […]

Sep 21, 2021

EPFO

EPFO subscribers to have 2 EPF accounts from now on- CBDT

Recently, the Central Board of Direct Taxes (CBDT) has announced that employees who are contributing more than Rs 2.5 lakhs in Employee Provident Fund Organisation (EPFO) in a fiscal year are required to maintain two separate accounts from the financial year 2022. According to Union Budget 2021 guidelines, interest on annual PF contributions of more […]

Sep 4, 2021

EPFO

Centre to pay PF share of employer, employee till 2022

According to ANI report, Union Finance Minister, Nirmala Sitharaman on Saturday said that the Central Government will pay provident fund (PF) contribution for each employer and the employee till 2022 for those that have been known as again to work for small scale jobs in the formal sector after shedding their job. She also highlighted […]

Aug 23, 2021

EPFO

EPFO adds 12.83 lakh net subscribers in the month of June 2021

EPFO (Employees’ Provident Funds Organization) has a growing trend and added 12.83 lakh net subscribers during the month of June 2021. With respect to payroll data, the impact of the second wave of COVID-19 pandemic waned during June 2021, leading to tremendous growth in net payroll additions as compared to April and May 2021. Month-on-month analysis […]

Aug 23, 2021

EPFO

EPFO to credit interest of FY 2020-21 very soon, the process is in pipeline

EPFO (Employees’ Provident Fund Organisation) is likely to credit the Employees Provident Fund (EPF) interest to accounts of its subscribers very soon, it has been confirmed in a tweet. As per the reports, earlier, the retirement body EPFO was expected to credit the interest amount to the EPF accounts by end of July 2021 for FY 2020-21 but there is a delay in depositing […]

Aug 13, 2021

EPFO

EPFO likely to credit 8.5% interest for 2020-21 by this week

Employees’ Provident Fund Organisation (EPFO) has finalized the interest rates on provident fund deposits for 2020-21 at 8.5%. EPFO is expected to credit 8.5% interest for the financial year 2020-21 till the end of July. According to sources, the interest amount is likely to be credited to the accounts of subscribers by end of July 2021, […]

Jul 25, 2021

EPFO

EPFO added 28% less members in the month of May than in April 2021

The provisional payroll data of EPFO published on 20th July 2021 highlights that EPFO has added around 9.20 lakh net subscribers during the month of May, 2021. However, this is 28% less than the previous month. In the month of April this year, EPFO had added 12.76 lakh net subscribers. The Labour Ministry said, “Despite the crisis of […]

Jul 20, 2021

EPFO

Govt extends wage subsidy scheme via EPFO till 31 March 2022

The government of India on Monday extended the wage subsidy scheme till 31 March 2022 via the Employees Provident Fund Organisation (EPFO) under Aatma Nirbhar Bharat Rozgar Yojana to boost job creation at the lower end of the salary structure informal jobs. Aatma Nirbhar Bharat Rozgar Yojana was launched on 1st Oct, 2020. It incentivises employers for […]

Jun 28, 2021

EPFO

EPFO added 12.76 lakh net subscribers during April, 2021

EPFO (Employees’ Provident Fund Organisation) has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll. Data reflects that the numbers of […]

Jun 21, 2021

EPFO

EPFO allows its subscribers to avail second COVID-19 advance

EPFO allows its subscribers to avail second COVID-19 advance amidst second wave of Covid-19 pandemic To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in […]

May 31, 2021

Coronavirus

Govt rolls out pension scheme for families of workers who died due to COVID-19

Govt rolls out pension scheme for families of workers who died due to COVID-19 The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about the well-being of their family members due to increasing incidences of death due to COVID […]

May 30, 2021