Latest EPFO HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on EPFO.
Finance Minister Smt. Nirmala Sitharaman has introduced updates aimed at providing relief to the mid...
The Employees Provident Fund Organisation EPFO has received a total of ,, applicatio...
The Employees Provident Fund Organisation EPFO has raised concerns about delays in processing pen...
Employees’ Provident Fund Organisation (EPFO) has introduced significant reforms to simplify the process of transferring provident fund (PF) accounts. These changes aim to enhance service delivery and ensure ease of living for its members. EPFO: Simplified Transfer Process EPFO has streamlined the PF transfer process by removing the requirement for employer intervention in most cases. […]
In a major step to improve pension services, the Employees’ Provident Fund Organization (EPFO) successfully rolled out the new Centralized Pension Payments System (CPPS) under the Employees’ Pension Scheme 1995 in December 2024. This reform ensures seamless pension disbursement for over 68 lakh pensioners across all 122 regional offices. For December 2024, approximately ₹1,570 crore […]
EPFO has reported a significant increase in its membership numbers for October 2024, with a net addition of 13.41 lakh members. This growth is indicative of increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives. EPFO: New Membership and Youth Dominance Out of the total new members, 7.50 lakh […]
Employees’ Provident Fund Organization (EPFO) is set to revolutionize provident fund (PF) withdrawal process by introducing e-wallet access and ATM withdrawals. This employee-friendly initiative aims to make withdrawals faster and more convenient for millions of employees across India. EPFO PF Withdrawal: Current Process and Challenges Currently, employees have to rely on EPFO portal to receive […]
Supreme Court Ruling and EPFO’s Higher Pension Rollout The Employees’ Provident Fund Organisation (EPFO) has issued approximately 16,282 pension payment orders under EPS-95 Higher Pension following the Supreme Court’s November 2022 ruling. The judgment upheld amendments to the EPS, allowing members who were part of the scheme as of September 1, 2014, to contribute 8.33% […]
The Employees’ Provident Fund Organisation (EPFO) is set to introduce EPFO 3.0, a new initiative that will allow employees to increase their provident fund contributions. This move aims to enhance the retirement savings of employees and provide them with greater financial security in their post-working years. EPFO 3.0: Enhancing Retirement Savings With the introduction of […]
The Labour Ministry has directed the Employees Provident Fund Organization (EPFO) to enhance its IT infrastructure and capacity in preparation for the launch of the Employment Linked Incentive (ELI) Scheme. This initiative is part of a broader government effort to boost employment, as announced by Finance Minister Nirmala Sitharaman in the Union Budget. ELI Scheme: […]
Ministry of Labour and Employment has issued a directive to Employees’ Provident Fund Organisation (EPFO) to ensure the activation of Universal Account Numbers (UAN) for employees using Aadhaar-based One-Time Password (OTP). This initiative is part of the government’s broader push for 100% Aadhaar-based biometric authentication and aims to streamline access to EPFO services. EPFO UAN […]
EPFO has announced a significant increase in its membership numbers for September 2024, with a net addition of 18.81 lakh members. This marks a notable 9.33% year-on-year growth compared to the same month last year. EPFO: New Membership, Growth and Rejoining Members In September 2024, EPFO enrolled around 9.47 lakh new members, representing a 6.22% […]
EPFO has recently introduced several significant updates aimed at improving the ease of access and benefits for its subscribers. These changes are part of the government’s ongoing efforts to modernize the retirement fund system and enhance the overall experience for employees. New EPF Account Rules In May 2024, EPFO announced four major changes to the […]
Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, announced the successful completion of the pilot run of the new Centralized Pension Payments System (CPPS) under the Employees’ Pension Scheme 1995 (EPS). The pilot run, which took place on October 29-30, 2024, saw the disbursement of over Rs 11 crore […]
In light of the Diwali 2024 celebrations, the Employees’ Provident Fund Organisation (EPFO) announced an advance disbursement of October pensions under the Employee’s Pension Scheme (EPS). The pensioners have received their pensions on October 29, 2024, instead of the usual end-of-month date. This advance accommodates the holiday schedule, ensuring that pensioners can access their funds […]
