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Provident Fund: HR News, Trends & Workplace Insights

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

Updated on: Dec 2020
EPFO . interest on EPF likely to be credited by month-end
EPFO

EPFO . interest on EPF likely to be credited by month-end

Dec 16, 2020

. PF interest to be paid in One Go, Not in Two parts

. PF interest to be paid in One Go, Not in Two installments According to an NDTV report, Union La...

EPFO
Dec 10, 2020
. PF interest to be paid in One Go, Not in Two parts

How to withdraw from EPF if you are impacted by Covid-

How to withdraw from EPF if you are impacted by Covid- Crisis The Government of India had announce...

Labour Law
Oct 24, 2020
How to withdraw from EPF if you are impacted by Covid-

EPFO launched WhatsApp helpline to resolve grievances

EPFO launched WhatsApp helpline to resolve grievances under Nirbadh initiative gains popularity To f...

Labour Law
Oct 14, 2020
EPFO launched WhatsApp helpline to resolve grievances
EPFO records 8.45 lakh new enrolments in July
Labour Law

EPFO records 8.45 lakh new enrolments in July

New Delhi, Sep 20 (PTI) Net new enrolments with retirement fund body EPFO rose to 8.45 lakh in July from 4.82 lakh in June 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data released by the EPFO last month had shown […]

Sep 21, 2020
EPFO to pay 8.5% interest on Provident Fund in 2 tranches
Labour Law

EPFO to pay 8.5% interest on Provident Fund in 2 tranches

EPFO to pay 8.5% interest rate in two tranches of 8.15% & 0.35% The Retirement fund body EPFO or Employees’ Provident Fund Organisation has decided to keep the interest rate unchanged at 8.5 per cent for the current financial year 2019-20, the government said on Wednesday. However, the interest payable to provident fund subscribers will […]

Sep 10, 2020
EPFO: 3.18 lakh new subscribers registered in May 2020
Labour Law

EPFO: 3.18 lakh new subscribers registered in May 2020

EPFO enrolment rates increase; 3.18 lakh net new subscribers registered in May 2020 against about 1 lakh in April The provisional payroll data published by EPFO on 20th July, 2020 reveals that net new enrolments has started to make headway for most industry classifications in May 2020. The subscriber base has grown by 3.18 lakh new […]

Jul 25, 2020
EPFO launches multi-location claims settlement facility
Labour Law

EPFO launches multi-location claims settlement facility

On Monday, 15 June 2020, Employees Provident Fund Organisation (EPFO) has launched a multi-location claim settlement facility by allowing EPFO offices to settle online claims from any of its regional offices, across the country. All types of online claims –provident fund, pension, partial withdrawal, and claims and transfer claims can be processed under this initiative. […]

Jun 16, 2020
Government plans to merge CMPFO with EPFO
Labour Law

Government plans to merge CMPFO with EPFO

The Centre Government plans to merge Coal Mines Provident Fund Organisation (CMPFO) with the Employees’ Provident Fund Organisation (EPFO), as a large asset-liability mismatch is imminent in the CMPFO’s pension fund. The Coal Mines Provident Fund Organisation has been entrusted with the responsibility of administering the Coal Mines Provident Fund and Miscellaneous Provision Act, 1948, […]

May 7, 2020
Labour Ministry allows EPF withdrawal amid lockdown
Labour Law

Labour Ministry allows EPF withdrawal amid lockdown

The Labour Ministry has allowed over 6 crore subscribers of retirement fund body EPFO to withdraw an amount not exceeding their three months basic pay and dearness allowance from their EPF account in view of the lockdown to fight COVID-19. Besides, Employees’ Provident Fund Organisation (EPFO) also introduced an online claim settlement facility without manual […]

Mar 29, 2020
Lockdown: Government relaxes EPF withdrawal rules
Coronavirus

Lockdown: Government relaxes EPF withdrawal rules

On the second day of the 21-day lockdown due to Coronavirus outbreak, Finance Minister Nirmala Sitharaman announced an economic relief package that lays out various schemes to provide cash and free ration. The government also relaxed the rules for withdrawal of funds from the Employees’ Provident Fund (EPF) account. Relaxation in the EPF withdrawal rules. […]

Mar 26, 2020
Covid-19: PF relief to subscribers and Employers
Labour Law

Covid-19: PF relief to subscribers and Employers

The Government of India is working on measures and packages to provide relief to subscribers and employers in the organized sector as the Covid-19 outbreak shuts factories and offices, takes a toll on jobs and impacts livelihoods. These measures include- Waiving off the penalties on late provident fund deposits by employers. Doubling of the minimum pension to […]

Mar 23, 2020
COVID-19: EPFO advises Beneficiaries to avail Online Services
Labour Law

COVID-19: EPFO advises Beneficiaries to avail Online Services

In view of Government of India guidelines to contain spreading of COVID-19, Employees’ Provident Fund Organization (EPFO) advises it members, pensioners and employers to avail various online services offered by EPFO, from the comfort of their homes, and to avoid visiting EPFO offices. Most of the services of EPFO are available online. An employee can […]

Mar 23, 2020