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: Jan 2021

EPFO

EPFO begins crediting . interest for -, to reflect in EPF accounts from Jan

Jan 2, 2021

EPFO has added . lakh net subscribers in October

EPFO has added . lakh net subscribers in the month of October , rise in new enrolments T...

EPFO

Dec 21, 2020

Your take-home salary may be impacted from April . Know how?

Your take-home salary may be impacted from April . Know how? The take-home salary of employees m...

Jobs

Dec 18, 2020

Your take-home salary may be impacted from April . Know how?

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

EPFO . interest on EPF likely to be credited by month-end Retirement fund body EPFO is likely to...

EPFO

Dec 16, 2020

EPFO

8.5% PF interest to be paid in One Go, Not in Two parts

8.5% PF interest to be paid in One Go, Not in Two installments According to an NDTV report, Union Labour Ministry has moved a proposal to the Finance Ministry for the transfer of the entire consolidated amount of annual interest payments to Employees’ Provident Fund Organisation (EPFO) subscribers in one go. As per the report, […]

Dec 10, 2020

Labour Law

How to withdraw from EPF if you are impacted by Covid-19

How to withdraw from EPF if you are impacted by Covid-19 Crisis The Government of India had announced in March 2020 that any EPF Subscribers can withdraw a certain sum from their Employees’ Provident Fund (EPF) account if he/she is facing financial problems due to COVID-19 crisis. Govt has notified amendment in EPF scheme rules […]

Oct 24, 2020

Labour Law

EPFO launched WhatsApp helpline to resolve grievances

EPFO launched WhatsApp helpline to resolve grievances under Nirbadh initiative gains popularity To further enhance ease of living experience for its members, EPFO has recently launched WhatsApp based helpline-cum-grievance redressal mechanism, under its series of Nirbadh initiatives aimed at ensuring seamless and un-interrupted service delivery to subscribers during COVID-19 pandemic. This new grievance redressal mechanism […]

Oct 14, 2020

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

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

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

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

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 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

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

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

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