EPFO simplifies fund transfers, personal detail corrections for members
Trending News
2 months, 1 week ago

EPFO simplifies fund transfers, personal detail corrections for members

India Today  

The Employees Provident Fund Organisation has now made the transfer of provident funds for its members more easy and streamlined with its new update. "To ensure ease of doing for its members, EPFO has simplified the process for the transfer of PF account on change of jobs wherein the requirement to route online transfer claims through either the previous or current employer has been removed in majority of cases. With the introduction of the revised process, it is expected that in future over 1.20 crore out of 1.30 crore total transfer claims i.e. 94% of the total claims would be directly forwarded to EPFO without requiring the employer’s intervention," said a press release from the Ministry of Labour & Employment. 94% of the total claims would be directly forwarded to EPFO without requiring the employer’s intervention," the release said.

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History of this topic

Pensioners may soon be able to make EPFO claims via UPI: Labour secretary
Trending News
4 days, 15 hours ago

Pensioners may soon be able to make EPFO claims via UPI: Labour secretary

Hindustan Times  

The Employees' Provident Fund Organisation is set to integrate Unified Payments Interface to reduce transaction times and increase convenience. Under the Provident Funds and Miscellaneous Provisions Act, an employer and worker both are required to contribute 12% of a person’s basic salary towards a retirement-benefits corpus managed by the EPFO “Our next step is to incorporate UPI into the system," …

EPFO speeds up claim processing, 60% settled via automated system
1 week, 3 days ago

EPFO speeds up claim processing, 60% settled via automated system

India Today  

The Employees' Provident Fund Organisation has made considerable progress in clearing advance claims, with 60% of advance withdrawal claims being settled through an automated payment system. This has resulted in the settlement of 2.16 crore claims in the current financial year, a massive increase from 89.52 lakh claims processed in the previous year. Besides, over 99% of claims are being …

What is EPFO 3.0? 5 key things you can expect
Top News
3 weeks, 2 days ago

What is EPFO 3.0? 5 key things you can expect

India Today  

Union Labour Minister Mansukh Mandaviya has announced that the Employees' Provident Fund Organisation is set to roll out its latest version, EPFO 3.0, an upgraded system designed to make fund management more convenient for subscribers. While inaugurating EPFO's Telangana zonal office and regional office in Hyderabad, Mandaviya mentioned that the upgraded system will bring EPFO’s services closer to a banking …

Mansukh Mandaviya inaugurates new EPFO office in Hyderabad
3 weeks, 3 days ago

Mansukh Mandaviya inaugurates new EPFO office in Hyderabad

The Hindu  

The new building of the Employees’ Provident Fund Organisation Regional Office was inaugurated at Begumpet on Thursday by Union Minister for Labour and Employment Mansukh Mandaviya. Union Minister G. Kishan Reddy highlighted the administrative changes following the bifurcation of Telangana and Andhra Pradesh, stating that EPFO offices for both states have now been separated. Addressing concerns raised by Medak MP …

PF UPI withdrawal rules: How to withdraw EPF money via UPI
3 weeks, 6 days ago

PF UPI withdrawal rules: How to withdraw EPF money via UPI

India Today  

The Employees' Provident Fund Organisation is working on a new feature that will allow its members to withdraw their PF money through UPI. Withdrawing PF money will become faster and smoother, with UPI integration, thereby benefitting countless EPFO members. STEPS TO WITHDRAW PF MONEY VIA UPI As of now, the option to withdraw PF through UPI is not available. NECESSITY …

EPFO claims huge liability to pay off higher pension demands, workers, pensioners object
4 weeks ago

EPFO claims huge liability to pay off higher pension demands, workers, pensioners object

The Hindu  

The Employees Provident Fund Organisation fears that it may have to spend ₹1,86,920 crore to pay just 50% of the total applicants for a higher pension. It said interim actuarial evaluations will continue for every 50,000 demand letters issued to the Employees Pension Scheme subscribers who had submitted joint options with their employers. “Evaluation of sample data of around 38,000 …

EPFO keeps interest rates on PF unchanged at 8.25%
1 month ago

EPFO keeps interest rates on PF unchanged at 8.25%

Hindustan Times  

New Delhi: The Employees’ Provident Fund Organisation, the state-run retirement fund manager, has decided to maintain the interest rate on provident-fund deposits for 2024-25 at 8.25%, keeping the widely watched metric of middle-class savings unchanged despite global financial uncertainties. The decision not to lower interest rates is a welcome move for the EPFO’s subscribers, for whom provident fund is often …

EPFO retains 8.25 pc interest rate on employees' provident fund deposits for 2024-25
1 month ago

EPFO retains 8.25 pc interest rate on employees' provident fund deposits for 2024-25

Deccan Chronicle  

New Delhi: Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees' provident fund deposits for 2024-25, sources said.In February 2024, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. "The EPFO's apex decision making body Central Board …

EPFO retains 8.25% interest rate on employees' provident fund deposits for 2024-25: Report
1 month ago

EPFO retains 8.25% interest rate on employees' provident fund deposits for 2024-25: Report

Hindustan Times  

The interest rate on employees' provident fund deposits has remained unchanged at 8.25% for 2024-25, PTI reported. The Employees' Provident Fund Organisation, which manages the EPF accounts of over seven crore subscribers, had increased the EPF interest rate from 8.15% in 2022-23 to 8.25% in 2023-24. EPFO has reportedly set an interest rate of 8.25% on EPF deposits for 2024-25, …

EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
Top News
1 month ago

EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25

Live Mint  

New Delhi, Feb 28 Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees’ provident fund deposits for 2024-25, sources said. In February 2024, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. "The EPFO's apex decision making …

EPFO likely to maintain 8.25% interest rate on PF deposits
1 month, 2 weeks ago

EPFO likely to maintain 8.25% interest rate on PF deposits

India Today  

The Employees' Provident Fund Organisation is likely to keep the interest rate on provident fund deposits above 8% and more so around 8.25%, similar to the previous year. People familiar with the matter have hinted that EPFO’s investment and the accounts' committee will review the organisation’s income and expenditure for this financial year and suggest a rate that not only …

EPFO claims record settlements in fiscal 2024-25
1 month, 3 weeks ago

EPFO claims record settlements in fiscal 2024-25

The Hindu  

The Employees’ Provident Fund Organisation has settled claims of five crore subscribers in financial year 2024-25. Claiming that the achievement is a record, Union Labour Minister Mansukh Mandaviya said here on Thursday that the pension fund regulator disbursed more than ₹2.05 lakh crore in this financial year through these settlements. “We have implemented key measures, including an increase in the …

EPFO achieves milestone of settling over 5 crore claims in FY 2024-25: Mansukh Mandaviya
1 month, 3 weeks ago

EPFO achieves milestone of settling over 5 crore claims in FY 2024-25: Mansukh Mandaviya

Live Mint  

New Delhi, February 6 : Union Labour and Employment Minister Dr Mansukh Mandaviya has said that Employees' Provident Fund Organisation has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history in a fiscal year. In the financial year 2024-25, EPFO has processed over 5.08 crore claims amounting to ₹2,05,932.49 crore, …

EPF Pension | Kerala HC Restrains EPFO From Reducing Higher Pension Of Petitioners Who Contributed Based On Their Actual Salary
2 months ago

EPF Pension | Kerala HC Restrains EPFO From Reducing Higher Pension Of Petitioners Who Contributed Based On Their Actual Salary

Live Law  

The Kerala High Court by an interim order directed the Employees Provident Fund Organisation to not reduce the higher pension drawn by certain persons who retired from Travancore Titanium. The Employee Provident Fund Organisation had sent a letter to these employees saying that their pension has been revised as per the pro-rata method of calculation introduced through the 2014 amendment, …

Employees' Provident Fund Organisation adds 14.63 lakh net members during November 2024
2 months, 1 week ago

Employees' Provident Fund Organisation adds 14.63 lakh net members during November 2024

India TV News  

The Employees' Provident Fund Organisation on Tuesday released provisional payroll data for November 2024, indicating a net addition of 14.63 lakh members. The new members' addition shows an increase of 16.58 per cent when compared with the previous month of October 2024. The new members added in the month from 18-25 age group shows an increase of 9.56 per cent …

Aadhaar and UAN Linking: How to link Aadhaar with UAN for easy EPF transfers
2 months, 1 week ago

Aadhaar and UAN Linking: How to link Aadhaar with UAN for easy EPF transfers

India Today  

Members of EPFO can now submit transfer claims online using an Aadhaar OTP by linking their EPF account with Aadhaar and avoiding reaching out to the employer. This use of Aadhaar OTP has been introduced by Union Labour & Employment Minister Mr. Mansukh Mandaviya, removing the hassles previously faced. NECESSARY DETAILS: Verified e-KYC EPF members who have Aadhaar-linked accounts can …

Faster PF transfers, direct online claims: Check benefits of new EPFO rules
Trending News
2 months, 1 week ago

Faster PF transfers, direct online claims: Check benefits of new EPFO rules

India Today  

In a landmark move, set to benefit over 65 million subscribers, the Employees’ Provident Fund Organisation has introduced significant reforms to fast-track provident fund transfers. Now, members with fully compliant e-KYC can now self-correct errors online without requiring employer intervention, approval of EPFO or additional documents. The newly introduced measures are expected to minimise the turnaround time, thereby benefiting about …

EPFO introduces self-service features for seamless fund transfers
2 months, 1 week ago

EPFO introduces self-service features for seamless fund transfers

India Today  

The Employees’ Provident Fund Organisation has implemented features of improving ease of access for its 7.6 crore members. Those who hold an e-KYC EPF account can now fill out an EPF transfer claim online, using their Aadhar OTA without needing assistance from any employer. Private information such as the name and the date of birth can be altered online without …

EPFO simplifies rules: Employees can now transfer PF accounts themselves | Here's how
Trending News
2 months, 1 week ago

EPFO simplifies rules: Employees can now transfer PF accounts themselves | Here's how

India TV News  

The Employees' Provident Fund Organisation has announced major changes to facilitate online transfers. The revised action removes the need for employer intervention in some cases, which is waived, and allows members to transfer their PF accounts free of charge. Key changes introduced Simplified transfers : Employees can now directly transfer their PF accounts using their Universal Account Number and Aadhaar …

New EPFO feature! Members can change personal details without employer approval
2 months, 1 week ago

New EPFO feature! Members can change personal details without employer approval

Live Mint  

Employees' Provident Fund Organisation has launched a new feature for its members as employees can now change personal details like their name and date of birth online without any verification from their employer or approval from the EPFO, reported the news agency PTI on Saturday, January 18. The EPFO members who have e-KYC accounts can file their EPF transfer claims …

EPFO to allow members to transfer account without involving employers
2 months, 1 week ago

EPFO to allow members to transfer account without involving employers

Hindustan Times  

The Employees' Provident Fund Organisation has introduced a set of reforms to eliminate the need for routing online transfer claims through an employee's current or past employers. The Employees Provident Fund Organisation The simplification is applicable to: Transfers between member IDs linked with the same Universal Account Number allotted on or after October 1, 2017, and linked with Aadhaar. Transfers …

EPFO simplifies account transfer rules, employees can also correct personal details using Aadhaar number
2 months, 1 week ago

EPFO simplifies account transfer rules, employees can also correct personal details using Aadhaar number

The Hindu  

In a significant reform that would ease the burden on subscribers, the Employees Provident Fund Organisation has simplified the process of joint declaration on the EPFO portal by allowing employees to self-correct errors in their personal details such as name, date of birth, gender, nationality, father/ mother’s name, marital status, spouse name, date of joining and date of leaving. Dr. …

Provident fund transfer: EPFO relaxes norms, no need to route PF switch through present, former employers
2 months, 1 week ago

Provident fund transfer: EPFO relaxes norms, no need to route PF switch through present, former employers

Live Mint  

The Employees Provident Fund Organisation has done away with the current requirement for employees to submit online transfer claims to previous and present employers, in a bid to simplify the process. Account transfers between member IDs linked with the same UAN, where the UAN was allotted on or after October 1, 2017, and linked with Aadhaar. Transfers between member IDs …

EPFO members may soon withdraw PF from ATMs | Know who can draw money and how it works
2 months, 3 weeks ago

EPFO members may soon withdraw PF from ATMs | Know who can draw money and how it works

India TV News  

PF withdrawal from ATM: Good news for over 7 crore subscribers of the Employees' Provident Fund Organization! Soon, EPFO members will be able to withdraw their Provident Fund money directly from ATMs. EPFO ATM Card launch date According to Union Labor Minister Mansukh Mandaviya, EPFO ​​will introduce its state-of-the-art software system EPFO ​​3.0 by June this year. According to several …

EPFO withdrawal from ATM to become a reality soon. Here’s how it will work
2 months, 3 weeks ago

EPFO withdrawal from ATM to become a reality soon. Here’s how it will work

Live Mint  

Good news for over seven crore of the Employees’ Provident Fund Organisation subscribers. Members of the retirement fund body EPFO may soon be able to withdraw their provident fund money directly from ATMs after the settlement. EPFO ATM Card launch date EPFO will introduce its cutting-edge software system by June of this year, EPFO 3.0, according to Union Labour Minister …

EPFO begins centralised PF pension disbursal
2 months, 3 weeks ago

EPFO begins centralised PF pension disbursal

The Hindu  

The Employees’ Provident Fund Organisation has completed full-scale implementation of the new Centralised Pension Payments System to provide PF pensions under the Employees’ Pension Scheme. Pension worth ₹1,570 crore, for the month of December 2024, was disbursed to more than 68 lakh pensioners in 122 pension disbursing regional offices, the Union Labour Ministry said in a release on Friday. Paradigm …

EPFO rolls out centralised pension system in all regional offices; 68 lakh pensioners to benefit
2 months, 3 weeks ago

EPFO rolls out centralised pension system in all regional offices; 68 lakh pensioners to benefit

Live Mint  

New Delhi, Jan 3 Retirement fund body EPFO has completed the Centralized Pension Payments System rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the labour ministry said on Friday. The first pilot of CPPS was completed in October last year in Karnal, Jammu, and Srinagar regional offices with the pension disbursement of …

3 key EPFO rule changes in New Year 2025: What Provident Fund (PF) account holders need to know
2 months, 4 weeks ago

3 key EPFO rule changes in New Year 2025: What Provident Fund (PF) account holders need to know

Live Mint  

3 key EPFO rule changes coming in 2025: The Employees' Provident Fund Organization has made significant announcements regarding its rules and regulations affecting millions of subscribers. 1)EPFO and ESIC subscribers may soon use claim amounts via e-wallets Subscribers of EPFO and ESIC may soon be able to access their claim settlement amounts directly via e-wallets. 2) EPFO Extends Deadline for …

EPFO extends deadline for UAN and Aadhaar linking: All you need to know
3 months ago

EPFO extends deadline for UAN and Aadhaar linking: All you need to know

India Today  

The Employees' Provident Fund Organisation has extended the deadline for activating Universal Account Numbers and linking Aadhaar numbers to bank accounts under the Employment Linked Incentive scheme. ACTIVATING UAN: A STEP TOWARDS SEAMLESS EPFO SERVICES Activating your UAN is essential to access the EPFO’s wide range of online services. The UAN is a unique 12-digit number assigned to employees by …

Labour ministry, RBI hold discussions to ease PF withdrawal
3 months ago

Labour ministry, RBI hold discussions to ease PF withdrawal

Hindustan Times  

The Union labour ministry has begun discussions with the Reserve Bank of India and other banks on rolling out new services for subscribers of the Employees’ Provident Fund Organisation, such as direct access to savings deposits through ATMs and e-wallets linked to bank accounts, an official said, requesting anonymity. The labour ministry has also proposed e-wallets where EPFO members will …

EPFO fined ₹1.5 lakh for not revising pension amount
3 months, 1 week ago

EPFO fined ₹1.5 lakh for not revising pension amount

Hindustan Times  

The State Consumer Disputes Redressal Commission has directed the Employees Provident Fund Organisation, Chandigarh, to pay compensation of ₹50,000 each to three subscribers for not revising their pension without any valid reasons. As per the order, EPFO has been directed to pay for causing mental agony, harassment and unfair trade practice. Krishan Murari and two other employees of Punjab State …

EPFO members may soon approve their own PF withdrawals: Report
3 months, 1 week ago

EPFO members may soon approve their own PF withdrawals: Report

India Today  

The Employees’ Provident Fund Organisation is planning to introduce a “self-approval” mechanism for subscribers to withdraw their provident fund money through an automated process. As part of this upgrade, subscribers will soon be able to intimate the EPFO directly about their withdrawal amount, instead of going through the existing manual checks by EPF officers. Sources also revealed that a digital …

The EPFO’s ATM plan is good but it must resolve its pension muddle first
3 months, 2 weeks ago

The EPFO’s ATM plan is good but it must resolve its pension muddle first

Live Mint  

The country’s principal manager of retirement savings for private-sector employees, the Employees’ Provident Fund Organisation, is working on a facility to let subscribers withdraw funds from their corpus through ATM cards, subject to a limit. While this would be welcome, the EPFO also finds itself being held responsible for a pension crisis that has put about 1.75 million retirees in …

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
3 months, 2 weeks ago

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official

Hindustan Times  

New Delhi: The Employees’ Provident Fund Organisation subscribers will soon have easier access to their savings with new ATM withdrawal facilities. From January 2025, they will be able to withdraw funds up to a specified limit using an EPFO account-linked ATM card, along with other features to improve access, said an official on Saturday. EPFO subscribers will be able to …

EPFO key amendments: Now faster claims and more interest benefits for members
3 months, 2 weeks ago

EPFO key amendments: Now faster claims and more interest benefits for members

India Today  

The Employees Provident Fund Organisation has introduced major changes to provide financial relief and faster claim settlement for Employees Provident Fund members. KEY UPDATE ON INTEREST PAYMENTS EPFO announced that the Central Board of Trustees has approved an important amendment to paragraph 60 of the EPF Scheme, 1952. BENEFITS FOR EPF MEMBERS Speaking to The Economic Times, Puneet Gupta, Tax …

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?
3 months, 2 weeks ago

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

India TV News  

From 2025, Employees Provident Fund Organization customers will be able to withdraw their Provident Fund directly from ATMs, eliminating lengthy deposit procedures. This move is part of a larger effort to modernise India’s social security services: Enhanced convenience: Subscribers will no longer need to navigate tedious claim-filing procedures or wait for fund disbursal. Expanded social security coverage: Over 7 crore …

Withdraw your PF directly from ATMs starting next year: Labour secretary
Trending News
3 months, 2 weeks ago

Withdraw your PF directly from ATMs starting next year: Labour secretary

Live Mint  

By Shailesh Yadav New Delhi, December 11 : The Labour Ministry is upgrading its IT systems to provide enhanced services to the country's massive workforce. Starting next year, EPFO subscribers will be able to withdraw their provident funds directly from ATMs, according to Labour Secretary Sumita Dawra. A claimant, beneficiary, or insured person will be able to access their claims …

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
3 months, 3 weeks ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report
3 months, 3 weeks ago

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report

Hindustan Times  

The Employee Provident Fund Organisation is planning to upgrade to a new version called EPFO 3.0. This will include features like withdrawing provident fund money from ATMs, contributing more than the current 12% limit, and converting PF savings into a pension, ET Now reported. However, discussions regarding all of the new features and policy changes for EPFO 3.0 are currently …

EPFO board pitches amnesty plan for PF payment violations
4 months ago

EPFO board pitches amnesty plan for PF payment violations

Hindustan Times  

In a key decision, the central board of trustees of the Employees’ Provident Fund Organisation, in its 236th meeting chaired by labour minister Mansukh Mandaviya on Saturday, approved reinvesting 50% of its redemption proceeds from exchange traded funds back into equities. The board also recommended to the Union government a national EPFO amnesty scheme 2024 for all types of employers …

These EPFO subscribers exempted from Aadhaar seeding for claim settlement | Details
4 months ago

These EPFO subscribers exempted from Aadhaar seeding for claim settlement | Details

Hindustan Times  

Certain employees do not need to seed Aadhaar to settle their physical claims, the Employees' Provident Fund Organisation has announced. FILE Photo: Employees provident fund organisation head office, EPFO office. For the settlement of claims, EPFO subscribers are required to seed their UAN to Aadhaar. In the absence of Aadhaar, alternative documents such as passports should be used to verify …

EPFO clarifies Aadhaar requirements: Exemptions for certain employees in claim settlements. Details here
Trending News
4 months ago

EPFO clarifies Aadhaar requirements: Exemptions for certain employees in claim settlements. Details here

Live Mint  

The Employees provident Fund Organisation has announced that certain classes of employees do not need to seed Aadhaar for the settlement of their physical claims. Typically, EPFO subscribers should seed their UAN to Aadhaar for settling claims; some exceptions have recently been incorporated via a circular dated November 29, 2024. These categories of workers include the following: 1. International workers …

EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here
4 months ago

EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here

Live Mint  

The Employees Provident Fund Organisation's Central Board of Trustees is set to meet today, November 30, to decide on various proposals, according to a Business Today report citing sources. The proposals under discussion include the redemption policy for increased investments in equity traded funds, re-investment of ETF proceeds, guidelines for investments into real estate investment trusts, and the annual performance …

Govt may lift cap on EPF contributions in key push for savings scheme
4 months ago

Govt may lift cap on EPF contributions in key push for savings scheme

Hindustan Times  

The Union government is considering doing away with caps on the share of an employee’s salary contributed towards pension to enable higher deductions by those who want higher retirement payouts, as part of a series of upcoming reforms, a senior labour ministry official said on Thursday. An employer and worker both are required by law to contribute 12% of a …

EPF has issues. Can you say No to it?
4 months ago

EPF has issues. Can you say No to it?

Live Mint  

Savings are meaningless if you cannot access them. Most companies deduct 12% of an employee’s basic pay plus dearness allowance and retaining allowance as the monthly EPF contribution. Corporate policy When Thanigai Ravindran’s wife joined a new company as a French translator her EPF contribution dropped fromRs 6,000 to ₹1,800 per month. Some companies allow employees to switch from 12% …

New pension platform to ease payouts: Minister
4 months, 2 weeks ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

EPF: Want to apply for partial withdrawal of your provident fund corpus? 10 steps to follow
4 months, 3 weeks ago

EPF: Want to apply for partial withdrawal of your provident fund corpus? 10 steps to follow

Live Mint  

If you have already accumulated a considerable chunk of corpus in your EPF account then you can use the money for any of the purposes given in the rules. These include marriage or post matric education of children, withdrawal within one year before retirement, illness in certain cases for own treatment or family, purchase of house/flat, construction of house including …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
6 months, 1 week ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

What are the issues faced by EPFO pensioners?
6 months, 2 weeks ago

What are the issues faced by EPFO pensioners?

The Hindu  

The story so far: Nearly 78 lakh Provident Fund pensioners across the country under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will receive their pension through any bank, any branch from January 1, 2025. The Union Labour Ministry cleared the proposal earlier this month for a Centralised Pension Payment System as part of the EPFO’s ongoing …

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