Employees' Provident Fund Organisation (EPFO): News

26 Oct 2024

Employment

ESIC records 6.8% rise in formal job creation this August

The Employees' State Insurance Corporation (ESIC) recorded a 6.8% rise in formal job creation in August, with 2.07 million jobs created.

23 Jul 2024

Nirmala Sitharaman

Centre will offer you ₹15,000 if you are a fresher

Finance Minister Nirmala Sitharaman has announced an interesting policy for first-time employees, in Union Budget 2024.

20 Jul 2024

Labour Ministry

EPFO witnesses record addition of 19.5L members in May

The Employees Provident Fund Organisation (EPFO) reported a record net addition of 19.50 lakh members in May 2024, according to a Labour Ministry statement today.

20 Jun 2024

India

EPFO records highest-ever monthly addition of 18.92L members in April

The Employees Provident Fund Organisation (EPFO) has reported a record-breaking addition of 18.92 lakh members in April 2024.

21 Apr 2024

India

EPFO subscriber surge signifies employment boost in fiscal 2024

The Employees' Provident Fund Organisation (EPFO) has seen a membership growth of over 19% YoY, reaching 1.65 crore members in fiscal 2024, according to the latest payroll data.

21 Feb 2024

Cybersecurity

CERT-In probing potential data breaches at India's PMO and EPFO

India's government is looking into potential data breaches involving the Prime Minister's Office (PMO) and the Employees' Provident Fund Organisation (EPFO).

10 Nov 2023

Ministry of Finance

Centre begins crediting interest to PF accounts ahead of Diwali

The process of depositing interest into provident fund (PF) accounts for the fiscal year 2022-23 has begun, as reported by the Employees' Provident Fund Organisation (EPFO) in an official announcement.

26 Sep 2023

Business

EPF subscriber base grew by 1 million in July 2023

The National Statistical Office (NSO) has released data revealing that over one million people joined the organized workforce in July 2023.

NPS, EPFO data shows 5.2cr jobs created in 4 years

A recent State Bank of India (SBI) research report reveals that India has generated over 5.2 crore payrolls in the last four years, with a significant increase in women's participation.

24 Jul 2023

EPFO

Government approves 8.15% interest rate for 2022-23 EPF scheme

The central government on Monday approved the credit interest at 8.15% on deposits for the 2022-23 Employees' Provident Fund (EPF) scheme.

28 Mar 2023

Ministry of Finance

EPFO fixes 8.15% interest rate on Employees' Provident Fund

The Employees Provident Fund Organization (EPFO) has fixed an 8.15% interest rate on the Employees' Provident Fund (EPF) for 2022-23, reported NDTV.

27 Mar 2023

Adani Group

EPFO continues investment in 2 Adani companies despite depleted value

India's largest retirement fund, the Employees' Provident Fund Organization (EPFO), has continued its investment in Adani Enterprises and Adani Ports and Special Economic Zone Limited despite the conglomerate's recent market rout, reports said.

EPFO extends deadline for higher pension: How to apply

Members of the Employees' Provident Fund Organization (EPFO) who have not opted for higher pensions till now should not worry. The EPFO has extended the deadline to do so till May 3.

17 Aug 2021

Mumbai

Amid pandemic, Rs. 21cr fraudulently withdrawn from Mumbai PF office

Over Rs. 21 crore was reportedly siphoned from a common PF pool at a Mumbai office of the Employees Provident Fund Organisation (EPFO) between March 2020 and June 2021.

08 Aug 2021

Aadhaar Card

EPF-Aadhaar card linking now mandatory. How to do it?

Employees Provident Fund (EPF) subscribers must link their Aadhaar card with their Provident Fund (PF) accounts by September 1, 2021, according to the retirement fund manager EPFO.

31 May 2021

Coronavirus

EPFO members allowed second advance withdrawal citing COVID-19

The Employee Provident Fund Organization (EPFO) has allowed its five crore subscribers to avail a second advance withdrawal in the wake of the COVID-19 pandemic.

04 Mar 2021

India

EPFO retains 8.5% interest rate on PF deposits

The Employees' Provident Fund Organisation will maintain the interest rates on provident fund deposits at 8.5% for the financial year 2020-21, the same as the previous fiscal.

03 Mar 2021

Labour Ministry

EPFO subscribers may face restrictions on early pension withdrawal: Report

The Employees' Provident Fund Organisation (EPFO) has reportedly proposed restrictions on the early withdrawal of pension contributions by formal sector workers.

09 Sep 2020

EPFO

Coronavirus impact: EPFO to pay 8.5% interest in two installments

The Employees' Provident Fund Organisation (EPFO) will pay the 8.5% interest for the fiscal year 2019-20 to EPF subscribers in two installments, the retirement fund body's central board said on Wednesday.

07 Aug 2020

Bengaluru

Angry over dues' non-payment, employee sends sex toys to boss

Revenge took a raunchy turn for Bengaluru's Avinash Prabhu, director of Kalmane Trading Private Limited, when an enraged employee sent him and his family sex toys as revenge for non-payment of Provident Fund dues.

13 May 2020

EPFO

With reduced EPF contribution, your take-home salary will now increase

Union Finance Minister Nirmala Sitharaman on Wednesday presented the details of the Rs. 20 lakh crore stimulus package to help revive the economy.

03 Nov 2019

India

Five ways to check your Employees' Provident Fund balance

As is common knowledge, Employees' Provident Fund is a mandatory contribution from the salaries of professionals.

25 Sep 2019

EPFO

Government seeks SC/ST employee data from companies under EPFO

The Ministry of Labor and Employment has launched a survey asking companies contributing to the Employees' Provident Fund Organization (EPFO) to declare the number of Scheduled Caste (SC) and Scheduled Tribe (ST) employees.

24 Sep 2019

EPFO

Your Provident Fund rate raised to 8.65% for 2018-19

On Tuesday, the Labor Ministry notified 8.65% interest rate on Employees' Provident Fund (EPF) for the 2018-19 financial year.

16 Jul 2019

India

#FinancialBytes: List of documents needed to file Income Tax returns

July 31, 2019 is the last date to file Income tax returns for FY 2018-19.

13 Apr 2019

India

Employees' Provident Fund (EPF) account: How to add nominee online

As is common knowledge, Employees' Provident Fund is a mandatory contribution from the salaries of professionals.

11 Mar 2019

India

How to link your Aadhaar with Universal Account Number (UAN)

Although, linking Aadhaar with the Universal Account Number (UAN), issued by the Employees' Provident Fund Organization (EPFO) is not mandatory, it might still help you make UAN transactions more conveniently.

07 Mar 2019

EPFO

#FinancialBytes: What happens to EPF balance when you switch jobs?

The Employee Provident Fund (EPF), popularly known as Provident Fund, is a long-term investment instrument for the salaried individuals.

21 Feb 2019

EPFO

EPFO hikes provident fund interest rate by 0.1% to 8.65%

The Employees' Provident Fund Organization (EPFO) on Thursday announced a hike of 0.1% in the interest rate on employees' provident fund (PF) deposits for FY 2018-19.

17 Dec 2018

India

#FinancialBytes: What is Provident Fund and how to withdraw it?

The Employee Provident Fund (EPF), also known as Provident Fund, is a long-term investment instrument for the salaried individuals that is offered by the Employees' Provident Fund Organization (EPFO).

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

25 Sep 2018

India

#JobGrowthTracking: 100 million workers' details to be linked to Aadhaar

The Central government is planning on linking the details of about 100 million workers with Aadhaar to establish a reliable system to track job growth in the country.

25 Aug 2018

India

1.2 crore jobs created in India in 10 months

Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report.

02 Aug 2018

EPFO

5 ways to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

29 Jul 2018

Business

5 ways to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

23 Jul 2018

EPFO

#FinancialBytes: How to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

23 Jul 2018

EPFO

Employees may soon withdraw 75% PF if unemployed for 1-month

An employee, who is not in employment for a month, may be allowed to avail 75% of the Provident Fund standing to his credit, Labor Minister Santosh Gangwar said.

17 Jul 2018

India

#FinancialBytes: Situations in which you can withdraw PF before retirement

Employees Provident Fund (EPF) is primarily a retirement benefit scheme by the Government of India for all salaried individuals in which employees get their accumulated funds after retirement or job-loss to finance their expenditures.

27 Jun 2018

EPFO

You can now withdraw 75% of PF after one-month's unemployment

Bringing cheer to crores, the Employees' Provident Fund Organisation (EPFO) has decided to allow PF subscribers to withdraw 75% balance after remaining unemployed for a month, and keep the account running.

06 Jun 2018

EPFO

#FinancialBytes: Everything you need to know about your EPF account

Dear reader, in your salary receipt, you must have seen a certain amount under the head 'Employee Provident Fund' which does not form a part of your cash-in-hand salary.

14 Mar 2018

Insurance

Filling tax returns: 6 things to do before March 31

There are two weeks left to file income tax returns for the past financial year. The deadline is March 31.

21 Feb 2018

EPFO

EPFO to announce provident-fund interest today: Here's all about it

The Employees' Provident Fund Organization (EPFO) is going to announce the provident fund interest rate for its five crore subscribers for 2017-18 after a meeting of its highest decision-maker, Central Board of Trustees (CBT).

24 Jan 2018

India

Modi to CEOs: Let's see your reaction after #Budget2018

At Davos, PM Narendra Modi held the much-awaited roundtable with CEOs of top global companies.

22 Jan 2018

EPFO

Govt planning to keep PF rate unchanged at 8.65%: Reports

According to reports, the NDA government is planning to keep the interest rates unchanged on PF deposits at last year's 8.65%.

20 Jan 2018

EPFO

Aadhaar seeding to eliminate multiple PF accounts

The Employees Provident Fund Organization (EPFO) said today that it would be able to eliminate multiple account numbers of one individual once the Aadhaar seeding is complete.

12 Dec 2017

India

Save the maximum tax under Income-Tax Sections 80C, 80CCD, 80D

December is here, and taxpayers are in a rush to utilize tax deductions to the fullest, invest in various tax-saving instruments, and submit these proofs to employers.

08 Dec 2017

India

ICICI Bank customers can now open PPF-account sitting at home

India's largest private bank ICICI Bank has introduced a fully-digital service to enable its customers to open a Public Provident Fund (PPF) online.

How an SC ruling increased a man's pension 1200%

In a rare occurrence, Praveen Kohli, a former Haryana Tourism Corporation employee, received a whopping 1200% hike in his pension this November, four years after retirement.

16 Nov 2017

Bengaluru

Did you know interest on PF post employment is taxable?

Whether you have resigned, retired or were fired, interest on your provident fund account is taxable in the year of credit after employment.

08 Sep 2017

India

Here's how you can check your PF account balance

Now employees can view the total accumulated balance of their employees' provident fund (EPF) account through universal account numbers (UAN) allocated by the Employees' Provident Fund Organization (EPFO).

11 Aug 2017

India

PF account to be transferred, not closed, upon job change

Making life easier for employees, the Employees' Provident Fund Organisation has announced that starting next month, your PF account would be automatically transferred upon job change.

15 Jul 2017

EPFO

Here's how you can check your PF account balance

Now employees can view the total accumulated balance of their employees' provident fund (EPF) account through universal account numbers (UAN) allocated by the Employees' Provident Fund Organization (EPFO).