Mon, Dec 04, 2023
Sukanya Samriddhi Yojana: One can activate the account by paying a penalty fee of Rs 50 at the bank or the post office.
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Sat, Sep 23, 2023
Voluntary Provident Fund is the extension of the Employees' Provident Fund and allows employees to invest more than 12 percent to their VPF accounts.
Wed, Aug 30, 2023
EPF is a good investment scheme for retirement. The EPFO has made it mandatory for account holders to designate nominees, but there is no deadline for the process.
Thu, Jun 25, 2020
EPF Withdrawal: The EPFO is offering Employees' Provident Fund (EPF) account holders to cope with the financial heat caused during the COVID-19 pandemic enforced lockdown.
Tue, Jun 23, 2020
The recently published provisional payroll data by retirement fund body, Employees' Provident Fund Organisation (EPFO) sheds light on the increasing subscriber base for EPFO, since the collation of payroll data from September 2017.
Employees' Provident Fund Organisation (EPFO) has added 1.39 crore subscribers in the last two financial years causing the subscriber base to rise from 61.12 lakh to 78.58 lakh in the financial years FY19 and FY20.
Sun, Jun 21, 2020
According to EPFO payroll data, the net new enrolments with the retirement fund body recorded at 1.33 lakh during April 2020, providing an employment perspective in the formal sector impacted by COVID-19-induced lockdown.
Tue, Jun 16, 2020
In what comes as a good news for EPF subscribers, their Employees' Provident Fund claims will soon be settled faster. The Employees' Provident Fund Organisation (EPFO) has launched a multi-location claim settlement facility to expedite member claims.
Mon, Jun 15, 2020
In a major development, Employees Provident Fund Organisation (EPFO), a Department under Union Ministry of Labour & Employment, has launched multi-location claim settlement to expedite member claims.
Fri, Jun 12, 2020
In recognition of need to bring service delivery closer to the door steps of EPS pensioners, especially during the challenging times of COVID -19 Pandemic, the Employees' Provident Fund Organisation (EPFO) has proactively partnered with Common Service Centre (CSC) to provide facility to submit Di
Thu, Jun 11, 2020
In a major development for EPS pensioners, EPFO has proactively partnered with Common Service Centre (CSC) to provide the facility to submit Digital Jeevan Pramaan.
The Employees' Provident Fund Organisation (EPFO) is getting thousands of withdrawal requests every week and to hasten the claim settlement process, it has come up with an artificial intelligence tool.
Wed, Jun 10, 2020
EPF Withdrawal Rules Online: Employees' Provident Fund Organization (EPFO) is helping the Employees' Provident Fund (EPF) account holders to meet their money needs during the lockdown.
EPFO Alert: Retirement fund body Employees' Provident Fund Organisation (EPFO) has settled 36.02 lakh claims and disbursed Rs 11,540 crore to its members during lockdown in the last two months.
Sat, Jun 06, 2020
Employees Provident Fund Organisation (EPFO) subscribers will get a loyalty-cum-life benefit of up to Rs 50,000. This EPFO benefit will be given at the time of retirement in lieu of contributing to the PF scheme for 20 years or more.
Thu, Jun 04, 2020
Earlier, on May 28, the labour ministry had 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.
The Employees Provident Fund or EPF has become significant for salaried employees during the ongoing coronavirus crisis, allowing people to meet immediate financial needs. EPFO has also taken several steps to help subscribers avail online facilities.
Wed, Jun 03, 2020
Ministry of Finance has said that 16.1 lakh Employees' Provident Fund Organisation (EPFO) members have availed the given benefit of online withdrawal of non-refundable advance from EPFO account.
Thu, May 28, 2020
EPFO provides life coverage of up to Rs 6 lakh to an EPF account holder in case of death during service period. The life coverage is given to the EPF account holder under the EDLI 1976 rules.
Mon, May 25, 2020
EPF calculator 2020: One of the major announcements made by Finance Minister Nirmala Sitharaman as part of her Rs 20 cr economic relief package, was the option to go for a reduced EPF rate.
Tue, May 19, 2020
In a major development, the Ministry of Labour & Employment has implemented the decision to cut Employees' Provident Fund (EPF) contributions to 10 per cent from the existing 12 per cent for three months till July.
In a big relief, the government announced reduction of Employees’ Provident Fund (EPF) contribution for both employers and employees to 10 percent of basic wages for next three months – June, July and August. This move, government said, will increase cash in the hands of employees.
Sun, May 17, 2020
On March 28, the EPFO had allowed formal sector workers to withdraw a non-refundable advance from their retirement savings to deal with the hardships due to the lockdown.
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