Tag: EPFO

Union Cabinet approves raising EPFO wage ceiling to ₹25,000 per month

September 16, 2026 admin

The contributions of the employees and employers towards the EPS will also increase as per the new wage ceiling. File. | Photo Credit: The Hindu The Union Cabinet has approved the enhancement of the the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) to ₹25,000 per month from ₹15,000, Minister of…

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Union Cabinet approves raising EPFO wage ceiling to ₹25,000 per month

September 16, 2026 admin

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Technology must be backed by process reforms: EPFO CEO

August 2, 2026 admin

The Employees’ Provident Fund Organisation (EPFO) has notified new rules for the Employees’ Provident Fund (EPF) Scheme, the Employees’ Pension Scheme (EPS) and the Employees’ Deposit Linked Insurance (EDLI) Scheme under the Code on Social Security, 2020, while rolling out a series of measures to simplify claim settlement and improve service delivery. The changes come…

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What are the new PF withdrawal guidelines? | Explained

October 18, 2025 admin

Though employees can withdraw up to 100% of the eligible balance in the PF including employee and employer share during their service, a new provision has been made that 25% of the contributions in an account should be maintained as minimum balance at all times. File. | Photo Credit: Supreet Sapkal The story so far:…

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These Things Will Change Starting January 1, 2025

January 1, 2025 admin

Starting January 1, 2025, a slew of regulatory and financial changes will be coming into effect, affecting citizens across the country. From changes in the Employees’ Provident Fund Organisation (EPFO) procedures to adjustments in LPG pricing and the Unified Payments Interface (UPI), the new year could have a significant impact on your wallet. Here’s a…

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EPFO adds 13.41 lakh net members in October

December 26, 2024 admin

Employees Providend Fund Organisation building at Bandra. File | Photo Credit: Supreet Sapkal Retirement fund body EPFO has registered 13.41 lakh net new members addition in October 2024, according to showed latest payroll data. This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, a labour ministry statement…

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EPFO logs 20 lakh net new members in July

September 23, 2024 admin

EPFO building. File photo | Photo Credit: Niranjan R. Varma Retirement fund body Employees Provident Fund Organisation (EPFO) recorded a net addition of 19.94 lakh members in July this year, the Labour Ministry said on Monday (September 23, 2024). Union Labour Minister Mansukh Mandaviya said in a press conference that 10.52 lakh new or first-time…

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EPFO Reports Highest Ever Monthly Payroll Additions In July 2024

September 23, 2024 admin

The EPFO data indicates that of the new additions, 10.52 lakh are first-time employees New Delhi: The Employees’ Provident Fund Organisation (EPFO) has reported its highest-ever monthly payroll addition in July 2024, with 19.94 lakh members joining the ranks. This highlights a shift in India’s employment landscape, reflecting the effectiveness of the Modi Government’s transformative…

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Budget 2024: What is in store for labour? | Watch

July 23, 2024 admin

Watch: Budget 2024 | What is in store for labour? In her seventh budget speech, Finance Minister Nirmala Sitharaman announced three new employee-linked incentive schemes in the Union Budget for 2024-25. The three schemes, which are part of the Prime Minister’s package, will align with enrolment in the Employee Provident Fund Organisation and focus on…

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EPFO to marginally hike interest on PF deposits to 8.25%

February 10, 2024 admin

The EPFO fixed a three-year high interest rate of 8.25% on employees’ provident fund for 2023-24 on February 10. The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25% on provident fund (PF) deposits for 2023-24. The current interest rate is 8.15%. “The move is…

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