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Employee Provident Fund News

EPFO Welfare Scheme

21 Sep 2024

EPFO To Spend Over Rs 13 Crore On Employee Welfare In FY25

Earlier this month, the Centre approved the Centralised Pension Payments System (CPPS) that will benefit more than 78 lakh people under the Employee Pension Scheme (EPS), which is part of EPFO.

14 Jun 2024

EPF Withdrawal Update: EPFO Discontinues Covid-19 Advance Facility

EPF is a government-supported program that provides retirement benefits to employees.

27 Mar 2023

PF Interest Rate: EPFO Likely To Decide Rate Of Interest EPF Deposits Tomorrow

EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21 in March 2022.

Employee Provident Fund

01 Nov 2022

EPFO Pensioners alert! Read THIS new rule on retirement money withdrawal

CBT is the highest decision-making body of the EPFO. CBT recommends govt. to make changes to the EPS-95 plan. When the retirement benefit is fixed, retirees will receive greater pensions.

19 Oct 2022

EPFO Subscribers may get interest rate in their accounts post Diwali: Report

EPFO subscribers may get the due interest in their accounts after Diwali. Lakhs of EPFO subscribers are waiting for the interest in their accounts. The Centre approved an employee provident fund (EPF) interest rate of 8.1% for the years 2021–2022.

16 Oct 2022

Withdrawing PF online? Know which form to select for correct PF claim filing

Both employee and employer contribute to EPF EPFO allows part withdrawal from the provident fund EPFO added 18.23 lakh net members in July, 2022

06 Oct 2022

EPFO Update: PF Interest money not credited in your EPF a/c? Govt says THIS

However, for quite some time now, subscribers have not got the interest money of their PF credited into their account. Responding to a tweet by T.V Mohandas Pai, former CFO and Ex-director of Infosys, the Finance Ministry has said that the delay in interest payment does not mean loss of money.

03 Jun 2022

PF Update: EPF interest rate of 8.1% approved by govt; Details here

Govt approves 8.1 percent interest rate on EPF. In March last year, EPFO slashed the interest rate on employees' provident fund deposits to a four-decade low of 8.1 percent.

28 Mar 2022

PF account holders alert! New rules to come from April 1; Know details

Interest on EPF was totally tax-free prior to Budget 2021. Finance Minister Nirmala Sitharaman proposed in her budget address for 2021-22 that PF payments of more beyond Rs 2.5 lakh per year be taxed. EPF payments over Rs 2.5 lakh per year would be taxed, according to a notification published on August 31.

10 Jan 2022

Want to create a UAN number? Here’s how to do it online

You can access your Employee Provident Fund (EPF) account once you have your 12-digit UAN number. It also allows you to examine your passbook and check the balance of your EPF account.

20 Apr 2021

Are you COVID positive? Here’s how to take PF loan for its treatment

The norms by the Employees’ Provident Fund Organisation (EPFO) revealed that employees are well within their rights to withdraw money for a medical emergency, construction or purchase of a new house, renovation of the house, repayment of home loan, and wedding purposes. To withdraw money for COVID-19 treatment, a person needs to get it under the medical emergency for spouse, or member or parent or children. An employee is eligible to get six times the monthly salary or employee’s share with interest (whichever amount is lesser) from the EPF for medical treatment including that of COVID-19.

24 Aug 2020

EPFO updates 2.39 lakh Aadhaar, 5.26 lakh bank account in its subscribers UAN

The KYC updation is a one time Process. KYC helps in the identity verification of its subscribers through linking of the UAN with the KYC details. Once this exercise is completed and seeded KYC details validated, the EPFO subscriber becomes empowered to avail services of EPFO through digital mode.

24 Aug 2020

Want to update EPFO KYC details online? Here is a step by step guide

The KYC updation is a one time Process. KYC helps in the identity verification of its subscribers through linking of the UAN with the KYC details. Once this exercise is completed and seeded KYC details validated, the EPFO subscriber becomes empowered to avail services of EPFO through digital mode.

05 Oct 2018

Unable to withdraw EPF, Odisha man threatens to commit suicide

Santosh Jena is an employee with the General Electrical Department in Baripada of Mayurbhanj district in the state.

09 Jun 2016

Learn how to file request of EPF transfer online

In order to avoid the existing EPF account (in his last company) from becoming out of action due to change of job, one must follow this procedure.

27 Apr 2016

Finance Ministry defends lower interest rate on EPF, cites lack of funds

Employee unions have called a nationwide protest on April 29, against the Finance Ministry's move to fix EPF interest rate at 8.7 percent for 2015-16, lower than 8.8 percent sought by Employee Provident Fund Organisation (EPFO) and 8.75 paid for the previous fiscal.

08 Mar 2016

'EPF tax withdrawal big victory for 2.5 lakh people'

Jaitley had in his Budget 2016-17 proposed to tax withdrawal of 60 percent of accumulations in the Employee Provident Fund after April 1, 2016.

07 Mar 2016

Congress workers protest at Jantar Mantar against EPF taxation proposal

Congress workers on Monday staged protest at Jantar Mantar against the Central government's recent announcement to tax Employee Provident Fund (EPF).

05 Mar 2016

Congress to put pressure on Centre to remove tax on EPF: Rahul Gandhi

Congress vice-president Rahul Gandhi on Saturday said that his party will put pressure on Centre to take back their decision of taxing Employee Provident Fund (EFP).

01 Mar 2016

Online petition against EPF tax goes viral

An online petition against retirement tax has gone viral on social media with nearly 3,000 signups seeking urgent and immediate withdrawal of EPF Tax just a day after it was announced in the Budget.

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