Employees' Provident Fund Organisation News
Under this collaboration, IPPB -- a 100 per cent government-owned entity under the Department of Posts -- will leverage its wide network of over 1.65 lakh post offices and more than 3 lakh postal service providers (postmen and Gramin Dak Sevaks).
EPFO enrolled around 9.79 lakh new subscribers in July this year. A noticeable aspect of the data is the dominance of the young 18-25 age group most of who are into their first jobs.
A PF subscriber can get his/her LIC Policy financed for two years. This finance money will be debited from the funds available in his/her EPF account to the LIC Policy of the subscriber. There are conditions, eligibility criteria for seeking this money. Here's a comprehensive guide to getting your LIC Policy financed by EPFO.
EPFO's latest order on increasing ex-gratia amount under death relief fund to rs 15 lakh for family of central government employees shall come into force with effect from 01 April 2025.
EPFO in a circular on 13 August 2025 has said that the fund body aims to simplify the process of death claims and also to ensure speedy settlement to the minor children.
Employees' Provident Fund Organisation subscribers can apply for auto-settlement of PF advance claims, requiring no human involvement. The claims are faster, hassle free and come to rescue of PF Subscribers in situations as illness, education, marriage and needing funds for housing purposes.
EPFO Higher Pension Application Status: How to track it? Step by step process explained.
Last chance was provided to all employers to forward the applications for pension on higher wages by January 31, 2025.
Further, the year-on-year analysis reveals a growth of 4.88 per cent in net member additions compared to November 2023, reflecting increased employment opportunities and heightened awareness of employee benefits.
EPFO has taken many initiatives recently in order to improve delivery of services for PF holders.
For the purpose of assigning tasks to the competent authority, the changes are classified as major and minor changes in the 12 Parameters by the EPFO.
The Karnataka HC Judgment pertains to the specific provisions for International Workers outlined in EPFO, which were deemed to be inconsistent with the Constitution.
It's essential to note that this facility is available only to EPF members whose EPF accounts, both old and new, are maintained by the EPFO.
EPFO added 15.62 lakh net members during December 2023, the payroll data showed.
EPFO has released a detailed guidelines on the pension situation where an EPS member has multiple accounts.
EPFO simplifies application process for higher pension under EPS scheme.
Guidelines outline required documents and procedures.
SC order allows employees to submit fresh applications within specified timeframe.
EPS'95 pensioners can submit their life certificate anytime through various methods.
The life certificate will valid up to 1 year from the date of submission.
EPS-95 – Employee Pension Scheme-1995 is a social security scheme provided by the Employees’ Provident Fund Organisation (EPFO).
EPFO said, in cases, where an employee member was on leave without wages (consequently no contribution was pa yable by the employer) or absent for any other reason and expired during the period, the Assurance benefit is admissible irrespective of the fact that no contribution was paid by the employer, pro vided he was on the muster rolls of the establishment on the day of death and satisfied the prescribed conditions.
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.
The pension would reportedly be disbursed using a central database of over 138 regional offices in the country.
The centralized system will facilitate de-duplication & merger of all PF accounts of any member.
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