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EPF
EPF News
EPFO
14 May 2024
EPFO Introduces Auto Claim Settlement For Education, Marriage, Housing
EPFO has introduced an Auto Claim Solution where in claim is processed automatically by IT system without any human intervention.
Employees' Provident Funds Organisation
17 Apr 2024
EPFO Hikes Auto Withdrawal Claims Settlement Under 68J From Rs 50K To Rs 1L
Under the Paragraph 68-J of EPFO rule, the members can seek advance from the fund for treatment of illness in certain cases including hospitalisation lasting for one month or more
Employees' Provident Fund Organisation
02 Feb 2024
What Will Happen To Pensions Of EPS member Having Multiple Account Numbers?
EPFO has released a detailed guidelines on the pension situation where an EPS member has multiple accounts.
EPFO
04 Jan 2024
Good News! Deadline To Upload Wage Details For Higher Pension Extended
Ministry of Labour & Employment has said that EPFO has extended the time for Employers to upload wage details etc. regarding Pension on Higher Wages by five more months to 31 May, 2024.
EPFO
11 May 2023
Higher Pension: Subscribers, Pensioners To Get 3 Months For This Reason
The EPFO provided an online facility to submit the joint option form (with employers) to the subscribers for opting for a higher pension till May 3, 2023.
EPF Passbook
28 Mar 2023
E-Passbook Facility For EPFO Subscribers: How To View EPF Passbook Online
During the meeting of 233rd CBT on Tuesday, the minister approved the revised estimates for the year 2022-23 and budget estimates for the year 2023-24 for schemes administered by EPFO.
EPFO
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.
EPFO
20 Mar 2023
EPFO Payroll Data: EPFO Adds 14.86 Lakh Members In January 2023
The provisional payroll data released on Monday also highlighted that approximately 10.62 lakh members re-joined EPFO membership.
EPF
27 Feb 2023
Good News For EPFO Subscribers, Date to Apply For Higher Pension Extended
EPFO Higher pension update: Earlier, there were apprehensions that March 3, 2023 is the last date for opting for higher pension.
EPFO
21 Feb 2023
EPFO unveils procedure to apply for higher pension under EPS
EPFO has asked its field offices to provide an option for higher pension to eligible subscribers in accordance with the Supreme Court order.
Business
12 Jan 2023
Pensioner's ALERT! THESE employees will get bonus pension; Check details here
EPF
03 Jan 2023
SC ruling on HIGHER PENSION: Who can apply for it? Check process to apply
The Supreme court in its order gave four more months to eligible subscribers to opt for higher pension under EPS-95. The court had also struck down the requirement in the 2014 amendments mandating employee contribution of 1.16 per cent of the salary exceeding Rs 15,000 per month. This will facilitate the subscribers to contribute higher to the scheme and get enhanced benefits accordingly.
PF
27 Dec 2022
PF trusts of Bengal jute mills to be dismantled, workers linked to EPFO
According to IANS source, running a trustee board requires a clearance from the state Labour Minister and an annual audit of the trusts is conducted by the EPFO office. It is learnt that in the latest audit, the EPFO office have identified such irregularities in depositing provident fund contributions, and also recommended action against some of these trusts to the state Labour Department.
EPF
22 Dec 2022
EPF: Govt says THIS on implementing SC verdict on allowing higher pension
The apex court order provides that employees who were existing EPS-95 members as on September 1, 2014 can contribute up to 8.33 per cent of their actual salaries, as against 8.33 per cent of the pensionable salary capped at Rs 15,000 a month, towards pension.
Provident fund
07 Nov 2022
PF alert: Want to opt for increased pension? 4-month window is now open
The court on Friday struck down the requirement in the 2014 amendments mandating employee contribution of 1.16 per cent of the salary exceeding Rs 15,000 per month. This will facilitate the subscribers to contribute higher to the scheme and get enhanced benefits accordingly.
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.
EPFO
21 Oct 2022
EPFO Payroll Data: EPFO adds 16.94 lakh net members in August 2022
Of the total 16.94 lakh members added during the month, around 9.87 lakh new members have come under the ambit of EPFO for the first time. Out of 9.87 lakh new members added, approximately 58.32% are from the age-group of 18-25 years of age. This age-group signifies a crucial stage for an individual’s potential in terms of earning capacity and joining organized workforce in large numbers following their education.
EPFO
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.
Employees Provident Fund
21 Sep 2022
Increase your take-home salary with this simple trick; check how
Employees and Employer contribute 12 per cent each to the EPF Minimum EPF deduction has been set at Rs 1800 Employees can voluntarily contribute more to the EPF
EPFO
20 Sep 2022
EPFO subscribers alert! Ayushman Bharat health insurance to be made free
Preparations are being made to provide Ayushman Bharat Health Insurance coverage to all EPFO board subscribers. According to the proposal, EPFO pensioners and their life partners will be considered eligible for this scheme. EPFO subscribers will not have to pay a premium for the Ayushman scheme.
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