The centralized system will facilitate de‐duplication and merger of all PF accounts of any member. The field functionalities will move on a central database in a phased manner enabling smoother operations and enhanced service delivery.
In March last year, the EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent in 2018-19.
EPFO said that the representations for extension of time beyond September 1, 2021 have been considered as it was noted that overall 94 percent of contributory EPF members’ UAN have Aadhaar seeding. But there is less percentage of Aadhaar seeding in UANs of contributory members in EPFO’s administrative zone of North Eastern region and in certain class of establishments, industries such as Beedi making, building and construction and plantation.
The EPFO had registered 12.83 lakh net payroll additions during the month of June, 2021.
EPFO has been able to make a cumulative subscribers base of 20.20 lakh in the first two months of the current financial year.
The EDLI Scheme is supported by a nominal contribution at 0.5% of monthly wages, upto the maximum wage limit of Rs 15,000 by the employers
EPFO has deployed a system driven auto-claim settlement process in respect of all such members whose KYC requirements is complete in all respects.
Members who have already availed the first Covid-19 advance can now opt for a second advance also. The provision and process for withdrawal of second Covid-19 advance is same as in the case of first advance.
Bhubaneswar: Employees Provident Fund Organisation (EPFO) registered a growth of 24 % as far as new enrolments are concerned. As per the provisional payroll data of EPFO published on Saturday, the subscriber base saw a jump with the addition of 13.36 lakh net subscribers during the month of January, 2021. Despite COVID-19 pandemic, EPFO added […]
Bhubaneswar: In a good news for over 5 crore active subscribers, The Central Board of Trustees of retirement fund body Employees’ Provident Fund Organisation (EPFO) on Thursday kept the interest rate for the financial year 2020-21 unchanged at 8.5 per cent. In its 228th meeting, the Central Board recommended 8.50% annual rate of interest to […]
Bhubaneswar: There has been an addition of 12.54 lakh subscribers in the month of December, 2020, as per the provisional payroll data published by the Employees Provident Welfare Organisation’s (EPFO). The recent data highlights a positive trend as it reflects increase of 44 % in net subscribers addition over the previous month of November, 2020. […]
Bhubaneswar: The Union Public Service Commission will be conducting the recruitment test for Enforcement Officer/Accounts Officer in the Employees’ Provident Fund Organization on May 9, 2021. The UPSC has decided to give an opportunity to the candidates who want to revise their choice of centre for the recruitment test. The move comes in the backdrop […]
New Delhi: Retirement fund body EPFO on Thursday started crediting 8.5 per cent rate of interest on employees’ provident fund (EPF) for 2019-20 for its over six crore members, a senior official said. A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with […]
Bhubaneswar: Notwithstanding the high sounding claims by the Odisha government, the latest new payroll data released by the Employment Provident Fund Organisation (EPFO) on Monday bares the chinks in employment creation potential of Odisha. Sample The Acuteness in Odisha As on the end of August this year, Odisha has over 6.2 lakh unemployed youths, who […]
Bhubaneswar: Employees’ Provident Fund Organisation has added 11.55 lakh net subscribers in the month of October, 2020 as per the recently released payroll data. Despite the COVID-19 pandemic, EPFO has added around 39.33 lakh subscribers during the current financial year (from April to October, 2020). The data published comprises of members who have joined during […]
Bhubaneswar: The Employees’ Provident Fund Organisation has announced to provide relief to the employers and employees of the establishments covered under the EPF & MP Act, 1952 distressed by Lockdown to prevent spread of COVID-19 and other disruptions due to the pandemic. The reduction in statutory rate of contributions from 12% to 10% for wage […]
New Delhi/Bhubaneswar: The Employees’ Provident Fund Organization (EPFO) facilitated multiple options for submission of digital life certificate (DLC) by EPS pensioners. These initiatives will benefit approximately 67 lakh EPS pensioners out of which about 21 lakh are widow/widower, children and orphan pensioners. In general, all pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to […]
New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer’s contribution […]
The Employees’ Provident Fund Organisation (EPFO) launched a WhatsApp helpline service for speedy redressal of grievances for its subscribers in all the 138 regional offices. With WhatsApp emerging as a huge platform for communication in India, EPFO has grabbed the opportunity that the app provides to reach and communicate directly with all its stakeholders. The […]
The Employees’ Provident Fund Organisation (EPFO) has invited applications for recruitment for the post of Assistant Director (Vigilance). Interested candidates can apply for Employees’ Provident Fund Organisation (EPFO) Recruitment 2020 through the prescribed application format on or before November 2, 2020, said a notification. EPFO Recruitment 2020 will fill in 27 vacant posts. The government […]
The Employees’ Provident Fund Organisation (EPFO) subscribers are reportedly experiencing a hassle-free service through the use of Unified Mobile Application for New-age Governance (UMANG) during COVID-19 pandemic. Presently a PF member can access 16 different services of EPFO on their mobile phone using UMANG App. For availing these services an active UAN (Universal Account Number) […]
Bhubaneswar: The Utkal Chamber of Commerce and Industry (UCCI) urged the Odisha government on Thursday to facilitate the making of wage payments during the COVID-19 lockdown period from the funds available with the Employees’ State Insurance Corporation (ESIC). The UCCI also sought granting of working capital loan, additional MUDRA loan on subsidised rate of interest […]
New Delhi: Retirement fund body EPFO on Thursday lowered the interest rate on provident fund deposits by 0.15 percentage point to a seven-year low of 8.5 per cent for the current financial year. The Employees’ Provident Fund Organisation (EPFO) had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six […]
New Delhi: Labour Minister Santosh Gangwar on Tuesday said that over 6 crore EPFO members will get 8.65 per cent interest for 2018-19. Earlier, the Employees’ Provident Fund Organisation’s (EPFO) apex decision-making body Central Board of Trustees had decided to raise the interest rate on EPF to 8.65 per cent for the year 2018-19. The […]
New Delhi: Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO members will get 8.65 per cent interest on their deposits for 2018-19. The Central Board of Trustees — the apex decision-making body of the Employees’ Provident Fund Organisation (EPFO) — had approved 8.65 per cent interest rate for the last fiscal in […]