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Tag: Epfo

EPFO adds 15.32 lakh net subscribers in March' 22, 7 lakh below 25 yrs
EPFO adds 15.32 lakh net subscribers in March' 22, 7 lakh below 25 yrs

State-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Karnataka, Tamil Nadu, Gujarat, Haryana, and Delhi remain in lead by adding approximately 10.14 lakh net subscribers during the month, which is 66.18 per centA of total net payroll addition across all age groups.

 Steps to submit EPF, EPS nomination digitally; time limit relaxed for filing ESI contribution
Steps to submit EPF, EPS nomination digitally; time limit relaxed for filing ESI contribution

The Employees’ State Insurance Corporation (ESIC) has provided one-time relaxation for the employers to deposit contribution for the month of March 2022.

EPFO Interest Rate Better Than Other Schemes, Reflects Today's Realities: FM In RS
EPFO Interest Rate Better Than Other Schemes, Reflects Today's Realities: FM In RS

The EPFO has proposed cutting down the interest rate on provident fund deposits from 8.5 per cent in 2020-21 to 8.1 per cent for 2021-22.

EPFO
EPFO Fixes 8.1 Pc As Interest Rate On EPF Deposits For 2021-22

In March 2020, EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

EPFO Update: PF Accounts To Be Split In Two From April; Key Highlights
EPFO Update: PF Accounts To Be Split In Two From April; Key Highlights

It is pertinent to mention here that the Centre had notified new Income Tax (IT) rules in the month of September last year. The new rule for two separate accounts has been introduced to operationalise the new tax on PF income arising out of employee contributions exceeding Rs 2.5 lakh a year.

EPFO Allows Subscribers To Withdraw Rs 1 Lakh For Medical Emergencies, Check Process
EPFO Allows Subscribers To Withdraw Rs 1 Lakh For Medical Emergencies, Check Process

As per the EPFO's new rule, a subscriber can withdraw Rs 1 lakh for hospitalisation from the provident fund under ‘Medical Advance Claim’ without any paper work.

EPFO Alert: Atmanirbhar Bharat Rojgar Yojana Registration Date Extended, Check Details
EPFO Alert: Atmanirbhar Bharat Rojgar Yojana Registration Date Extended, Check Details

In a tweet, EPFO informed that the date for ABRY registrations has been extended till March 31, 2022.

EPFO Update: New System Soon, No Need To Transfer PF Account On Job Change
EPFO Update: New System Soon, No Need To Transfer PF Account On Job Change

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.

Govt Approves 8.5% Interest Rate On EPF For FY'21
Govt Approves 8.5% Interest Rate On EPF For FY'21

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 Alert: Aadhaar Seeding With UAN Of EPF Members Extended In These States, Check Details
EPFO Alert: Aadhaar Seeding With UAN Of EPF Members Extended In These States, Check Details

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.

4.73 Lakh People Quit Jobs, Joined New Companies: EPFO June Payroll Data
4.73 Lakh People Quit Jobs, Joined New Companies: EPFO June Payroll Data

The EPFO had registered 12.83 lakh net payroll additions during the month of June, 2021.

epfo
EPFO Adds 9.20 Lakh Net Subscribers In May: Payroll Data

EPFO has been able to make a cumulative subscribers base of 20.20 lakh in the first two months of the current financial year.

epfo
Families Of EPFO Members To Get Rs 7 Lakh Assistance; Check EDLI Scheme

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 Allows Members To Withdraw 75% Of PF Balance
Second Covid-19 Advance: EPFO Allows Members To Withdraw 75% Of PF Balance

EPFO has deployed a system driven auto-claim settlement process in respect of all such members whose KYC requirements is complete in all respects.

epfo
EPFO Allows Its Members To Avail Second Covid-19 Advance

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.

EPFO-Services
EPFO Releases Payroll Data, 62.49 Lakh Subscribers Added Till January

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 […]

EPFO FAQs On Reduction In Statutory Rate
EPFO Keeps Interest Rate For 2020-21 Unchanged At 8.5%

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 […]

epfo-2020
EPFO Releases Payroll Data; Click For Details On Net Subscribers

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. […]

Employees' Pension Scheme
EPFO Recruitment: UPSC Gives Last Chance To Revise Choice Of Centre

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 […]

EPFO
BREAKING: EPFO Begins Crediting 8.5% Interest For 2019-20

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 […]

umemployment
EPFO Odisha Shocker: Mere 33k jobs in Apr-Oct for over 6.2 lakh jobseekers in State!

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 […]

epfo-2020
Big Breaking: EPFO Releases Provisional Payroll Data

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 […]

EPFO FAQs On Reduction In Statutory Rate
Reduction In Statutory Rate Of EPF Contribution; All FAQs Answered

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 […]

EPFO FAQs On Reduction In Statutory Rate
EPFO Facilitates Options For EPS Pensioners To Submit Digital Life Certificate

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 […]

Nirmala Sitharaman
EPFO Incentive For New Employees In Aatmanirbhar Bharat 3.0: Nirmala Sitharaman

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 […]

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EPFO Lauches WhatsApp Helpline Service

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 […]

epf
EPFO Recruitment 2020: 27 Vacancies For the Post of Assistant Director (Vigilance)

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 […]

EPFO-Services
EPFO Ensures Hassle-Free Services During COVID-19 Pandemic

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) […]

Indian money
COVID-19 lockdown: Odisha industry body demands wage payment from ESIC funds

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 […]

epfo-2020
EPFO cuts interest rate on deposits to 7-year low of 8.5 pc for 2019-20

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 […]

Santosh-Kumar-Gangwar
EPFO To Credit Interest Into 6 crore EPF Accounts Soon

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 […]

Employees' Pension Scheme
EPFO: Govt Makes Big Announcement; Interest Rate Increased

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 […]

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Economic slump hits Odisha in a big way; New recruitments drop by 14% in Q1

Bhubaneswar: Odisha seems worst affected by the economic slowdown. The biggest toll seems to have been on the job creation in the State. Odisha is the only State in the country to record a consistent dip in new recruits in the country. The prevalence of such a gloomy scenario in Odisha has been revealed by […]

Employees' Pension Scheme
EPFO Alert: PF Transfer Details That Salaried Employees Must Know

Salaried employees looking to switch jobs must know whether the new organisation is exempted or un-exempted ones. Organisations which manage the provident fund and pension fund by themselves through a Trust are called exempted, while un-exempted companies are those where the pension fund is maintained by the EPFO. Things to remember while filing for PF […]

epfo
Attention EPFO Subscribers! Good News On Monthly Pension Via EPS

Here’s is a good news for subscribers of the Employee’s Provident Fund Organisation (EPFO) under Employee Pension Scheme (EPS). Once can now increase his/her monthly pension amount following the Supreme Court’s order in April this year which upheld a Kerala High Court verdict on monthly pension from the Employees’ Pension Scheme 95 (EPS 95). Earlier, […]

Employees' Pension Scheme
EPFO SSA Recruitment 2019: Admit Card Release, Exam Date & Selection Procedure Details

The Employees Provident Fund Organisation (EPFO) has recently invited applications for the positions of  Social Security Assistant (SSA) posts. A total of 2189 vacancy was notified in the official notification released by EPFO.

epfo
EPFO Recruitment 2019: Big Vacancy Of Over 2180 Posts; Opportunity Ends Today

The Employees Provident Fund Organisation (EPFO) had invited applications from interested and eligible candidates for the positions of  Social Security Assistant(SSA). A total of 2189 posts will be filled through this notification. For the same, applications must be submitted for the positions today, July 21, 2019, as it is the last date to apply. Below […]

epfo
EPFO Interest Rate Reduction: Good News From Finance Ministry

Good news for the Employees’ Provident Fund Organisation (EPFO) subscribers as the Labour Ministry has rejected a proposal from the Finance Ministry to slash interest rate offered by the EPFO. After the Finance Ministry reduced interest rate on General Provident Fund (GPF) and other similar funds to 7.9 per cent from 8 percent for the […]

Employees' Pension Scheme
EPFO Recruitment 2019: Big Vacancy of 2189 Posts; Know Exam Dates

The Employees Provident Fund Organisation (EPFO) has invited applications from interested and eligible candidates for the positions of  Social Security Assistant(SSA). A total of 2189 posts will be filled through this notification. Applications can be submitted for the EPFO SSA positions by July 21, 2019. EPFO Recruitment 2019 Vacancy Detail Social Security Assistant – 2189 […]

Employees' Pension Scheme
EPFO recruitment 2019: More vacancies announced; check the details

The Employees’ Provident Fund Organisation (EPFO) has invited applications from interested candidates for the post of Social Security Assistant. The recruitment to the post will be done on basis of an online exam which will be held on August 31 and September 1, 2019. Candidates holding a Bachelor’s Degree from a recognised university are eligible […]

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