The government has approved an 8.5% rate of interest on employees’ provident fund for 2020-21 fiscal,. Just ahead of Diwali, this is good news for over five crore subscribers of the Employees Provident Fund Organisation (EPFO). The 8.5% rate of interest on provident fund deposits for the last financial year was decided by the EPFO’s… Read more »

Dear all, As we all are aware that as EPF withdrawal is now online and in major cases Pan is not getting verified as Now NSDL has intiated a online process where in we can do the changes online  Everyone has experienced a typo in their ID cards or other documents and most of us… Read more »

Aadhaar Seeding Application launched by Shri Bandaru Dattatreya  Minimum assured amount on death in service and loyalty cum life benefit to EDLI members on superannuation recommended to Government The Central Board (EPF) under the chairmanship of Union Minster of State for Labour and Employment (Independent Charge) Shri Bandaru Dattatreya held its 217th special meeting in… Read more »

Assessment of EPF dues solely on the basis of balance sheet without identification of beneficiaries is not sustainable An appeal was filed by the appellant before the Employees’ Provident Fund Appellate Tribunal, challenging the order dated 23.09.2011, passed by the EPF Authority, under section 7-A of the Act. Brief Facts: Dues were assessed on the… Read more »

Retirement fund body EPFO today decided to lower the interest on EPF deposits for the current fiscal to 8.65 per cent, from 8.8 provided in 2015-16, for its over four crore subscribers. “The Employees Provident Fund Organisation’s apex decision making body, the Central Board of Trustees (CBT), has taken a decision to lower the interest rate… Read more »

Dear EPS Pension Member no Pension will be credited without digital life certificate  From 1st November 2016, EPFO has launched the facility of online submission of life certificate. It is mandatory to submit the digital Life Certificate through jeevan Pramaan System life certificate.  The pensioners should carry the Aadhaar Card, Mobile phone, details of PPO… Read more »

Highlights  Earlier, an EPF account was considered inoperative if it was dormant for 36  From November 11, even these accounts will continue to accrue interest. Pls refer to the circular as it was issued in November 2011 Pls see  (Old Circular) where in an EPF account was considered inoperative if it was dormant for 36 months… Read more »

A Software also Launched for Centralized Processing to Transfer and Consolidate Accounts with Ease EPFO Greets the Human Engines of Nation – Our Labour Force on International Labour Day Greeting workers on International Workers Day with the. Sh. Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) launched a special Mission consolidation drive “One Employee-One EPF Account”… Read more »

25th Apr 2016 Government reducing EPF & MP act threshold 20 to 10 employees Government plans to amend the existing law to bring firms with minimum ten employees under the Provident Fund coverage, the Lok Sabha was informed today.(25th Apr 2016)Currently, companies with less than 20 employees are excluded from PF coverage. “A proposal for comprehensive… Read more »