Streamlining EPF Profile Updates: A Comprehensive Guide for Employees and Employers

Posted by & filed under Provident fund -News, Provident Fund Benefits.

Introduction: The EPFO (Employees’ Provident Fund Organization) is a governmental body in India under the Ministry of Labour and Employment. It administers social security schemes, including the Employee’s Provident Fund Scheme, Family Pension Scheme, Employees’ Pension Scheme, and Employees’ Deposit Linked Insurance Scheme. The Joint Declaration process aims to correct member profiles to minimize rejections… Read more »

EPFO Recommends 8.25% Interest Rate for EPF Subscribers: A Boon for Financial Well-being”

Posted by & filed under Provident fund -News.

Introduction: In a significant development for millions of subscribers of the Employees’ Provident Fund Organization (EPFO), the Central Board of Trustees (CBT) has recommended an annual interest rate of 8.25% to be credited on EPF accumulations for the financial year 2023-24. This decision, made during the 235th CBT meeting held on February 10, 2024, marks… Read more »

EPFO fixes Interest Rate for 2022-23 @8.15% pa

Posted by & filed under Provident Fund - (Notification -Circulars), Provident fund -News.

The 233rd meeting of the Central Board of Trustees, EPF was held today in Delhi under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change. The Vice-Chairmanship of Shri Rameshwar Teli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Vice-Chairpersonship of Ms…. Read more »

Govt. approves 8.5% interest rate on Employees’ Provident Fund for FY-2020-2021

Posted by & filed under Provident fund -News.

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 »

Latest News on EPFO

Posted by & filed under Provident fund -News.

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 »

EPF dues solely on the basis of balance sheet without identification of beneficiaries is not sustainable

Posted by & filed under Provident fund -News.

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 »

EPFO fixes 8.65% interest rate for PF deposits, cut from 8.8%

Posted by & filed under Provident fund -News.

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 »

ATTENTION EPS-1995 PENSIONERS No Pension without Digital Life Certificate

Posted by & filed under Provident fund -News.

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 »