EPF News
Fresh formal hiring up 2.5% in July to 1.05 million, shows EPFO data
EPFO data is considered crucial as only the formal workforce enjoys social security benefits and is protected by labour laws.
3 min read23 Sep 2024EPFO to spend ₹13 crore on welfare of its employees with ₹74 lakh allocated to holiday homes
The Employees Provident Fund Organisation (EPFO) has issued a circular detailing allotment of funds for the year 2024-25 towards welfare activities. The total budget for the year is ₹13.10 crore, out of which ₹74.37 lakh belong to holiday homes
1 min read20 Sep 2024EPFO alert! How to avoid, deal with rejections, delays
From EPS-related issues to name mismatches, one has to jump through hoops to access their provident funds.
6 min read8 Aug 2024EPFO pays ₹57,316 crore in Q1 to settle 1.36 crore claims; enrollments rise
The Employees’ Provident Fund Organisation settles nearly 1.36 crore claims in the April-June quarter of the financial year 2024-25, paying ₹57,316.09 crore.
1 min read26 Jul 2024EPFO’s new subscribers increases 5.8% to 9.85 lakh during May
This surge in membership can be attributed to factors such as increased employment opportunities and growing awareness of employee benefits.
1 min read25 Jul 2024EPFO member inflows up 19.6% YoY, hit record-high at 19.5 lakh in May 2024
India’s retirement fund body recorded a ₹19.50 lakh net addition of members in May 2024, reported PTI. According to the data, 9.85 lakh new members have been added to the EPFO in the period.
1 min read20 Jul 2024Rising EPFO, NPS subscribers point to spike in jobs: Report
The EPFO reported that although there was a dip in new subscribers for 2023-24 compared to the previous fiscal, the no. of new subscribers in FY24 doubled compared to 2018- 19.
1 min read16 Jul 2024EPFO Fund sees inflows of ₹1,689 crore as 27 establishments surrender exemption in the last 2 years: Report
In the last two years, 27 companies have surrendered their exemptions, adding ₹1688.82 crore and 30,000 employees to the provident fund under the Employees’ Provident Fund Organisation (EPFO), reported ANI.
1 min read14 Jul 2024EPFO starts settling claims at the latest interest rate of 8.25 percent. Details here
So far, EPFO has settled over 23.04 lakh claims and disbursed an amount of ₹9,260 crore to the members inclusive of latest interest rate declared @ 8.25% per annum, the provident fund body revealed in a series of posts
2 min read12 Jul 2024EPF: How to submit nomination online? A step-by-step guide
EPF subscribers can enter nomination amount online and can also opt for more than one nominee. All these changes can be done virtually without having to submit any physical document(s)
1 min read3 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared