EPFO News

Money

EPF: How to make correction in name, KYC and other details? A step-by-step guide

Earlier, employees’ provident fund (EPF) subscribers were supposed to submit a joint declaration form after getting it signed by the employer. But not anymore! They can fill the form and submit it online

2 min read1 Jun 2024
Money

EPF: These are the services subscribers can avail on the unified member portal

On the EPF portal, subscribers can access their account details and make the changes (if necessary) relating to their contact details, KYC, nomination and even apply for claims.

2 min read30 May 2024
Money

EPFO Update: New rule simplifies EPF death claim process. Here is how

EPFO Update: The Employees’ Provident Fund Organisation allows processing physical claims without seeding Aadhaar in death cases, contingent upon OIC approval and proper verification procedures to prevent fraudulent withdrawals

2 min read20 May 2024
Money

EPF claim settlement: In certain cases, physical claims can be settled without seeding Aadhaar. Details here

EPFO has released a circular detailing the settlement of physical claims in death cases. The numerous cases mentioned by the EPFO include a) Where incorrect member details are given in aadhaar, b) Unavailability of aadhaar in respect of pre-aadhaar death cases, c) Aadhaar got deactivated, d) others

1 min read18 May 2024
Money

EPF claims: Provident fund body rejigs multi-location claim settlement arrangement; details here

The EPFO has come out with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices in order to expedite the claim settlement process.

2 min read15 May 2024
Money

EPFO: Increase in gratuity on account of hike in DA put in abeyance with immediate effect

Union Cabinet had raised dearness allowance and dearness relief to central government employees and pensioners from 46 percent to 50 percent of the basic pay or pension. Following this, gratuity cap rose by 25 percent from ₹20 lakh to ₹25 lakh.

2 min read8 May 2024
Money

EPF passbook: This is how you can access your account details in 9 regional languages

The default language of EPF account details is English. So when you send the SMS, you will receive the information in the native language of Brits unless you categorically ask for in a regional language.

2 min read25 Apr 2024
Money

Employment situation improving? EPFO net subscribers’ addition grows to 1.65 crore in fiscal 24

In last 6 and half years, over 6.1 crore members joined the EPFO fold. The net addition in EPFO subscriptions shows the extent of formalisation of the job market and the coverage of social security benefits to the organised/semi-organised sector workforce

1 min read21 Apr 2024
Web Stories

EPFO pension rules: 5 essential factors you need to understand

Did you know reaching age 58 alone doesn’t guarantee eligibility for a monthly pension under the Employee Pension Scheme? Here are the essential factors you should know about the EPFO pension rules.

1 min read17 Apr 2024
Money

EPFO Pension Rules: 5 key things you need to know for financial security

Meeting the EPFO’s requirement of 10 years of service is essential, but merely reaching the age of 58 doesn’t automatically qualify an individual for a monthly pension under the Employee Pension Scheme.

1 min read15 Apr 2024
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