Latest News, Updates & Breaking Headlines
Representative image generated by AI (Gemini) In a move aimed at modernising retirement fund access, EPFO is working on a new mobile application that may allow subscribers to withdraw a portion of their EPF savings instantly through the UPI payment gateway. The app, expected to be launched around April, is part of efforts to reduce…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) is examining a proposal to introduce ‘performance-linked incentives’ for its fund managers, which will see it allocate more funds to those who give better returns. This is part of the new benchmark methodology being developed for debt investments, officials told TOI. It is also assessing benchmarks for…
Representative image (AI-generated) Employees’ Provident Fund Organisation (EPFO) subscribers will soon be able to withdraw their provident fund savings directly into their bank accounts using the Unified Payments Interface (UPI). The system is expected to be operational by April 2026. The move is aimed at simplifying access to funds and reducing delays in withdrawals for…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) is soon going to allow ‘EPF Suvidha Providers’ or authorised facilitators who will assist members in accessing benefits and resolving all kinds of issues related to their PF accounts.“The issue will be deliberated in the upcoming meeting of the central board of trustees in Feb. These facilitators…
NEW DELHI: In a big relief to millions of its members who face difficulty in validating their past service records while filing advance or final settlement claims, Employees Provident Fund Organisation (EPFO) is set to deploy new-age technologies like artificial intelligence (AI), blockchain and machine learning (ML) to authenticate member records, reports Shiva Rajora.“People who…
NEW DELHI: In a move that could significantly enhance the coverage of Employees Provident Fund Organisation, a proposal to increase monthly wage ceiling beyond the current Rs 15,000 is back on the table amid suggestions that it should be raised to Rs 25,000-30,000 a month.The wage ceiling refers to the salary threshold up to which…
Employees’ Provident Fund Organisation (EPFO) has processed nearly 99 per cent of applications seeking higher contributions to secure increased pensions under the Employees’ Pension Scheme (EPS) 1995, Parliament was informed Monday.Minister of state for labour & employment Shobha Karandlaje, in a written reply to Lok Sabha, said the EPFO has acted to implement directions issued…
The Delhi High Court on Tuesday ruled that expatriates working in Indian companies must become members of the Employees’ Provident Fund Organisation (EPFO) and contribute to the fund regardless of their income levels.The court upheld amendments to the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, as well as the Centre’s 2008 and 2010 notifications…
Mumbai: India Post Payments Bank, a 100% govt-owned entity under the Department of Posts, has signed an MoU with the Employees’ Provident Fund Organisation to provide doorstep digital life certificate services to pensioners under the Employees’ Pension Scheme, 1995.Under the partnership, IPPB will use its network of around 1.65 lakh post offices and over 3…
The EPFO is a cornerstone of long-term social security for millions of organised sector workers. Its latest reforms reflect a fine balance between liberal & simplified withdrawal options for various needs with a decent corpus at the time of retirement, enhancing financial security and ease of living. Here’s a look at the key changes recently…
