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Pensioners may soon be able to make EPFO claims via UPI: Labour secretary
The EPFO has established a centralised database and after conducting necessary testing, the UPI frontend for EPFO claims may get rolled out by the end of May.
Published on Mar 26, 2025 10:22 AM IST
'Like a bank’: PF withdrawal to get hassle-free after launch of EPFO 3.0
Union Labour Minister Mansukh Mandaviya recently announced that EPFO will be launching EPFO 3.0, which will be equivalent to the banking system.
Published on Mar 13, 2025 07:55 PM IST
EPFO keeps interest rates on PF unchanged at 8.25%
Provident funds provide retirement income and a financial safety net for nearly 70-million salaried Indians. It is often the key corpus of lifetime savings for the working people
EPFO retains 8.25% interest rate on EPF deposits for 2024-25: Report
EPFO had raised the interest rate on EPF from 8.15% in 2022-23 to 8.25% in 2023-24.
Published on Feb 28, 2025 12:46 PM IST
HT News Desk | Edited by Ashley Paul
EPFO tweaks rules, no need for employer nod to update details
Members will now be able to self-correct personal details, including name, addresses and bank details, by logging in to the EPFO website
Updated on Jan 19, 2025 05:34 AM IST
EPFO to allow members to transfer account without involving employers
It is expected that the move will reduce delays in and make the PF transfer process more efficient.
Published on Jan 18, 2025 08:22 PM IST
HT News Desk, New Delhi
Deadline to activate UAN for EPFO's ELI Scheme is today (January 15) | Details
The original deadline for EPFO UAN activation was November 30, 2024, and was extended to December 15, 2024, and then yet again to January 15, 2025.
Published on Jan 15, 2025 01:50 PM IST
Budget 2025: Minimum EPS pension hike to ₹7,500 likely to be considered
For this, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 , 2025, as part of a pre-budget consultative meeting
Published on Jan 13, 2025 09:50 AM IST
Soon, no need for nod to withdraw PF cash during emergencies
EPFO may soon allow members to withdraw funds via self-approval ATMs for emergencies, streamlining the process and cutting delays.
Updated on Jan 04, 2025 06:18 AM IST
EPS rule update: Pensioners can now withdraw pension from any bank branch
The newly introduced Centralised Pension Payments System (CPPS) is expected to benefit 78 lakh EPS pensioners with its convenience.
Published on Jan 02, 2025 10:31 AM IST
HT News Desk | Edited by Abhyjith K. Ashokan
2025 personal finance updates: Key changes in UPI, visa, EPFO, credit card, FD
The year 2025 brings some personal finance changes to be planned ahead for including new rules for visa, credit card, EPFO, fixed deposits, UPI, and others
Updated on Jan 01, 2025 11:50 AM IST
Labour ministry, RBI hold discussions to ease PF withdrawal
EPFO is revamping its work processes and IT network to hasten the services following long-standing grievances of cumbersome procedures for settlement of claims.
Updated on Dec 26, 2024 05:02 AM IST
How to get higher pension if employer didn't approve or process your application
A historic Supreme Court judgement allowed many Employee Pension Scheme (EPS) members to apply for a higher pension, but not all were successful in getting it
Published on Dec 22, 2024 12:41 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Uthappa breaks silence on arrest warrant issued against him in EPF deposits case
Robin Uthappa broke his silence after an arrest warrant was issued against him in the EPF deposits fraud case. Here's what he had to say.
Updated on Dec 22, 2024 08:05 AM IST
EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
Union labour secretary Sumitra Dawra said that the aim is to have an IT system comparable to global banking systems
Updated on Dec 14, 2024 11:28 AM IST
You can withdraw PF from an ATM starting 2025, announces labour ministry
Labour Ministry Secretary highlighted that the ministry is upgrading IT systems to offer “enhanced services” to the country's extensive workforce.
Published on Dec 12, 2024 08:54 AM IST
EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report
The Employee Provident Fund Organisation (EPFO) will revamp and introduce multiple policies for the EPFO 3.0 version.
Updated on Dec 04, 2024 01:43 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
EPFO board pitches amnesty plan for PF payment violations
According to official data, total investments by the retirement fund body into the ETFs crossed ₹2.3 lakh crore by March 2024, which is 9.49% of its total investible corpus.
Updated on Dec 01, 2024 05:30 AM IST
Zia Haq, New Delhi
These EPFO subscribers exempted from Aadhaar seeding for claim settlement
Typically, EPFO subscribers should seed their UAN (Universal Account Number) to Aadhaar for claim settlement.
Published on Nov 30, 2024 05:02 PM IST
HT News Desk, New Delhi
EPFO reports highest monthly payroll additions in July 2024
EPFO reported a record monthly payroll addition of 19.94 lakh in July 2024, showcasing the impact of government initiatives on job creation.
Published on Sep 23, 2024 02:07 PM IST
ANI |
Govt may raise EPFO wage ceiling to ₹21,000, retire with ₹1 crore: Report
The current wage ceiling of ₹15,000 (Which used to be ₹6,500 in 2014) for employees’ contribution may get raised for investing more into the EPFO corpus
Updated on Sep 21, 2024 04:20 PM IST
Tax on EPF: How employees provident fund interest and withdrawals are taxed
While EPF gives tax benefits during the contributing phase, there are tax implications when withdrawing it, depending on the employment purpose and duration
Updated on Sep 18, 2024 01:29 PM IST
Govt hikes PF withdrawal limit to ₹1L
The new withdrawal limit was raised because the older cap had become outdated in view of changing consumption expenditures
Published on Sep 18, 2024 07:43 AM IST
EPF Ludhiana sets up call centre for grievance redressal
Regional provident fund commissioner Saurabh Swami said that the regional office in Ludhiana is committed to resolving complaints within 48 hours, or at most within five days
Updated on Sep 10, 2024 05:50 AM IST
HT Correspondent, Ludhiana
EPS pensioners to get pension from any bank or branch from January 1, 2025
The proposed Centralized Pension Payment System (CPPS) has been approved, allowing a national centralized system of pension payouts through any bank or branch
Published on Sep 06, 2024 09:16 AM IST
Budget 2024: Transformative approach to skill development and employment growth
The budget also has planned for financial support in the form of loans up to ₹10 lakh for higher education in domestic institutions.
Published on Aug 07, 2024 11:06 AM IST
Chiradip Bandyopadhyay
Budget 2024: Three new EPFO schemes to boost fresh manufacturing employment
Three schemes with a total allocation of ₹1.07 lakh crore aims to incentivise both employers and employees.
Updated on Jul 23, 2024 05:25 PM IST
UPSC EPFO final result announced, direct link to check on upsc.gov.in
UPSC EPFO Result: A total of 159 candidates have been recommended for appointment to the post of Assistant Provident Fund Commissioner, the UPSC said.
Published on Jul 16, 2024 08:30 AM IST
These EPF members have started receiving interest payments for FY 2023-24
EPFO said that members' interest rates are not disclosed on quarterly basis but after the end of financial year in the first quarter of ensuing financial year.
Updated on Jul 12, 2024 09:20 AM IST
EPS withdrawal rules changed: Check if you are eligible for new pension
Several EPS participants withdraw from the scheme before the necessary 10 years of service to qualify for a pension. How has this changed?
Updated on Jul 01, 2024 02:43 PM IST