The EPS-95 National Agitation Committee, which represents pensioners under the Employees’ Pension Scheme (EPS), has placed several key demands before the government. These include increasing the minimum monthly pension, providing dearness allowance (DA), free medical facilities, and implementing the higher pension benefit as per the Supreme Court’s judgment. The committee has announced that if these … Read more
The Finance Ministry has approved a proposal to increase the wage ceiling for mandatory EPF and EPS coverage from ₹15,000 to ₹25,000 per month, according to a report. The proposal will now be sent to the Union Cabinet for final approval. The new limit will come into effect only after the Cabinet gives its nod, … Read more
The Employees’ Provident Fund Organisation (EPFO) has announced a major change that could make PF withdrawals much faster for millions of employees. According to the EPFO, most PF withdrawal claims will soon be settled within 24 to 48 hours, and in many cases, the money could be credited on the same day. The organisation has … Read more
Withdrawing money from your Provident Fund (PF) could soon become much quicker. The Employees’ Provident Fund Organisation (EPFO) says that most PF claims will now be settled on the same day or within two days, eliminating the long waiting period that many members faced in the past. EPFO’s Central Provident Fund Commissioner (CPFC), Ramesh Krishnamurthy, … Read more
Changing jobs often creates a common problem for employees — forgetting details of their old EPF (Employees’ Provident Fund) accounts. To solve this issue, the government has introduced a new digital platform called E-PRAAPTI. This portal will help EPF members locate their old or inactive PF accounts, access the money, and transfer it to their … Read more
If an Employees’ Provident Fund (EPF) member passes away, the money in their EPF account does not disappear. The savings, along with eligible pension and insurance benefits, can be claimed by the nominee or legal heirs. The Employees’ Provident Fund Organisation (EPFO) allows families to submit death claims online through its portal, making the process … Read more
The Employees’ Provident Fund Organisation (EPFO) has started crediting the annual interest amount to EPF subscribers’ accounts. Many members have already received SMS notifications, while others can confirm the credit by checking their EPF passbook. If you haven’t received an SMS yet, don’t panic. The interest may have already been credited to your account. Before … Read more
If you’re thinking of withdrawing your Employees’ Provident Fund (EPF) savings and investing the money in mutual funds for potentially higher returns, you may want to reconsider. The Employees’ Provident Fund Organisation (EPFO) has issued a clear message saying that EPF and mutual funds serve different purposes and should not be treated as alternatives. According … Read more
Millions of EPFO subscribers may soon get a major digital upgrade. The Employees’ Provident Fund Organisation (EPFO) is preparing to launch an AI-powered chatbot on WhatsApp, making it easier for users to access important PF services without logging into multiple portals. According to official sources in the Labour Ministry, the new AI chatbot is expected … Read more
Good news for millions of Employees’ Provident Fund Organization (EPFO) members. You no longer need to depend on your employer to link your Aadhaar with your Universal Account Number (UAN). EPFO has made the process much simpler by allowing members to complete Aadhaar-UAN linking directly through the UMANG app. This means you can finish the … Read more
The Central Government is working on a new contributory pension scheme that could provide retirement security to workers in both the organised and unorganised sectors. The proposed scheme is expected to be introduced under the EPFO 3.0 reform programme and aims to bring millions of workers under a pension system. Unlike the existing Employees’ Pension … Read more