The claim settlement process in the Employees’ Provident Fund Organization (EPFO) has now become simpler. On Thursday, the central government announced two major reforms to make the process easier and reduce the chances of claim rejections. One of the key changes is that EPFO has removed the need to upload a photo of a cheque … Read more
Good news for government employees! The Employees Provident Fund Organization (EPFO) has announced a significant change. The limit for the Auto Settlement Advance Claim (ASAC) has been increased from Rs 1 lakh to Rs 5 lakh. This decision is expected to benefit EPFO members, allowing them to claim a higher advance from their Provident Fund. … Read more
If you work in a government or private sector and have a Provident Fund (PF) deduction every month, this update is important for you. The Employees Provident Fund Organization (EPFO) is set to introduce UPI-based claim processing, making fund transfers faster and more convenient. According to Labor and Employment Secretary Sumita Dawra, EPFO will integrate … Read more
If you are an employee whose Provident Fund (PF) is deducted every month, this news is important for you. The Employees’ Provident Fund Organisation (EPFO) has significantly improved the settlement process for advance withdrawal claims. Currently, 60% of these claims are being settled through an automated payment system. As a result, 2.16 crore claims have … Read more
If you work in a company and are a member of the Employees Provident Fund (EPF), the Employees Deposit Linked Insurance (EDLI) scheme is an essential social security cover for your family. Recently, the Employees’ Provident Fund Organization (EPFO) introduced three major changes to this scheme, offering better benefits to employees’ families. What is the … Read more
If you are employed, this news is crucial for you. The Employees’ Provident Fund Organization (EPFO) has introduced significant changes to the Employees’ Deposit Linked Insurance (EDLI) scheme. These changes were approved in the 237th meeting of the Central Board of Trustees (CBT), chaired by Union Labor Minister Mansukh Mandaviya. Minimum Benefit for Early Deaths … Read more
This week is important for about 7 crore account holders of the Employee Provident Fund Organization (EPFO), which handles the social security scheme. The Central Board of Trustees (CBT) of EPFO is scheduled to meet on Friday, 28 February 2025, to determine the interest rate on the Employee Provident Fund (EPF) for the financial year … Read more
The Employee Provident Fund Organization (EPFO) has extended the deadline for linking the Universal Account Number (UAN) and bank account with Aadhaar. Now, employees and companies have until 15th February to complete this important task. This deadline has been pushed multiple times, with the previous date being 15th January. Importance of Linking UAN and Bank … Read more
The new year brings good news for pensioners, as they no longer have to worry about delays or restrictions in receiving their pension. From January 1, 2025, a significant update will improve how pension withdrawals work for employees under the Employees Provident Fund Organization (EPFO). Pensioners Can Withdraw from Any Bank Starting in 2025, EPFO … Read more
In a welcome change for 7 crore active subscribers of the Employee Provident Fund Organization (EPFO), EPF members will now earn more interest on their deposited money during claim settlement. This is due to a recent rule change by EPFO, which also aims to speed up the settlement process of provident fund claims. New EPF … Read more
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) recently met for its 236th meeting, led by Union Minister Mansukh Mandaviya. During the meeting, several important changes were approved to increase the benefits for EPFO members and make the process easier. New ETF Redemption Policy and Investment Guidelines The CBT has … Read more