New Delhi, April 29 (IANS) In a major boost to ease of access and digital transformation, the Employees’ Provident Fund Organisation (EPFO) has recorded its highest-ever claim settlements in the financial year 2025–26.According to official data, EPFO settled 8.31 crore claims during 2025–26, a significant jump from 6.01 crore claims in FY 2024–25.A large portion of these — 5.51 crore claims — were advance or partial withdrawals, indicating improved accessibility for members to use thei…
Latest Central Board of Trustees News & Updates
New Delhi, March 23 (IANS) The Employees’ Provident Fund Organisation (EPFO) is reportedly preparing to step up efforts to clear unclaimed funds parked in inactive accounts, with plans to roll out an automated settlement system.Under the proposed mechanism, balances lying unclaimed in such accounts will be credited directly to subscribers’ Aadhaar-linked bank accounts, removing the need for filing claims.In the first phase, around 25 per cent of Aadhaar-verified inactive accounts are expected …
New Delhi, March 2 (IANS) The Employees’ Provident Fund Organisation (EPFO) on Monday approved an interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2025-26, retaining the same rate for the second year in a row, according to an official statement.The decision was taken at the 239th meeting of the Central Board of Trustees in the national capital, chaired by Union Labour and Employment Minister Mansukh Mandaviya. The meeting was attended by Minister of State Shobha…
New Delhi, Jan 5 (IANS) The Supreme Court on Monday directed the Central government and the Employees’ Provident Fund Organisation (EPFO) to decide, within four months, on revising the wage ceiling under the Employees’ Provident Fund Scheme (EPFS), which has remained unchanged for the past 11 years. A Bench of Justices J.K. Maheshwari and Atul S. Chandurkar passed the directions while hearing a public interest litigation (PIL) highlighting that the stagnant wage ceiling has resulted in a lar…