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 Employees’ Provident Fund Organisation News & Updates
New Delhi, April 28 (IANS) Staffing services provider TeamLease Services has received a show-cause notice from the Employees’ Provident Fund Organisation (EPFO) over an alleged fund management dispute involving about Rs 185 crore, the company said in an exchange filing on Tuesday.The notice — dated April 13 and received on April 23 — flagged certain contraventions related to the administration and management of funds by the Employees’ Provident Fund Trust.According to the filing, major obser…
Srinagar, April 1 (IANS) The Central Bureau of Investigation (CBI) on Wednesday arrested two public servants, including a senior officer of the Employees’ Provident Fund Organisation (EPFO), in connection with a bribery case in Srinagar, officials said.The arrested individuals have been identified as Vinay Kumar, serving as Regional Provident Fund Commissioner (RPFC) at the EPFO office in Batmaloo, and Amin Sofi, a Senior Security Assistant posted at the same office.According to officials, the…
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/London, Feb 10 (IANS) India and the United Kingdom of Great Britain and Northern Ireland signed an agreement on social security relating to Social Security Contributions in New Delhi on Tuesday. The agreement seeks to avoid double social security contributions for employees of both countries on temporary assignments in each other’s territories for periods of up to 36 months. The Agreement was signed by Foreign Secretary Vikram Misri for the Indian side and by the British High Commiss…
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…