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 EPFO 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…
Mumbai, March 25 (IANS) India is at the cusp of a new investment upcycle and domestic equities are currently trading at fair valuations relative to global peers, a new report showed on Wednesday.Nifty 50 is at approximately 20 time P/E (Price-to-Earnings) — below its recent historical averages. The valuation comfort is supported by robust macroeconomic fundamentals, including expected GDP growth of 7.3–7.5 per cent and steady earnings expansion, according to the report by Emkay Global Financ…
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…
Mumbai, Feb 12 (IANS) As the nationwide Bharat Bandh is being held to protest what a group of unions describe as anti-worker, anti-farmer and pro-corporate policies of the Centre, a legal adviser to the Forward Seamen’s Union of India (FSUI) in Mumbai on Thursday said the government’s labour policies contain several positive provisions and are especially beneficial for millions of workers in the unorganised sector. The Bharat Bandh, led by a coalition of 10 central trade unions and supported b…
New Delhi, Feb 9 (IANS) The government is working on trials with banks to operationalise employees’ provident fund (PF) withdrawals via automated teller machines (ATMs), with a likely date to make it applicable from April, for ease of service.The employees’ PF will also be open to withdrawals via the use of unified payments interface (UPI), apart from ATMs, according to an NDTV profit report, citing Labour Ministry sources.There was, however, no official communication yet from the government.Acc…
New Delhi, Jan 20 (IANS) Around 81 per cent of employers in India said they were aware of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), with large organisations accounting for 83 per cent of this awareness, a report said on Tuesday.The staffing conglomerate TeamLease Services stated in the report that only 5.4 per cent of start-ups and micro businesses, which stand to benefit most from hiring incentives of up to Rs 3,000 per employee per month, were aware of the scheme.Through PM-VBR…
New Delhi, Jan 9 (IANS) The Indian economy is in good shape with an expected growth of 7.5 per cent or higher in the current financial year and jobs are being created at a fast pace, so the Budget for 2026-27 must keep up the “focus on jobs, jobs, and jobs”, business leader and former Infosys board member TV Mohandas Pai said.In an interaction with IANS, Pai pointed out that 1.2 to 1.4 crore new people are joining EPFO, paying money with Aadhaar. “Don’t believe all these leftist JNU people who s…
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…