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New Delhi: The Union Government is actively examining a proposal to increase the minimum pension under the Employees’ Pension Scheme (EPS), 1995), aimed at improving retirement income for millions of pensioners across the country. Currently, the minimum pension stands at Rs 1,000 per month, a figure that has remained unchanged for years despite rising living…
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) approved a set of landmark reforms at its 238th meeting held in New Delhi on October 13, according to the Ministry of Labour and Employment. The meeting was chaired by Union Minister for Labour and Employment, Dr Mansukh Mandaviya and attended by…
New Delhi: The Ministry of Labour and Employment on Monday said it has launched the ‘Employees’ Enrolment Campaign, 2025′ (EEC 2025) — a major initiative to increase the number of workers under the ambit of organised social security through the EPFO. The scheme will be operational from November 1, 2025, to April 30, 2026. This…
New Delhi: The Central Board of Trustees (CBT), the top decision-making body of the Employees’ Provident Fund Organisation (EPFO), will convene in Bengaluru on October 10–11 to consider several major policy decisions, including a possible increase in the minimum monthly pension under the Employees’ Pension Scheme (EPS-95). Key Topics on the Table One of the…
New Delhi: Withdrawing money from your PF account through an ATM sounds convenient, right? While this feature was one of the most exciting promises of the upcoming EPFO 3.0 upgrade, it looks like members may have to wait a little longer. According to a Moneycontrol report, the much-talked-about facility is expected to roll out only…
New Delhi: Starting January 2026, EPF subscribers might be able to access their provident fund savings directly from ATMs. The Employees’ Provident Fund Organisation (EPFO) is expected to introduce this convenient facility at the beginning of the new year, making it easier for members to withdraw funds when needed, according to a report by Moneycontrol….
New Delhi: The Employees’ Provident Fund (EPF) is a compulsory savings and retirement plan for employees. This plan serves as a financial safety net, providing employees with a lump sum corpus after retirement. While the primary purpose of the EPF is retirement savings, it has provisions for premature withdrawals. Premature withdrawal is permitted under specific…
New Delhi: Retirement fund body EPFO has introduced a new facility –‘Passbook Lite’ — that will enable members to easily check their passbook and related summarised employees’ provident fund (EPF) contributions, withdrawals. Passbook Lite is a simple and convenient format that is enabled in the member portal itself. Currently, members have to login to the…
The Employees’ Provident Fund Organisation (EPFO) has rolled out two key reforms aimed at making life easier for its members: ‘Passbook Lite’ for quicker balance checks and online access to Annexure K, a crucial transfer certificate for job changers. Together, these changes are designed to improve transparency, reduce grievances, and simplify access to PF details….
New Delhi: Employees’ Provident Fund Organisation (EPFO) Members can apply for their PF withdrawal claims in full and in advance for various purposes. PF subscriber can apply for withdrawal both partially and fully. While a full withdrawal is generally permitted upon retirement or after two months of unemployment, partial withdrawals can be sought for medical…