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EPFO Members In 2024: The Employees’ Provident Fund Organisation (EPFO) announced on Sunday that it added 18.53 lakh net members in August 2024, reflecting a 9.07% year-on-year growth compared to August 2023. In August, the EPFO registered approximately 9.30 lakh new members, marking a 0.48% increase compared to the same period in 2023. This growth…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has reported its highest-ever monthly payroll addition in July 2024, with a 19.94 lakh members joining the ranks. This highlights a shift in India’s employment landscape, reflecting the effectiveness of the Modi Government’s transformative schemes aimed at driving job creation and formalising the job market. The EPFO…
New Delhi: Provident Fund (PF) is one of the safest investment instruments for lakhs of working-class professionals. The amount deposited in the EPF account of an investor can be withdrawn at the time of retirement, resignation and other emergency circumstances. Only in the case of resignation from service (not superannuation) a member has to wait…
Last Updated: September 04, 2024, 20:16 IST The Labour Ministry approved the introduction of a Centralised Pension Payment System (CPPS) for the Employees’ Pension Scheme (EPS) 1995. The CPPS approval marks a major milestone in enhancing the efficiency of the Employees Provident Fund Organisation. In a significant development for pensioners across the country, a new…
New Delhi: A delegation of pensioners’ body EPS-95 National Agitation Committee on Tuesday met with senior officials of the Employees’ Provident Fund Organisation to press for their long-standing demand for a minimum monthly pension of Rs 7,500. The members also demanded full medical coverage for EPS members and their spouses, the EPS-95 National Agitation Committee…
New Delhi: Employees’ Provident Fund Organisation (EPFO) has added 19.50 lakh new members in the month of May this year, which is the highest ever since the first payroll data was issued in April 2018, official figures released on Saturday showed. The total number of net additions represents a 19.62 per cent increase compared to…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has around seven crore active subscribers and it’s setting up a 24/7 multilingual contact center for them. This center will be available every day of the year and provide a single point of contact for registering complaints and seeking help with any issues. This initiative aims to…
Candidates who took the test can view the UPSC EPFO results on the commission’s website, upsc.gov.in (Representational/ PTI Photo) The UPSC stated that 159 individuals have been nominated for employment as Assistant Provident Fund Commissioner The Union Public Service Commission (UPSC) has declared the final results of the recruitment test for the position of Assistant…
New Delhi: The Ministry of Labour & Employment a new software and portal will be launched shortly to simplify the process of surrendering exemptions. In a release, the Labour Ministry said, “In an effort towards standardizing procedures, EPFO has, for the first time, published elaborate Standard Operating Procedures (SOPs) and manuals encompassing all procedures relevant…
New Delhi: In the past two years, 27 establishments have surrendered their exemption, adding about 30,000 employees and an amount of Rs 1688.82 crores to the Fund under the Employees’ Provident Fund Organisation (EPFO). Due to improved services, more establishments are surrendering their exemptions granted by EPFO, asserted the Ministry of Labour and Employment in…