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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…
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…
New Delhi: Retirement fund body Employees’ Provident Fund Organisation (EPFO) has issued a circular regarding enhancement of Ex Gratia amount under Death Relief Fund to Rs. 15 Lakh in the event of death of an employee of the Central Board. In its latest circular issued on 19 August 2025, EPFO said, it is “directed to convey the…
New Delhi: If you are GenZ and starting your new job in a company, you must know about EPFO benefits that you can avail throughout your service career. If the company you join is under EPFO and your salary is above Rs 15K, you will get mandatory membership of EPF, EDLI and pension scheme. Here…
New Delhi: The PF subscriber is required to be registered on Member Portal to file the Transfer Claim online. The pre-requisite conditions to file the Transfer Claim online include that both previous and present member IDs i.e, PF Account number should be available in EPFO database. Additionally, the employer should have registered the digital signature…
New Delhi: Digital Locker, one of the key initiatives under the Digital India initiative, is aimed at eliminating the usage of physical documents and enable sharing of e-documents across government agencies via a mechanism to verify “authenticity” of the documents online. These digitally signed documents can be hared with Government organizations or other entities. EPFO…
New Delhi: The Ministry of Labour and Employment notified the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2025 (EDLI Scheme), thus relaxing the criteria for getting Rs 50,000 payout in the event of death of PF subscriber. The EPFO notification said that in the event of death of an employee under during the preceding twelve months or…
New Delhi: Amidst the much-anticipated reforms in the EPFO services with an EPFO Version 3.0 in the offing, the Ministry of Labour & Employment on Tuesday enhanced auto-settlement limit for advance claims to Rs 5 lakhs, ensuring faster access to funds for members. The EPFO Version 3.0 is also expected to undergo numerous changes with…
No news Business Business News Update, Share Market, Gold Silver, Petrol Diesel, PF, Starlink New Delhi13 minutes ago Copy link Yesterday’s big news was related to Provident Fund. For FY 2024-25, 8.25% interest will be available on the amount deposited in PF account. The Finance Ministry has approved the Employees Provident Fund Organization (EPFO) for…