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Last Updated:July 01, 2026, 07:46 IST NCLAT upheld the rights of hundreds of former Jet Airways employees to receive these statutory benefits outside the airline’s liquidation estate. Jet Airways Employees Get Major Relief as NCLAT Orders Full PF, Gratuity Payout The National Company Law Appellate Tribunal (NCLAT) on Tuesday held that workmen are entitled to…
The Employees’ Provident Fund Organisation has started introducing its new system, known as EPFO 3.0, which aims to modernise the retirement savings framework for salaried workers across India. This latest update is designed to offer faster and much simpler digital services for more than seven crore subscribers. UPI Withdrawals, Faster Digital Claims Rollout Under the…
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 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: 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: 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…
The Employees’ Provident Fund Organisation (EPFO) has announced an extension of the deadline for Universal Account Number (UAN) activation and Aadhaar linking with bank accounts until June 30, 2025. This extension is crucial for employees aiming to benefit from the Employment Linked Incentive (ELI) scheme. WHAT’S THE ELI SCHEME ALL ABOUT? The ELI scheme was…
New Delhi: If you’re a salaried employee contributing to a PF account every month, here’s something you should know. In times of financial need, your PF savings can be a big help. However, many people face rejection when trying to withdraw their EPF—often due to small, avoidable mistakes. The good news? These issues can be…