Epfo News - Latest Updates & Headlines
EPFO adds 16.1 lakh members in February as employment rises
New Delhi, April 21: The Employees' Provident Fund Organisation (EPFO) on Monday announced a net addition of 16.10 lakh members in February this year. The year-on-year analysis reveals a growth of 3.99 per cent in net payroll additions compared to the same month last year, reflecting increased employment opportunities and heightened awareness of employee benefits, bolstered by the EPFO's effective outreach initiatives, according to an official statement.
EPFO adds 16.1 lakh net members in February 2025
New Delhi, April 21: The Employees' Provident Fund Organization (EPFO) has reported a net addition of 16.10 lakh members in February.
EPFO members can now activate Universal Account Number via UMANG app
New Delhi, April 9: The Employees’ Provident Fund Organisation (EPFO) on Wednesday said its members can now generate a Universal Account Number (UAN) and activate it using Aadhaar Face Authentication Technology (FAT) through the UMANG mobile app.
Centre announces 2 key reforms to simplify EPFO claim settlement process
New Delhi, April 3: The Centre on Thursday announced two key reforms in the Employees’ Provident Fund Organisation’s (EPFO) claim settlement process that would significantly reduce grievances related to claim rejections.
EPFO teams up with 15 additional banks empanelled for collection of EPFO contributions taking total number to 32 banks
New Delhi, April 1: Employees' Provident Fund Organisation (EPFO) entered into agreements with 15 additional public and private sector banks in the presence of Dr Mansukh Mandaviya, Union Minister for Labour & Employment, Youth Affairs & Sports in New Delhi on Tuesday.
EPFO empanels 15 more banks for direct payment of collections
New Delhi, April 1: The EPFO on Tuesday entered into agreements with 15 additional banks, both in the public and private sector, to enable direct payment of nearly Rs 12,000 crore in annual collections and provide direct access to employers who maintain their accounts with these banks, to pay their monthly contributions.
Centre set to increase limit for auto settlement of PF withdrawal from Rs 1 lakh to Rs 5 lakh
By Shailesh Yadav, New Delhi, March 31: To expand the 'Ease of Living' of its 7.5 crore members, Employees Provident Fund Organisation (EPFO) has decided to enhance the auto settlement of advanced claim (ASAC) limit by five times from currently Rs 1 lakh, sources told ANI.
NHAI seals largest InvIT monetisation deal of over Rs 18,000 crore
New Delhi, March 26: NHAI arm National Highways Infra Trust (NHIT) has successfully concluded the fourth round of fund-raising at an enterprise value of about Rs 18,380 crore, making it the largest monetisation transaction in the history of the Indian roads sector, according to an official statement issued on Wednesday.
EPFO to allow instant PF withdrawals via UPI, ATMs by mid-2025
New Delhi, March 26: The Employees' Provident Fund Organisation (EPFO) is likely to introduce a major change that will allow its members to withdraw their provident fund (PF) instantly through UPI and ATMs by the end of May or early June 2025.
Data-pooling with ILO shows 65 pc Indians get benefits under social protection schemes
New Delhi, March 25: India has made significant strides in enhancing its social protection coverage through a comprehensive data-pooling exercise in collaboration with the International Labour Organisation (ILO). The initiative has utilised encrypted Aadhaar as a unique identifier across 34 major Central schemes such as MGNREGA, EPFO, ESIC, APY, and PM-POSHAN to process over 200 crore records to identify unique beneficiaries, the Ministry of Labour announced on Tuesday.
EPFO to integrate UPI, expand pension access, and enhance EPI benefits: Labour and Employment Secretary Sumita Dawra
New Delhi, March 25: The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at enhancing efficiency and reducing transaction time, Labour and Employment Secretary Sumita Dawra said on Monday.
From May end withdraw your PF through UPI, ATM: Labour Secretary
By Shailesh Yadav, New Delhi, March 25: In a groundbreaking development for India's workforce, the Employees' Provident Fund Organisation (EPFO) is set to introduce a revolutionary new system for Provident Fund (PF) withdrawals through Unified Payments Interface (UPI).
Ministry of Labour & Employment launches India's social protection data drive
New Delhi, March 25: India's social protection coverage increased from 24.4% in 2021 to 48.8% in 2024, according to the ILO's World Social Protection Report (WSPR) 2024-26.
In January, EPFO added 17.89 lakh net members, 18-25 age group dominates with 57.07% of total new subscribers
New Delhi, India March 20: The Employees' Provident Fund Organisation (EPFO) in January saw a net addition of 17.89 lakh members, the provisional payroll data for January 2025 shows released by Ministry of Labour and Employment said on Thursday.
EPFO adds 17.89 lakh net members in January
New Delhi, March 20: The Employees' Provident Fund Organisation (EPFO) on Thursday announced a net addition of 17.89 lakh members in January this year, which represents an increase of 11.48 per cent over the corresponding figure for December 2024.
EPFO achieves historic high of 2.16 crore auto-claims in FY25
New Delhi, March 17: EPFO achieved a historic high of 2.16 crore auto-claims settlement so far during the current financial year, up from 89.52 lakh in 2023-24, Union Minister of State for Labour & Employment, Shobha Karandlaje informed Lok Sabha on Monday.
EPFO registers historic high of 2.16 crore auto claim settlements in FY25
New Delhi, March 17: The Employees’ Provident Fund Organisation (EPFO) achieved a historic high of 2.16 crore auto claim settlements during the current financial year (up to March 6), up from 89.52 lakh in FY2023-24, the Parliament was informed on Monday.
EPFO 3.0: How can you withdraw PF amount from ATMs soon
Hyderabad, March 7: The Employees' Provident Fund Organisation (EPFO) is set to introduce a new system called 'EPFO 3.0', which will allow subscribers to withdraw their provident fund (PF) directly from ATMs.
EPFO retains interest rate on PF deposits at 8.25 per cent for 2024-25
New Delhi, Feb 28: Retirement fund body EPFO has decided to retain the interest rate on employees' provident fund deposits at 8.25 per cent for 2024-25 - the same as the previous year.
Centre mulls 'Universal Pension Scheme' to secure retirement for all Indians
New Delhi, Feb 27: The Central government is likely to introduce a Universal Pension Scheme to ensure social security for every Indian.
EPFO to process all cases for pensions on higher wages by March 31
New Delhi, Feb 26: The Employees Provident Fund Organisation (EPFO) has completed the processing of 70 per cent of applications received under Pension on Higher Wages (PoHW) and aims to complete the processing of all applications by March 31, 2025, according to an official statement issued on Wednesday.
EPFO adds 16.05 lakh net members during December 2024
New Delhi, February 25: The Employees' Provident Fund Organization (EPFO) has released provisional payroll data for December 2024, revealing a net addition of 16.05 lakh members.
16.05 lakh net members join EPFO in December, young and female payroll additions grow
New Delhi, Feb 25: The Employees' Provident Fund Organisation (EPFO) registered 9.69 per cent growth (month-on-month) in net payroll addition in December 2024 at 16.05 lakh net members, the government said on Tuesday.
EPFO achieves milestone of settling over 5 crore claims in FY 2024-25: Mansukh Mandaviya
New Delhi, February 6: Union Labour and Employment Minister Dr Mansukh Mandaviya has said that Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history in a fiscal year.
India to grow by 6.3-6.8 percent in FY26 : Economic Survey
New Delhi,, January 31: India's economy is projected to grow between 6.3 per cent and 6.8 per cent in FY26, according to the Economic Survey 2024-25, tabled in Parliament on Friday.
Union Minister Mandaviya reviews performance of EPFO's regional offices for enhanced service delivery, efficiency
New Delhi, January 25: Union Minister Mansukh Mandaviya on Friday, chaired a virtual review meeting to assess the performance of EPFO's Regional Offices, the Ministry of Labour and Employment said in a press release.
EPFO added 14.63 lakh net members in November 2024 amid growing employment
New Delhi, Jan 22: The Employees' Provident Fund Organisation (EPFO) on Wednesday announced a net addition of 14.63 lakh members in November 2024, which represents an increase of 9.07 per cent over the corresponding figure for October.
EPFO adds 14.63 lakh net members during November 2024
New Delhi, January 22: The Employees' Provident Fund Organisation (EPFO) on Tuesady released provisional payroll data for November 2024, indicating a net addition of 14.63 lakh members.
Top level EPFO meeting takes stock of CITES 2.01 to speed up claims
New Delhi, Jan 19: The Executive Committee of the EPF Central Board of Trustees at a meeting held here took up for discussion several important agenda items, including the progress in the implementation of the Centralized IT Enabled System (CITES), status of pension on higher wages and proposal for an Alternative Dispute Resolution (ADR) mechanism, according to a statement issued on Sunday.
EPFO simplifies process for funds transfer, correcting personal details
New Delhi, Jan 19: The Employees' Provident Fund Organisation (EPFO) has introduced major changes to simplify key processes for its 7.6 crore subscribers by cutting down circuitous approvals that led to delays and inconvenience.
Trade Unions demand super-rich tax, hike in corporate tax and raising income tax exemption limit to Rs 10 lakh
New Delhi, January 6: In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.
Centralised Pension Payments System rolled out in all EPFO offices across India
New Delhi, Jan 4: The EPFO has completed the full-scale rollout of the new Centralised Pension Payments System (CPPS) across all its disbursing offices in a landmark move towards enhancing pension services, the Ministry for Labour and Employment said.
Centralized Pension Payments System fully rolled out in all regional offices of EPFO
New Delhi, January 3: In a move towards enhancing pension services, EPFO completed the full-scale rollout of the new Centralized Pension Payments System (CPPS) under the Employees' Pension Scheme 1995 in December 2024.