New Delhi: In a major boost to employee benefits, the Employees’ Provident Fund Organisation (EPFO) has increased the auto-settlement limit for advance claims from the existing ₹1 lakh to ₹5 lakh. This significant move is expected to benefit lakhs of EPFO members by enabling faster access to funds, especially during urgent financial needs. The auto-settlement…
New Delhi: The Central Government has intensified its efforts to streamline welfare schemes by mandating Aadhaar Payment Bridge transactions and 100% biometric Aadhaar authentication for subsidy and incentive payments. The Ministry of Labour and Employment, in alignment with this initiative, has directed the Employees’ Provident Fund Organisation (EPFO) to launch a campaign ensuring Universal Account…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has released provisional payroll data for August 2024, revealing a net addition of 18.53 lakh members during the month. This represents a 9.07% year-on-year growth compared to August 2023, highlighting the growing employment opportunities and heightened awareness of employee benefits across the country. New Membership Surge In…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) conducted a country-wide consultation with its Zonal and Regional Offices, focusing on the Government’s recently announced Employment Linked Incentive Scheme. This scheme, which was introduced in the Union Budget 2024, aims to boost job creation and incentivize employment across various sectors. As directed by the Ministry of…
New Delhi: Union Minister of Labour & Employment and Youth Affairs & Sports today released the Employees’ Provident Fund Organisation (EPFO) provisional payroll data for July 2024, highlighting a significant surge in membership growth. EPFO added a record-breaking 19.94 lakh net members in July, the highest increase since payroll data tracking began in April 2018. Key…
New Delhi: In a groundbreaking move towards modernizing the Employees’ Provident Fund Organisation (EPFO), Union Minister of Labour and Employment, Dr. Mansukh Mandaviya, has approved the proposal for a Centralized Pension Payment System (CPPS) for the Employees’ Pension Scheme, 1995. This new system marks a significant advancement by establishing a national-level centralized mechanism, allowing pension…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has reported a substantial net addition of 19.50 lakh members in May 2024, marking the highest monthly increase since EPFO began releasing payroll data in April 2018. A year-over-year analysis reveals a 19.62% growth in net member additions compared to May 2023. This surge can be attributed to…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data for April 2024, revealing a significant addition of 18.92 lakh net members. This marks the highest net member addition since the EPFO began publishing payroll data in April 2018, representing a 31.29% increase from March 2024. Year-on-year analysis shows a 10% growth…
New Delhi: In a crucial step towards enhancing the efficiency and effectiveness of the Employees’ Provident Fund Organisation (EPFO), Sumita Dawra, Secretary, Ministry of Labour & Employment, chaired a review meeting focused on recent reforms in the organization. The meeting was attended by Neelam Shami Rao, Central Provident Fund Commissioner (CPFC), along with other senior…
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has significantly improved the ease of living for its more than 78 lakh pensioners by adopting advanced digital technologies for the submission of Life Certificates. Previously, pensioners had to physically visit banks to submit their life certificates, which posed various challenges and grievances. To address these issues,…
