Provident Fund

Retirement fund body EPFO is preparing to empanel new partner agencies and appoint a fresh custodian, as it revamps investment, audit and management arrangements

Subscribers of retirement fund body EPFO will be able to withdraw their employees' provident fund (EPF) directly into their bank accounts through UPI payment gateway using its newly designed mobile application to be launched in April this year, a top source said. The labour ministry is working on a project where a certain proportion of the EPF will be frozen, and a large chunk will be available for withdrawal through their bank account using Unified Payment Interface (UPI), the source told PTI. The source further informed that the Employees' Provident Fund Organisation will roll out a new mobile phone application through which the member would be able to withdraw their EPF money using UPI gateway as well as avail other services like passbook balance. Currently, the member uses either the Universal Account Number (UAN) portal or the UMANG app to access their EPF accounts and avail of their services. The source said that these services will remain available on both platforms, while t

Retirement savings streamlined by removing 12% tax ceiling on employer Provident Fund contributions and providing companies with a compliance cushion for tax deductions on employee welfare deposits

Over time, many recipients moved away or died, leaving heirs unaware that any assets were due

An officers' union of the retirement fund body EPFO has sought withdrawal of a provision which enables the appointment of officers on deputation in a newly-constituted panel set up for cadre restructuring. The EPF Officers' Association (EPFOA) has written a letter to the Central Provident Fund Commissioner (CPFC) of the Employees' Provident Fund Organisation, Ramesh Krishnamurthi, seeking the removal of the deputation clause from the terms of reference (TOR) of the cadre restructuring (CR) committee constituted by the EPFO on November 25. The letter said that earlier the EPFOA had challenged the practice of appointing officers on deputation and had got a favourable judgement from the Central Administrative Tribunal (CAT) in 2007. Another case has also been filed by EPFOA against such improper appointment, and it is currently pending before the Punjab & Haryana High Court, it said. Despite this, whenever there is talk of cadre restructuring (CR) in EPFO, the issue of deputation is .

In a major move that’s set to make life easier for over seven crore salaried Indians, the Employees’ Provident Fund Organisation or EPFO has announced major changes to its withdrawal rules

The Employees’ Provident Fund Organisation (EPFO) has clarified new withdrawal rules after facing public confusion and backlash.

EPFO says members can withdraw 75% of their PF immediately after job loss, while the remaining 25% can be taken only after 12 months of continuous unemployment to preserve pension benefits

The clarification comes after EPFO's revised withdrawal norms, announced on Monday, drew criticism on social media

The Ministry of Coal said the proposed bill takes into account recent developments in labour codes, digitalisation, social security, wages, and working conditions

The 50:50 split is highly effective for those navigating competing responsibilities: supporting children, managing loans, and caring for elders, while dreaming of vacations and legacy.

EPFO has instructed offices not to reject PF settlement claims but to process part payments, with balances to be paid once full contributions are received

'Passbook Lite' allows members to quickly view a summary of contributions, withdrawals, and current balance without needing to open the separate passbook portal

Retirement fund body EPFO recorded a 13.46 per cent year-on-year growth in net member addition of 21.89 lakh in June, according to the latest payroll data released on Wednesday. The Employees' Provident Fund Organisation's (EPFO) provisional payroll data for June 2025 showed a net addition of 21.89 lakh members, marking the highest recorded addition since payroll data tracking began in April 2018, a labour ministry statement said. On a month-on-month basis, net payroll additions increased 9.14 per cent, it added. The year-on-year analysis reveals a growth of 13.46 per cent in net payroll additions in June 2025 compared to June 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives, the statement said. EPFO enrolled around 10.62 lakh new subscribers in June 2025, representing a 12.68 per cent increase over May 2025 and a 3.61 per cent growth year-on-year. This rise in new subscribers can

EPFO's cadre restructuring panel to meet unions to discuss staff shortages, workload, and career progression; IIT Delhi report on tech-led reforms due by December

The move allows EPFO's 75 million subscribers to withdraw advances for education, illness, marriage and housing without human intervention up to ₹5 lakh

Many salaried people forget old EPF accounts, leading to lost interest and hassle. Learn how to reactivate dormant EPF accounts and keep your retirement money working for you

Missing or incorrect employer contributions to your EPF can affect your retirement savings. Here's how to spot discrepancies and take action to fix them

Manage your retirement savings more efficiently and avoid future hassle by following this simple process

At 8.25 per cent, EPF remains one of the most attractive debt-based investment instruments