Employees Provident Fund

EPFO members likely to get 8.25% interest credit for FY26 this month

After ratification by the government, interest likely to be credited to more than 70 million contributing members

Govt ratifies 8.25% EPF interest rate for FY26, to be credited this month

The government has ratified 8.25 per cent rate of interest on employees' provident fund (EPF) deposits for 2025-26, which is likely to be credited to over seven crore contributing members this month, a source said on Thursday. EPFO provides the rate of interest on EPF after it gets ratified by the government through the finance ministry. The source told PTI that the finance ministry has given its concurrence to 8.25 per cent rate of interest fixed by Central Board of Trustees (CBT), the apex decision making body of the Employees' Provident Fund Organisation (EPFO). Earlier on March 2, 2026, the CBT in a meeting chaired by the Union Labour Minister Mansukh Mandaviya had decided to fix 8.25 per cent rate of interest for the financial year 2025-26, marking the third consecutive year this rate has been maintained. Thereafter the proposal was sent to the finance ministry for concurrence as the guarantor of the EPF is the Government of India. The source said that the finance ministry ha

You may already have ₹7 lakh life insurance. Here’s how | EDLI scheme

The Employees’ Deposit Linked Insurance Scheme (EDLI) is a life insurance cover linked to the EPF account, offering up to ₹7 lakh benefit to the registered nominees

EPFO plans risk-based inspection to replace discretionary checks

New framework will replace discretionary inspections with technology-driven compliance checks based on data analysis and risk profiling

Supreme Court asks Centre to consider revising EPF wage ceiling of ₹15,000

The Supreme Court on Monday asked the Centre to consider taking a decision within four months on the revision of wage ceiling for the Employees Provident Fund Scheme (EPFO) which has not been revised in the last 11 years. A bench of Justices J K Maheshwari and A S Chandurkar passed the order on a plea filed by activist Naveen Prakash Nautiyal claiming that the Employees Provident Fund Organisation (EPFO), which administers social security schemes for employees, currently excludes from coverage those whose wages exceed Rs 15,000 per month. Advocates Pranav Sachdeva and Neha Rathi, appearing for the petitioner, said the wage revision has not taken place in over a decade despite the fact that the minimum wage notified by the central government and by various states is more than the EPFO wage ceiling of Rs 15,000 per month. Sachdeva said this has deprived the majority of workers of the benefits and protection of the EPFO scheme, which is essentially a social welfare scheme. The petitio

EPFO revises PF withdrawal rule: 75% after job loss, rest after 12 months

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

75% withdrawal allowed after job loss, full after a year, clarifies EPFO

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

EPFO adds 2.1 mn members in July 2025, youth account for 61% of growth

Retirement fund body EPFO added 21.04 lakh net members during July 2025, registering an increase of 5.55 per cent year-on-year, according to the latest payroll data released on Tuesday. The Employees' Provident Fund Organization (EPFO) enrolled around 9.79 lakh new subscribers in July 2025, mainly on account of growing employment opportunities, increasing awareness of employee benefits, and EPFO's successful outreach programs, a labour ministry statement said. The year-on-year analysis reveals a growth of 5.55 per cent in net payroll additions compared to July 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives, the statement added. EPFO added 5.98 lakh new subscribers in the 18-25 age group, constituting a significant 61.06 per cent of the total new subscribers added in July 2025. Further, the net payroll addition for the 18-25 age group for July 2025 was approximately 9.13 lakh, ...

Viewing EPF passbook just got easier as EPFO unveils 'Passbook Lite'

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

96% of EPFO members received interest for FY25: Mansukh Mandaviya

Labour Minister Mansukh Mandaviya confirmed that 96% of EPFO members have received their interest for FY25, with nearly Rs 4,000 crore credited to accounts in less than two months

Filing your income tax return? Here are some major mistakes to avoid

Filing errors can result in tax notices, interest and penalty charges, not to mention delays in getting your refund

EPFO warns zonal and regional offices over delay in relieving transfers

EPFO has warned its offices that non-compliance with staff transfer orders will be treated as insubordination and attract severe disciplinary action under civil service rules

Allow gig workers the option to choose between EPF and NPS schemes

If millions of gig workers are forced into EPF without the option of NPS, complaints about the system's inefficiencies will intensify as its shortcomings inevitably emerge

Fresh formal hiring up 2% in March after three-month decline: EPFO data

EPFO saw a 2% rise in new subscribers in March, ending a 3-month decline. The 18-25 age group made up 59% of additions, signalling labour market resilience

Fresh formal hirings decline by 10% in February, shows EPFO data

The EPFO data is considered crucial as it reflects the state of the formal labour market, and only the formal workforce enjoys social security benefits and is protected by labour laws

Name-based search: Key to unlocking unclaimed assets across sectors

A dedicated authority - focused on returning these assets - would be better positioned to overcome the psychological resistance that regulators have, to enabling searches based on names

Right taxsavers: Align choice with risk appetite, asset allocation & goals

Unit linked insurance plans (Ulips) and the National Pension System (NPS) can have varied risk levels, depending on their equity-debt mix

EPFO retains 8.25% interest rate on employees' PF deposits for 2024-25

Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for 2024-25, sources said. In February 2024, the Employees' Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its over seven crore subscribers, from 8.5 per cent in 2020-21. The 8.10 per cent rate of interest on EPF for 2020-21 was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent. "The EPFO's apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2024-25 at its meeting on Friday," a source said. The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by CBT in March 2021. After the CBT's decision, the interest rate on EPF deposits for 2024-25 will be

Budget 2025: Spend some, use rest to retire debt and secure long-term goals

A few instruments, which offer tax deduction, remain relevant even for taxpayers in the new regime

EPFO 3.0 rollout by June: Know how it will benefit members

Technology update will incorporate features similar to those offered by banks