Page 2 - Epfo

High-level panel to review RBI advisory on EPFO's investment practices

The committee with members from RBI, Labour and Finance Ministries will draft a roadmap to improve EPFO's fund management and accounting practices

EPFO liberalises EPF partial withdrawals; members can withdraw up to 100%

The board of retirement fund body EPFO on Monday approved liberalised part withdrawals for its more than seven crore subscribers, allowing up to 100 per cent EPF withdrawal. The Central Board of Trustees (CBT), the apex decision-making body of EPFO, headed by Labour Minister Mansukh Mandaviya, took several path-breaking decisions during its meeting, a Labour Ministry statement said on Monday. To enhance the Ease of Living of EPF members, the CBT decided to simplify the partial withdrawal provisions of the EPF Scheme by merging 13 complex provisions into a single, streamlined rule categorised into three types, namely, Essential Needs (illness, education, marriage), Housing Needs and Special Circumstances. Now, members will be able to withdraw up to 100 per cent of the eligible balance in the Provident Fund, including employee and employer share. Withdrawal limits have been liberalisededucation withdrawals allowed up to 10 times and marriage up to 5 times (from the existing limit of

EPFO plans new benchmarks for EPF, EPS, and EDLI investment returns

EPFO presently assesses the performance of its multiple fund managers on the basis of an evaluation conducted by its consultant Crisil Limited based on portfolio yields and asset quality

EPFO launches slogan contest, offers Rs 21,000 prize: How to participate

Tagline should sum up pension manager's mission of social security, trust and financial empowerment

Got higher PF deductions? You may now claim a bigger pension: HC ruling

Kerala HC delivers relief to retirees: "Once EPFO takes your money, it must pay higher pension"

Misusing your PF? EPFO says it can recover money with interest

EPFO warns members against false PF claims, saying withdrawals for wrong reasons can invite recovery, penalties and a ban on future advances

EPFO launches revamped ECR to streamline return filing by employers

Among other things, the revamped facility provides for the segregation of the return submission process from the payment generation process

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, ...

EPFO directs zonal, regional offices to allow part payments on PF claims

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

EPFO's new 'Passbook Lite' makes PF tracking easier, claim process quicker

EPFO launches Passbook Lite: Pension manager integrates services under one login and provides summary view of passbooks

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

EPFO 3.0 may bring UPI, ATM transactions and higher pensions in Oct

Board meeting of pension manager could hike minimum payout to Rs 1,500-2,500 monthly, giving festive relief to 80 mn members

Madras HC sets aside EPFO circular, clears path for higher pension claims

The Madurai bench of Madras HC has struck down an EPFO circular that blocked retrospective PF trust rule changes, enabling employees of exempted firms to seek higher pensions

India's informal workforce moves towards formalisation, shows govt data

The country's informal labour force is slowly moving towards formalisation as the Employees' Provident Fund Organization (EPFO) recorded the highest-ever enrolment in 2024-25, driven by young additions to the workforce, a report said on Monday. While 80 per cent of India's 570 million workers are still in the informal economy, formalisation is steadily gaining momentum, a report by Quess Corp on "India's Workforce Trends & Quess Corp Role in Formalisation" has revealed. It stated that the EPFO recorded 139.78 lakh net new subscribers in FY25, its highest ever, which is over double the 61 lakh enrolments seen in FY19. Quess contributed 1.33 lakh new Universal Account Numbers during the year, which represents about 1 per cent of all national additions, it added. According to the report, 61 per cent of all new EPFO subscribers in FY25 were under 29 years of age, with nearly half of them between 18 and 25 years. It revealed that formal jobs are increasingly becoming the first career .

Labour Ministry, MoSPI to track impact of new job creation scheme

Labour Secretary Vandana Gurnani urges collaboration with MoSPI to assess the impact of PM VBRY on job creation, as officials highlight PLFS reforms, data granularity and real-time insights

From PF passbook to pension claims: Here's how Umang app can help you

From checking PF balance to securing pension continuity, Umang brings key EPFO services to your phone

Major EPFO update: Death relief fund raised to Rs 15 lakh from April 2025

EPFO hikes ex-gratia for employees' families to Rs 15 lakh; benefit to rise 5 per cent annually from 2026 in step with costs

EPFO reports record net addition of 2.2 mn members in June, up 13.46%

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

When can you tap into your PF savings? EPFO withdrawal rules explained

From job loss to medical bills or marriage, know when and how much you can withdraw from your provident fund without hurting your retirement savings

EPFO rule change: easier Aadhaar-UAN link, faster payouts for families

EPFO's recent rule tweak promises hassle-free Aadhaar-UAN linking and quicker PF claim settlements, bringing faster relief to members and families in need.