Page 3 - Epfo

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.

Thinking of withdrawing EPF? You don't have to submit documents for claims

If your KYC is complete and information matches EPFO records, you can skip paperwork

EPFO numbers up, but social-security measures remain stuck in the past

While the absolute increase in formal-sector employment looks encouraging, the additions are not on a scale that would make any significant change in overall employment conditions

RTI could help you in knowing EPF claim status: How to file an application

Employees' Provident Fund Organisation obliged to reply to application within 30 days

Can the employment-linked incentive scheme address India's jobs challenge?

The ELI scheme aims to support employment generation of more than 35 million jobs in two years with an outlay of Rs 1 trillion

EPFO posted record net member addition in May at 2 million, shows data

New subscriber enrolment swelled notably: about 0.94 million fresh employees joined EPFO in May, representing an 11 per cent increase over April

EPFO reports record payroll addition of 2 million members in May 2025

Retirement fund body EPFO added all-time high 20.06 lakh net members in May 2025, which includes 9.42 lakh new employees, as per the payroll data released on Monday. This is 4.79 per cent higher as compared to April 2025 and 2.84 per cent more on year-on-year basis. The May figure marks the highest recorded addition since payroll data tracking began in April 2018, a labour ministry statement said. Union Minister of Labour & Employment Mansukh Mandaviya said the EPFO's all-time high net member addition in May 2025 is a testament to the growing strength of India's formal employment landscape. "This historic achievement is the direct result of Prime Minister Narendra Modi's visionary leadership and the government's unwavering commitment to pro-youth, pro-worker reforms," he added. The EPFO enrolled around 9.42 lakh new subscribers in May 2025, representing 11.04 per cent increase over April 2025. This increase in new subscribers can be attributed to growing employment ...

EPFO grievance portal: Step-by-step guide to raise and track complaints

Facing issues with PF withdrawals or transfers? Here's how to use EPFO's online grievance portal to register complaints and track their status easily from home.

EPF interest not showing in your account yet? Here's what you can do

EPFO has started crediting FY25 interest but delays in passbook updates are worrying some subscribers

PF transfer after a job change: Here's the process and why it matters

Here's a quick guide to the online process, rules, and why it's smarter than starting over.

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

ELI scheme to boost job creation, social security, says official

The Employment Linked Incentive (ELI) announced in the budget for 2024-25 with an outlay of Rs one lakh crore, will promote job creation and provide social security, an official of Employees' Provident Fund Organisation (EPFO) said on Tuesday. Regional PF Commissioner-I Randhir Kumar said that the scheme is aimed at incentivising creation of 3.5 crore jobs over a period of two years, that it will be effective from August 1, 2025, and to continue till July 31, 2027. He said out of the total of 3.5 crore, 1.92 crore beneficiaries will be first-timers entering the workforce. Kumar said the thrust of the scheme is on the manufacturing sector, adding that you get benefits under the scheme, the establishments need to be registered with the EPFO. For first-time employees, the scheme provides for a maximum amount of Rs 15,000 per annum to be paid in two instalments. The employers will also get incentives by getting an amount of Rs 3,000 per month for each additional and sustained employme