Page 2 - Provident Fund

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

Centre proposes bill to replace Coal Mines PF Act, boost worker welfare

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

How to use festive bonus to build long-term financial security

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 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

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 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

EPFO to meet staff unions on Friday for cadre restructuring talks

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

EPFO increases auto settlement limit for advance claims to ₹5 lakh

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

Inactive EPF account: Here's how to reactivate or withdraw your savings

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

EPFO contribution mismatch? Here's how to sort out employer errors

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

Do you have multiple PF accounts? Here's a step-by-step guide to merge them

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

Govt keeps EPF rate at 8.25% for FY25: Here's what it means for you

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

Govt ratifies interest rate at 8.25% on employees' provident fund for FY25

The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. The approved rate of interest for 2024-25 was sent for concurrence of the Ministry of Finance. "Ministry of Finance has given concurrence to 8.25 per cent rate of interest on the EPF for 2024-25 fiscal year and labour ministry sent a communication regarding this to the EPFO on Thursday," a labour ministry official told PTI. Now the interest amount as per the rate ratified for FY25 will be credited into the accounts of over seven crore subscribers of EPFO. The decision on interest rate was taken at the 237th meeting of the central board of ..

Parl panel flags non-contribution by pvt sector employers in employees' PF

A Parliamentary Committee on Thursday pointed out non-payment of contribution by private sector employers towards their employees' provident fund and asked the government to take up the matter with EPFO in case any such grievances are received. The observation was recorded by the Department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice in its 146th report, tabled in Parliament on Thursday, on the Demands for Grants (2025-26) pertaining to the Department of Administrative Reforms & Public Grievances (DARPG) and Department of Pension & Pensioners' Welfare. "It has come to the notice of the Committee, that in the form of public grievances a large number of employees who work in private sector where funds are under the watch of EPFO, the employer do not pay their share of contribution and even sometimes do not even pay the employees' contribution as well," the report said. The panel said some of the private sector organisations have made

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

EPFO processes over 50.8 million claims in FY25: Mansukh Mandaviya

Auto claim settlements also doubled to 18.7 million from 8.92 million claims settled in the previous financial year

Reform inefficient succession processes to ease burden on grieving families

The inefficiency of current succession processes not only frustrates grieving families but also undermines the government's ease-of-living agenda

Transforming EPFO: Can it pivot into a user-friendly organisation?

With the number of rejections rising to almost a third of claims, the government is taking steps to radically reform the country's largest social security platform in order to ease payouts of benefits

SpiceJet clears Rs 160 crore pending employee provident fund dues

SpiceJet on Friday said it has cleared all employee provident fund dues worth Rs 160.07 crore that were pending for over two years. The low-cost carrier, which has been facing multiple headwinds, recently raised Rs 3,000 crore, following which it has been clearing statutory, GST (Goods and Services Tax) and other dues. Employee provident fund dues amounting to Rs 160.07 crore, spanning over two years, have been cleared, the airline said in a release. According to the release, since October, SpiceJet has been utilising its internal cash flows to meet its statutory obligations, including provident fund and TDS (Tax Deduction at Source) payments, the release said. The airline has also resolved various disputes with aircraft lessors and other creditors. Shares of SpiceJet rose 1.38 per cent to close at Rs 58.59 apiece on BSE.

Soon, withdraw Provident Fund from ATMs. Here’s what you need to know

Big news for EPFO subscribers! By 2025, you’ll be able to withdraw your provident fund directly from ATMs. Watch the video to know all about it.