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UNCOVERED: Epfo - Caught on Camera

EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’

The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that EPFO cannot retain appeal money for nearly 11 years after a PF assessment order was set aside, depriving the assessee of its use and…

The Economic Times

EPFO: When can EPF interest be credited to your account? Check here

EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due to government approval and account reconciliation, experts assure members that interest accrues monthly and won't be lost. EPFO calculates interest on the running balance, ensuring full credit even with…

The Economic Times

EPFO member alert: Your nominee may lose provident fund, pension, other benefits if you make this little mistake

EPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family members can receive EPF, EPS, and EDLI benefits without delays. Failure to e-sign means the nomination won't be processed in case of the member's death.

The Economic Times

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EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HC

The Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Provident Fund on actual wages can now claim a higher EPS 95 pension. The court quashed the EPFO's rejection orders. This decision allows eligible employees to exercise joint options…

The Economic Times

Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the story

India's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. Jefferies reports that capital flows are low, not the current account deficit. Foreign investors have sold equities worth billions. Domestic savings are now funding these outflows. The Rupee…

The Economic Times

EPFO to launch WhatsApp service for PF updates; government targets faster resolution of pending legal disputes

The Employees’ Provident Fund Organisation (EPFO) is set to launch a WhatsApp service for PF updates, allowing members to interact with the organization by sending a 'Hello' message.

The Economic Times

Withdraw EPF through UPI soon as government completes testing

Employees Provident Fund Organisation subscribers will soon withdraw their provident fund corpus directly through Unified Payment Interface. The government has completed testing of this new facility.

The Economic Times

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Minimum EPS-95 pension increased to Rs 7,500? EPFO says this

A letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has increased to Rs 7,500 monthly. The Employees Provident Fund Organisation has officially stated this notification is fake. The current minimum pension provided by the government stands at Rs 1,000 per month for eligible subscribers.

The Economic Times

Withdrawal of retirement funds soon to be automated: EPFO

The Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claims. This will speed up money transfers to applicants. EPFO will also automate provident fund account transfers when a member changes employers. This means no more forms will be needed for account migration.

The Economic Times

Employee wins Rs 50,000 compensation from EPFO for 10-year delay in processing EPF transfer claim

The Chandigarh Consumer Commission ruled that the EPFO cannot use software issues as an excuse for a decade-long delay in transferring an employee's PF funds. Despite the EPFO's claims of technical difficulties, the commission found an inordinate and unexplained delay, amounting to deficiency in service. The EPFO was directed to…

The Economic Times

0.4 million new employees availed fiscal benefit under PMVBRY

The Pradhan Mantri Viksit Bharat Rozgar Yojana has provided incentives to over 440,000 new employees. The government has disbursed ₹465 crore for sustained employment. However, global conflicts may slow down formal job creation. The scheme aims to create 35 million jobs by July 2027. Current progress is one-tenth of the…

The Economic Times

Higher job retention among women despite low workforce share than men: Report

A new report reveals women in India's formal workforce stay in their jobs 36% longer than men, with a median tenure of 10.6 months compared to 7.8 months for men. Despite this higher retention, women remain underrepresented, though the IT sector shows a higher share. A significant drop in participation…

The Economic Times

EPFO Simplifies PF Withdrawal, no Passbook or Cheque Needed!

Now you can withdraw your PF without the need of your Passbook and Cheque. Read more at Dynamite News

Dynamite News

Karnataka High Court’s verdict cancelling EPF benefits for international workers and its implications | Explained

Karnataka High Court strikes down amendment allowing foreign workers in EPF, citing constitutional violations, potential impact on SSAs - The Hindu explains.

The Hindu

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The Hindu

EPFO evaluates course of action on Karnataka HC judgement on foreign workers

EPFO evaluating response to Karnataka High Court judgement on inclusion of foreign workers in provident fund.

The Hindu

New Regional PF Commissioner takes charge

KOCHI EPFO welcomes new Regional Provident Fund Commissioner, overseeing largest office in Kerala for social security schemes.

The Hindu

Nidhi Aapke Nikat adalat

Nidhi Aapke Nikat, the grievance redressal adalat of the Employees’ Provident Fund Organisation (EPFO), will be held in Kollam on April 29.

The Hindu

EPFO to organise district awareness camp and outreach programme on March 27

EPFO's Nidhi Aapke Nikath-2.0 district awareness camp in Adilabad, Kumram Bheem Asifabad, Mancherial, and Nirmal on March 27, 2024.

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The Hindu

Pension concerns: On the EPFO recommendation

The doubling of minimum pension will not result in a strain

Dynamite News

Asst Provident Fund Commissioner among three arrested in bribery case

The CBI has arrested an Assistant Provident Fund Commissioner (APFC) and an Enforcement Officer, both of Employees' Provident Fund Organisation (EPFO), Lucknow and a private person in a case of bribery of Rs 8 lakh. Read further on Dynamite News:

The Hindu

CBI arrests EPFO officers in bribery case in Lucknow

“The Central Bureau of Investigation (CBI) has arrested an assistant provident fund commissioner and an enforcement officer of the Employees’ Provident Fund Organisation (EPFO), Lucknow, in connection with a ₹8-lakh bribery case,” officials said on January 31.

The Hindu

EPFO adalat on Jan 29

Employers, PF members and PF pensioners can participate to clear doubts and file complaints.

The Hindu

Centre reconstitutes EPFO governing body without representatives from INTUC, AITUC

Centre reconstituted the Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) by excluding representatives of the Opposition trade unions INTUC, AITUC and AIUTUC from the panel.

The Hindu

Higher PF pension | Employers get five more months to process applications

EPFO extended the time for employers for uploading and submitting the joint options of employees

The Hindu

The woes of pensioners and PF members

In the most contentious matter of pension computation, the clarification, which states that pension will be calculated as per paragraph 12 of the EPS, also says that the date of commencement of pension will determine the applicable formula for calculation of pensionable service, pensionable salary, and pension.

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