In the past two years, 27 establishments have surrendered their exemption, adding about 30,000 employees and an amount of Rs 1688.82 crores to the Fund under the Employees' Provident Fund Organisation (EPFO).
EPFO will soon introduce UAN based-single accounting system for each member and automation of process flow with minimum human intervention for faster settlement of claims after revamping its application software, the Ministry of Labour and Employment said in a release on Friday.
New Delhi [India], February 14: The Employees' Provident Fund (EPF) is a popular retirement savings scheme in India that is regulated by the Employees' Provident Fund Organisation (EPFO). Under this scheme, a portion of an employee's salary is deducted each month and contributed to a fund
The Central Bureau of Investigation (CBI) has arrested one 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 eight lakh.
The Employees' Provident Fund Organisation has added 17.21 lakh net members in September. Month-on-month comparison of payroll data showed an increase of 21,475 net members over the previous month.
The data indicates that around 10.27 lakh new members have enrolled during July, 2023 which is the highest since July, 2022. The majority of new members joining EPFO are in the age group of 18-25 years constituting roughly 58.45 per cent of total new members addition during the month. This s
The Employees Provident Fund Organisation (EPFO) has extended the deadline for higher Provident Fund (PF) pension for members till July 11, an official release read.
The Employees' Provident Fund Organisation has added around 1.39 crore net members with an increase of 13.22 per cent in 2022-23, compared to the previous financial year's 1.22 crore net members addition.
The Central Board of Employees' Provident Fund Organisation (EPFO) has recommended an 8.15 per cent interest rate to be credited on provident funds for the financial year 2022-23.
The provisional payroll data of the Employees' Provident Fund Organisation (EPFO) showed a total of 14.86 lakh net members were added in the month of January 2023.
The Employees Provident Fund Organisation (EPFO) provisional payroll data released on Sunday showed that the EPFO has added 16.82 lakh net subscribers in the month of September 2022, which is an increase of 9.14 per cent in net membership as compared to the corresponding month during last ye