The EPFO has added about 6.2 crore members in the last 6 years, as per government sources. About 19 lakh new registrations in EPFO in the month of May 2024.
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.
Employees' Provident Fund Organisation's (EPFO) provisional payroll data highlighted the addition of 15.48 lakh net members in the month of February, 2024, according to a release issued by the Labour Ministry on Saturday.
The Central Bureau of Investigation on Monday arrested an accused Enforcement Officer of the Employees Provident Fund Organisation in Tamil Nadu's Tirunelveli while accepting a bribe amount of Rs 2 lakh from the complainant, Officials said on Monday.
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.
According to the Ministry of Labour and Employment, the cumulative net addition of members during the current financial year continues to remain higher than that of the corresponding period of the previous year.
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.