The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at enhancing efficiency and reducing transaction time, Labour and Employment Secretary Sumita Dawra said on Monday.
The Employees' Provident Fund Organisation (EPFO) in January witnessed a net addition of 17.89 lakh members, the rovisional payroll data for January 2025 shows released by Ministry of Labour & Employment on Thursday.
EPFO achieved a historic high of 2.16 crore auto-claims settlement so far during the current financial year, up from 89.52 lakh in 2023-24, Union Minister of State for Labour & Employment, Shobha Karandlaje informed Lok Sabha on Monday.
The petition claims that EPFO allocates a special weightage of 15 to 30 marks out of a total of 100 if a candidate has completed their law degree from one of the top 40 National Institutional Ranking Framework (NIRF) Institutes.
According to an official release, the Government of India will officially notify the interest rate, following which EPFO will credit the rate of interest into the subscribers' accounts.
The Employees' Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25 per cent on Employees' Provident Fund (EPF) deposits for the financial year 2024-25.
The EC formally adopted the Unified Pension Scheme for EPFO officers and staff, aligning with the recent gazette notification issued by the Ministry of Finance.
The Employees' Provident Fund Organization (EPFO) has released provisional payroll data for December 2024, revealing a net addition of 16.05 lakh members.
In the financial year 2024-25, EPFO has processed over 5.08 crore claims amounting to Rs 2,05,932.49 crore, surpassing the 4.45 crore claims worth Rs 1,82,838.28 crore settled in the previous financial year 2023-24.
Union Minister for Labour & Employment and Youth Affairs & Sports, Dr.. Mansukh Mandaviya, chaired a virtual review meeting to assess the performance of EPFO's Regional Offices.
The Employees' Provident Fund Organisation (EPFO) on Tuesady released provisional payroll data for November 2024, indicating a net addition of 14.63 lakh members.
In a move towards enhancing pension services, EPFO completed the full-scale rollout of the new Centralized Pension Payments System (CPPS) under the Employees' Pension Scheme 1995 in December 2024.