According to a statement from the Ministry of Labour and Employment, yhe year-on-year analysis reveals a growth of 3.99 per cent in net payroll additions compared to February 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO'
The Union Government on Thursday announced that the financial or banking institutions will not charge any fee for updating nominees for Public Provident Fund or PPF accounts.
Employees' Provident Fund Organisation (EPFO) entered into agreements with 15 additional Public/Private Sector Banks in the presence of Dr Mansukh Mandaviya, Union Minister for Labour & Employment, Youth Affairs & Sports in New Delhi on Tuesday.
To expand the 'Ease of Living' of its 7.5 crore members, Employees Provident Fund Organisation (EPFO) has decided to enhance the auto settlement of advanced claim (ASAC) limit by five times from currently Rs 1 lakh, sources told ANI.
On Wednesday, Union Finance Minister Nirmala Sitharaman praised Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha for raising the issue of the conditions of banks in Parliament.
The Central Bureau of Investigation (CBI) has arrested the accused PF clerk of the Sub Area office, SECL, Nowrozabad, District. Umaria (MP) for demanding and accepting a bribe of Rs.1.3 lakh as the first instalment from the complainant.
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.
Speaking exclusively with ANI, Sumita Dawra, Secretary of the Ministry of Labour and Employment, revealed that PF members will soon be able to withdraw funds through UPI and ATM by the end of May or June this year.
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.
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.