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Gangwar had approved the 8.5 per cent rate for last fiscal after receiving the finance ministry’s concurrence. Thereafter the direction was sent to the EPFO for crediting the interest on EPF into the subscribers’ accounts.(Mint Archive)

EPFO starts crediting 8.5% for 2019-20, amount to reflect in EPF accounts from Jan 1

By Press Trust of India | Posted by Shankhyaneel Sarkar | New Delhi
UPDATED ON DEC 31, 2020 05:53 PM IST
“It (8.5 per cent interest) would comprise 8.15 per cent from debt income and balance 0.35 per cent (capital gain) from the sale of ETFs (exchange traded funds) subject to their redemption by 31st December, 2020,” he said.
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10 May 2016, Bhikaji Cama Place,New Delhi: employees provident fund organisation head office , EPFO office.(Mint Archives)
10 May 2016, Bhikaji Cama Place,New Delhi: employees provident fund organisation head office , EPFO office.(Mint Archives)

Labour minister says EPFO settled 52 lakh Covid-19 claims, disburses Rs 13,300 cr

By Press Trust of India | Posted by Srivatsan K C | New Delhi
PUBLISHED ON DEC 16, 2020 02:43 PM IST
Speaking at Assocham Foundation Week programme, Labour Minister Santosh Gangwar said EPFO has settled 52 lakh Covid-19 withdrawal claims and disbursed Rs 13,300 crore to subscribers during the pandemic.
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Retirement fund body EPFO is likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go by the end of December.(File photo)
Retirement fund body EPFO is likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go by the end of December.(File photo)

EPFO likely to credit 8.5 per cent interest on EPF for 2019-20 by Dec

By Press Trust of India| Posted by Mallika Soni | New Delhi
PUBLISHED ON DEC 13, 2020 11:30 AM IST
Earlier in September this year, the Employees Provident Fund Organisation had decided to split 8.5 per cent interest into two installments of 8.15 per cent and 0.35 per cent in its trustees meet headed by Labour Minister Santosh Gangwar.
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A pensioner can submit the life certificates anytime during the year up to November 30, which is valid for a period of one year from the date of issue, the release mentioned.(File Photo)
A pensioner can submit the life certificates anytime during the year up to November 30, which is valid for a period of one year from the date of issue, the release mentioned.(File Photo)

EPFO extends time limit for submission of life certificate to Feb 2021

By hindustantimes.com| Edited by: Harshit Sabarwal | Hindustan Times, New Delhi
UPDATED ON NOV 28, 2020 05:50 PM IST
“In view of the ongoing Covid-19 pandemic and the vulnerability of elderly population to the virus, EPFO has extended the time limit up to 28th February 2021 for submission of Life Certificate (Jeevan Pramaan Patra-JPP) in respect of the Pensioners drawing pension under EPS 1995 and whose Life certificate is due in any month till February 28, 2021,” the ministry said in a press release.
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Industry experts and economists argued that the fall in contributing establishments is a clear indication of the economic environment.(Mint | Pradeep Gaur)
Industry experts and economists argued that the fall in contributing establishments is a clear indication of the economic environment.(Mint | Pradeep Gaur)

EPFO loses firms, subscribers in Oct amid continued stress

By Prashant K Nanda | Livemint, New Delhi
UPDATED ON NOV 18, 2020 04:54 AM IST
Contributing establishments with retirement fund manager EPFO dwindled to 504,044 in October from 534,869 in September, as per official data.
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The CBI said the enforcement officer, who is posted in Gurugram, has been booked for fraud, forging document with purpose of cheating, using forged document as genuine and criminal conspiracy.(PTI)
The CBI said the enforcement officer, who is posted in Gurugram, has been booked for fraud, forging document with purpose of cheating, using forged document as genuine and criminal conspiracy.(PTI)

Address change request trips EPFO officer who forged ST certificate for job 35 years ago

By HT Correspondent | Hindustan Times, Lucknow
PUBLISHED ON NOV 02, 2020 03:44 PM IST
The alleged forgery came to light when the accused applied for changing his permanent address, stating that he is a resident of Mathura and does not hail from Sawai Madhopur, Rajasthan.
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Spike in internal remittance, new EPFO registrations indicate recovery: Report

By Press Trust of India | Posted by Prashasti Singh | Mumbai
PUBLISHED ON OCT 28, 2020 10:27 AM IST
After a significant reduction in remittances due to the lockdown in April, it improved in June and July, and the numbers in September have crossed the pre-pandemic level in February
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Employee Provident Fund Organisation (EPFO) (HT Photo)
Employee Provident Fund Organisation (EPFO) (HT Photo)

EPFO is in ‘worrying state’, CPI MP Viswam writes to labour minister

By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON OCT 23, 2020 02:41 PM IST
In his letter to MoS (Labour) Santosh Gangwar, Viswam urged the minister to raise minimum pension, computation cap on pension
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WhatsApp helpline is now functional in all the 138 regional offices of EPFO.(HT File Photo)
WhatsApp helpline is now functional in all the 138 regional offices of EPFO.(HT File Photo)

EPFO launches WhatsApp helpline service

By Press Trust of India | Posted by Kanishka sarkar | New Delhi
PUBLISHED ON OCT 15, 2020 10:51 AM IST
With WhatsApp emerging as a huge platform for communication in India, EPFO grabbed the extraordinary opportunity that the app provides to reach and communicate directly with all its stakeholders.
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EPFO to sell 9,000 crore ETFS to meet fund shortfall

By Prashant K Nanda | Livemint, New Delhi
PUBLISHED ON OCT 14, 2020 06:03 AM IST
According to documents seen by Mint, EPFO will sell 9,017 crore of ETF investments made in 2016, in 15 to 20 tranches.
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The EPFO central board had decided to pay interest for 2019-20 in two installments.
The EPFO central board had decided to pay interest for 2019-20 in two installments.

EPFO may credit interest by Diwali; send an SMS to know account balance

By hindustantimes.com | Edited by Prashasti Singh | Hindustan Times, New Delhi
UPDATED ON OCT 10, 2020 02:29 PM IST
The EPFO central board in September decided to pay interest for 2019-20 in two installments and the second installment with 0.35% interest will be credited to the subscribers by December.
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The head office of the Employees’ Provident Fund Organisation (EPFO) is seen in New Delhi.(Mint Photo)
The head office of the Employees’ Provident Fund Organisation (EPFO) is seen in New Delhi.(Mint Photo)

EPFO launches facility for bulk transfer of funds from exempted establishments

By Press Trust of India | Posted by Meenakshi Ray | New Delhi
PUBLISHED ON OCT 09, 2020 08:31 PM IST
This facility will enhance ease of doing business by increasing the speed of funds transfer for exempted establishments. On change of employment of a member from exempted to unexempted establishment, his past accumulations are transferred to EPFO.
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EPFO beneficiaries will be able to keep a tab when the interest gets credited to their account.(HT Archive)
EPFO beneficiaries will be able to keep a tab when the interest gets credited to their account.(HT Archive)

EPFO to credit interest soon. Know how to check your passbook balance

By hindustantimes.com | Edited by Shankhyaneel Sarkar | Hindustan Times, New Delhi
UPDATED ON SEP 12, 2020 02:29 PM IST
EPFO will 8.15% interest will be credited to the subscribers first and the rest 0.15% will be credited to the subscriber by December.
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The retirement fund body’s earnings in March were lower than expected because of the pandemic.(HT photo)
The retirement fund body’s earnings in March were lower than expected because of the pandemic.(HT photo)

EPFO to pay interest in two instalments

By Prashant K Nanda | Livemint, New Delhi
UPDATED ON SEP 10, 2020 03:37 AM IST
While some board members explained that this will be paid in two instalments, the labour ministry-controlled EPFO said the central board of trustees has recommended an 8.5% payout without specifying whether the payments would be staggered.
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A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India.(REUTERS)
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India.(REUTERS)

EPFO to pay 8.5% interest rate for FY 20 in two instalments, says expected earnings hit by Covid-19

By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON SEP 09, 2020 05:23 PM IST
An instalment of 8.15% will be paid for now, followed by the remaining 0.35% in December.
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The issue is likely to be discussed in the central board meeting of the EPFO later this week.(MINT)
The issue is likely to be discussed in the central board meeting of the EPFO later this week.(MINT)

EPFO’s 1 trillion ETF return in negative zone

By Prashant K. Nanda | Livemint, New Delhi
UPDATED ON SEP 07, 2020 04:23 AM IST
While the overall cumulative return is almost -8.3% as of 31 March for its 1.03 trillion equity investments, its return on investments in government-backed Central Public Sector Enterprises (CPSE) ETF has given it a -24.36% return.
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Figures gleaned from the Employees’ Provident Fund Organization (EPFO) show that these payroll additions are being made in poorly paid jobs(File Photo)
Figures gleaned from the Employees’ Provident Fund Organization (EPFO) show that these payroll additions are being made in poorly paid jobs(File Photo)

Payroll data shows job recovery’s distant

By Prashant K Nanda | Mint, New Delhi
UPDATED ON AUG 24, 2020 06:29 AM IST
Good jobs in manufacturing, financial establishments and core engineering firms are far from making a recovery.
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EPFO said that the Covid-19 pandemic outbreak had adversely affected the enrolments in the month of April and May 2020.(MINT)
EPFO said that the Covid-19 pandemic outbreak had adversely affected the enrolments in the month of April and May 2020.(MINT)

In June, EPFO records 6.55 lakh net new enrolments

By hindustantimes.com | Hindustan Times, New Delhi
UPDATED ON AUG 21, 2020 12:36 AM IST
In June, net new enrolments with EPFO rose to 6.55 lakh, according to its latest payroll data. Almost 50% of the new enrollments are in the age group of 18-2, according to the EPFO figures.
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EPFO head office bhikaji cama place New Delhi EPFO Head office at 0503/2020 , photo:(Pradeep Gaur/Mint File Photo)
EPFO head office bhikaji cama place New Delhi EPFO Head office at 0503/2020 , photo:(Pradeep Gaur/Mint File Photo)

EPFO adds 1.39 crore subscribers in past two financial years

By Asian News International | Posted by Kanishka Sarkar | New Delhi
UPDATED ON JUN 23, 2020 11:57 AM IST
The tax-free returns of 8.% for 2019-20, which is one of the highest among other social security instruments and fixed deposits, has helped EPFO reduce its exits for 2019-20 by around 10% as compared with the previous year.
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According to government officials, at least 50 amendments to the OSH code proposed by the House panel will be accepted to benefit migrant workers.(HT Photo)
According to government officials, at least 50 amendments to the OSH code proposed by the House panel will be accepted to benefit migrant workers.(HT Photo)

Social security ID for migrants on top of labour panel’s agenda

By Saubhadra Chatterji | New Delhi
UPDATED ON JUN 03, 2020 05:59 AM IST
The standing committee on labour, in the backdrop of the misery confronted by unorganized sector workers in the past two months in the aftermath of the coronavirus disease (Covid-19) pandemic, will also push the government to provide a larger social security net that can help them tide over the difficult situation.
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The EPF move will be applicable to all workers, or nearly 43 million employees across 650,000 establishments, who do not benefit from the PM Garib Kalyan package announced in March.(Pixabay)
The EPF move will be applicable to all workers, or nearly 43 million employees across 650,000 establishments, who do not benefit from the PM Garib Kalyan package announced in March.(Pixabay)

Centre curtails EPF contributions by 2%, move likely to benefit 650,000 firms

By Prashant K Nanda | Mint, New Delhi
UPDATED ON MAY 14, 2020 06:18 AM IST
However, central public sector enterprises and state PSUs will continue to pay 12% of the employer’s share, while employees contribute 10%.
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Employees’ Provident Fund Regulations have been amended to include Covid-19 as a reason to allow non-refundable advance of 75 percent of the amount or three months of the wages, whichever is lower, from the accounts.(Pradeep Gaur/ Mint file photo)
Employees’ Provident Fund Regulations have been amended to include Covid-19 as a reason to allow non-refundable advance of 75 percent of the amount or three months of the wages, whichever is lower, from the accounts.(Pradeep Gaur/ Mint file photo)

EPFO processes 29,057 claims disbursing about Rs 50 crores under to fight Covid

By Asian News International| Posted by: Harshit Sabarwal | New Delhi
PUBLISHED ON MAY 08, 2020 05:36 PM IST
Families of four crore workers registered under EPF are eligible to take benefit of the window under the PM Garib Kalyan package announced by the government.
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The employers have to declare the date of disbursement of wage for March, 2020 in the ECR for the month.
The employers have to declare the date of disbursement of wage for March, 2020 in the ECR for the month.

EPFO allows 30-day grace period to employers for filing e-challan for March

By Press Trust of India | New Delhi
UPDATED ON APR 15, 2020 07:08 PM IST
The contributions towards social security schemes - run by Employees’ Provident Fund Organisation (EPFO) - for March was due till April 15, which has been extended till May 15.
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The government further eased regulations to allow 90% of the roughly 60 million EPFO subscribers who earn less than Rs 15,000 per month to produce any valid age proof document to facilitate the withdrawal of provident fund money.(Mint file photo)
The government further eased regulations to allow 90% of the roughly 60 million EPFO subscribers who earn less than Rs 15,000 per month to produce any valid age proof document to facilitate the withdrawal of provident fund money.(Mint file photo)

1.37 lakh provident fund claims cleared in 10 days to help in times of Covid-19 distress, says govt

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 10, 2020 06:41 PM IST
The government had last month announced a Rs 1.7 lakh crore welfare package as part of a fiscal stimulus under a scheme named Pradhan Mantri Gareeb Kalyan Yojana.
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According to the statement, remittances have already started taking place. EPFO has settled these claims in the past 10 days.(Mint file photo)
According to the statement, remittances have already started taking place. EPFO has settled these claims in the past 10 days.(Mint file photo)

EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woes

By Press Trust of India | New Delhi
UPDATED ON APR 10, 2020 06:09 PM IST
Members, who have applied for claims in some other category, can also file for claim to fight the pandemic and depending upon the KYC compliance condition of each member, every effort is being made to settle claims at the earliest, the ministry said.
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A subscriber can submit the correction requests online. EPFO can validate the date of birth of a subscriber online with Aadhaar instantaneously after the member files an application.(Livemint / File Photo)
A subscriber can submit the correction requests online. EPFO can validate the date of birth of a subscriber online with Aadhaar instantaneously after the member files an application.(Livemint / File Photo)

Covid-19: EPFO allows subscribers to correct age-proof documents online

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON APR 05, 2020 08:37 PM IST
Relief to EPFO subscribers is a part of the Rs 1.7 lakh crore welfare package under the Pradhan Mantri Gareeb Kalyan Yojana (PMGKBY) announced by finance minister Nirmala Sitharaman last month.
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The government cut interest on small savings schemes by up to 1.4% for the first quarter of 2020-21.(ANI)
The government cut interest on small savings schemes by up to 1.4% for the first quarter of 2020-21.(ANI)

Govt cuts interest rate on PPF, NSC, Kisan Vikas Patra and Sukanya Samriddhi Accounts from April 1: All you need to know

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON APR 01, 2020 11:00 AM IST
Interest rates for small savings schemes are notified on a quarterly basis.
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The notification permitted non-refundable withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75% of the amount standing to the credit of their EPF account, whichever is less.(Mint file photo)
The notification permitted non-refundable withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75% of the amount standing to the credit of their EPF account, whichever is less.(Mint file photo)

Coronavirus update: Govt relaxes rules, EPFO members can now withdraw non-refundable advance

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 29, 2020 03:05 PM IST
The notification permitted non-refundable withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75% of the amount standing to the credit of their EPF account, whichever is less.
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In its communication, the Employees Provident Fund Organization has stated that officers and staff must process claims of EPF subscribers promptly so that relief reaches the worker and his/her family to help them fight with COVID-19.(Mint file photo)
In its communication, the Employees Provident Fund Organization has stated that officers and staff must process claims of EPF subscribers promptly so that relief reaches the worker and his/her family to help them fight with COVID-19.(Mint file photo)

Labour Ministry allows EPF withdrawal amid Covid-19 lockdown

By Press Trust of India | New Delhi
UPDATED ON MAR 29, 2020 02:27 PM IST
The ministry has issued a notification in this regard on March 28, 2020 to amend the Employees’ Provident Fund Scheme 1952, a labour ministry statement said.
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Employers too can avail online facilities of the EPFO and avoid making the rounds of offices.(MINT PHOTO.)
Employers too can avail online facilities of the EPFO and avoid making the rounds of offices.(MINT PHOTO.)

EPFO asks beneficiaries to use online services, avoid visiting offices to contain coronavirus

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 20, 2020 05:57 PM IST
Most of the services offered by the EPFO are available online. Employees have also been given the option of filing claims for advances, withdrawals, and receive payment for PF, insurance and pension directly in their bank accounts.
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