The Employees’ Provident Fund Organisation (EPFO) will facilitate the disbursement of pensions from any bank or branch across the country from January 1, 2025.

The Employees’ Provident Fund Organisation (EPFO) will soon develop a system to send transaction notifications for EPF deductions from salary, says the Union Labour Minister.

Under EPS 95, all formal sector employees are granted pension benefits upon reaching the retirement age of 58, assuring them financial security.

Union labour has minister confirmed that EPFO will migrate to a new IT system 2.01 in three months. Read on to learn more.

State-wise analysis of payroll data denotes that net member addition is highest in the five states/ UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.

EPFO is upgrading its IT infrastructure and developing a centralised database to help expedite the members’ claim settlement process.

An EPF account becomes inactive when it does notreceive contributions for 36 straight months. This can happen for various reasons, such as a change of employment or retirement.

Union Finance Minister Nirmala Sitharaman announced three schemes tied to EPFO enrollments in the Budget 2024-25. How will they attract more youth to the formal sector?

State-wise analysis of payroll data denoted that net member addition is the highest in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.

The Employees Provident Fund (EPF) is a retirement savings account in which the employee and the employer each contribute up to 12 per cent of the staff’s basic monthly salary.