Employees Provident Fund

Timelines
Employees' Provident Fund (EPF) account: How to add nominee online

13 Apr 2019

Employees' Provident Fund (EPF) account: How to add nominee online

As is common knowledge, Employees' Provident Fund is a mandatory contribution from the salaries of professionals.

How to link your Aadhaar with Universal Account Number (UAN)

11 Mar 2019

How to link your Aadhaar with Universal Account Number (UAN)

Although, linking Aadhaar with the Universal Account Number (UAN), issued by the Employees' Provident Fund Organization (EPFO) is not mandatory, it might still help you make UAN transactions more conveniently.

EPFO hikes provident fund interest rate by 0.1% to 8.65%

21 Feb 2019

EPFO hikes provident fund interest rate by 0.1% to 8.65%

The Employees' Provident Fund Organization (EPFO) on Thursday announced a hike of 0.1% in the interest rate on employees' provident fund (PF) deposits for FY 2018-19.

#FinancialBytes: What is Provident Fund and how to withdraw it?

17 Dec 2018

#FinancialBytes: What is Provident Fund and how to withdraw it?

The Employee Provident Fund (EPF), also known as Provident Fund, is a long-term investment instrument for the salaried individuals that is offered by the Employees' Provident Fund Organization (EPFO).

1.2 crore jobs created in India in 10 months

25 Aug 2018

1.2 crore jobs created in India in 10 months

Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report.

5 ways to check your PF balance

02 Aug 2018

5 ways to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

5 ways to check your PF balance

29 Jul 2018

5 ways to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

#FinancialBytes: How to check your PF balance

23 Jul 2018

#FinancialBytes: How to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

Employees may soon withdraw 75% PF if unemployed for 1-month

23 Jul 2018

Employees may soon withdraw 75% PF if unemployed for 1-month

An employee, who is not in employment for a month, may be allowed to avail 75% of the Provident Fund standing to his credit, Labor Minister Santosh Gangwar said.

#FinancialBytes: Situations in which you can withdraw PF before retirement

17 Jul 2018

#FinancialBytes: Situations in which you can withdraw PF before retirement

Employees Provident Fund (EPF) is primarily a retirement benefit scheme by the Government of India for all salaried individuals in which employees get their accumulated funds after retirement or job-loss to finance their expenditures.

#CareerBytes: Top 6 IITs and their placement numbers this season

15 Jul 2018

#CareerBytes: Top 6 IITs and their placement numbers this season

The Indian Institutes of Technology (IITs) are the most premier public institutes offering the best engineering and technology education in India.

You can now withdraw 75% of PF after one-month's unemployment

27 Jun 2018

You can now withdraw 75% of PF after one-month's unemployment

Bringing cheer to crores, the Employees' Provident Fund Organisation (EPFO) has decided to allow PF subscribers to withdraw 75% balance after remaining unemployed for a month, and keep the account running.

EPFO to announce provident-fund interest today: Here's all about it

21 Feb 2018

EPFO to announce provident-fund interest today: Here's all about it

The Employees' Provident Fund Organization (EPFO) is going to announce the provident fund interest rate for its five crore subscribers for 2017-18 after a meeting of its highest decision-maker, Central Board of Trustees (CBT).

#DecodingBudget: Air India sale, LTCG, corporate-tax, job creation and more

01 Feb 2018

#DecodingBudget: Air India sale, LTCG, corporate-tax, job creation and more

Arun Jaitley presented the first post-GST Budget amid high expectations of positive changes in tax rates.

Govt planning to keep PF rate unchanged at 8.65%: Reports

22 Jan 2018

Govt planning to keep PF rate unchanged at 8.65%: Reports

According to reports, the NDA government is planning to keep the interest rates unchanged on PF deposits at last year's 8.65%.

Aadhaar seeding to eliminate multiple PF accounts

20 Jan 2018

Aadhaar seeding to eliminate multiple PF accounts

The Employees Provident Fund Organization (EPFO) said today that it would be able to eliminate multiple account numbers of one individual once the Aadhaar seeding is complete.

ICICI Bank customers can now open PPF-account sitting at home

08 Dec 2017

ICICI Bank customers can now open PPF-account sitting at home

India's largest private bank ICICI Bank has introduced a fully-digital service to enable its customers to open a Public Provident Fund (PPF) online.

EPF cover salary limit to be increased to Rs. 21,000

02 Dec 2017

EPF cover salary limit to be increased to Rs. 21,000

How an SC ruling increased a man's pension 1200%

22 Nov 2017

How an SC ruling increased a man's pension 1200%

In a rare occurrence, Praveen Kohli, a former Haryana Tourism Corporation employee, received a whopping 1200% hike in his pension this November, four years after retirement.

Did you know interest on PF post employment is taxable?

16 Nov 2017

Did you know interest on PF post employment is taxable?

Whether you have resigned, retired or were fired, interest on your provident fund account is taxable in the year of credit after employment.

Here's how you can check your PF account balance

08 Sep 2017

Here's how you can check your PF account balance

Now employees can view the total accumulated balance of their employees' provident fund (EPF) account through universal account numbers (UAN) allocated by the Employees' Provident Fund Organization (EPFO).

PF account to be transferred, not closed, upon job change

11 Aug 2017

PF account to be transferred, not closed, upon job change

Making life easier for employees, the Employees' Provident Fund Organisation has announced that starting next month, your PF account would be automatically transferred upon job change.

Aadhaar will now be mandatory to register deaths

04 Aug 2017

Aadhaar will now be mandatory to register deaths

Expanding the scope of Aadhaar even more, the government has now made Aadhaar mandatory for registration of deaths starting October 1, 2017.

Here's how you can check your PF account balance

15 Jul 2017

Here's how you can check your PF account balance

Now employees can view the total accumulated balance of their employees' provident fund (EPF) account through universal account numbers (UAN) allocated by the Employees' Provident Fund Organization (EPFO).

EPFO to invest Rs. 18,000 crore in equity

28 May 2017

EPFO to invest Rs. 18,000 crore in equity

The Employees' Provident Fund Organization's central board of trustees will invest 15% or over Rs. 18,000 crore in stocks this financial year in a bid to stimulate the stock market.

EPFO cuts down claim settlement period to 10 days

17 May 2017

EPFO cuts down claim settlement period to 10 days

The Employees' Provident Fund Organization has reduced the period for settlement of claims to 10 days. The eventual goal is to settle claims within three hours.

How to submit your EPF claim online?

09 May 2017

How to submit your EPF claim online?

Employees Provident Fund Organization (EPFO) has recently launched an initiative that will allow citizens to submit their claims online.

Now, self-declarations would replace certificates in EPFO

28 Apr 2017

Now, self-declarations would replace certificates in EPFO

In its attempt to relax rules, the Employee Provident Fund Organization (EPFO) decided to allow individuals to withdraw money for treating illnesses, funding education and building houses on the basis of a self-declaration.

Finance Ministry ratifies 8.65% EPF deposits rate

20 Apr 2017

Finance Ministry ratifies 8.65% EPF deposits rate

Labour Minister Bandaru Dattatreya said the Finance Ministry ratified that the finance ministry has approved 8.65% interest rates on EPF deposits.

FinMin gives go ahead to 8.65% EPF interest rate

17 Apr 2017

FinMin gives go ahead to 8.65% EPF interest rate

Finance Ministry has now grudgingly given a go-ahead to Labour Ministry to provide an 8.65% rate of interest, on the EPF for 2016-17, as decided earlier by EPFO trustees.

Soon, settle EPF claims through mobile phones

11 Apr 2017

Soon, settle EPF claims through mobile phones

Approximately four crore members of the Employee Provident Fund Organization, the retirement fund body, will be able to settle claims such as EPF withdrawals through UMANG, a mobile application.

Lok Sabha passes Finance Bill, rejects RS amendments

30 Mar 2017

Lok Sabha passes Finance Bill, rejects RS amendments

The Lok Sabha passed the Finance Bill, without accepting any of the 5 amendments suggested by the Rajya Sabha.

Opposition forces 5 amendments to Finance Bill in RS

30 Mar 2017

Opposition forces 5 amendments to Finance Bill in RS

The opposition forced 5 amendments to the Finance Bill to be adopted by the Rajya Sabha, in what is seen as a setback to the Centre.

Aadhaar to be linked to mobile numbers, Driving licenses

26 Mar 2017

Aadhaar to be linked to mobile numbers, Driving licenses

In an attempt to implement a fool-proof identity verification system, telcos have been asked to link mobile numbers to their owners' Aadhaar numbers.

2017 Finance bill to undergo major reforms

22 Mar 2017

2017 Finance bill to undergo major reforms

Arun Jaitley suggested a major overhaul in finance bill to bring about electoral reforms.

Aadhaar mandated to apply for PAN card, filing I-T returns

22 Mar 2017

Aadhaar mandated to apply for PAN card, filing I-T returns

The government has made it mandatory to have an Aadhaar number for individuals applying for PAN Cards or filing I-T returns.

Govt to allow upto 90% EPF withdrawal to buy house

16 Mar 2017

Govt to allow upto 90% EPF withdrawal to buy house

In a relief to home buyers, the government seeks to amend the Employees' Provident Fund scheme, to allow users to withdraw up to 90% of their EPF savings to put the down payment for buying a house.

No Aadhaar, no gas for BPL households

08 Mar 2017

No Aadhaar, no gas for BPL households

The government has made it mandatory for below-poverty-line (BPL) households to produce an Aadhaar card to avail of free cooking gas under the Pradhan Mantri Ujjwala Yojana.

Centre: Aadhaar card not mandatory for Mid Day Meal

08 Mar 2017

Centre: Aadhaar card not mandatory for Mid Day Meal

The Centre clarified that no person will be deprived of benefits and subsidy schemes due to the lack of an Aadhaar card.

Students now have to furnish Aadhaar details for govt scholarships

18 Feb 2017

Students now have to furnish Aadhaar details for govt scholarships

Students outside of J&K wishing to apply for the Central Sector Scholarship Scheme will have to mandatorily provide their Aadhaar details.