The Employees' Provident Fund Organisation (EPFO) is the statutory body under the Government of India's Ministry of Labour and Employment, which is responsible for regulation and management of provident funds in India. The EPFO administers the mandatory provident fund. It also manages social security agreements with other countries. International workers are covered under EPFO plans in countries where bilateral agreements have been signed. As of May 2021, 19 such agreements are in place. The EPFO's top decision-making body is the Central Board of Trustees (CBT), a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF More
What was once an emergency provision is now a routine coping mechanism, data shows
It is also leant that the EPFO has categorised pending dues into two buckets - immediately realizable’ (IR) and ‘non-immediately realizable’. Of the total Rs 21,000 worth of dues pending, IR dues amount to Rs 2,980 crore while the non-IR dues are over Rs 18,500 crore.
Both the EPFO and POSB manage vast sums of public money — the EPFO oversees around Rs 26 lakh crore for over 30 crore members, while the POSB holds Rs 12.56 lakh crore across 29 crore accounts
The employers are mandated to file the ECR by the 15th of every month. The Employees’ Provident Fund Organisation (EPFO) has launched a revamped Electronic Challan-cum-Return (ECR) system, which is applicable starting from the wage month of September 2025, a labour ministry statement said.
The Central Board of Trustees (CBT), the apex decision-making body of EPFO, headed by Labour Minister Mansukh Mandaviya, took several path-breaking decisions during its meeting, a Labour Ministry statement said on Monday.
The Central Board of Trustees (CBT) – the apex decision-making body of the EPFO – is likely to give approval for the ATM-withdrawal facility in its upcoming board meeting, scheduled to be held in October’s second week.
EPFO has decided to allow employees to directly access Annexure K – the key document for EPF transfer while switching jobs – online, a relief for employees who wish to monitor their balance and the process.
'Passbook Lite' will make it easier to see a summary of contributions, withdrawals and current balance in a faster manner without accessing the passbook portal.
As the top decision-making body of EPFO, the central board includes representatives of employers, employees, state governments and the Centre
The August 5 press release by ISF states that the new FAT rule has already halted onboarding for over 1,000 candidates within two days, affecting payroll cycles as well as compliance timelines of staffing companies.
New rule eliminates need for employer involvement; Aadhaar-based digital process now live on UMANG app.
It's easy enough to shift the bank where your PF-related salary gets credited under EPFO's online process—if you know the trick.
You need your PPO number to enjoy post-retirement pension benefits — here's how to obtain it online or offline.
Such errors, even if inadvertent, by employer-managed exempted PF trusts can have devastating consequences for employees.
Last year, for FY24, the process of crediting the interest to members’ accounts commenced in the month of August and got completed in December
This figure depicts a significant increase of 31.31 percent over March 2025 and 1.17 percent growth over April 2024
This move will enable withdrawal of the amount without needing manual verification. EPFO had first introduced auto-settlement of advance claims during the pandemic to provide quick financial assistance to members.
The government has already extended health insurance benefits to all gig workers under the Ayushman Bharat programme
The Provident Fund (PF) is a powerful financial tool designed to secure the future of salaried employees. It not only encourages disciplined savings but also offers significant tax benefits, emergency financial support, and long-term wealth accumulation. With contributions from both the employee and employer, PF builds a strong retirement corpus, ensuring financial independence and peace of mind in later years. Whether you're planning for retirement, facing unexpected expenses, or simply looking to grow your savings safely, understanding the full potential of PF is essential for every working professional."
Of the total net additions, around 45.59% came from services such as manpower suppliers, contractors, security services, and miscellaneous activities.
The revamped functionality also provides the bifurcation of taxable and non-taxable components of PF accumulations to facilitate accurate calculation of TDS on Taxable PF interest.
With an increase in the auto-settlement limit, the members would be able to automatically withdraw up to Rs 5 lakh instantly. At present, members had to wait for manual verification for advance withdrawal of amounts above Rs 1 lakh.
The official said that the workers are now eligible to claim healthcare insurance under the PM-JAY, and they will also get access to social security schemes.
Some experts fear the moderate rise in payroll additions reflects a loss of momentum in the formal job sector amid uncertainties, while others suggest waiting for more data before any conclusion.
The EPFO's decision to increase the auto-settlement limit for advance claims to ₹5 lakh will streamline fund withdrawals for emergencies. For urgent financial needs exceeding this limit, a personal loan could also be a viable alternative.