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'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.
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As the top decision-making body of EPFO, the central board includes representatives of employers, employees, state governments and the Centre
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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.
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New rule eliminates need for employer involvement; Aadhaar-based digital process now live on UMANG app.
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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.
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You need your PPO number to enjoy post-retirement pension benefits — here's how to obtain it online or offline.
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Such errors, even if inadvertent, by employer-managed exempted PF trusts can have devastating consequences for employees.
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Last year, for FY24, the process of crediting the interest to members’ accounts commenced in the month of August and got completed in December
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This figure depicts a significant increase of 31.31 percent over March 2025 and 1.17 percent growth over April 2024
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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.
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The government has already extended health insurance benefits to all gig workers under the Ayushman Bharat programme
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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."
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Of the total net additions, around 45.59% came from services such as manpower suppliers, contractors, security services, and miscellaneous activities.
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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.
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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.
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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.
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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.
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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.
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The EPFO, one of the largest social security organisations in the world, has been taking a series of efforts to simplify processes for members and enhance employers’ experience in transacting with it
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Sumita Dawra, Secretary, Ministry of Labour and Employment, had approved the proposal to enhance the limit from Rs 1 lakh to Rs 5 lakh in the 113th meeting of Executive Committee (EC) of Central Board of Trustees (CBT), held last week, according to sources.
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The integration of UPI in the EPFO claim processing comes after the NPCI suggested to the ministry, Dawara said.
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Terms of reference for bilateral trade agreement will be discussed, latest reports say
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According to the statement, the Employees' Provident Fund Organization (EPFO) has released provisional payroll data for January 2025, revealing a net addition of 17.89 lakh members.
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The central board also decided to enhance the insurance benefits under the Employees' Deposit Linked Insurance scheme
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Currently, EPFO’s investment in debt instruments falls within the 20-45 percent range, as per the finance ministry’s notified investment pattern under Category II.
