The Employees' Provident Fund Organization (EPFO) enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February 2025 and 0.98 per cent year-on-year growth compared to March 2024, a labour ministry statement said
Employees' Provident Fund Organisation (EPFO) enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 percent over September 2023, the Labour Ministry said.
Around 8.92 lakh new members enrolled during September 2023, the ministry said. Among these newly joined members, the age group of 18-25 years constitutes 58.92 per cent of total new members added during the month.
The wage limit for the EPFO's Employees' Provident Fund (EPF) scheme at present is Rs 15,000 per month.
The net subscriber addition in December has increased by 19.98 percent as compared to the previous month of November 2021, a labour ministry statement said. The net subscriber addition in November 2021 was revised downwards to 12.17 lakh from 13.95 lakh provisional estimates released in January 2022.
Only government-backed alternative funds will be considered for investment. The board also decided to set up four sub-committees including two on employees pension scheme and social security provisions.
The board of retirement fund body Employees Provident Fund Organisation had recommended an 8.5 percent interest rate for FY21.
The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.
Even at the unchanged rate, EPFO would be one of the most rewarding savings schemes in FY19
Of the 3.1 million new additions across age groups, 1.85 million jobs were created in the 18-25 age group, considered a proxy for new jobs
In order to maintain the 8.65 percent interest this fiscal, the Employees Provident Fund Organisation (EPFO) had sold a portion of its investments in the exchange-traded funds (ETF) worth Rs 2,886 crore earlier in February.
The pension is Rs 1,000 a month at present, provided under the Employees' Pension Scheme 1995 (EPS-95) managed by the Employees' Provident Fund Organisation (EPFO).
As per estimates, EPFO's investment in ETFs is expected to touch Rs 45,000 crore by the end of the current fiscal.
Employees Provident Fund Organisation (EPFO) had provided 8.8 perecnt rate of interest on EPF deposits for 2015-16 despite Finance Ministry's ratification for 8.7 per cent.
The Labour Ministry has amended the Employees' Pension Scheme 1995 to provide the entitlement of minimum monthly pension of Rs 1,000 in perpetuity to its over 50 lakh pensioners
Union Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation (EPFO) may invest more than Rs 6,000 crore in equity market during the current financial year.
India's largest state insurer and its pension fund together bought about one-sixth of the bonds issued by regional governments for their power companies last fiscal year, a minister said on Thursday.
The proposal regarding changes in 'The Employees' Provident Fund Scheme' has been sent to the Labour Ministry for approval.
The ministry intends to collaborate with PSU banks, housing finance companies, state-owned construction firms like NBCC and authorities like DDA, PUDA, HUDA to build houses at a price to be fixed by the government. Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.
Fund managers handling money on behalf of the Employees' Provident Fund Organisation (EPFO) will also be given more flexibility to invest in corporate bonds, according to new rules from the Labour Ministry marking the first overhaul of investment rules in a decade.
In an interview to CNBC, Pankaj Mathpal, Optima Money Managers clarified doubts about employees‘ provident fund.
LIC Housing Finance shares rose nearly 7% on Tuesday to close at Rs 190, after the Employees’ Provident Fund Organisation (EPFO) said it would resume investing in the company’s bonds. While the stock price fell 29% in the last three months, it gained 14% in the last 3 days.