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    Provident Fund is a retirement savings scheme for employees of the organized sector provided by the government. It is managed under the aegis of Employees' Provident Fund Organisation (EPFO) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. All establishments that have 20 or more people can be covered under the PF scheme and some that have less than 20 also can also be covered, subject to certain conditions and exemptions. Only employees of companies registered under the EPF Act can invest in the EPF. It is mandatory for any employee whose pay is less than or equal to Rs 15,000 a month to join the EPF scheme, according to the rules. If any employee’s salary is more than Rs 15,000 and they wish to join the scheme, they can do so with the agreement of their employer and permission of the Assistant PF commissioner. As part of the scheme, both the employer and the employee contribute an equal amount- 12% of the employee’s basic salary and dearness allowance towards the PF account. The amount is automatically deposited in the account when the salary gets credited. When the employee retires, they can withdraw the entire amount- self and employers’ contribution- that has been accumulated in the account with interest. For the current financial year, the interest rate on the PF account has been fixed at 8.50%. More

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    • Thinking of withdrawing PF? Know the service period rule, 75% job-loss limit and tax impact first

      Before you tap into your EPF balance, understand what you can withdraw, when you can withdraw it, and how unemployment rules actually work.

    • EPF error: How to delink a wrong PF member ID from your UAN

      A wrong PF member ID linked to your UAN can derail your service history and create problems for transfers and withdrawals, but it can be corrected if you combine proper documentation, employer support and follow-up with EPFO.

    • Is your EPF enough for retirement? Why you need more than PF as a salaried worker

      A reality check using 2024–25 data on EPF returns, inflation and medical costs, and why adding PPF, NPS and voluntary investments is now critical for retirement security.

    • EPFO extends deadline for filing EPF return by a week till October 22

      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.

    • Are You Eligible for Provident Fund? Know the Rules for Private and Government Jobs

      Employee Provident Fund (EPF) or Provident Fund, It’s one of the most popular forms of long-term retirement savings, wherein the employee and the employer contribute an equal amount towards savings. But who are eligible for the Provident Fund in Private and Government Jobs, can you get loan from EPF, how PF calculate, PF contribution, whether you're just starting your career or planning your retirement, understanding PF rules is crucial. Watch the video for more information on PF.

    • Provident Fund: Secure Your Future with Confidence!

      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."

    • Govt backing more international MoUs on skilled labour migration amid shortage concerns raised by industry

      The labour secretary's comments come at a time when major infrastructure companies like Larsen & Toubro have said that India is losing a large portion of its skilled labour to infrastructure projects that are being executed in the Middle East.

    • Aim to implement 3 employment-linked incentive schemes by the end of year, says labour secretary Dawra

      The labour ministry will work with around 25 ministries to collate data on the various central and state government schemes where employment is created, either directly or indirectly

    • MC Interview: EPFO to soon get a digital makeover to minimise delays in disbursal of claims: Labour secy Dawra

      The retirement fund body has been in the news for inordinate delays in disbursal of claims, sometimes even running into years. The labour secretary says the ministry is in the process of upgrading the EPFO’s digital platform and is developing a central database to streamline payments, which should be ready in another 2-3 months.

    • Using PPF for tax-free pension income: Strategies, withdrawal options and long-term benefits

      Discover how the Public Provident Fund (PPF) can serve as a pension tool with tax-free income, even after its initial 15-year tenure. Learn about withdrawal options, extension benefits, and strategies to build a substantial PPF balance for a secure retirement. Understand why PPF remains a preferred investment despite stagnant interest rates, and explore its potential compared to taxable pension options.

    • Only 29% elderly have access to social security schemes like pension, PF: Study

      The study, which surveyed 5,169 elders and 1,333 caregivers from different socio-economic categories across 20 Tier I and Tier II cities in 10 states, sheds light on issues related to work participation, financial security, health, caregiving, social participation, and digital access.

    • Decoding EPFO’s tighter norms for operating transaction-less or inoperative accounts

      EPFO’s move to tighten security of inoperative or transaction-less accounts is welcome, but clarification on the biometrics process for international workers and the minimum period of no credit/debit for accounts to be classified as ‘transaction-less’ is necessary.

    • Byju's clears PF payments of most employees after EPFO quizzes company

      Byju's remitted PF payments worth Rs 8.54 crore for around 24,027 employees on July 25, sources in EPFO told Moneycontrol. The data will take about three days to reflect on the official portal.

    • Byju’s delays PF payments for most employees again despite EPFO nudge

      The company had agreed to clear June PF payments by July 15 after Moneycontrol and a few other media outlets reported about a delay in PF payments.

    • Byju’s employees need not worry, EPFO will ensure they get their money: Board member

    • EPFO sets 8.15% interest rate on provident fund for this fiscal

    • No, Labour Codes are not coming into effect from July 1

    • EPFO board to meet in July; separate PF scheme for gigs, universal pension scheme likely on table

    • Prudent withdrawal strategies can help retirees stave off inflation

    • EPFO to rope in PFRDA, LIC for employee pension reforms

    • EPFO cuts interest rate to 8.1% for 2021-22, lowest in 43 years

    • Exclusive | EPFO to declare FY22 interest rate in March second week, PF rate hike unlikely

    • Exclusive: EPFO likely to update Central board about investigation, audit following Mumbai PF fraud

    • Simply Save | Know the taxation rules for interest earned on EPF contribution of over Rs 2.5 lakh

    • The pros and cons of withdrawing from your PF for home loan down payment

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347