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The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India to encourage small investments while offering tax advantages and a secure return on investment.
Marking a historic first, the Employees’ Provident Fund Organisation has successfully settled over five crore claims in the 2024-25 financial year, announced Union Minister Mansukh Mandaviya on Thursday. He said, EPFO processed close to 5.1 crore claims, amounting to Rs. 2,05,932.49 crore, surpassing last year’s record of 4.5 crore claims worth Rs.1,82,838.28 crore.
The Kerala High Court has directed the Employees’ Provident Fund Organization (EPFO) that the higher provident fund (PF) pension currently drawn by some pensioners should not be reduced based on the pro-rata condition.
The Employees’ Provident Fund Organization (EPFO) has significantly simplified the process of updation of member profiles, which can benefit Rs.3.9 lakh members with pending requests. Such members can now cancel pending requests and resubmit them under the simplified process.
The Employee Provident Fund Organisation (EPFO) has announced a new facility for members to delink any wrongly-linked member ID in their UAN which has been linked without their knowledge.
The Employees’ Provident Fund Organization (EPFO) has introduced key service updates, including simplifying the joint declaration process, implementing a Centralized Pension Payment System (CPPS), clarifying pension policies for higher wages, enabling online member profile updates, and easy PF transfers. Here are the details of each of these changes, knowing which can help you in managing your EPF more effectively.
The Employees’ Provident Fund Organisation (EPFO) is changing the way its 70 million members access their retirement savings with the launch of an initiative called EPFO 3.0.
The pensioners under the Employees’ Pension Scheme (EPS), 1995, will have the flexibility to access their pensions from any bank branch in India from January 1, 2025. This system will allow 7.8 million members of EPS to withdraw their pensions from any bank branch across the country.
Do EPS 95 pensioners need to submit Digital Life Certificate every six months? EPFO clarifies A Digital Life Certificate (DLC) is an electronic document that confirms the survival of a pensioner. Traditionally, pensioners had to submit physical life certificates to…
Retirement fund body EPFO has registered 13.41 lakh net new members addition in October 2024, according to showed latest payroll data. This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, a labour ministry statement said on Wednesday.