EPFO 3.0: Top 5 things you must know about the upcoming launch
EPFO Top things you must know about the upcoming launch Source link
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EPFO 3.0 launching March 2025 to allow withdrawals via ATM-like cards
The Employees’ Provident Fund Organisation (EPFO) is set to unveil its upgraded system, EPFO 3.0, by March 2025, with the goal of simplifying fund access and enhancing grievance redressal mechanisms for its members. According to Labour and Employment Minister Mansukh Mandaviya, the revamped digital platform will allow members to withdraw funds, check account balances, and … Read more
EPFO Update: Provident fund withdrawals via ATMs from 2025; Know How it will work?
EPFO Update: Starting in early 2023, EPFO subscribers will have the convenience of withdrawing their PF savings directly from ATMs. Labour Ministry Secretary Sumita Dawra said the Labour Ministry is currently improving its IT systems to provide better services to workers in India. As a result, EPFO subscribers will be able to access their provident … Read more
PF withdrawal from ATMs: ‘Major improvements from January 2025,’ says Labour secretary
PF withdrawal from ATMs: Labour Secretary Sumita Dawra announced that the Labour and Employment Ministry is currently in the process of enhancing its IT systems to better serve the workforce of India. She mentioned that EPFO subscribers can expect significant improvements, as they will soon have the ability to directly withdraw funds from their provident … Read more
EPFO clarifies Aadhaar detail requirement, exemption for certain employees; check whole list
The Employees’ Provident Fund Organisation (EPFO) recently announced exceptions for certain classes of employees regarding seeding Aadhaar in order to settle their physical claims. Typically, EPFO subscribers are required to link their UAN (Universal Account Number) with Aadhaar for claim settlements; however, specific exemptions have been outlined in a circular dated November 29, 2024. The … Read more
Labour ministry asks EPFO to ensure UAN activation through Aadhaar-based OTP; check steps
The Ministry of Labour and Employment has directed the Employees’ Provident Fund Organisation (EPFO) to ensure that employees activate their Universal Account Number (UAN) using Aadhaar-based OTP. This initiative is designed to assist employees and employers in taking advantage of the Employment Linked Incentive (ELI) Scheme introduced in the Union Budget 2024-25. Activating UAN is … Read more
PF withdrawal: Now you can pull out Rs 1 lakh from your PF account instead of Rs 50,000. Check details
Now, members and subscribers can withdraw Rs 1 lakh from their PF account instead of previous limit of Rs 50,000. Union Labour minister Mansukh Mandaviya announced this earlier this week on the occasion of the government’s 100 days in office. The Employees’ Provident Fund Organisation (EPFO) oversees various employee-related schemes, such as provident fund, pensions, … Read more
EPFO: Will there be a hike in guaranteed minimum pension under EPS? Here’s what we know
Since the announcement of the Unified Pension Scheme (UPS) by the Centre, private sector employees have been pressing for an enhanced monthly pension under the Employee’s Pension Scheme (EPS). Under UPS, government employees are entitled to receive a monthly pension upon retirement, amounting to 50% of their last-drawn basic pay. The minimum pension guaranteed is … Read more
Relief for pensioners: EPS members can withdraw pension from any bank, any branch from Jan 1, 2025. Check details
In a big relief for pensioners, the Centre has approved the proposal for a Centralised Pension Payment System (CPPS) for Employees’ Pension Scheme (EPS) 1995. The new system will be a significant shift, wherein a national-level centralised system will be in place that will enable pension disbursement through any bank, any branch across India. It … Read more
DA hike: 3% hike in DA, DR from July 2024 expected in September. Check details on salary, increment
DA hike: The Centre is anticipated to make an announcement regarding the second hike in Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners from July 2024 in September. It is estimated that the government led by Prime Minister Narendra Modi might sanction a 3% increase in DA and DR during this phase. … Read more