The deadline for activating the Universal Account Number (UAN) and linking bank accounts with Aadhaar has been extended by the Employees’ Provident Fund Organisation (EPFO) to February 15, 2025. This extension allows employees to comply with the mandatory requirements for accessing benefits under EPFO’s Employment Linked Incentive (ELI) Scheme. The Ministry of Labour and Employment … Read more
The Central Board of Trustees of the Employees’ Provident Fund Organisation is set to meet on February 28 with the interest rate on provident fund deposits for 2024-25 likely to be the top agenda item.The formal agenda for the meeting is yet to be circulated; sources indicated that finalising the interest rate for the current … Read more
The Employees’ Provident Fund Organisation (EPFO) has introduced reforms to streamline the process of online transfer claims in certain cases. The implementation of this change is anticipated to streamline the PF transfer process, minimizing delays and enhancing efficiency. By utilising Aadhaar and maintaining consistent member information, EPFO is striving to offer a seamless transition for … Read more
The Employee Provident Fund Organisation (EPFO) emphasizes the importance of linking your bank account to your Universal Account Number (UAN) for quick access to your EPF balance, seamless transfers, and easy withdrawals. Ensuring that your UAN is seeded with your bank account is vital for the effective management of Employees’ Provident Fund (EPF) contributions and … Read more
EPFO Top things you must know about the upcoming launch Source link
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: 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: 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
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
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