EPFO News

EPFO Announces Major Enhancements: Auto Settlement Limit Jumps to 5 Lakhs and Introduces UPI Withdrawals

The EPFO has announced a fivefold increase in the auto-settlement limit for PF claims to Rs 5 lakh and plans to introduce UPI and ATM withdrawals, enhancing member convenience and ...

EPFO to Revolutionize Withdrawals: UPI Integration and ATM Access for Up to Rs 1 Lakh Soon

The EPFO is streamlining fund access with UPI integration and ATM withdrawals up to Rs 1 lakh, promising instant approvals and quicker settlements. This initiative aims to simplify...

EPFO Revolutionizes PF Withdrawals: UPI and ATM Access Coming by May-End

The EPFO is introducing UPI and ATM options for PF withdrawals by May-end, aiming to reduce processing times and expand withdrawal purposes, including housing and education, as par...

EPFO Board Recommends Maintaining 8.25% Interest Rate for Current Financial Year

The EPFO board recommends maintaining an 8.25% interest rate for the current financial year, highlighting EPF as a preferred investment due to its higher, stable returns and tax-fr...

2024-25 EPFO Interest Rates Unveiled: Discover Your Potential Earnings on Provident Fund Deposits

The EPFO has set the interest rate for 2024-25 at 8.25%, awaiting Ministry of Finance approval. This rate reflects a recovery from the 8.1% low in 2022, impacting over seven crore ...

EPFO Sees a Surge: 14.63 Lakh Net Members Joined in November 2024

The Employees’ Provident Fund Organisation (EPFO) added 14.63 lakh net members in November 2024, indicating a rise in employment opportunities and awareness of employee benefits. Y...

EPFO Sees Record Surge: Over 1.4 Million New Members Join in November 2024

In November 2024, EPFO added a record 14.63 lakh net members, marking a significant increase in employment opportunities and awareness of EPFO benefits, with notable growth in youn...

EPFO to Revolutionize PF Claims with Faster Automatic Settlement Process

The Labour and Employment Ministry is working on a strategy to expedite auto claim settlements at EPFO, aiming to impact over 75 million members. This initiative seeks to make the ...