EPF Updates & Cases

The day before Prime Minister Narendra Modi rejigged the Union Ministerial Council, there was another major reshuffle under the administrative watch of an outgoing minister — in a statutory body tasked with managing lakhs of crores of rupees. Nearly 120 top officials in the Employees’ Provident Fund Organisation (EPFO) that oversees the retirement savings of India’s […]

EPFO- the provident fund managing body in the country has released a notice wherein it said “It is hereby notified that with effect from 1st April 2021 the IFSC of Andhra Bank, Oriental Bank of Commerce, Allahabad Bank, Syndicate Bank, United Bank of India and Corporation Bank has become invalid.” Further it added that “Member

Net new enrolments with retirement fund body EPFO increased by 13.73 per cent to 12.76 lakh in April from 11.22 lakh in March this year, according to payroll data released on Sunday. The data released by the labour ministry provides a perspective on formal sector employment amid the coronavirus pandemic. During 2020-21, the Employees’ Provident Fund Organisation (EPFO) added 77.08 lakh

Those who have lost an earning member to the novel coronavirus should remember to file the claim for money lying in the deceased person’s Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS) and Employees’ Deposit Linked Insurance Scheme (EDLI) accounts. Here is how nominees can file a claim for money in a deceased person’s EPF, EPS and

The government may separate the provident fund and pension accounts of millions of formal sector workers covered by the Employees’ Provident Fund Organisation (EPFO) in order to protect monthly pension payouts. The move is being seen as a pension reform under the labour code on social security. Authorities believe that once EPFO subscribers have a

On June 15, the Employees’ Provident Fund Organisation extended the deadline for seeding salaried individuals’ Aadhaar to their universal account numbers (UAN). Last month, the provident fund body had asked employers to get their staff to link their Aadhaar to UAN, failing which the monthly provident fund deposits would not be allowed. This was to be done to

The labour ministry has deferred by three months the mandatory Aadhar verification for filing of monthly provident fund returns by employers. The transfer is aimed toward guaranteeing statutory deposits are usually not held again due to this and comes as a breather to each employers and staff. “The date of implementation for filing ECR with Aadhaar verified UANs has been extended