mployees’ Provident Fund Organisation (EPFO) gets SKOCH Award for Smart Governance for its initiatives on UAN Programme and Transformation of Social Security Agenda in India. Congratulating EPFO for the 5th Award in the last two years , Shri Bandaru Dattatreya, the Minister of State (Independent Charge) Labour and Employment expressed hope that this will motivate…
The 208th meeting of the Central Board of Trustees (EPF) was held in Hyderabad today under the chairmanship of Shri Bandaru Dattatreya, Union Minister for Labour & Employment & Chairman, CBT, EPF. Major highlights of the meeting are:- 1. In a major decision, the Central Board of Trustees enhanced the Insurance benefits under the Employees…
Send an SMS to 7738299899 to Activate UAN Account: Give Miss Call at 01122901406 to Know Details of Contribution and PF Balance Shri Bandaru Dattatraya, Hon’ble Minister of State for Labour & Employment (Independent Charge) launched three new mobile based services for EPF members namely Mobile Application, SMS based UAN Activation and Missed Call service…
EPFO has launched the online helpdesk portal to help employers and employees facing issues. This portal is still in Beta version and can be best view in Google Chrome Brower only. Here you can submit your queries and get it resolved. They have 7 days of TAT (turnaround time) to answer your queries. You can…
EPFO Settles 11.56 Lakh Claims in July,2015Social Security Agreements with Austria and Canada Come Into Effect In the month of July, 2015 EPFO( Employees Provident Fund Organisation) have revised from 30 days to 20 days, the timelines for settlement of PF, pension and insurance claims. As a result, the claimants would now get speedier service.…
There are many employees who are struggling to get their details corrected in PF records. Details like name of the employee, Father/ Spouse name and Date of Birth are the details which can be corrected. For the purpose of correction, one needs to follow the process as given below: For change of name of employee…
Universal Account Number (UAN) – The launch of UAN has enabled PF members to access a bouquet of services like dynamically updated UAN card, updated PF passbook including all transfer-in details, facility to link previous members’ ID with present ID, monthly SMS regarding credit of contribution in PF account and facility for auto-triggering transfer request…
Public Provident Fund Rules 1. The Public Provident Fund Scheme is a statutory scheme of the Central Government of India. 2. The Scheme is for 15 years. 3. Public Provident Fund Interest Rate is fixed by the Ministry of Finance, Government of India, annually, and at present is 8.7% compounded annually (as of April 1st…
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for continuation of the minimum pension of Rs. 1,000/- per month to the pensioners of Employees’ Pension Scheme, 1995 (EPS) beyond the financial year 2014-15 on perpetual basis. Currently, it is effective only upto March, 2015. The Cabinet also approved…
Labour Ministry has notified new investement pattern for EPF funds. Now, EPFO is required to invest from 5% to 15% of EPF funds into share market. This investment needs to be done in ETF (Exchange Traded Funds). Now, starting Apr, 1% of EPF funds will be invested in ETF which will increase to 5% by…