Provident Fund

EPFO is revolutionizing PF withdrawals with a 5X hike in auto-claim limits (Rs 5 lakh), UPI/ATM withdrawals by June, and faster claim processing. The move boosts financial ease for 7.5 crore members, enhancing accessibility and efficiency.

Getting your PF money is going to be easier from April 1, 2025. EPFO (Employees’ Provident Fund Organization) has introduced new rules for this. From now on, if employees apply for PF, they can get the money in just 3 days, that too online without having to go to any office. Let's find out more about the new EPFO changes.

The Employees' Provident Fund Organisation (EPFO) will soon offer EPF subscribers the facility to withdraw PF amount through UPI. In the next 2 to 3 months, you can withdraw money through apps like Paytm, Google Pay, and PhonePe.

The year-on-year analysis reveals a growth of 2.74 per cent in net payroll additions compared to December 2023, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives.

Good news for government and private employees. The Employees' Provident Fund Organisation (EPFO) board meeting scheduled for February 28 will discuss a potential Provident Fund (PF) interest rate hike for the 2024-25 fiscal year. The government is likely to make this decision to provide relief to the middle class.

Big news for EPFO subscribers in India! You will soon be able to withdraw your Provident Fund money directly from ATMs. This facility is expected to be available by 2025.

The central government is planning a significant change to the Provident Fund rules, potentially benefiting government employees across the country with an increased wage limit.

Employees contribute a portion of their salary to the Employees' Provident Fund Organisation (EPFO) account. The employer matches this contribution. This accumulated sum proves beneficial post-retirement, but can also be withdrawn earlier under certain conditions. A lesser-known EPFO rule offers a bonus of up to Rs 50,000 for loyal subscribers.

The Employees' Provident Fund Organisation (EPFO) has begun crediting interest to provident fund (PF) accounts for the financial year 2022-23, with an interest rate of 8.15%. While some users have received payouts, the EPFO acknowledges that it may take time for all accounts to reflect the amount

Employees' Provident Fund (EPF) members should always ensure that their bank account details are updated and whether the bank account linked to the EPF is active or not.