The Employees’ Provident Fund Organization (EPFO) is gearing up to introduce a special card for its members to benefit over 7crore people in this country. This new initiative aims at providing employees with easy, smooth access to PF services in a hassle-free manner. The special EPFO card is expected to change the way members access … Read more
Of late, the Employees’ Pension Fund Organisation has been in the news for yet another momentous announcement concerning nearly 78 lakh pensioners. According to reports, the government is mulling an increase in the minimum pension under EPS 95 to ₹7,500, keeping in mind the millions of retired employees. If this comes through, it would witness … Read more
After endless years of insistence on raising the current minimum pension from ₹1000 by virtually all pensioners, the government has decided, almost to the relief of EPS pensioners, to consider raising the minimum monthly pension of ₹7500 under the Employees Pension Scheme (EPS-95). If the higher pension gets implemented, it would benefit millions of retired … Read more
In what is definitely a very significant rule change, the Employees’ Provident Fund Organisation (EPFO) has actually enacted a new law for an economic relief and advantages for millions of employees and account holders. This new update pursuantly envisages some process simplification, an increased level of accessibility, and even more financial security to EPF members. … Read more
The Employees’ Deposit Linked Insurance or EDLI Scheme aims to provide assured monetary security to workers and their immediate family members and is administered under the auspices of the Employees’ Provident Fund Organisation. A unique feature of this Scheme is the coverage of ₹7 lakh insurance being extended to employees even after switching jobs, further … Read more
For a minimum pension hike under the Employees Provident Fund Organization (EPFO), privates have been demanding for quite some time. Just before Budget 2025, managers led by EPS-95 retired employees met with the Finance Minister Nirmala Sitharaman and reiterated demand for raising the minimum pension to Rs 7,500 a month and dearness allowance (DA). Important … Read more
An important relaxation in favor of the EPFO (Employees’ Provident Fund Organization) members came when a new rule was framed to permit users to update their details without the requirement of any hard copies. This recent update allows simple alteration or correction of important EPFO details like name, date of birth, or any other personal … Read more
The historic move is that EPFO is gearing itself towards rejecting about 5 lakh applications for higher pension under the Employees’ Pension Scheme. It has been a matter of the very big scrutiny of applications filed by employees to claim higher pension based on the actual salary instead of the limit imposed. Such application rejection … Read more
A great relief for pensioners is that the Employees’ Provident Fund Organisation (EPFO) has announced pension increase for 2025. This is to ensure more financial independence for such retired employees and give them much better post-retirement benefits. Inflation hasn’t stopped rising, and thus the EPFO pension hike is expected to assist pensioners throughout the country. … Read more
Employees’ Provident Fund Organisation (EPFO) has granted a major relief to its subscribers by permitting major updates to be made without the submission of physical documents. Employees can now seamlessly correct name, date of birth (DOB), and other details through the EPFO portal. This initiative is to help in quickly reducing paperwork and expedite the … Read more