EPFO

Formal job creation down for two fiscals after record FY23

Net formal job creation under EPFO has declined for two consecutive years through FY25, falling from 13.8 million in FY23 to 12.9 mn. This decrease is attributed to the high base of FY23 due to the Atmanirbhar Bharat Rojgar Yojana. Experts note that this slowdown doesn't align with India's recent high economic growth, suggesting private sector caution amid geopolitical uncertainty.

Get ready to withdraw PF through UPI as EPFO 3.0 launch date nears; 5 big changes coming

Quess adds 1.33 lakh new formal jobs, 23% includes women: Pulse report

India's formal economy is expanding, with record EPFO enrollments driven by young workers, as revealed by Quess Corp's report. Female labor force participation is rising, particularly in IT and ITeS sectors. Retail, BFSI, and telecom are key employment sectors, while states like Madhya Pradesh show strong workforce stability. Policy changes and infrastructure improvements are crucial for sustained growth and inclusivity.

EPFO 3.0 coming soon

EPFO sees record number of net formal jobs added in June

As per the provisional payroll data, released by the ministry of labour and employment on Wednesday, the Employees’ Provident Fund Organisations (EPFO) added a record 2.18 million net formal jobs in June, an increase of 12.9% when compared to June 2024.

Explained: What is Mutual Fund - Voluntary Retirement Account scheme by AMFI and how is it similar to US 401(k)

India is preparing for a significant increase in its elderly population. Association of Mutual Funds in India (AMFI) introduces Mutual Fund-Voluntary Retirement Account (MF-VRA). This scheme is inspired by the U.S. 401(k) plan. It offers voluntary participation and employer-sponsored options. Mutual funds will manage it with tax incentives and flexibility.

Statistics, Labour ministries should jointly assess impact of PM Viksit Bharat Rozgar Yojana: Labour secretary

Labour and statistics ministries are set to collaborate on assessing the impact of PM Viksit Bharat Rozgar Yojana, aiming to generate 3.5 crore jobs. This partnership seeks to leverage real-time employment data and surveys to refine policies and establish a labour market intelligence system. MoSPI is also working on sub-state level data and reducing survey time lags.

Fraudsters target SBI customers in mobile number change fraud; bank asks customers to stay alert

SBI has alerted customers about a new fraud targeting pensioners, where scammers attempt to replace registered mobile numbers to intercept banking alerts. Fraudsters posing as bank officials promise faster PPO processing or threaten pension blockage to extract sensitive information. SBI advises caution, urging customers to avoid sharing personal details and to verify app authenticity to safeguard their accounts.

Next-gen GST reforms will set economy open and transparent, says Finance Minister Sitharaman

Union Finance Minister Nirmala Sitharaman announced next generation GST reforms. These reforms aim to create an open and transparent economy. The reforms will reduce compliance burdens and benefit small businesses. PM Modi announced a task force to simplify regulations. Banks are urged to expand credit and support infrastructure development.

Can 8.25% EPF return match 16% equity return? CA explains unique situations how it can

A chartered accountant illustrates scenarios where EPF's 8.25% return can match 16% equity returns over five years, highlighting EPF tax advantages under the new regime. Employer contributions to EPF are tax-free, unlike equity investments where taxes may reduce the investable amount. To match EPF's corpus, equity needs a 16% post-tax return, a figure that decreases with longer investment horizons, as per the CA.

1 out of every 4 PF claims rejected in 2023-24-Know strange reasons why claims of these subscribers were denied

Many salaried employees find claiming their Provident Fund a challenging ordeal despite its promise of financial security. Technical glitches, KYC discrepancies, and overlapping employment records often lead to claim rejections. Subscribers face a maze of procedural hurdles and unexplained errors, highlighting the need for improved EPFO systems and proactive checks by individuals.

UPSC EPFO Recruitment 2025: Registration window to close tomorrow; check steps to apply & other details

UPSC will close the registration window for EPFO recruitment 2025 tomorrow, August 18, offering 230 Enforcement Officer and Assistant PF Commissioner positions. Eligible candidates with a graduation degree can apply through UPSC's official website. The selection process involves a Combined Recruitment Test and an interview, with negative marking for incorrect answers.

Half of EPS-95 pensioners receive under Rs 1,500 monthly, only 0.65% over Rs 6,000

Nearly half of pensioners under the EPS-95 receive less than Rs 1,500 monthly, according to March 2025 data presented to Parliament. A mere 0.65% of over 81 lakh pensioners get over Rs 6,000. Trade unions are advocating for a minimum Rs 9,000 pension. The total amount disbursed increased to Rs 23,027.93 crore in 2023-24.

How to check your balance via the EPFO website?

ETMarkets PMS Talk| REITs and InvITs poised for multi-decade structural growth in India, says Alt’s Rahul Jain

Rahul Jain from Alt highlights the rise of REITs and InvITs as mainstream assets for Indian HNIs, boasting a near ₹4 trillion market cap. These listed real assets offer a blend of stable income, liquidity, and diversification, poised for significant growth due to regulatory reforms and increasing retail participation. An inflection point has been reached, mirroring global trends.

ET WLF 2025: PM Modi vows ‘arsenal of reforms’ after GST, Income Tax overhaul

Prime Minister Narendra Modi has pledged a new wave of reforms to boost manufacturing, energize industry, increase consumption and create jobs, building on recent legislative successes like the Income Tax Bill 2025 and upcoming GST overhaul.

PM Modi pledges 'arsenal of reforms' after GST, Tax Bill push

Prime Minister Narendra Modi has pledged a new wave of reforms to boost manufacturing, energize industry, increase consumption demand, and create jobs. These next-generation reforms will build upon the recent passage of the Income Tax Bill, 2025, and the upcoming GST overhaul.

Women's employment rate nearly doubled to 40.3 pc in last seven years

India has seen a big jump in women joining the workforce. The number of employed women almost doubled between 2017 and 2024. Unemployment among women also decreased during this time. More women are starting their own businesses with government support. Many women have benefited from schemes like PM Mudra Yojana.

How to make Aadhaar-related corrections in EPFO UAN?

Aadhar seeding process as KYC for UAN simplified: Know about EPFO’s latest changes for profile update

The EPFO has simplified Aadhaar as KYC for UAN, allowing members with matching details to update profiles directly, bypassing employer approval. Employers can correct mismatches in name, gender, or date of birth via Joint Declaration.

ET WLF: PM Modi underscores how evolving at pace with world has put India at pinnacle of growth

Narendra Modi highlights government's reform commitment. He emphasizes India's self-reliance goal. India is expected to contribute 20% to global growth soon. Modi plans new reforms to boost manufacturing and employment. He criticizes past governments for missed opportunities. Modi cites job growth and strong economic indicators. He reiterates the vision of Viksit Bharat by 2047.

New EPFO rule: Faster death claim settlements, less paperwork; here's what you need to know

Guardianship Certificates will no longer be necessary when settlement funds are deposited directly into the bank accounts of the deceased member's minor children, according to a new circular by EPFO

How can employees of exempted establishments check their EPFO balance?

Will I need the employer’s permission to correct Aadhaar details in EPFO?

How to update your date of exit in EPF account online

PM Viksit Bharat Rozgar Yojana: Check how to apply, who is eligible and how to get Rs 15,000 incentive in your account

Viksit Bharat Rozgar Yojana: The central government will introduce the Pradhan Mantri Viksit Bharat Rozgar Yojana on August 15, 2025. This scheme offers financial aid to new employees and their employers. The Employees’ Provident Fund Organisation will manage it with a budget of ₹99,446 crore. It aims to generate over 3.5 crore jobs in two years, focusing on the manufacturing sector.

EPFO fast-track process for claim settlement by minors

The Employees’ Provident Fund Organisation, in two separate orders issued on Wednesday, simplified the claim settlement process for minors while also simplifying the procedure for correction of name, gender and date of birth in Aadhaar, in case of its mismatch with universal account number (UAN).

ET World Leaders Forum: PM Modi's full speech

India's economy is growing rapidly. It is set to become the third-largest globally. The nation focuses on macroeconomic stability and fiscal responsibility. India is making strides in sectors like 5G, semiconductors, and space. Reforms are simplifying laws and promoting trust-based governance. The country aims to be a developed nation by 2047. Atmanirbhar Bharat emphasizes speed, scale, and scope.

5 ways you can quickly check your PF balance

Pradhan Mantri Viksit Bharat Rozgar Yojana: How much employee and employer will get under Employment Linked Incentives scheme?

Narendra Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana on August 15, 2025. The scheme aims to generate 3.5 crore jobs with a Rs 1 lakh crore outlay. It has two parts: incentives for new EPF members and employers. Employees earning up to Rs 1 lakh will get wage incentives.

Major EPFO update: New FAT rule delays payroll, UAN generation; are you impacted?

EPFO mandates that, starting August 1, 2025, all allotment and activation of UANs should be done through the UMANG app using face authentication technology.

History of wealth creators: Everything should be in context, whether it is PE or PEG; on a standalone basis they mean nothing

Conventional wisdom suggests that a PEG below 1 is a bargain, a PEG equal to 1 is fair, and anything above is too rich. Textbooks, broker reports, and online forums all echo the same refrain: Avoid stocks with PEGs of 1.5 or 2, because they are overpriced. But history tells a different story. The best of the wealth creators have spent long stretches trading on PEGs comfortably above 1, often above 2, and yet delivered extraordinary returns. To understand why, one has to look beyond the formula to the essence of what investors are truly paying for: The quality and durability of growth.

ETMarkets PMS talk | Alternative managers gaining ground: 70% of PMS capital now with non-institutional players, says Manish Bhandari

Manish Bhandari highlights PMS sector growth driven by independent managers, with 70% of institutional capital managed outside traditional institutions. He sees economic benefits in closer India–China–Russia ties, favours infrastructure, cement, healthcare, and selective auto ancillary plays, stressing valuation discipline and diverse strategies.

ISF flag issues with new registration of workers under mandatory facial authentication technology

The Indian Staffing Federation (ISF) has urged the EPFO to reinstate the employer's ability to generate UANs for new hires, aiming to streamline onboarding. ISF also requests a six-month deferral of mandatory facial authentication to ease fresh recruitments and ensure timely PF contributions.

EPFO UAN generation: Only EPF members can generate PF Universal Account Number now on Umang application

EPFO UAN generation: The Employees' Provident Fund Organisation will introduce new rules. Starting August 1, 2025, UAN allotment and activation will be done through the UMANG App. Face Authentication Technology will be used. This will ensure error-free UAN generation. New facilities are available on the UMANG App.

APMI eyes Rs 25 lakh crore PMS AUM in 5 years, pushes for wider investor base, says Bhavin Shah

APMI aims to grow India’s PMS industry to Rs 25 lakh crore AUM in five years by expanding beyond metros to Tier 2 and 3 cities and attracting affluent investors, family offices, and NRIs. Focused on regulatory reforms, investor protection, digital innovation, and easing compliance, APMI seeks to make PMS a trusted, accessible, and high-growth investment avenue aligned with the Viksit Bharat 2047 vision.

24-year-old Bangalore techie asks for a financial roast about his spending but gets respect instead

A 24-year-old Bangalore professional shared his Rs 1.3 lakh monthly budget on Reddit, allocating funds to rent, family, essentials, indulgences, and investments. He saves a significant portion, with Rs 8 lakh invested across various instruments and no debt. While Redditors largely praised his financial discipline, some suggested improvements like insurance and passive income streams, advising a slight adjustment to his spending habits.

Can auto and IT sectors outperform Nifty over next 3 years? This is what Feroze Azeez has to say

Feroze Azeez from Anand Rathi Wealth predicts that the auto and IT sectors will outperform the Nifty index by 3-4% compounded over the next three years. Despite geopolitical concerns impacting goods exports, IT earnings remain strong. Azeez believes the trade war's overhang on IT is creating a growth opportunity, with Nifty IT potentially beating Nifty in the coming years.

EPFO UAN generation: How to generate UAN via UMANG app using Aadhaar-Based Face Verification

India’s PMS industry at an inflection point, says SEBI Chief Tuhin Kanta Pandey at APMI conference

SEBI Chairman Tuhin Kanta Pandey highlighted the strong growth of India’s PMS industry, driven by rising private wealth, digital transformation, and regulatory support. He emphasized the need for governance, transparency, and innovation, while urging collaboration with APMI to ensure investor protection and sustained expansion in a maturing financial ecosystem.

UPSC EPFO 2025 recruitment begins for 230 vacancies; Check applications process, last date, syllabus, exam pattern, eligibility

UPSC EPFO Recruitment 2025: The UPSC has initiated the recruitment process for 230 positions in the EPFO, including Enforcement Officer/Accounts Officer and Assistant Provident Fund Commissioner roles at upsconline.nic.in. Online applications are accepted from July 29 to August 18, 2025. Candidates with a Bachelor’s degree are eligible, and selection involves a written test and interview, with pay scales as per the 7th Pay Commission.

UPSC EPFO Recruitment 2025: Apply now for enforcement officer and PF commissioner posts

UPSC EPFO Recruitment 2025 Application Begins: The UPSC has commenced the online application process for EPFO recruitment 2025, offering 56 Enforcement Officer/Accounts Officer and 74 Assistant Provident Fund Commissioner positions. Eligible candidates with a bachelor's degree can apply until August 18, 2025, through the official website. Selection involves a Combined Recruitment Test and an interview, with job responsibilities spanning enforcement, accounts, administration, and pension-related tasks.

EPFO orders audit of applications for higher pension; exempted units in focus

The Employees' Provident Fund Organisation (EPFO) will audit pension applications related to higher wages, prioritizing exempted establishments, to ensure compliance with the Supreme Court's 2022 directive. This internal audit, prompted by the labour ministry, aims to verify the proper disposal of applications and will be completed by September 30.

CGHS beneficiaries: Hospital claims to be rejected without geo-tagged photo upload in these cases, revised rules issued

The Ministry of Health & Family Welfare has eased geo-tagging rules for CGHS, offering hospitals a one-time waiver on daily photo uploads until 2025. Revised guidelines now require geo-tagged photos only at admission and discharge for non-referral IPD cases, with additional photos every 7 days for longer stays.

EPF withdrawal claim: Do you need to submit any documents while withdrawing money from your EPF account?

Many EPF members are confused whether they are required to submit any documentary evidence while submitting an EPF withdrawal claim to the EPFO. The government has provided the answer to this query in the current parliament session.

First-time job seekers benefit most by PMVBRY: Provident fund official

Salil Sankar, Regional PF Commissioner I, EPFO, highlighted that PMVBRY significantly aids first-time job seekers by addressing employers' concerns about initial low productivity. The scheme offers incentives, ranging from wage percentages to fixed amounts, for employers hiring new employees. Pavan Jasti, Regional Commissioner-II, EPFO, emphasized the streamlined process for both employers and employees, ensuring easy scheme adoption.

17 crore jobs created under Modi rule in 10 years: Mansukh Mandaviya to Parliament

The Modi government created 17 crore jobs in ten years. This is a significant increase from the UPA's 3 crore jobs. The government provided 11 lakh jobs in the last 16 months. PM Viksit Bharat Rozgar Yojana will create over 4 crore jobs with a Rs 2 lakh crore outlay. The scheme incentivizes job creation, focusing on first-timers and employers.

Log in to the EPFO Member portal

Time to buy may be good or bad, but business should be good: 5 mid-caps from different sectors with upside potential of up to 25%

A consistent dividend (or thoughtful buybacks) is less about the cheque you receive and more about capital allocation: It signals a management’s willingness to share cash when reinvestment opportunities are absent, and it often points to better governance. In short, prefer mid-caps that demonstrate the repeatability of returns on capital, fund growth largely from internal accruals, convert profits to free cash flows, and treat minority shareholders fairly; these traits won’t eliminate drawdowns, but they tilt the odds toward resilience and faster recovery when the cycle turns.

EPFO's net payroll addition in May 2025 at record high of 20.06 lakh

The EPFO witnessed a record addition of 20.06 lakh net members in May 2025, marking the highest since April 2018, driven by 9.42 lakh new employees. The 18-25 age group dominated new subscriptions, while rejoining members also showed a significant increase. Female subscribers and specific industries like expert services contributed to this substantial growth in formal employment.

EPFO adds record 2.01 million net formal jobs in May

As per the provisional payroll data, released by the ministry of labour and employment on Monday, this is the highest recorded addition since payroll data tracking began in April 2018. Month-on-month the net formal jobs went up by 5.23% compared to 1.91 million added in April 2025, it said.

Will minimum EPS-95 pension be hiked this festive season? Govt responds in Parliament

Indian pensioners are eagerly awaiting a potential increase to the minimum monthly pension under the Employees' Pension Scheme (EPS-95). Currently at Rs. 1,000, trade unions and public representatives have long advocated for a raise. While the government acknowledges these requests and provides budgetary support to maintain the existing minimum, it cites an actuarial deficit in the fund.

Employment Linked Incentive: Earn Rs 15,000 through ELI Scheme-But there is a catch

On July 1, 2025, the Union government approved the ELI Scheme, which aims to support employment generation, enhance employability and social security across all sectors, with a particular emphasis on the manufacturing sector

Govt to roll out employment-linked incentive scheme from August 1

The Labour Ministry announces the PM Viksit Bharat Rozgar Yojana will begin August 1, 2025. The scheme aims to create over 3.5 crore jobs. It focuses on first-time employees and incentivizes employers. First-timers get EPF wage support. Employers receive incentives for new hires. The scheme targets job creation across sectors, especially manufacturing. Payments will be made through direct benefit transfer.

Tired of EPF passbook site errors? This govt app can help; here's how

Even if the main EPFO website is down, you can still access many EPFO services, such as viewing passbooks and raising and tracking claims through the UMANG (Unified Mobile Application for New-age Governance) app from your mobile phone. Through the UMAG app, EPF members can access several services of EPFO, including passbook viewing and claim status checks.

Eligibility criteria for life cover under EPFO scheme eased

The labour ministry has eased eligibility norms under the EDLI scheme. Now, families of deceased employees will receive a minimum assurance benefit of ₹50,000, even if the employee’s PF balance was below that amount. Service gaps of up to 60 days will be treated as continuous employment, and employees dying within six months of their last PF contribution will remain eligible.

Short-term valuation headwinds? Yes. Long-term growth potential intact? Yes. Which ‘Yes’ is more relevant?

What is “financialization of savings”? Well, it is the trend of shifting savings from traditional, physical assets like real estate or gold to financial assets like stocks, mutual funds, or bonds. It is a trend that is only catching on in India, compared to developed economies where it is the norm. How do we say it is a growing trend? Because there is clear historical evidence of this. And there is no doubt that, on an absolute basis, the total number of investors trading in the Indian markets will be higher two years from now. Also, given the corrections and volatility we have seen of late, this participation may well take the safer MF route.

Labour ministry notifies minimum assurance benefit criteria for EDLI subscribers

The labour ministry has relaxed criteria for the Employees’ Deposit Linked Insurance (EDLI) scheme, ensuring a minimum assurance benefit of Rs 50,000 for beneficiary families, even with a lower average provident fund balance. Gaps of up to sixty days between employment spells will be ignored for eligibility.

Step 1: Visit EPFO website

EPF withdrawals made easier for PF members but this impacts your retirement corpus

Recent relaxations in EPF withdrawals allowed easy liquidity to cash-starved members, but it is advisable to resist this temptation and not compromise on retirement readiness.

Your EPF account to get 8.25% interest credit this week: 4 ways to check provident fund interest credit, balance

The EPFO will finalize crediting 8.25% interest for 2024-2025 into members' accounts this week. Labour Minister Mansukh Mandaviya stated that interest has already been credited to 32.39 crore member accounts.

Centre asks states to link their employment-oriented schemes with the objectives of ELI

In a virtual meeting with labour and industry minister of states to gauge their preparedness for the roll-out of the Employment-Linked Incentive (ELI) scheme from August 1, labour and employment minister Mansukh Mandaviya also urging them to actively promote the ELI scheme, saying ELI scheme represents the second step after the Production Linked Incentive (PLI) scheme in the direction of building an Atmanirbhar Bharat.

EPFO credits interest for 2024-25 in 323.9 million member accounts

The process has now been optimized for faster processing due to which the entire exercise has mostly been completed in June itself, labour and employment minister Mansukh Mandaviya said on Tuesday.

Has EPFO announced a new form for pensioners to be submitted by July 28? Here's what the government says

A viral message falsely claimed that EPFO pensioners must submit a new form by July 28, 2025, or face pension suspension. PIB Fact Check confirmed this is fake news. New EPS rules starting January 1, 2025, will allow pensioners to access their pension from any bank branch across India.

Fool-proof mechanism in place to implement employment linked incentive scheme: Labour Ministry

The Labour Ministry has devised a digital mechanism for the Rs 1.07-lakh crore Employment Linked Incentive (ELI) scheme, aiming to generate 3.5 crore jobs in two years. Implemented through EPFO, the scheme learns from ABRY's shortcomings, ensuring direct benefit transfers to employees and employers.

Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here’s how to track your EPF properly

Your Employee Provident Fund withdrawals can face rejection due to discrepancies in contributions and employment records cause issues. Missing or delayed payments by employers create problems for employees. Hence, employees should regularly monitor their EPF accounts, and must report discrepancies to employers and the EPFO. You can track your EPF contributions through UMANG app.

EPFO member may soon be able to withdraw EPF money through ATMs, UPI directly

Employees' Provident Fund Organisation subscribers might soon access their EPF money directly. They can use ATMs or UPI after linking bank accounts. The labour ministry is working on this project. A portion of the EPF will be frozen. A large part will be available for withdrawal. The EPFO is resolving software challenges.

EPFO raises advance claim limit under auto settlement mode to Rs 5 lakh

The move is expected to benefit over 70 million subscribers of the Employees’ Provident Fund Organisation who will not get up to Rs 5 lakh of advance claims as against Rs 1 lakh earlier within three days without any human intervention, ensuring quick turnaround and transparency. The move is aimed at enhancing ease of living for EPFO subscribers, the ministry of labour and employment said on Tuesday.

Employment-linked incentive scheme: Who will benefit?

The Union Cabinet has approved the employment-linked incentive scheme (ELI) with an outlay of Rs 99,446 crore, effective August 1st. New employees earning up to Rs 1 lakh per month will receive incentives up to Rs 15,000, while employers can get up to Rs 3,000 per month for two years per additional employee.

India may soon have social security agreement with UK under free trade pact

India and the UK have finalized a free trade agreement that includes a social security pact, ensuring employees on foreign assignments avoid double social security contributions. This agreement, a reciprocal arrangement, allows employees to get full pension benefits while employers are spared from making double payments. India plans to include such social security agreements in all future FTA negotiations.

Regulatory overload: MSMEs face Rs 13 lakh yearly compliance costs, over 1,000 regulations and high jail risk, says report

TeamLease Regtech’s latest report highlights that a single manufacturing unit of an MSME is required to adhere to 998 unique obligations, totalling over 1,450 obligations each year.

EPFO increases auto-settlement limit for EPF advance claims from Rs 1 lakh to Rs 5 lakhs: Mansukh Mandaviya

EPF auto-claim limit increased: The Union Minister for Labour & Employment has announced the increase in auto-settlement limit for advance claims from EPF to Rs 5 lakh from Rs 1 lakh earlier. This auto-advance limit covers illness, education, housing etc.

EPFO adds 19.14 lakh net members in April 2025

In April 2025, EPFO added 19.14 lakh members, a 31.31% increase from March, signaling rising employment. New subscribers, especially those aged 18-25, significantly contributed to this growth. Around 15.77 lakh previously exited members rejoined, opting to transfer their funds. Female subscribers also saw a notable increase, reflecting a more inclusive workforce. Maharashtra led state-wise additions, comprising 21.

Has PM Modi launched an investment scheme offering daily profit of Rs 1.25 lakh? Here is what govt says

Artificial intelligence and media manipulation have led to the production of videos that appear remarkably realistic. Scammers use these strategies to take advantage of people's faith in public leaders and governmental organisations.

Over 3 crore jobs coming soon: Cabinet approves ELI scheme with an outlay of Rs 99,446 cr

The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with an outlay of Rs. 99446 crore, aiming to generate over 3.5 crore jobs. This scheme incentivizes first-time employees and supports sustained employment, particularly in the manufacturing sector, by providing wage support and incentives to employers for creating additional jobs.

India pushes for social security pacts in all FTAs

India and the US are in talks for a social security agreement. This could be part of a larger trade deal. Such agreements may become standard in future trade negotiations. Labour Ministry sources confirm this move. A recent meeting discussed the matter. India aims to include these agreements in all FTAs. This benefits Indian professionals working abroad.

Formal job creation under EPFO up 1.2% in April at 1.9 million: Payroll data

The Employees’ Provident Fund Organisation saw a 1.17% increase in net formal job creation in April, reaching 1.91 million. New subscriber enrollment dipped slightly compared to April 2024, but increased from March 2025, with young adults dominating new additions.

EPFO cautions members against taking help from agents for online services

The EPFO cautions members against using third-party agents for services, advising them to utilize the free online portal to protect their financial data. The organization has streamlined processes like KYC updates and claim submissions, removing employer approvals in many cases.

Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services

A nationwide strike is expected to disrupt essential services. Over 25 crore workers will protest new labor codes and privatization. Banking, postal, and insurance sectors may face closures. Unions demand higher minimum wages and the old pension scheme. Farmer organizations support the strike, raising concerns about MSP and loan waivers.

Largecaps offer safety as mid- and smallcap rallies look overstretched: Nitin Bhasin

Nitin Bhasin of Ambit suggests Indian markets are navigating a landscape of rich valuations and strong flows despite modest earnings growth expectations for FY26, particularly with downgrades in BFSI and healthcare. He points to tariffs as a key directional factor, advising investors to reduce underweight positions in IT and be cautious on banks, favoring large caps amidst market volatility.

New Employment Linked Incentive Scheme from August 1, 2025, to give one month's EPF wage: Who is eligible and how much money they can get

The newly introduced schemes showcase the government's focus on employment generation. The schemes will be applicable for jobs created between August 1, 2025, and July 31, 2027, across all sectors, with a substantial budget allocation of Rs 99,446 crore dedicated to incentivizing both employees and employers.

Cabinet approves employment-linked incentive (ELI) and research development and innovation (RDI) schemes

The two mega schemes will cost around Rs 2 lakh crore and aimed at enhancing formal job creation and enhanced private sector participation in research and development. Other key decisions include upgradation of 46.7 km national highway in Tamil Nadu on hybrid annuity model and the National Sports Policy 2025.

General Provident Fund (GPF) interest rate for July-September 2025 announced for these central govt employees

The Ministry of Finance has maintained the interest rate for the General Provident Fund (GPF) and related schemes for the July-September 2025 quarter.

A landmark day: PM Modi after Cabinet's nod to Khelo Bharat Niti

The government approved the Khelo Bharat Niti to boost sports. This policy focuses on excellence and economic development. A Research Development and Innovation scheme with a large corpus was also approved. An Employment Linked Incentive scheme aims to create jobs. Highway construction in Tamil Nadu received a nod. These initiatives signal a strong push for growth and development in India.

How to merge multiple PF accounts?

Salaried employees often end up with multiple Provident Fund (PF) accounts due to job changes over the course of their careers. Since each new employer creates a separate PF account, it becomes essential to consolidate them into a single account.

EPF: Do you need to upload documents on EPFO portal to update your date of joining and leaving a job?

The Employees' Provident Fund Organisation has streamlined the process for EPF members to update their employment history, including joining and exit dates. Members with Aadhaar-validated UANs can now directly update profile details without document uploads.

EPF withdrawals via ATM, instant UPI as EPFO 3.0 likely to roll out in June 2025

The EPFO is set to revolutionize PF withdrawals by June 2025, enabling instant access via UPI and ATMs, pending NPCI approval. This initiative, supported by the Ministry of Labour and Employment, will allow members to check balances and transfer funds seamlessly.

EPFO removes cheque leaf upload requirement

Cabinet approves ₹2 lk cr package for jobs, R&D, sports policy and highway project

The Union Cabinet, led by Prime Minister Narendra Modi, has given the green light to several significant initiatives. A substantial investment will be made in research and development. This aims to boost domestic manufacturing and technological advancement. An Employment Linked Incentive scheme is set to generate numerous jobs. The Khelo Bharat Niti 2025 will revamp the sports sector.

Deadline to activate UAN for EPFO's ELI Scheme extended again; Check new last date, how to activate your UAN and avail benefits

Employees can activate their UAN through the EPFO portal using an Aadhaar-based OTP. This activation is mandatory to claim monetary benefits under the ELI scheme announced in the Union Budget 2024.

EPFO 3.0 rollout soon, subscribers can withdraw funds from ATMs: Mansukh Mandaviya

Union Labour Minister Mansukh Mandaviya announced that the EPFO will launch its 'EPFO 3.0 version' soon. This upgrade allows subscribers to withdraw funds from ATMs, making the system equivalent to banking. Users can handle their transactions without visiting EPFO offices.

EPFO launches WhatsApp helpline service

This initiative will allow the PF subscribers to interact directly with EPFO's regional offices on a personalised level adhering to one-to-one guidance principle. WhatsApp helpline is now functional in all the 138 regional offices of EPFO.

EPFO settles 11.94 lakh claims in June this year

In June, as much as Rs 6,497 crore was received by EPFO as contribution by subscribers towards social security schemes run by it.

EPFO weighs exit policy to maximise returns on investments

The EPFO has no exit policy at present as it largely invests in government securities that have a definite maturity window.

Now EPFO members having UAN can link Aadhaar online

Meeting the know your customers (KYC) norms by the Employees' Provident Fund Organisation (EPFO) subscribers help them access a host of online services.

EPFO to launch Aadhar-linked withdrawal, pension services by March 2017

EPFO will launch a host of Aadhaar-linked online services such as PF withdrawal and pension fixation for its 4 crore subscribers by the end of this fiscal.

EPFO, world's ninth largest by assets, not considering any proposal to invest in stock markets

"We are not considering any proposal to invest in stock markets or equity at present," EPFO Central Provident Fund Commissioner K K Jalan said.

EPFO employees can now shift from National Pension System (NPS) to Unified Pension Scheme (UPS)

The 112th meeting of the executive committee (EC) of the central board of trustees, EPF under labour and employment secretary Sumita Dawra on Tuesday formally adopted the unified pension scheme (UPS) for EPFO employees. The UPS is expected to ensure financial security post-retirement, offering a minimum guaranteed pension along with additional benefits such as family pension provisions and dearness relief adjustments, the ministry of labour and employment said in a statement issued on Wednesday.

Boon for 4.5 crore subscribers: EPFO may give option to raise equity exposure

Proposal to raise the equity component, if it goes through, will fetch higher returns for EPFO subscribers in the current declining interest rate regime.

EPFO set for brand makeover, to get a tagline and a brand ambassador

EPFO will soon get a tagline to brand itself and this is likely to be followed by a brand ambassador who would be the face of the organisation.