The minimum pension being paid to eligible pensioners is ₹1,000 under the EPS-95 administered by the EPFO. It has remained low for several years, on account of inflation and a rise in the cost of living. The pensioners, unions, and even some advocacy groups have pressed for a considerable increase in this floor. What Is … Read more
The Employees’ Provident Fund Organization is about to introduce a major upgrade known as version EPFO 3.0, intended to revamp the system for withdrawals from provident funds. Before Diwali 2025, the upgrade will be in place, allowing millions of PF subscribers to pluck their moolah out of bureaucratic maze. What Changes Are Proposed In EPFO … Read more
According to a report published by Moneycontrol, this could impact over 70 million private-sector active EPFO members. The suggestion would accommodate members being allowed to make one whole or partial withdrawal from their PF account once every 10 years. The goal of the amendment is to provide further flexibility to workers, particularly who quit formal … Read more
The Employees’ Provident Fund Organisation (EPFO) is contemplating a new set of reforms under EPFO 3.0 for better and more flexible means for Provident Fund money to be used by subscribers. Some of these reforms include ATM withdrawals and UPI-based transactions for PF balances. Many of these proposals are also expected to be decided upon … Read more
The Employees’ Provident Fund Organization, or better known as EPFO, has officially approved an interest rate of 8.25% on EPF balances for the financial year 2024-25. This is the same rate as for the year gone by; no decrease being implemented is indeed heartening for the subscribers. With the government signing off on the rate, … Read more
For this occasion, the Employees’ Provident Fund Organisation (EPFO) is now organizing a major Central Board-of-Trustees (CBT) meeting on 10-11 October 2025. Finalized reforms will surely be of direct benefit to the members. These reforms address banking facilities, upward pension amounts, and a changed timeline for the rollout of EPFO 3.0, which is a service … Read more