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EPF

You can withdraw EPF for treatment without doctor certificate

How to merge two or more EPFO accounts

How to correct name, birth date in PF account

How to claim EPF online by linking UAN with Aadhaar

How to withdraw PF and EPS money after leaving your job

EPF stands for Employees' Provident Fund (EPF) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The scheme is managed under the aegis of Employees' Provident Fun...EPF stands for Employees' Provident Fund (EPF) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The scheme is managed under the aegis of Employees' Provident Fund Organisation (EPFO).

Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a lump sum amount including self and employer's contribution with interest on both, on retirement. As per the rules, in EPF, employee whose 'pay' is more than Rs 15,000 a month at the time of joining, is not eligible and is called non-eligible employee. Employees drawing less than Rs 15,000 a month have to mandatorily become members of the EPF. However, an employee who is drawing 'pay' above prescribed limit (currently Rs 15,000) can become a member with permission of Assistant PF Commissioner, if he and his employer agree. Contribution paid by the employer is 12 per cent of basic wages plus dearness allowance plus retaining allowance. An equal contribution is payable by the employee also.

In case of establishments which employ less than 20 employees or meet certain other conditions as notified by the EPFO, the contribution rate for both employee and the employer is limited to 10 percent. The EPFO’s Central Board of Trustees after consultation with the Ministry of Finance reviews the interest rate of EPF every year, for a financial year.

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EPF

EPF stands for Employees' Provident Fund (EPF) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The scheme is managed under the aegis of Employees' Provident Fund Organisation (EPFO).Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a lump sum amount including self and employer's contribution with interest on both, on retirement. As per the rules, in EPF, employee whose 'pay' is more than Rs 15,000 a month at the time of joining, is not eligible and is called non-eligible employee. Employees drawing less than Rs 15,000 a month have to mandatorily become members of the EPF. However, an employee who is drawing 'pay' above prescribed limit (currently Rs 15,000) can become a member with permission of Assistant PF Commissioner, if he and his employer agree. Contribution paid by the employer is 12 per cent of basic wages plus dearness allowance plus retaining allowance. An equal contribution is payable by the employee also.In case of establishments which employ less than 20 employees or meet certain other conditions as notified by the EPFO, the contribution rate for both employee and the employer is limited to 10 percent. The EPFO’s Central Board of Trustees after consultation with the Ministry of Finance reviews the interest rate of EPF every year, for a financial year.

EPF 3.0: Withdraw PF by swiping from ATMs

Swift and hassle-free withdrawal of provident fund money could be revolutionary. Paradoxically, the current time-consuming and tedious process of submitting claims to take out money, and getting approvals, inherently acts as a disincentive or a deterrent for EPF members from making frequent and early withdrawals.

8.25% interest rate on EPF balance for FY 2024-25 got final nod from Govt: Check how it will impact your EPF balance

8.25% interest rate for EPF for FY 2024-25: The Central Government has approved an 8.25% interest rate for FY 2024-25, which ended on March 31, 2025. As the government has approved this interest rate, it will impact the EPF balance of the EPF account holders. Read on to know how much interest you will get and when EPF interest will be credited to your account.

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.

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.

Error free EPF account transfer

Finance Ministry OKs 8.25% EPF interest rate

The government has approved an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for FY 2024-25, benefiting over 70 million subscribers. The labour ministry has instructed EPFO to credit the interest, unchanged from FY24, after finance ministry approval. EPF offers high, stable returns and tax benefits, making it an attractive investment for salaried individuals.

Your step-by-step guide to retirement planning: Secure your future with confidence

Retirement planning is a lifelong journey, starting early is crucial for a secure future. The article breaks down retirement planning into four stages, emphasizing the importance of consistent saving, strategic investments, and adapting to changing financial responsibilities. It also addresses common retirement challenges and offers solutions for those who start late, highlighting the significance of financial freedom in later years.

Govt ratifies interest rate of 8.25% on employees' provident fund for FY25

The central government has approved an 8.25% interest rate for Employees' Provident Fund deposits for fiscal year 2024-25. This benefits over 7 crore subscribers. The rate matches last year's, supported by strong income. EPFO also saw a surge in auto-claims settlements. You can check your EPF balance easily. Use the UMANG app, EPFO portal, or a missed call.

Many Indians may not be saving enough for retirement

In its report, released on Wednesday, based on the analysis of a pension survey conducted between August 2024 and September 2024, Grant Thornton Bharat said there is a significant gap between the desired pension and the perceived adequacy of current retirement savings, suggesting the need for introducing more guaranteed income products, such as annuities, to cater to the demand for stability.

Earning Rs 20 lakh annually not enough to buy home in Gurgaon? Techie shares conversation with friend; post goes viral

A social media post ignited a debate about unaffordable housing in Indian cities. A tech worker highlighted that even with a Rs 20 lakh annual salary, his friend can't afford a home in Gurugram with decent amenities. This situation underscores the increasing difficulty of homeownership, even for high earners, due to skyrocketing real estate prices.

EPFO 3.0 roll out, free Aadhaar update, Form 16 for ITR filing: 7 money changes in June 2025; check details here

June 2025 brings significant financial changes, including the EPFO 3.0 launch for simplified PF withdrawals and revised credit card policies from HDFC, Axis, and Kotak Mahindra Bank. Taxpayers should note the TDS certificate deadline, while individuals have until June 14 to update Aadhaar details for free.

To address overlapping service period issue in PF transfer, EPFO simplifies rules for account transfer from old to new employer

The Employees' Provident Fund Organisation (EPFO) has introduced measures to streamline transfer claim processing, addressing issues of overlapping service periods that previously led to automatic rejections.

EPF changes in 2025: New form to transfer EPF account, instant UAN activation, other announcements made by EPFO that you need to know

EPFO has recently announced several important updates aimed at making Provident Fund (PF) operations more efficient, transparent, and user-friendly.

Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid

Taxpayers stand to benefit from a 45-day extension for filing returns due to significant ITR form changes in Budget 2024. However, errors can crop up despite online filing improvements, ranging from incorrect forms to misreporting income. Avoiding these mistakes, like neglecting AIS/Form 26AS reconciliation or HRA claim errors, is crucial to prevent penalties and ensure accurate tax computation.

A higher CTC doesn’t always equal higher take-home salary: Check CTC break-up to know actual take home

A higher CTC doesn’t always translate to a higher take-home salary. Rather than focusing solely on the total CTC, it’s wiser to evaluate its components and consider the benefits that are truly valuable.

EPF website not working? Check your PF balance with missed call or SMS

Facing trouble accessing your EPF passbook online? The EPF Passbook portal offers a convenient way to check your Provident Fund (PF) balance. However, users may sometimes face difficulties accessing it due to several reasons.

Delayed EPF interest? Will you be at loss if EPF interest credit is delayed?

If the annual interest credit is delayed, many EPF subscribers may become apprehensive if they will lose the opportunity to earn compound interest on accrued interest due to this delay. Members can conveniently check their EPF balance through the UMANG app, EPFO portal, SMS, or missed calls.

Atal Pension Yojana gets record 7.65 crore subscribers: Know what has really worked and how it helps subscriber in retirement

Primarily aimed at low-income and unorganised sector workers, Atal Pension Yojana has become one of the country’s most accessible and inclusive social security initiatives. With a growing subscriber base and an expanding pension fund, the scheme has become an important component of India’s retirement savings framework.

Nominee vs Legal Heir: Who gets insurance money after death? Here's what Indian law says

Nominees are appointed to receive funds upon someone's death, but they do not get to become ultimate beneficiaries of the same. While succession laws change depending on the insured's religion, law sees nominees as merely custodians. However, there are some cases where even the nominee has a legal right to the deceased person's insurance money. Read on to know more.

EPF interest rate: Will you lose higher interest on EPF if you don't transfer your EPF account from old to new employer?

Indian salaried individuals should transfer their EPF accounts upon changing jobs to continue earning interest. Neglecting this transfer can lead to loss of potential gains, especially with the current EPF interest rate at 8.25%.

Operation Sindoor takeaways: How India can sharpen its edge over Pakistan

Operation Sindoor highlights India's resolve against terror, but Trump's mediation offer raises sovereignty questions. While military strength is crucial, relying solely on it isn't enough. India must counter Pakistan's threat by undermining the two-nation theory through internal reforms and superior defense capabilities, especially against China, fostering domestic tech innovation for advanced warfare.

EPFO's scheme more beneficial for construction workers: Regional provident fund commissioner

The Employees' Provident Fund Organisation scheme offers superior protection for construction workers. A regional provident fund commissioner ruled this after a Kerala High Court directive. The ruling resolves conflict between EPF and BOCW Acts. EPF scheme provides lifetime pension and death benefits. It also offers portability and better access. BOCW scheme faces challenges of inefficiency and underutilisation.

EPFO updates: Key changes and enhancements for EPF members

Process review likely for firms surrendering EPFO exemption

The Labour Ministry plans to revise rules for employers surrendering EPFO exemptions. This aims to protect workers' interests and speed up the process. A committee will review procedures to ensure transparency and prevent fraud. The goal is faster processing of applications. This will help EPFO gain more subscribers. Mansukh Mandaviya directed a review of standard operating procedures.

Changes in EPF website: EPFO updates Form 13 to ease PF account transfer process, to show taxable PF

Employees Provident Fund Organisation has made some changes. A new version of Form 13 simplifies PF transfers. The EPF website now clearly shows taxable and non-taxable PF interest. These changes will help over 1.25 crore members.

EPFO simplifies PF transfer process; move to benefit over 12.5 million members

The Employees' Provident Fund Organisation has streamlined PF account transfers by eliminating employer approval in most cases, benefiting over 12.5 million members. This revamp simplifies the process, speeds up transfers of approximately ₹90,000 crore annually, and includes a feature for bifurcating taxable and non-taxable PF components.

EPFO simplifies PF account transfer process on job change

Employees' Provident Fund Organisation has made it easier to transfer PF accounts. Now, employer approval is not needed in most cases. This change speeds up the transfer process. It benefits over 1.25 crore members. Around Rs 90,000 crore will be transferred faster each year. EPFO has also introduced bulk UAN generation. This ensures quicker crediting of funds.

EPF due payment via demand draft: EPFO allows one-time payment of past EPF dues via Demand Draft

The EPFO now permits employers to make one-time payments of past EPF dues via Demand Drafts, addressing situations where the standard Electronic Challan-cum-Return (ECR) system is unfeasible. While emphasizing internet banking as the preferred method, the EPFO allows this alternative if the regional officer is satisfied it's a one-time request.

EPFO 3.0 launch soon: Faster claims, ATM withdrawals & more

The EPFO is launching Version 3.0 by June to benefit over 9 crore users with ATM withdrawals and faster claim processing, according to Union Minister Mansukh Mandaviya. This digital overhaul aims to simplify services, eliminating complex forms and physical visits. The new system will enable OTP-verified account updates and easy fund monitoring.

EPFO simplifies UAN allotment: Now generate, activate UAN instantly with Face ID on UMANG App; Know how to use it

The EPFO circular has specified the process that provident fund members can use to instantly get and activate their UAN. It is important to note that UAN is one of the important documents in EPF.

EPF UAN activation: Check these three new facilities in UMANG app

Bengaluru techie compares salary vs career vs life in Dubai, USA, and India. His final verdict will surprise you

A Bengaluru techie's LinkedIn post comparing the financial and emotional benefits of working in India, Dubai, and the USA has sparked widespread discussion. Anish Sengupta's analysis, considering job security, taxation, cost of living, and cultural factors, suggests Dubai is best for tax-free income, India for family life and stability, and the USA for global career growth.

Big relief for EPF members: Faster withdrawals and bank account seeding without employer’s approval

EPFO simplifies the claim settlement process by removing the need to upload cheque leaf or passbook images and eliminating employer approval for bank account seeding. These changes enhance convenience for over 6 crore members and reduce delays, improving the overall efficiency for employers.

EPFO subscribers can now generate UAN via face authentication process

The Employees' Provident Fund Organisation (EPFO) has introduced face authentication for generating Universal Account Numbers (UAN) and accessing related services, simplifying the process for millions of subscribers. This initiative, along with the removal of certain documentation requirements and employer approvals, aims to provide contactless, secure, and fully digital service delivery.

RBI cuts repo rate: Indian Bank, PNB, Bank of India revise RLLR rates; lower EMI for home loan borrowers

The Reserve Bank of India on Wednesday reduced the repo rate by 25 basis points, bringing it down to 6% from 6.25% The impact of the reduction of RLLR will vary between old and new home loan borrowers. Most of these banks have promptly passed on the reduction benefit to new borrowers. However, existing borrowers will benefit according to their respective interest rate reset cycles.

PF withdrawal process just got easier: Check all changes by EPFO

EPFO has eliminated the need to upload a cancelled cheque image or employer-verified bank account details for online PF withdrawals. This move, effective after a successful pilot, will speed up claim settlements for members and ease the process for employers. With immediate effect, over 14.95 lakh members awaiting approvals will benefit from the simplified process.

EPFO enables face authentication for UAN generation and activation

This is part of the series of measures announced by EPFO over the last one month under EPFO 2.0 initiative to streamline processes and simplify procedures. The move aimed at enhancing the ease of living for millions of EPFO subscribers while fast-tracking UAN generation and activation for all EPFO subscribers.

Private sector PF trusts increasingly surrendering exempted establishment status under EPFO

Private sector provident fund trusts are increasingly surrendering their exempted status to EPFO, with 17 establishments applying in FY24. This shift is driven by EPFO's higher returns, increased management costs for trusts, and the growing size of establishments making trust management more complex. Over the past two years, 27 establishments surrendered their exemption, adding 30,000 employees and ₹1,688.

EPFO simplifies claim settlement process; move to benefit over 77 million subscribers

EPFO has simplified its claim settlement process for over 77 million members by removing the need for a cheque leaf image and attested bank passbook. Additionally, employer approval is no longer required for seeding bank account details with UAN, expediting the claim settlement process and reducing grievances.

New EPFO rules for death benefit: 3 changes announced under the EPF's EDLI scheme; check details

The EPFO's Central Board of Trustees announces changes to the Employees' Deposit Linked Scheme to enhance benefits for families of EPF members. Key changes include a minimum benefit for new members, death benefits after non-contributory periods, and consideration of service continuity despite short employment gaps.

EPF interest rate 8.25% for 2024-25: What’s actual interest amount you will get in your EPF account now? Here’s how to calculate it

EPF interest rate 8.25%: The Labour Ministry has retained the 8.25% interest rate for the current financial year 2024-25. Once the interest rate is notified by the finance ministry, the EPF account holders will get the interest credited to their EPF account. Very few EPF account holders are aware of how EPF interest is calculated.

Now complete your Mutual Fund KYC from home; India Post brings doorstep verification service

India Post has partnered with Nippon India Mutual Fund to offer door-to-door KYC verification services, making mutual fund investments more accessible for senior citizens, rural investors, and those with mobility challenges.

Going abroad? How to handle your EPF when you move to another country

It is crucial to manage your EPF account before relocating abroad for work, as you can withdraw the balance immediately. The process includes submitting the appropriate forms, and retaining the account could be beneficial for temporary relocations. Additionally, some countries have Social Security Agreements with India to avoid dual contributions.

Automatic EPF account transfer from old to new job: How EPFO's facility works

Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from their old employer to new employer. However, this facility is available to certain EPF members only satisfying certain conditions. Read on to know to whom automatic EPF account transfer facility is available and how it works.

PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement

New EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employees Provident Fund Scheme will help EPF members to get more interest in claim settlement and faster claim settlement. Know all about the new rule, when it is applicable, and which EPF claims it will impact.

Will your EPF account earn tax-free interest even after you leave job?

Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the time of retirement. However, not many people are aware of the finer details of the scheme. How long money can be kept in the EPF account after leaving job? If an interest will be earned on those EPF accounts.

How to check if your employer has deposited your EPF contribution into the account

Once the Employees' Provident Fund deduction has been deducted from an employee's salary, an employer must deposit the same in the EPF account within the prescribed time limit. However, there have been instances where an employer has failed to deposit the same on time. If the deposit is not made by the employer, it is ultimately a loss for an employee.

Relaxation in EPF deposit rules for employers did not lead to interest loss: Here's why

Due to on-going coronavirus pandemic, EPFO provided relief to the employers by providing relaxation in making the statutory deposit for March 2020. However, this decision would not lead to interest loss for members of the EPF scheme. Here's why.

EPF withdrawal claim: How many days does it take to settle an EPF withdrawal claim?

Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation since making a withdrawal claim.

Can you transfer EPF account from unexempted trust to EPFO, exempted trust?

EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it.

You could lose section 80C tax benefit on EPF contribution; here's why

Section 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Employees Provident Fund (EPF) contribution. However, not many are aware that if the EPF trust does not meet certain specified conditions, then both the employer and employee contribution will be taxable in the hands of an individual.

Has your EPF interest become taxable after latest salary increments? Here's how to check

The mandatory EPF contribution made to an individual account is calculated on the basic salary amount. Post the appraisal season, as your salary hikes, even the EPF contribution will also hike. If the EPF contribution in a financial year (including VPF) exceeds this specified limit, then interest received on excess contribution is taxable.

How to avoid rejection of EPF withdrawal claim; Steps provident fund member should take

EPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of withdrawal. The reason for rejection of their EPF claim is due to mismatch in the details available in the EPFO records as well as in the EPF account holders' PAN, Aadhaar or incomplete KYC records. Here is how the EPF claim rejection can be avoided.

How to transfer EPF account from EPFO to employer’s EPF trust and vice versa

While changing jobs, it may happen that your new employer runs a private EPF trust whereas old employer used to deposit the EPF money with EPFO. In such a scenario, can you transfer the EPF account?

When does EPF withdrawal become taxable?

Though the biggest USP of the Employees' Provident Fund is its EEE tax status, however, there are certain instances when EPF can become taxable. Here is a look at those circumstances when you are required to pay tax on EPF whether at the time of making contributions or at the time of withdrawal.

How to merge two or more EPF accounts

If an individual has multiple UANs, then it's important that the individual mergers all his/her UANs so that balances from the old EPF accounts can be transferred to the EPF account held with his/her current employer. Given below is the online process of merging two or more UANs of EPF accounts. Do note that an online process can be undertaken provided all the EPF accounts (old as well as new) are KYC compliant.

SpiceJet may be defaulting on EPF: How to check if your employer is depositing it

In Budget 2021, the government amended the income tax law to ensure that employers deposited employees' EPF dues on time.

When will EPF interest be credited for FY 2023-24? Here’s what EPFO has said, 4 ways to check PF balance

EPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rate for provident fund deposits for the 2023–2024 fiscal year in February of 2024. The interest rate for 2023–24 was raised by the EPFO from 8.15% to 8.25% from the previous year.

New EPF auto-settlement claim rules for medical, education, marriage, housing: How to use this facility, eligibility

EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverage of auto-settlement of withdrawal claims to marriage, housing and higher education. The auto-settlement claim was earlier available for specified medical illness only. Read on to know who can apply for these claims, documents required to apply and other details.

Now, even idle EPF account will earn interest

The dilution in the definition of inoperative accounts means that from Nov 11, more account holders will get interest against funds lying idle in their EPF accounts.

EPFO declares 8.15% as EPF interest rate for FY 2022-23

The EPFO has announced the interest rate for EPF accounts for the financial year ended on March 31, 2023. The interest rate for FY 2022-23 has been hiked by 0.05%

Is there a last date to file e-nomination in EPF account?

It is important to ensure that an individual makes a nominee in his/her EPF and EPS account so that after their demise, monetary proceeds can be easily given to the nominee.

You can file EPF e-nomination after Dec 31 too

The Employees' Provident Fund Organisation (EPFO) has said that members can e-file EPF nominations beyond December 31, 2021. This facility can be availed from the EPFO's member sewa portal.

When will EPF interest for FY 2022-23 be credited, how to check EPF account balance

EPF interest rate for FY 2022-23: Salaried workers are required to make a contribution to the Employees Provident Fund. Additionally, an employer is required to contribute in a matched manner to the EPF account.

These EPF members have started receiving interest payments for FY 2023-24; check EPFO’s statement, 4 ways to check EPF balance

EPF interest payment for FY2023-24: The Government of India has authorized and informed that interest rate for EPF members for the Financial Year 2023–2024 is 8.25% on May 31, 2024. The EPFO said that EPF members' interest rates are not disclosed quarterly.

EPFO gives relief to these EPF members from submitting joint declaration form

EPFO Joint declaration form submission: EPF scheme rules require mandatory submission of this form if an EPF member wants to contribute on basic pay exceeding statutory limit of Rs 15,000 per month. The EPFO has also started sending SMSes to the EPF members to submit the joint declaration form as soon as possible.

EPFO issues new process for EPF accounts updation to correct name, Aadhaar, date of birth, 8 other details

The Employees' Provident Fund Organisation (EPFO) has issued a new circular on August 23, 2023, to standardise the process of correcting details in the EPF account. As per the new process, an EPF member can correct 11 details in her profile. The new circular has put the restrictions on number of times these 11 details can be corrected or updated.

Do EPF members suffer loss if interest payment is delayed by EPFO? Know how withdrawal works when interest credit is pending

Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial year 2023-24 was announced in February to be 8.25% however, the actual payment of interest into respective EPF accounts may take longer. Most EPF members have this concern whether they will lose out earning more interest due to this delay. We tell you how it works.

Know the maximum investment in VPF for tax free interest on EPF account

If an individual is covered Employees' Provident Fund (EPF), then every month same is deducted from his/her salary. To make an additional contribution to the EPF account, one can do so via Voluntary Provident Fund (VPF). However, do note that if the contributions via EPF and VPF exceed Rs 2.5 lakh in a year, then the interest earned on it will become taxable.

From August 1, EPF contributions will be deducted at 12 per cent

The Employees' Provident Fund (EPF) monthly contributions were reduced from 12 per cent to 10 per cent as a part of the Atma Nirbhar Bharat Package back in May 2020. The move was aimed at providing some savings to employers and employees to tide over coronavirus crisis.

How to change EPF nomination online

Every member should name a candidate or nominee to receive the EPF's funds if he or she passes away prematurely. Thus, it is vital to keep your nomination details up to date in order to avoid any legal issues for your loved ones in the future.

EPFO issues new rules for inoperative, inactive EPF accounts to stop frauds: Check the latest details

EPF inoperative inactive accounts unblock: The Employees Provident Fund Organisation (EPFO) has issued new guidelines to make the inoperative and inactive, transaction-less accounts active again. The new rules are issued to stop the frauds and also to ensure proper verification is done before money in credited into the claimant bank accounts.

How EPF discriminates against those who need it the most

The government is in the process of implementing the new Labour Codes, likely to be effective from April 1, 2021. One of the important aspects of the code is to provide ‘social security for all’. In keeping with this spirit, there is a need to amend the tax laws also, to no longer subject EPF withdrawals to tax.

Why EPF still remains a good bet for investors despite rate cut

EPF is still attractive and government savings bonds and mutual funds are likely to offer better returns going ahead.

How to file new nomination in EPF account online

Members of EPF can make changes to their existing EPF/EPS nominations by filing a new nomination. The new EPF/EPS nomination will take precedence over the previous one.

EPF interest rate hiked to 8.25% for FY 23-24; 4 ways to check your EPF balance

EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette if approved by the Ministry of Finance. EPFO will then credit the agreed rate of interest to its EPF subscribers' accounts.

EPFO Interest Rate Hike: EPFO declares 8.25% as EPF interest rate for FY 2023-24

EPFO Interest Rate Hike: The Employees Provident Fund is a mandated contribution for salaried employees. An employer is also obligated to make a matching contribution to the EPF account. On a monthly basis, an employee contributes 12% of his earnings to his EPF account. The employee's whole contribution is placed into the EPF account. In the case of the employer, just 3.67 percent is deposited into the EPF account. The remaining 8.33% goes to the Employees Pension Scheme (EPS).

How EPF discriminates against those who need it the most

For a vast number of the salaried, the employee provident fund (EPF) is the only social security net they have. But the EPF rules are such that they tend to discriminate against the young and vulnerable — those who have not yet worked for five years without a break. It took a pandemic to expose how this hurts the private-sector salaried workers most when they were hit hard.

EPF Nomination Rules: Getting married makes your EPF, EPS nomination invalid

As per EPF scheme rules, once you get married the previous nomination made by you automatically becomes invalid in your PF and EPS account.

EPF interest rate fixed at 8.15% for FY 2022-23 by EPFO; hikes interest rate by 0.05%

The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2022-23 as per the sources quoted by news agency PTI. If this interest rate is finalised by the Central Board of Trustees (CBT), then there is hike in interest rate by 0.05%. The EPFO board is meeting for two days to decide the interest rate on EPF account.

EPF withdrawals will be less taxing now. All about the big budget announcement

Withdrawals from an EPF account before the completion of five years are currently taxable. TDS is not applicable if the withdrawal amount is less than Rs 50,000. However, TDS will be imposed at the maximum rate of 30 per cent for withdrawals exceeding Rs 50,000 if you haven't seeded your PAN with EPF account.

EPFO credits 23.34 crore EPF accounts with interest of 8.5% for FY2020-21: How to check PF balance

Employees who contribute to an EPF account can check their account balance using these methods: Umang App, EPFO Member e-Sewa online, SMS, or a missed call.

TDS on EPF: When TDS is applicable on EPF withdrawal, how to avoid it

If an EPF balance is withdrawn before 5 years of service, TDS is deducted at a rate of 10%. TDS will be deducted at the highest slab rate of 30% if PAN is not provided during withdrawal.

EPF members can do KYC, correction in provident fund account online: Here is a step-by-step guide to do it

Correction in EPF details online: It may happen that an employee details such as name, gender, date of birth, father/mother's name etc. in the EPFO records are wrong. This may be due to spelling errors or wrong details mentioned in the EPF records. The EPFO has launched an online facility to correct KYC details online. Here is a step by step guide on how to use online KYC facility to correct details.

How to transfer your EPF account online

There are certain conditions that an individual must satisfy while transferring money from one EPF account to another.

EPF, PPF interest rate gap widens to 105 basis points: Self-employed class disadvantaged

Even if the EPF rate is cut, the difference would remain substantial thereby disadvantaging the self-employed class in terms of retirement savings.

EPF claim rejections: 8 reasons your EPF withdrawal claim can get rejected, how to avoid it

EPF withdrawal: Here are some of the common reasons why your claim could be rejected and solutions to avoid the rejection.

Have multiple EPF account UANs? Here’s how to merge more than two UANs

The UAN is constant throughout your career; even if you change jobs over the years, your UAN will remain the same. With the use of the Universal Account Number, or UAN, one can merge their multiple EPF accounts.

Your employer's EPF, NPS contribution can be taxable in your hands: Here's how to check if it is

As per the announcement made in Budget 2020, if an employer's total contribution to the EPF, NPS and superannuation fund exceeds Rs 7.5 lakh in an FY, then the excess contribution will be taxable to an employee. Further, any interest, dividend etc. earned on the excess contribution is also taxable. This income tax rule is effective from April 1, 2020, onwards.

How to download your EPF passbook

The Employees Provident Fund (EPF) statement shows the total corpus that has been accumulated in the EPF account through contributions made by an employee and employer. To access the EPF passbook, one must be registered with the EPFO website.

8.1% EPF interest rate approved for 2021-2022, amount to be credit soon; Here’s how to check EPF balance

For 2021-22, the Centre has approved an interest rate on Employees' Provident Fund (EPF) deposits of 8.1 percent, down from 8.5 percent the previous year. You can check your EPF amount using the Umang App, EPFO Member e-Sewa online, SMS, or a missed call.

What will happen to your EPF, EPS if govt hikes PF wage limit to Rs 21,000?

As per The Economic Times report, the government is considering raising the monthly wage threshold limit from Rs 15,000 currently to Rs 21,000. If this proposal goes through, this will have an impact on your EPF corpus, EPS contribution, amount of pension you are eligible to receive among others. The last time government hiked the wage ceiling limit in September 2014.

Now you need not file separate EPF transfer claim on switching jobs

EPFO subscribers are no longer required to file separate EPF transfer claims using Form-13 after changing jobs as it will now be done automatically.

EPF withdrawal: How to check, change bank account details in your EPF account

It is important that your correct bank account with correct IFSC is linked to your Universal Account Number (UAN) to receive the credit of EPF funds timely.

EPF vs NPS: Who should move from EPF and who should stay put

Unless the problems facing the EPF are addressed, the scheme is headed for trouble and younger people should consider moving out to the more transparent and better managed NPS. The NPS also offers them the potential to earn better returns than the EPF which has a very small portion of its corpus in equities.

When can intern, trainee, apprentice get EPF account with employer?

The Employees' Provident Fund Organisation (EPFO) has issued two circulars laying down the guidelines when EPF will be deducted from the stipend paid to intern/trainee/apprentice and when will it not be. The Employees' Provident Fund and Miscellaneous Provisions Act, 1952 is silent on whether stipend comes under the purview of law.