Employees’ Provident Fund Organisation of India

Online Transfer of Provident Fund

A revised transfer claim settlement process has been started through an Online Transfer Claim Portal to smoothen the process of transfer of PF accounts. The revised process has following features:- (i) The claim can be submitted by the member in the online mode in addition to physical mode. (ii) The claim can be submitted through… Read More

Tags: BusinessCentral Provident FundDigital signatureEmployee Provident FundEmployees' Provident Fund Organisation of IndiaJob GrowthOnline and offlineOnline Transfer Claim Portal

Achievements of EPFO During August 2013

During the current fiscal, till the month the Organisation settled more than 50 lakh claims out of which 97% was settled within 30 days as mandated by the scheme. In the month of August alone, 10.98 lakh claims were settled and the percentage of claims settled within the above said mandated time-limit was 98.90%. Importantly,… Read More

Tags: Central Provident FundDigital signatureEmployee Provident FundEmployees' Provident Fund Organisation of IndiaIndiaOrganisationOrganization

EPFO shows much better improvement

The number of contributing members to Employee Provident Fund Organisation (EPFO) has crossed 4.00 crore as on 17.08.2013. Similarly, number of establishments covered under EPF & MP Act, who are contributing and filing their return through electronic system has increased to 4 lakh. EPFO also distributed pension to more than 44 lakh pensioners during July,… Read More

Tags: Central Provident FundDigital signatureEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFEPFOJuly 2013

Data of Members under EPFO on Web Facility

Employees™ Provident Fund Organisation (EPFO) has date of birth details for more than 4 crore members out of a total members of 8.87 crore as on 01.08.2013. Web facility has been provided to the Employers to upload the date of birth details of all employees. Further, Field Offices of EPFO have been directed to ask… Read More

Tags: Employee Provident FundEmployees' Provident Fund Organisation of IndiaEPFEPFOESICInsuranceLok SabhaPassbook

EPFO to give Priority to timely Settlement of Claims for Provident Fund

Union Labour & Employment Minister Shri Sis Ram Ola has emphasized that the Employee Provident Fund Organization (EPFO) must give priority to timely settlement of claims for provident fund. In a meeting with the senior officers of EPFO the minister has also emphasized that due to improvement and availability of technology, the citizen rightly expects… Read More

Tags: BharuchEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEPFOGurgaonHuman settlementNoidaSurat

Revised Online Transfer Claim Form For EPFO

Union Labour & Employment Minister Shri Sis Ram Ola today released Revised Transfer Claim form for EPFO beneficiaries marking this as first step towards launch of online Transfer Claim facilities here in New Delhi. The revised form will have the following salient features: ¢ The form will be called Transfer Claim Form instead of Form 13… Read More

Tags: Employee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFOHonMinistry of Labour & EmploymentNew DelhiUnion Labour

CLR Important | Employees Provident Fund Organization proposes radical changes in Provident Fund Coverage

The Employees Provident Fund Organization(EPFO) readying to re-notify a new definition of "compensation" that will include all allowances. Currently, employers contribute only 12% of the basic salary and dearness allowance, which in fact is not paid by most companies currently, towards their share of "matching" provident fund and the Employees Pension Scheme contribution. Hence, for several thousands of employees,… Read More

Tags: BusinessDearness AllowanceEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFOSalaryTax credit

MoF declares 8.5% interest on PF deposits

The Ministry of  Finance has approved payment of 8.5%  rate interest for 2012-13, up from 8.25% in the previous fiscal. The related circular is provided here. ***** Employees™ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) ( Head Office) Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-110066  No. Invest.I/3(2)/133/ ROI/2012-13/4462,   Dated: 15.05.2013 Subject:       Declaration of Rate of Interest for… Read More

Tags: Central GovernmentEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentGovernment of IndiaIndiaMinistry of Labour & EmploymentNew Delhi

Govt initiatives for providing details to PF Account Holders

There are no dormant accounts in Employees™ Provident Fund Organisation (EPFO). However, as per provision of para 72(6) of the Employees™ Provident Funds (EPF) Scheme, 1952, a member™s account under certain condition is classified as Inoperative Account. All such Inoperative Accounts have a definite claimant. As per Para 73(1) of the EPF Scheme, 1952, a… Read More

Tags: Employee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFEPFOProvident Fund OrganisationRajya Sabha

Functioning of Employees™ Provident Fund

As on 31.03.2012, the total members of Employees™ Provident Fund are 8.55 crore and pensioners under Employees™ Pensions Scheme are 41.03 Lakh. The present composition of Central Board of Trustees (CBT), Employees™ Provident Fund (EPF) is Annexed. The composition of the CBT, EPF is as per Section 5A of the Employees™ Provident Fund & Miscellaneous Provisions Act, 1952. As… Read More

Tags: Board of directorsCabinet of IndiaCBTCentral GovernmentEmployee Provident FundEmployees' Provident Fund Organisation of IndiaEPFGovernment of India

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