Diabytes
EPFO subscribers News
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This allows employees 24/7 access to EPFO services from the comfort of their homes, eliminating the need for physical visits to EPFO offices.
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Numerous subscribers have voiced their grievances regarding delays in claim settlements through EPFO's official handle on X.
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The net subscriber addition in December has increased by 19.98 per cent as compared to the previous month of November 2021, a labour ministry statement said.
The net subscriber addition in November 2021 was revised downwards to 12.17 lakh from 13.95 lakh provisional estimates released in January 2022.
Of the total 14.60 lakh net subscribers added in December, 2021, 9.11 lakh new members have been enrolled under EPF & MP Act, 1952 for the first time.
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EPFO has urged its members not to share essential information, even if someone purports to be its representative and asks for it, in a social media message from its official Twitter handle.
Subscribers to provident funds should be aware that the EPFO never requests money from its members via WhatsApp or any other social media platform in exchange for its services.
EPFO members can use DigiLocker to protect themselves from online scams. DigiLocker is a secure cloud-based platform for document and certificate storage, exchange, and verification.
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The data reflects a growing trend in net payroll for the first five months of the current financial year.
The net subscriber addition increased by 12.61 per cent as compared to the previous month of July 2021.
Around 5.62 lakh net subscribers exited but rejoined EPFO.
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One can seek guidance on any queries relating to services provided by EPFO, by putting a WhatsApp message on the helpline number of the concerned regional office
Dedicated WhatsApp Helpline numbers of all regional offices are available on the homepage of EPFO’s official website
The helpline aims to make the subscribers self-reliant by taking digital initiatives of EPFO to the last mile
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The Central Board of Trustees headed by Labour Minister is the apex decision making body of the EPFO which finalises rate of interest on PF deposits for a financial year.
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The government may hike the minimum pension of EPFO Subscribers, sources said.
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At present, EPFO only informs about the credit of contribution to subscribers account by SMS/email to registered universal account number holders.
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Among the various options, the CBT will also decide in its meeting whether or not to give the subscriber an option to return the partial withdrawal to EPFO or not.
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The Employees' Provident Fund Organisation (EPFO) is likely to cut interest rate on the grounds that it is directly crediting exchange trade funds (ETF) units into provident fund accounts and lower yields on other investments, particularly bonds.
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EPFO subscribers would be able to see ETF units in their PF accounts by March- end next year.
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The online facility for applying for CoC was started earlier this month as part of the government's Digital India initiative, the official said.
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Retirement fund body EPFO is likely to announce the interest rate on PF deposits for this fiscal at its trustee meeting slated for next month.
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Retirement fund body EPFO on Thursday joined hands with Housing and Urban Development Corp (HUDCO) to enable its members avail credit-linked subsidy of up to Rs 2.67 lakh for buying affordable homes under PMAY.
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Presently, employees and employers contribute 12 percent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI).
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Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present.
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Retirement fund body EPFO's subscribers will get loyalty-cum-life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20 years or more.
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Nearly four crore members of retirement fund body EPFO will soon be able to settle their claims like EPF withdrawal through mobile application UMANG.
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EPFO has decided to allow pensioners to submit their life certificates electronically and link their accounts with their Aadhaar numbers till today.
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