PF News
Retirement fund body EPFO allows PF subscribers to update their date of joining and exit by themselves. Here is the online process to update your date of exit on EPFO Portal.
Employees' Provident Fund Organisation subscribers can apply for auto-settlement of PF advance claims, requiring no human involvement. The claims are faster, hassle free and come to rescue of PF Subscribers in situations as illness, education, marriage and needing funds for housing purposes.
The Employees’ Provident Fund Organisation (EPFO) mandates companies with 20+ employees to contribute to the Provident Fund (PF) scheme for workers’ retirement benefits. Both employee and employer contribute 12 percent of the employee’s basic salary monthly. While the employee’s full 12 percent goes to their PF account, the employer’s 12 percent is split—8.33 percent towards the Employees’ Pension Scheme (EPS) and 3.67 percent into the Provident Fund. This split often makes the employer’s PF contribution appear less than the employee’s. Employees can check these contributions, including the breakdown, in their EPFO member passbook for clarity and tracking.
Universal Account Number (UAN) helps the PF member to view details of all the Member Identification Numbers (Member Id) linked to it. But not furnishing your UAN details to your new employer could bring hassles for you. Check what should be done when you are switching jobs.
For PF Nomination Form No-2 is prescribed under Employees Provident Fund, employees’ Pension Scheme and Employee’s Deposit Link Insurance Scheme for submitting family and nomination details.
EPFO has now made available the services like UAN Card; Scheme Certificate; and Pension Payment Orders of the EPS Pensioner’s through DigiLocker.
EPFO's recent notification has said that in the event of death of an employee, even if the average provident fund balance is less than Rs 50,000, a minimum assurance benefit of Rs 50,000 shall be payable to his/her family members under Employees’ Deposit-Linked Insurance (Amendment) Scheme.
The central government has approved crediting of interest at the rate of 8.25 per cent on EPF accumulations for the current year 2024-25.
As PF Subscribers have been eagerly waiting for the interest rate for FY 2024-25 to be credited into their account, here's understanding what happens to PF Subscribers with inoperative account? Do they earn interest on it?
PF subscribers can check their PF Balance from the comfort of home using four different ways --check PF balance using SMS, online, missed call and UMANG App.
The EPFO Version 3.0 is also expected to undergo numerous changes with regards to digital corrections, and ATM-based fund withdrawals.
EPFO has enhanced the auto-settlement limit for advance claims to ₹5 lakhs, ensuring faster access to funds for members.
EPFO has strongly advised all its members, employers, and pensioners to utilise the online services available through the EPFO portal and the UMANG app.
What is an inoperative PF account? Do you earn money on your PF that has become inoperative? Find out.
Though nothing has been announced officially yet, it is highly anticipated that EPFO Version 3.0 most likely to be rolled out this month, which will enhance services for over 9 crore beneficiaries. Here are 5 changes you can expect in the latest EPFO version.
When employees withdraw their PF, they subconsciously leave their EPS component behind. What happens to that EPS pension money? How can you track it? Check the details here.
EPFO Version 3.0 most likely to be rolled out this month, which will enhance services for over 9 crore beneficiaries. Here are 5 changes in the EPFO set to launch in June 2025
The interest rate on EPF for 2024-25 is set to be credited into the accounts of the EPFO members soon.
EPFO added 14.58 lakh net members in March, and an increase of 1.15% in net payroll additions compared to March 2024.
EPFO enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February and 0.98 per cent (year-over-year) growth compared to the previous year in March 2024.
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