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Pensioners may soon be able to make EPFO claims via UPI: Labour secretary

The EPFO has established a centralised database and after conducting necessary testing, the UPI frontend for EPFO claims may get rolled out by the end of May.

Under the Provident Funds and Miscellaneous Provisions Act, an employer and worker both are required to contribute 12% of a person’s basic salary towards a retirement-benefits corpus managed by the EPFO (HT Photo)
Published on Mar 26, 2025 10:22 AM IST

'Like a bank’: PF withdrawal to get hassle-free after launch of EPFO 3.0

Union Labour Minister Mansukh Mandaviya recently announced that EPFO will be launching EPFO 3.0, which will be equivalent to the banking system.

'It is your money and you can withdraw it as and when you want,' Mandaviya had said(Hindustan Times)
Published on Mar 13, 2025 07:55 PM IST

EPFO keeps interest rates on PF unchanged at 8.25%  

Provident funds provide retirement income and a financial safety net for nearly 70-million salaried Indians. It is often the key corpus of lifetime savings for the working people

The decision not to lower interest rates is a welcome move for the EPFO’s subscribers, for whom provident fund is often the only means to save up for retirement. Yet, the existing interest rate is significantly lower than in 2015-16, when it was be 8.8% (HT Photo)
Updated on Feb 28, 2025 03:59 PM IST

EPFO retains 8.25% interest rate on EPF deposits for 2024-25: Report

EPFO had raised the interest rate on EPF from 8.15% in 2022-23 to 8.25% in 2023-24.

EPFO has reportedly set an interest rate of 8.25% on EPF deposits for 2024-25, PTI reported.(HT Photo)
Published on Feb 28, 2025 12:46 PM IST
By | Edited by Ashley Paul

EPFO tweaks rules, no need for employer nod to update details

Members will now be able to self-correct personal details, including name, addresses and bank details, by logging in to the EPFO website

If the UAN was issued prior to Oct 1, 2017, corrections can be made by the employer without EPFO’s approval. (HT Photo)
Updated on Jan 19, 2025 05:34 AM IST
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