EPFO settles 94.41 lakh claims during pandemic since 1st April 75% of COVID-19 advance and 79% of illness claims settled for PF subscribers earning monthly wages less than Rs. 15,000 Despite the COVID-19 pandemic restrictions, EPFO has been able to settle a staggering 94.41 lakh claims thereby disbursing about Rs 35,445 crore to its members during the period of … [Read more...] about EPFO settles 94.41 lakh claims during pandemic since 1st April
EPFO
EPFO payroll data: enrolment rates increase
EPFO payroll data: enrolment rates increase; 3.18 lakh net new subscribers registered in May 2020 against about 1 lakh in April New establishments registered with EPFO grow by around 72% with 8367 new establishments registering in May as compared to April The provisional payroll data published by EPFO on 20th July, 2020 reveals that net new enrolments has started to make … [Read more...] about EPFO payroll data: enrolment rates increase
EPFO settles 36.02 lakh claims during lockdown
EPFO settles 36.02 lakh claims during lockdown More than 74% beneficiaries are low wage earners To enhance the ease of living experience of its members during the challenging times of COVID -19 lockdown, Employees Provident Fund Organisation (EPFO), a statutory body under Union Ministry of Labour & Employment, has left no stone unturned in ensuring timely and effective … [Read more...] about EPFO settles 36.02 lakh claims during lockdown
EPFO Pensioners to Get Enhanced Pension
EPFO Pensioners to Get Enhanced Pension EPFO released Rs 868 crore pension along with Rs 105 crore arrear on account of restoration of commuted value of pension. On the recommendation of Central Board of Trustees (EPFO), the Government of India accepted one of the long standing demands of workers to allow restoration of commuted value of pension after 15 years. Earlier … [Read more...] about EPFO Pensioners to Get Enhanced Pension
EPFO Releases Rs.764 Crores to Its Pensioners
EPFO Releases Rs.764 Crores to Its Pensioners EPFO has 65 lakh pensioners under its pension scheme. All 135 field offices of EPFO processed pension payment for April, 2020 in advance to avoid inconvenience to pensioners on account of nationwide Covid-19 lockdown. EPFO officers and staff battled all odds to send Rs 764 crore to all Nodal Branches of pension disbursing banks … [Read more...] about EPFO Releases Rs.764 Crores to Its Pensioners
EPFO makes filing of ECR easier for business
EPFO makes filing of ECR easier for business In the current scenario of lockdown announced by the Govt. to control the spread of COVID-19 pandemic and other disruptions, the businesses and enterprises are not able to function normally and are facing liquidity / cash crunch to pay their statutory dues even though they are retaining the employees on their rolls. Keeping in … [Read more...] about EPFO makes filing of ECR easier for business
EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days
As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days About Rs 950 Crore Disbursed The provision notified on 28th March 2020, for a special withdrawal from the EPF Scheme to tide over the COVID-19 pandemic, as part of the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package, has provided timely relief to the working class of the nation. Since the … [Read more...] about EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days
EPFO Issues Revised Instructions to Facilitate PF Members to Rectify their Birth Records
EPFO Issues Revised Instructions to Facilitate PF Members to Rectify their Birth Records In a move to extend the availability and reach of online services in the wake of the COVID-19 pandemic, EPFO has issued revised instructions to its field offices to facilitate PF members to rectify their date of birth in EPFO records, thus ensuring that their UAN is KYC compliant. The … [Read more...] about EPFO Issues Revised Instructions to Facilitate PF Members to Rectify their Birth Records
CPFC Directs to Ensure Credit of Pension to EPS Pensioners
CPFC Directs to Ensure Credit of Pension to EPS Pensioners by 30th March EPFO makes payment of pension to 65 lakh pensioners every month under the Employees pension Scheme, 1995. Central Provident Fund Commissioner (CPFC) had directed to process pension payments in all 135 offices of EPFO in advance so that no inconvenience is caused to pensioners on account of nationwide … [Read more...] about CPFC Directs to Ensure Credit of Pension to EPS Pensioners
EPF amount in public limited companies
EPF amount in public limited companies Employees’ Provident Fund Organization (EPFO) is investing in Exchange Traded Funds (ETFs) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. EPFO does not invest in shares and equities of individual companies. The total amount invested by EPFO in ETFs as on September, 2019 is Rs. 86,966 … [Read more...] about EPF amount in public limited companies