Tag: The Employees’ Provident Fund Organisation

New Delhi, March 26, 2025.The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI for processing claims, aiming to improve efficiency and reduce transaction time, labour and employment secretary Sumita Dawra said on Tuesday.The Labour and Employment ministry has approved the recommendation of the National Payments Corporation of India (NPCI), which operates retail payments and settlement systems in India.Sumita Dawra, in an interview with the news agency ANI, said that EPFO members will soon be able to withdraw their provident fund through UPI and ATMs by the end of May or June this year."By May-end or June, members will experience a transformative change in accessing their provident funds. They will be able to view their PF account balance directly on UPI...

New Delhi, May 21, 2024.The Employees' Provident Fund Organisation (EPFO) added 14.41 lakh net members in March as per the provisional payroll data released on May 20.The provisional payroll data shows that EPFO added 7.47 lakh new members during March 2024.The data revealed that the 18-25 age group made up 56.83% of the total new members added in March. This shows that the majority of individuals joining the organised workforce are young people and are first-time jobseekers.According to the data, approximately 11.80 lakh members rejoined EPFO after having left t earlier.These members switched their jobs and re-joined the establishments covered under EPFO and opted to transfer their savings instead of applying for final settlement, choosing long-term financial well-bein...