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  Here's how EPFO is taking BIG steps to make things easier for its subscribers

  Business | August 23, 2020 10:46 IST

  The Employee Provident Fund Organisation (EPFO) has made significant progress in Updating KYC of its Subscribers During July 2020 despite the coronavirus pandemic. In a big success that is likely to make things easier for people availing employee provident fund services, the EPFO has updated 2.39 Lakh Aadhaar Nos, 4.28 Lakh Mobile numbers & 5.26 Lakh Bank Accounts in the UAN of its subscribers.

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  EPFO records 6.55 lakh net new enrolments in June

  Business | August 20, 2020 21:04 IST

  Net new enrolments with retirement fund body EPFO rose to 6.55 lakh in June from 1.72 lakh during May 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis.

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  EPFO records 6.55 lakh net new enrolments in June

  August 20, 2020 19:19 IST

  Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 3.18 lakh in May this year. The figure has now been revised to 1,72,174.

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  EPFO updates KYC details of 73.58 lakh members in April-June

  Business | July 27, 2020 16:40 IST

  ​Retirement fund body EPFO updated KYC details of 73.58 lakh subscribers in April-June, which enabled them to access a host of its online services, the Labour Ministry said on Monday.  

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  Good news on jobs, EPFO enrolment shows significant rise in May

  Good News | July 21, 2020 13:47 IST

  The Employees' Provident Fund Organisation (EPFO), the retirement fund body, has registered 3.18 lakh net new enrolments in May, a significant improvement from April figures which saw a little over 1 lakh new enrolments.

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  EPFO records 3.18 lakh new enrolments in May

  Business | July 20, 2020 22:47 IST

  Net new enrolments with retirement fund body EPFO rose to 3.18 lakh in May from 1 lakh during April 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis.

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  EPFO adds 1.39 crore subscribers in last two fiscals

  Business | June 22, 2020 16:42 IST

  Retirement fund body added 1.39 crore new subscribers in last two financial years, the Ministry of Labour & Employment said on Monday. "Recently published provisional payroll data by the EPFO highlights the ever growing trend of increasing subscriber base for EPFO, since the collation of payroll data from September 2017," the ministry said in a statement.  

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  EPFO updates KYC details of 52.62 lakh members in April-May: Labour ministry

  Business | June 03, 2020 17:00 IST

  ​Retirement fund body EPFO has updated KYC details of its 52.62 lakh subscribers during the April-May period, according to a labour ministry statement.

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  New EPFO Rules: EPF contribution cut to 10% for May, June, July. Key points to know

  May 19, 2020 13:19 IST

  The Ministry of Labour & Employment has implemented new rules that allow for reduced employees' provident fund (EPF) contributions for three months till July. Here are key points to know about new EPF rules:

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  12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown: FM Sitharaman

  Business | May 17, 2020 14:59 IST

  Finance Minister Nirmala Sitharaman on Sunday said around 12 lakh members of the Employees' Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings during the coronavirus-induced lockdown.

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  12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown: FM Sitharaman

  Business | May 17, 2020 14:41 IST

  Finance Minister Nirmala Sitharaman on Sunday said around 12 lakh members of the Employees' Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings during the coronavirus-induced lockdown.

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  EPFO releases total Rs 764 cr to pensioners for April

  Business | May 05, 2020 15:41 IST

  Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6. 5 lakh tonne (LT) during April 2020.

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  EPFO allows firms to file PF returns without simultaneous payment of dues

  Business | April 30, 2020 20:55 IST

  Retirement fund body EPFO on Thursday allowed employers to file monthly PF returns without making simultaneous payment of dues, giving a relief to about 6 lakh firms amid lockdown to combat the COVID-19 crisis.

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  EPFO settles 3.31 lakh withdrawal claims worth Rs 950 crore in 15 days

  India | April 16, 2020 19:34 IST

  Retirement fund body EPFO settled 3.31 lakh PF withdrawal claims worth around Rs 950 crore in last 15 days to give relief to the members during the lockdown.

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  EPFO to accept Aadhaar as birth proof online from subscribers

  Business | April 05, 2020 17:21 IST

  Retirement fund body EPFO will accept online its subscribers' Aadhaar card as a valid proof to rectify their date of birth to ensure that the account is KYC compliant, the labour ministry said on Sunday.

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  PF Money: Step-by-step guide to withdraw EPF balance citing coronavirus

  Business | March 30, 2020 14:51 IST

  EPFO has made a change in its EPF rule to allow subscribers non-refundable withdrawal of PF money. EPFO subscribers will be allowed to withdraw 75 per cent of PF balance or three months' wages, whichever is lower. EPF account holders can claim for 'advance' withdrawal via EPFO's unified portal -- unifiedportal-mem.epfindia.gov.in. Here's a step-by-step guide to withdraw EPF money citing COVID-19 outbreak.

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  PF Money Alert! EPFO allows non-refundable advance withdrawal during coronavirus pandemic

  Business | March 29, 2020 14:32 IST

  The Union Labour and Employment Ministry has notified amendment to the Employees' Provident Funds (EPF) Scheme to allow withdrawal of non-refundable advance by the members in the event of COVID-19 pandemic.

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  EPFO: Pension to be credited to 65 lakh accounts by March 30

  Business | March 26, 2020 23:19 IST

  As many as 65 lakh beneficiaries will receive pension by March 30 amid the coronavirus lockdown. The Retirement fund body EPFO directed its 135 field offices to ensure the payment of pension by the end of March.   

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  EPFO Alert! Provident Fund interest rate reduced to 8.50% for FY20

  Business | March 05, 2020 13:37 IST

  Bad news for salaried employees as they could face a cut in interest on their provident fund (PF) deposits for FY20. The Central Board of Trustees of Employees Provident Fund Organisation (EPFO) has recommended interest rate of 8.5%.

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  EPFO Alert! Govt to retain 8.65 pc interest rate on EPF deposits; 6 cr members to benefit

  Business | March 01, 2020 13:42 IST

  The labour ministry is keen to retain an interest rate of 8.65 per cent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said.