Stay updated with the latest employees-provident-fund-malaysia news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on employees-provident-fund-malaysia topics.
New Delhi: The central government has clarified in Lok Sabha that there is no proposal at present to raise the Employees' Provident Fund (EPF) interest rate to 10 percent. Labour and Employment Minister Shobha Karandlaje said that no formal request has been received from labour unions seeking such an increase. The statement came in response to an unstarred question on March 30, 2026, raised by Member of Parliament Vijayakumar alias Vijay Vasanth. The clarification puts to rest speculation about ...Read More >
EPF retirement age is 58, not 60.EPF earns interest for 3 years post-retirement at age 58.EPS pension starts at 58, regardless of working status. For many salaried employees, EPF is often seen as a straightforward retirement savings tool, money goes in every month and grows over time. But when it comes to key rules around retirement age, interest accrual, withdrawals, and pension, there is a fair amount of confusion. From whether EPF retirement is 58 or 60, to how long your balance continues t ...Read More >
New Delhi [India], March 31: Most employees assume their Employees' Provident Fund (EPF) is easily accessible. However, many only discover issues years later, typically at the time of withdrawal, during a job transition, or even during background verification. Claims can get delayed, rejected, or remain unresolved, often without clear reasons. Also Read | Sadak Suraksha Abhiyan 2026: Aamir Khan Talks About Road Safety, Shares Strict Rule He Has Taught His Children (Watch Video). In FY24-25, ov ...Read More >
New Delhi [India], March 2 (ANI): The central government has retained an 8.25 per cent annual rate of interest to be credited on Employees' Provident Fund (EPF) accumulations in members' accounts for the financial year 2025-26, according to the Ministry of Labour and Employment of India. The interest rate would be officially notified by the Government of India, following which the Employees' Provident Fund Organisation (EPFO) would credit the rate of interest into the subscribers' accounts. Th ...Read More >
NEW DELHI: The Central Board of Trustees (CBT) has recommended an 8.25% rate of interest on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, offering continued relief and stable returns to over six crore subscribers amid global economic uncertainties. The decision was taken at the 239th meeting of the CBT chaired by Union Labour and Employment Minister Mansukh Mandaviya in New Delhi on Monday. The interest rate will be officially notified by the Government of India, foll ...Read More >
CHANDIGARH: A portion of the frontal section of Congress MLA Sukhpal Singh Khaira's house in Bholath, Kapurthala, was demolished on Monday by the office of the Block Development and Panchayat Officer (BDPO). Khaira, a strong critic of Punjab Chief Minister Bhagwant Mann, condemned the move, calling it the dangerous introduction of "bulldozer (Pila-Panja) politics" in Punjab by Mann under directions from AAP supremo Arvind Kejriwal, aimed at silencing criticism and democratic dissent. As the de ...Read More >
New Delhi, Feb 23 (PTI) A total of Rs 30.52 crore stuck in over seven lakh inoperative accounts of the retirement fund body EPFO will soon be returned to the account holders or their legal heirs, a labour ministry source said on Monday. The Ministry of Labour & Employment, in a review meeting, decided to settle 7.11 lakh inoperative accounts of the Employees' Provident Fund Organisation (EPFO), each having a balance of up to Rs 1,000, the source said. The provident fund account, which has not ...Read More >
VMPLMumbai (Maharashtra) [India], December 1: For most salaried Indians, Provident Fund (PF) is that one pot of money that quietly grows in the background, meant to be there when life stops going according to plan or there is a crucial life event such as marriage, home loan or purchase. Yet the moment people actually need it or try online PF withdrawal, many discover a hard truth: PF withdrawal often feels less like a process and more like a toss of a coin.The rules are written. The steps are li ...Read More >
Mumbai (Maharashtra) [India], December 1: For most salaried Indians, Provident Fund (PF) is that one pot of money that quietly grows in the background, meant to be there when life stops going according to plan or there is a crucial life event such as marriage, home loan or purchase. Yet the moment people actually need it or try online PF withdrawal, many discover a hard truth: PF withdrawal often feels less like a process and more like a toss of a coin.The rules are written. The steps are listed ...Read More >
VMPLMumbai (Maharashtra) [India], December 1: For most salaried Indians, Provident Fund (PF) is that one pot of money that quietly grows in the background, meant to be there when life stops going according to plan or there is a crucial life event such as marriage, home loan or purchase. Yet the moment people actually need it or try online PF withdrawal, many discover a hard truth: PF withdrawal often feels less like a process and more like a toss of a coin.The rules are written. The steps are li ...Read More >
VMPL Mumbai (Maharashtra) [India], December 1: For most salaried Indians, Provident Fund (PF) is that one pot of money that quietly grows in the background, meant to be there when life stops going according to plan or there is a crucial life event such as marriage, home loan or purchase. Yet the moment people actually need it or try online PF withdrawal, many discover a hard truth: PF withdrawal often feels less like a process and more like a toss of a coin. The rules are written. The steps ar ...Read More >
Union Labour Minister Mansukh Mandaviya told a meeting of the Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) in New Delhi on Monday (October 13, 2025) that the Cabinet was actively considering increasing the minimum PF pension. Though the issue was not in agenda, trade union members in the CBT said during the discussions that the minimum PF pension should be revised from the present amount of ₹1,000 a month. "The Minister did not rule it out and said the Ca ...Read More >
New Delhi: The 238th meeting of Central Board of Trustees (CBT), EPF recently approved Simplified and Liberalized Partial Withdrawals to Enhance Member Convenience and Retirement Security. Under the chairmanship of Union Minister for Labour & Employment and Youth Affairs & Sports Mansukh Mandaviya, the took a number of decisions. 1. To enhance Ease of Living of EPF members, CBT decided to simplify the partial withdrawal provisions of EPF Scheme by merging 13 complex provisions into a single, s ...Read More >
New Delhi [India], October 16 (ANI): Union Minister of Youth Affairs and Sports, and Labour and Employment, Mansukh Mandaviya, on Wednesday highlighted the substantial relaxation in the Employees' Provident Fund Organisation (EPFO) rules, making EPF withdrawal simpler for employees. According to the new rules, employees who lose their jobs can now withdraw 75% of their EPF amount immediately. The remaining 25% can be withdrawn after one year, ensuring that the employee's 10-year service tenure ...Read More >
MARTOLI, India (AP) -- Dozens of dilapidated stone buildings are what is left of the once-thriving border village of Martoli, in the northern Indian state of Uttarakhand. Nestled in Johar Valley and surrounded by Himalayan peaks -- the most notable being Nanda Devi, once considered the tallest mountain in the world -- this village had traded sugar, lentils, spices and cloth for salt and wool with Tibetans across the border. The nomadic occupants of several villages spent the winter months in th ...Read More >
New Delhi [India], October 16 (ANI): Union Minister of Youth Affairs and Sports, and Labour and Employment, Mansukh Mandaviya, on Wednesday highlighted the substantial relaxation in the Employees' Provident Fund Organisation (EPFO) rules, making EPF withdrawal simpler for employees. According to the new rules, employees who lose their jobs can now withdraw 75% of their EPF amount immediately. The remaining 25% can be withdrawn after one year, ensuring that the employee's 10-year service tenure ...Read More >
The ministry of labour and employment, on Friday, notified relaxed criteria for subscribers of the Employees' Deposit Linked Insurance (EDLI) scheme under the Employees' Provident Fund Organisation. As per the notification, the beneficiary family will be eligible for a minimum assurance benefit of Rs 50,000 in the event of death of an employee even if his average provident fund balance is less than Rs 50,000. Further, for the purpose of determining the continuous period of twelve months requir ...Read More >
New Delhi, July 17: In a major move that could bring relief to over 7 crore Employees' Provident Fund Organisation (EPFO) members, the Centre is reportedly considering a proposal to allow full or partial withdrawal of EPF savings after 10 years of service. According to a Moneycontrol report, the retirement fund body has floated this idea to address the needs of those who wish to exit the formal workforce earlier than the official retirement age of 58. Currently, EPF members can withdraw their f ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
Hyderabad: B. Chandra Sekhar, regional provident fund commissioner-I, Employees' Provident Fund Organisation (EPFO) zonal office Telangana, briefed the media on the Centre's newly approved Employment Linked Incentive (ELI) Scheme, which aims to create over 3.5 crore formal jobs over the next two years. Addressing the media on Tuesday, he described the ELI Scheme as a "direct intervention to shift the workforce into formal employment with long-term security. The initiative offers wage-linked inc ...Read More >
NEW DELHI: In a bid to boost employment generation, especially in the manufacturing sector, the Union Cabinet on Tuesday approved the Employment Linked Incentive (ELI) Scheme with an outlay of Rs 99,446 crore. The scheme is expected to create 3.5 crore jobs across the country over a two-year period, Minister of Information and Broadcasting Ashwini Vaishnaw said while announcing the scheme. Of these, 1.92 crore beneficiaries are expected to be first-time entrants into the workforce, the minister ...Read More >
New Delhi: The Employees' Provident Fund Organisation (EPFO) is planning to introduce a new "self-approval" mechanism for subscribers to withdraw their provident fund (PF) money through an automated process, according to a report by The Financial Express. The proposed system is aimed at simplifying and speeding up the PF withdrawal process, which currently involves multiple checks, approvals, and submission of forms. At present, subscribers must wait for their requests to be verified and appro ...Read More >
New Delhi, Dec 13 (PTI) Subscribers of the retirement fund body EPFO may soon be able to withdraw money from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly stated in a media report that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for December 13, 2024 Declared, Check Winning Numbers and Result Chart of ...Read More >
New Delhi, Dec 13 (PTI) Subscribers of the retirement fund body EPFO may soon be able to withdraw money from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly stated in a media report that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce. She further said that claimants, beneficiaries or insured individuals will be able to access their claims through an ATM. According ...Read More >
The Employees' Provident Fund Organisation (EPFO) via its circular asked the employees to activate their Universal Account Number (UAN) and Aadhaar seeding of the bank account. The activation and linking was to be done by November 30, 2024, so employees could get the direct benefit transfer (DBT)of the Employment Linked Incentive (ELI) scheme directly into their bank account. However, some employees would have missed the deadline to activate and link their UAN by November 30, 2024. ET Wealth spo ...Read More >
No need for new UAN when changing jobsConsolidate multiple UANs via EPFO portalSubmit Form-13 to transfer balance and details If you're changing jobs, the Employees Provident Fund Organisation (EPFO) has an important guideline. It has mentioned that one does not need to generate a new Universal Account Number (UAN) when leaving one's previous job. A UAN is a 12-digit number that serves as a unique identifier for your EPF account, ensuring your provident fund (PF) remains linked to you across d ...Read More >
If you are in the process of changing your job then the Employees Provident Fund Organisation (EPFO) has an important message for you. The retirement fund body has told the employees that they do not need to apply for a new UAN (Universal Account Number) at the time of changing jobs. This is because a member is not supposed to have more than one UAN. "Employees are not required to generate a new UAN when leaving their old employment. A member cannot have more than one UAN. There is no requireme ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.