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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: 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 >
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, 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 >
New enrollments to the government's Employees' Provident Fund Scheme rose 5.5 percent for women in the second quarter of FY25 from Q2FY24, even as new enrollments for men shrunk during this period India's formal labour market may be showing signs of cooling off in the second quarter of FY25, but a Moneycontrol analysis shows that women have done better than their male peers. New enrollments to the government's Employees' Provident Fund scheme increased 5.5 percent for women in the second quart ...Read More >
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