Epfo Subscribers News Today

Numerous subscribers have voiced their grievances regarding delays in claim settlements through EPFOs official handle on X.

The rate of rejection by the Employees Provident Fund Organisation (EPFO) rose from 13 percent to 34 percent in 5 years

Compared to the previous fiscal year, there has been significant growth in income and principal amount, indicating a healthy financial performance.

In October, formal job creation under the Employees Provident Fund Organisation (EPFO) increased by 18.2% year-on-year, adding 1.53 million net new subscribers. However, compared to Septembers 1.72 million jobs, sequential formal job creation declined by 11%. The EPFO added 770,000 new members in October, a 6.07% rise from the same month last year, with 58.6% of the new joiners in the age group of 18-25 years.

​​ Of the 1.69 million workers added to EPFO in August, 58.3% of the net new workers or 0.92 million were in the 18-25 years age bracket. "This indicates that most of the first-time job seekers are youth joining the organised sector workforce in large numbers.," the ministry of labour and employment said. Further, around 1.18 million members exited but rejoined EPFO, an increase of 10.2% when compared to last year.

To make minor changes in the EPF account, at least two documents from the prescribed list must be submitted, and in case of major changes, three documents will be needed.

Retirement fund body Employees Provident Fund Organisation (EPFO) added 17.2 lakh members on a net basis in April this year.

No need to worry if interest is not updated; EPFO provides important information.

Tomorrow is the last day to apply for a higher pension under the Employees Pension Scheme (EPS). Experts say employees must consider a variety of factors including their own finances, the pension they are likely to receive and the EPF sum they are giving up before taking such a call

Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time, a labour ministry statement said.