EPFO rules say the claim should be settled within 30 days. If there is a delay, EPFO may have to pay 12 percent interest.
The government has shared fresh updates in Lok Sabha on EPFO 3.0, focusing on how technology is making provident fund services faster and easier for users. From quicker claim settlements to simplified ...
The government has provided an update on EPFO 3.0 reforms. Key developments include faster claim settlements and an expanded ...
PF Pension Claims Tips: Is your EPFO pension claim being rejected repeatedly? Check these essential points before applying. Even minor errors can cause a delay in receiving your funds. PF Pension ...
Many EPFO pension claims get rejected due to simple errors such as incomplete forms, data mismatches or missing documents. The government has now explained the key reasons behind EPS-95 pension claim ...
An employee leaving a company-run PF trust can either withdraw PF savings or transfer the balance to the EPFO account with the new employer ...
The compound interest is credited by EPFO on a monthly running balance basis at the statutory rate declared for each year. For 2024-25, EPFO declared an interest of 8.25%.
EPF members may soon withdraw funds via UPI, with a pilot project set to auto-settle claims for small, inactive accounts.
EPFO Form 2: Today, millions of employees across the country contribute a portion of their salary to the Provident Fund (PF) ...
EPF members may soon withdraw funds directly through UPI, with a target rollout by April 2026. Additionally, a pilot project will automatically settle claims for small inoperative accounts, ...
The retirement fund body has carried out a KYC analysis of such inoperative accounts, as the pilot phase will see auto-settlement for only KYC and Aadhaar-seeded accounts.