EPF members may soon withdraw funds directly through UPI, with a target rollout by April 2026. Additionally, a pilot project ...

EPFO withdrawal process: The Employees' Provident Fund (EPF) is a retirement scheme to save funds for ensuring economic security once you retire. Yet, unexpected outgoings always come up, and the ...

The Employees’ Provident Fund Organisation (EPFO) has issued an important alert for subscribers planning to withdraw money from their Provident Fund (PF) account for reasons not permitted under the ...

The Labour Ministry has begun a major clean-up of inoperative EPF accounts, announcing automatic refunds of ₹30.52 crore lying in over 7 lakh small inactive accounts. The move is part of a wider ...

The new UPI-based system aims to further streamline this by eliminating much of the manual process, reducing the burden on EPFO amid over 5 crore annual claims.

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.

If you have ever changed jobs, stopped contributing to your EPF account, or forgotten about an old provident fund account, there is good news for you. The government has announced a new initiative ...

The Ministry of Labour and Employment will refund Rs 30.52 crore from over 7.11 lakh inactive EPFO accounts, each with a balance up to Rs 1,000. These funds will be credited to Aadhaar-seeded accounts ...

Following a recent review by the Ministry of Labour and Employment, officials indicated that over 7.11 lakh inactive EPFO accounts, each carrying a balance up to Rs 1,000, will be cleared and the ...

CHENNAI: Days after reports suggested that the Union Ministry of Labour and Employment may automatically refund inoperative EPFO accounts to bank accounts, expe ...

Lakhs of EPF account holders are set to benefit from the decision of the Union Labour Ministry to refund balances lying in inoperative accounts under the Employees’ Provident Fund Organisation (EPFO).