To simplify and to make the process of allotment and activation of UAN stronger, EPFO (Employees Provident Fund Organisation) has launched a number of features in the UMANG app while leveraging the face authentication technology (FAT). Now, EPFO subscribers can use this technology for allotment and activation of Universal Account Number (UAN). What are the … Read more
While this flexibility is a great relief during critical times, it’s important to understand the rules, limits, tax implications, and the overall impact of such withdrawals on long-term financial security. EPF withdrawal for marriage and higher education To access EPF funds for marriage or higher education, the rules are quite strict. Sanjay Kesari, former regional … Read more
The Central government’s Employees Provident Fund Organisation (EPFO) has decided to likely increase the auto settlement of the advanced claim (ASAC) limit to ₹5 lakh, compared to its current levels of ₹1 lakh, reported the news agency Yearsciting people aware of the development on Monday, March 31. LiveMint couldn’t independently verify the report. (This is … Read more
He was told he could withdraw the VPF anytime after a five-year lock-in period. Fast-forward to 2025, and he needed to withdraw funds to purchase a flat. To his surprise, there was no separate VPF accounting in his account. He could only see his EPF balance, and withdrawals, too, had limitations. “It is a misconception … Read more
Long queues, time-consuming documentation, rejections in requests, and constant delays, these are typically the images that come to mind when one considers taking advantage of your Employees’ Provident Fund (EPFO) corpus in India. All of this could be a thing of the past soon. Union Labour Minister Mansukh Mandaviya made the announcement of the imminent … Read more
The Employees’ Provident Fund Organization (EPFO) has revised the rules for updating the profile of the members. With the recent revision, EPF members can update their Aadhaar-linked Universal Account Numbers (UAN) with personal details without the need to upload documents. EPF members can update their profiles with personal information such as name, date of birth, … Read more
Some people who applied for it after the Supreme Court order in November 2022 are still waiting for the Employees’ Provident Fund Organisation (EPFO) to accept their applications. Though, according to a 26 February statement, the EPFO aims to process all applications by 31 March 2025, employees continue to question the methodology for calculating the … Read more
The government is considering to introduce the Employees’ Provident Fund (EPF) claims settlement option via the United Payment Interface (UPI) to ease the fund withdrawal process. EPF withdrawal is daunting for employees, who often fail to get their savings due to claim rejections. According to the EPF annual report released in 2024, one in every … Read more