Bharat Express

EPFO

The EPFO has more than doubled its investment corpus in the past five years. It reached Rs 24.75 lakh crore in 2023-24, up from Rs 11.1 lakh crore in 2019-20, according to official data.

The Labor Ministry on Saturday informed that Central Board of Trustees of the employee' provident fund (EPFO) has come up with a redemption policy for exchange traded funds(ETF) aimed at generating higher income for the subscribers. 

EPFO has reported a net addition of 18.81 lakh members in September 2024, marking a 9.33% increase compared to the same month last year.

A dominant portion of the new enrollments, 59.26%, came from the 18-25 age group, reflecting a growing number of young workers entering the organized sector

Union Minister Dr. Mansukh Mandaviya attributed the surge in new memberships to increased employment opportunities, better awareness of employee benefits, and EPFO’s outreach initiatives

This data, disclosed on Monday, underscores the trends shaping India's workforce landscape and highlights strides towards inclusivity and financial security.

This was one of the EPF interest rate approvals that the Finance Ministry gave in the shortest amount of time.

Edtech unicorn Byju's has not deposited the provident fund (PF) money for several of its employees.

EPFO provides relief, extends deadline for pension scheme application till June 26

EPFO: More than 6 crore PF account holders of the country have been waiting for the interest received on their PROVIDENT FUND for a long time.