Latest Updates : Provident Fund

Government of India Approves 8.15% Interest Rate on EPF Deposits: A Boost for Provident Fund Members

The Ministry of Labour and Employment, Government of India, has recently announced a significant decision that will impact millions of employees across the country. According to a circular issued by the ministry, the Central Government has approved the crediting of interest at 8.15 percent for the year 2022-23 to the account of each member of […]

Atmanirbhar Bharat Rozgar Payroll Updates

Atmanirbhar Bharat Rozgar Yojana-EPFO

Boost to new employment, the Ministry of Finance, in their Press release dated 12th November 2020, has announced a scheme of Atmanirbhar Bharat Rozgar Yojana (ABRY) under Atmanirbhar Bharat Package 3.0 Click here to download notification Key Features All Establishments registered under EPFO as of the date of the Press release shall be eligible for benefit […]

Social Security Code'2020

Draft Rules under The Code on Social Security 2020

The operationalization of the Code on Social Security 2020 will soon be a reality. The Union Ministry of Labor and Employment (MOLE) has notified Draft Rules under The Code on Social Security 2020 vide notification number G.S.R 713 (E) dated 13th November 2020. I am attaching herewith a copy of the notification for ready reference. Click […]

Latest Updates : Provident Fund

DSC/e Signature – EPFO

DSC/e Sign plays a VITAL role in the digital operation at EPFO Portal and ensures seamless online services to the members. All such requests for activation and de-activation of DSC to be submitted to the concerned Regional Office in physical for further approval of the designated official. Considering the prolonged lockdown announced by the Government, […]

Latest Updates : Provident Fund

Relief from Levy of Penal Damages

EPFO has issued the directions on 15th May 2020, considering the prolong lockdown to prevent COVID 19, that No Penal Interest, or so-called damages, under Section 14B of the EPF Act for any delay in the payment of contribution or administrative charges due for any period during the lockdown shall be levied. No proceedings to be […]