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Aadhaar not mandatory for EPF but for your convenience

Tuesday, October 30, 2018, 4:05 PM

Do you or do you not need Aadhaar to open, maintain and exit your EPF account? The Employees' Provident Fund Organisation (EPFO) issued a circular on 18-October instructing regional provident offices to not coerce employers by way of prosecution in the light of the SC-order on Aadhaar. The circular is important because EPFO was asking employers to seed UAN of the employees with Aadhaar.
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EPFO cuts administrative charges; firms to save Rs 900 crore

Sunday, May 27, 2018, 2:22 PM

Now over 5 lakh employers together would save around Rs.900 crore annually following the retirement fund body EPFO's decision to cut administrative charges, with effect from June 1, 2018. The Employees' Provident Fund Organisation's (EPFO) trustees had decided to cut the administrative charges to 0.50 percent from 0.65 percent of total wage paid by employers in its meeting on February 21, 2018.
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Over 39 lakh jobs created in 7 months till March: EPFO data

Tuesday, May 22, 2018, 8:15 PM

As many as 39.36 lakh new jobs were created during 7-month period ending March this year, as per the latest retirement fund body EPFO's payroll data. According to the latest data, as many as 6.13 lakh new jobs were created in the month of March this year, which is higher than 5.89 lakh payrolls with the Employment Provident Fund Organisation in February this year.

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