EPFO

98.38 Lakh Employees benefitted through PMRPY

Advertisement

Ministry of Labour & Employment
98.38 Lakh Employees benefitted through PMRPY

07 JAN 2019

Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched on 9th August, 2016 with the objective to incentivise employers for creation of employment. Under the scheme, Government of India is paying Employer’s full contribution i.e. 12% towards EPF and EPS both (as admissible from time to time) w.e.f. 01.04.2018 for a period of three years to the new employees and to the existing beneficiaries for their remaining period of three years through EPFO.  The terminal date for registration of beneficiary through establishment is 31st March, 2019.The scheme is targeted for employees earning upto Rs. 15,000 per month. This scheme has a dual benefit, where, on the one hand, the employer is incentivised for increasing the employment base of workers in the establishment, and on the other hand, these workers will have access to social security benefits of the organized sector. Number of Employees and Establishments benefitted as on 31.12.2018 is 98.38 lakh and 1.21 lakh respectively. State-wise employees, establishment benefited and amount of subsidy disbursed is at Annexure.

Annexure

Details from PMRPY Portal from inception till 31-Dec- 2018

State No. Of Establishment Benefited During Period 01-Apr-2016 to 31-Dec-2018 No. Of Employees Benefited During Period 01-Apr-2016 to 31-Dec-2018 Subsidy Amount Disbursed During Period 01-Apr-2016 to 31-Dec-2018
ANDHRA PRADESH 8646 780535 2422534115
ASSAM 365 8258 27780925
BIHAR 737 105355 474851209
CHANDIGARH 3612 155769 548215125
CHHATTISGARH 2473 102987 359170624
DELHI 5570 628772 2137927962
GOA 352 15343 42488134
GUJARAT 11763 857175 2748520825
HARYANA 7067 823757 2633467270
HIMACHAL PRADESH 2565 110997 340391679
JHARKHAND 1110 46635 133283018
KARNATAKA 7853 963140 3471298051
KERALA 3567 165120 892195708
MADHYA PRADESH 4548 282474 1040402671
MAHARASHTRA 14193 1746468 5470612241
ODISHA 2169 110975 358483871
PUNJAB 4760 161869 626154768
RAJASTHAN 7601 376834 1029095730
TAMIL NADU 13527 1177433 3816056107
UTTAR PRADESH 12556 689057 2528746729
UTTARAKHAND 2491 243977 642416319
WEST BENGAL 3825 285416 787598144
121350 9838346 32531691225

This information was given by Shri Santosh Kumar Gangwar Union Minister of State (I/C) for Labour and Employment in written reply to a question in Lok Sabha today.

PIB

Download Central Government Employees News iOS App . Click here Cg News for iPhone, iPad & iPod Touch app to download in your device.
Stay updated on the go with CENTRAL GOVERNMENT NEWS App. Click here Cg news for Phones app to download it for your device.

Be the first to comment - What do you think?  Posted by admin - January 7, 2019 at 9:37 pm

Categories: EPFO   Tags: , , , , ,

Payroll Reporting in India: An Employment Perspective – Coverage and Sources of data

Payroll Reporting in India: An Employment Perspective – Coverage and Sources of data
Employees’ Provident Funds Scheme: September, 2017 to October, 2018
PROVISIONAL ESTIMATES OF SUBSCRIBERS AS PER EPFO RECORDS (IN NUMBERS)
Employees-Provident-Funds-2017

Coverage and Sources of data

1. The Employees Provident Fund Scheme (EPF) is a mandatory savings scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is managed under the aegis of Employees’ Provident Fund Organization (EPFO). It covers every establishment in which 20 or more persons are employed (and certain other establishments which may be notified by the Central Government even if they employ less than 20 persons each), subject to certain conditions and exemptions as provided for in the Act. The pay ceiling is Rs.15000/- per month. Persons drawing pay above Rs. 15,000 are exempted or can be enrolled with some permission or on voluntary basis. The number of members subscribing to this scheme gives an idea of the level of employment in the formal sector. The data on subscribers-new members, exited members and those subscribers that re-started their subscription is sourced from EPFO. More details are available at www.epfindia.gov.in.

2. The Employees State Insurance Act, 1948 is applicable to non-seasonal, manufacturing establishments (other than a mine subject to the operation of the Mines Act, 1952 (35 of 1952), or a railway running shed) employing 10 or more workers. For health and medical institutions, the threshold limit is 20 or more workers. ESI Scheme for India is an integrated social security scheme tailored to provide socio-economic protection to the workers in the organized sector and their dependents, in contingencies, such as Sickness, Maternity and Death or Disablement due to an employment injury or occupational hazard. The wage ceiling is Rs.21000/- per month. Beneficiaries are termed as Insured Persons (IP) and a new IP number can also arise due to change in employment. Employees may cease to pay contribution due to wage exceeding the statutory ceiling of Rs.21000/- per month or owing to resignation, death, retirement or dismissal. The number of subscribers of this scheme also gives an idea of the level of employment in the formal sector. Data is sourced from Employees’ State Insurance Corporation (ESIC) and the information may have an element of duplication with EPF data and is thus not additive. More details are available at www.esic.in.

3. The Pension Fund Regulatory and Development Authority (PRFRDA)’s National Pension scheme (NPS) is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer will co-contribute for the social security/welfare of the individual. NPS is designed on defined contribution basis wherein the subscriber contributes to his account, there is no defined benefit that would be available at the time of exit from the system and the accumulated wealth depends on the contributions made and the income generated from investment of such wealth. Any citizen of India, whether resident or non-resident, individuals who are aged between 18 – 60 years as on the date of submission of his/her application can subscribe to the scheme. From 1st January 2004, the central and the state governments have adopted this scheme for new employees except for armed forces. This was extended to other establishments from 2009 onwards. More details are available at www.pfrda.org.in.

Download the full details from Central Statistics office

Be the first to comment - What do you think?  Posted by admin - December 25, 2018 at 6:18 pm

Categories: EPFO, ESIC   Tags: , , , , ,

EPF – Non-refundable advance to a member in case of continuous unemployment for a period of not less than one month: Notification

EPF – Non-refundable advance to a member in case of continuous unemployment for a period of not less than one month: Notification

The Gazette of India
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 872] NEW DELHI, FRIDAY, DECEMBER 7, 2018/AGRAHAYANA 16, 1940

MINISTRY OF LABOUR AND EMPLOYMENT

NOTIFICATION

New Delhi, the 6th December, 2018

G.S.R. 1182(E).- In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees’ Provident Funds Scheme, 1952, namely:-

1. (1) This Scheme may be called the Employees Provident Funds (Amendment) Scheme, 2018.
(2) It shall come into force from the date of its publication in the Official Gazette.

2. In the Employees’ Provident Funds Scheme, 1952, after paragraph 68H, the following shall be inserted, namely:-

“68HH. Non-refundable advance to a member in case of continuous un-employment for a period of not less than one month.- The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refundable advance upto seventy-five percent of the amount standing to his credit in the Fund, if he has not been employed in any factory or other establishment for a continuous period of not less than one month immediately preceding the date on which he makes an application for such non-refundable advance.”.

[F. No. S-35012/8/2018-SS-II]

R. K. GUPTA, Jt. Secy

Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number S.R.O. 1509, dated the 2nd September, 1952 and was last amended vide number G.S.R. 436(E) dated the 4th May, 2017.

Source: labour.gov.in

Be the first to comment - What do you think?  Posted by admin - December 21, 2018 at 3:05 pm

Categories: EPFO   Tags: , , ,

Casual Leave for engagement of retired Government Offices/Officials on short term basis in EPFO

Casual Leave for engagement of retired Government Offices/Officials on short term basis in EPFO

Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. of India)
Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi – 110066

No. HRD/1(3)2014/Contractual Policy/71

Date: 20 NOV 2018

To,
All Addl. CPFC (Zones) including ACC (ASD)
Director (PDNASS),
All Regional PF Commissioners,
In-charge of the Region
All ZTIs/Sub-ZTI

Sub:- Casual Leave for engagement of retired Government Offices/Officials on short term basis in EPFO.

Sir,
This is in continuation to the web circular No. HRD/1(3)2014/Contractual Policy dated 21.09.2015 regarding comprehensive policy for engagement of retired officers/staff on short term contract basis in EPFO.

2. In this regard, sanction of the competent authority is hereby conveyed to grant 8 (Eight) days Casual Leave in a calendar year on pro-rata basis to the retired officers/officials appointed for short term contract basis in EPFO.

(This issues with the approval of CPFC)

Yours faithfully,

(M. Ngullie)
Retional P.F. Commissioner-I(HRD)

Source: www.epfindia.gov.in

Be the first to comment - What do you think?  Posted by admin - November 25, 2018 at 6:26 pm

Categories: EPFO   Tags: , , ,

Government Hikes GPF Interest Rate To 8% For October-December quarter

Government Hikes GPF Interest Rate To 8% For October-December quarter.

The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter.

The rate is in line with that for Public Provident Fund.

The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.

“… during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8 per cent with effect from October 1, 2018, to December 31, 2018,” a Department of Economic Affairs’ notification said.

The interest rate would apply on Provident Funds of central government employees, railways and defence forces.

Last month, the government announced that the interest on small savings, including NSC and PPF, will be hiked by up to 0.4 percentage point for the October-December quarter, to align it with rising deposit rates in the banks.

PTI

Be the first to comment - What do you think?  Posted by admin - October 17, 2018 at 9:13 pm

Categories: EPFO   Tags: , , , , ,

Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2017-2018

EPFO: 60 days Productivity Linked Bonus for the year 2017-18

Through Web Circulation Only
Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India)
Head Office
Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-1 10066

 

No. WSU/25(1)/2017-18/PLB/13218
Date: 15.10.2018

All Addl. CPFC (HQ/Zones),
Addl. CPFC (ASD), Head Office
Director (PDUNASS) and
All Regional P.F. Commissioners-Incharge of
Regional Offices.

Sub: Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2017-2018.

Madam/Sir,

The Central Government has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2017-2018 for the employees of EPFO vide MoL&E letter No A-26022/1/94-SS.1 (Pt) dated 12th October, 2018.

2. Accordingly, the competent authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2917-2018 for 60 (Sixty) days in all the offices of EPFO. The bonus of 60 days has been assessed on the basis of data/information submitted by the Zonal Offices in compliance to Head Office letter dated 25.09.2018. The payment of bonus is to be released to all Group ‘C’ and Group ‘B’ (Non-Gazetted) employees of EPFO.

3. The terms and conditions governing payment of P.L.B. will be as per the instructions issued by the Ministry of Finance O.M. No. 7/24/2007/E.III(A) dated 08.10.2018 for payment of the bonus to the employees in Central Government departments from time to time. However, the quantum of bonus may be assessed as per the following formula, as given in above letter:-

 

= (AVERAGE EMOLUMENTS) x (NUMBER OF DAYS OF BONUS)

——————————————————————————————-
30.4*
(*Average number of days in a month)

 

4. The expenditure incurred for payment of bonus may be debited from the budget head- “Productivity Linked Bonus.”
(This issues with the approval of Central P.F. Commissioner).

Yours faithfully,
(Jag Mohan)
Addl. CPFC (HQ)-Finance

epfo-bonus-order-2017-18

Source: www.epfindia.gov.in

Be the first to comment - What do you think?  Posted by admin - October 16, 2018 at 7:26 pm

Categories: Bonus, EPFO   Tags: , , , , , , ,

Many Key Decision taken in 222nd Meeting of the Central Board of Trustees, EPF

Ministry of Labour & Employment
Many Key Decision taken in 222nd Meeting of the Central Board of Trustees, EPF

27 JUN 2018

The 222nd meeting of the Central Board of Trustees, EPF was held yesterday under the chairmanship of Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Kumar Gangwar at New Delhi.

The Central Board approved the proposal for insertion of Paragraph 68HH in EPF Scheme, 1952 provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month. Under this proposal a member can avail 75% of the total fund (including employee as well as employer share) standing to the member’s credit with interest thereon.

The Board took note of the Investment of Rs 47,431.24 crore in Exchange Traded Funds (SBI MF, UTI MF, CPSE, Bharat 22) and notional return on ETF investments which stood at 16.07% for the period from August 2015 to 31st May 2018.

The Central Board approved the proposal to continue SBI Mutual Fund and UTI Mutual Fund as ETF manufacturer for investment in ETF by EPFO for tenure of one year i.e. till 30/06/2019.

The Central Board has considered and adopted the Consolidated Annual Accounts with Audit Report for the year 2016-17.

PIB

Be the first to comment - What do you think?  Posted by admin - June 27, 2018 at 6:54 pm

Categories: EPFO   Tags: , ,

Payment of Pension on higher wages – delay in implementation of Hon’ble Supreme Court Order: EPFO

Payment of Pension on higher wages – delay in implementation of Hon’ble Supreme Court Order: EPFO

EPFO

EMPLOYEES’ PROVIDENT FUND ORGANISATION
(Ministry of Labour & Employment, Govt. of India)
Head Office
Bhavishya Nidhi Bhawan, 14, Bhikaiji Came Place, New Delhi – 110 066

No: ACC/HQ/Pension/Distribution of work/3896

Dated: 08 JUN 2018

To

All Regional Provident Fund Commissioners
In charge of Region

Sub: DELAY IN IMPLEMENTATION OF HON’BLE SUPREME COURT ORDER ON PAYMENT OF PENSION ON HIGHER WAGES – REGARDING.

Sir,

Attention is drawn to Head Office Circular dated 23.03.2017 vide which instructions were issued to all field offices to take necessary action in accordance with the order dated 04.10.2016 of the Hon‘ble Supreme Court in SLP No.33032-33033 of 2015 as approved by the government and as per the provisions of the EPF & MP Act, 1952 and Schemes framed thereunder.
[post_ads]
2. However on review of the information received from field offices it is noticed that following offices as mentioned below have reported for compliance on revised pension on higher wages as referred above.

No. of cases revised for higher wages for the year ending 31st March 2018

3. It has also come to notice that some offices have not complied the instructions of Head Office based on the Hon’ble Supreme Court order dated 04.10.2016 as referred above on revision of the pension on higher wages despite applications received in this regard, by taking the plea that reference has been made by those offices to Head Office and that reply has not been received for the clarifications / guidelines sought from Head Office.

4. In this context, the following observations may be noted:

i) Payment of benefits to the members of the EPS-95 have to be regulated as per the provisions of the scheme and all concerned are required to comply with the said provisions.

ii) The manual for settlement of pension alongwith the module for calculation in the software has already been circulated from time to time.

iii) Even prior to the Hon’ble Supreme Court order dated 04.10.2016 Pension cases on higher wages were being settled as per the scheme provisions by utilizing the existing software.

iv) IS Division has already clarified that the revision of pension on higher wages can be processed by utilizing the 10D special module.

v) No instructions can be kept aside for compliance only on the ground that reference has been made to Head Office for further clarification on assumption basis without attempting to comply those instructions practically. Moreover, the revision of cases as detailed out in Para 2 above clearly shows that many field offices are taking appropriate actions on the detailed order of the Hon’ble Supreme Court duly circulated by Head Office for compliance by utilizing the provisions already existing in the relevant software, whereas some offices are deliberately not taking any action to revise the pension claims to eligible members by taking one plea or the other.

vi) Field functionaries are expected to know the provisions of the Act and Scheme and comply accordingly.

vii) Most of the references made to Head Office are sent directly bypassing the Zonal Office and containing no recommendations / suggestions of RPFC-I and Addl.CPFC (Zone)

viii) Non-settlement of pension cases in respect of eligible members in light of the Supreme Court order dated 04.10.2016 has not only put the concerned members to inconvenience but may also amount to disobedience of instructions of Head Office for compliance of the order of the Hon’ble Apex Court.

5. Therefore, it is once again directed to take appropriate steps to revise the pension cases of all the eligible members as per the existing software and the provisions in the Pension Scheme. All references made to Head Office on modalities of revision of pension as per the Hon’ble Supreme Court order on the matter may be treated as disposed and Non est.

6. The number of grievances due to non-settlement of eligible cases is rising and it is made clear that the concerned RPFC-I / Incharge of the Region will be held responsible for denial delay in settlement of such cases to eligible applicants. If any applicant is found not eligible for revision of pension as per Hon’ble Supreme Court order, the same must be conveyed to the applicant within seven days of receipt of such request.

7. All the reference made to the Head Office on the issue of revision of pension on higher wages are accordingly diSposed of and in case any Field Office still requires any clarification/guideline, specific query may be forwarded through proper channel to the Head Office duly incorporating the observations/Suggestion of RPFC-I/OIC and ACC Zone in this regard.

Yours faithfully,

(R M. Verma)
Addl.Central P.F.Commissioner (Pension)

Source: https://www.epfindia.gov.in

Be the first to comment - What do you think?  Posted by admin - June 14, 2018 at 5:47 pm

Categories: EPFO   Tags: , , ,

EPFO Introduces ‘View Pension Passbook’ Service for the pensioners through Umang App

Ministry of Labour & Employment

EPFO-Pension Passbook-UMANG

EPFO Introduces ‘View Pension Passbook’ Service for the pensioners through Umang App

03 MAY 2018

Employees Provident Fund Organisation (EPFO), which is providing a host of e-services for its stakeholders, has now introduced a new service through ‘UMANG app‘. On clicking ‘View Passbook‘ option, it requires PPO Number and Date of Birth information to be entered by the pensioner. After successful validation of the information fed, an OTP will be sent to the registered mobile number of the pensioner. On entering OTP, ‘Pensioner Passbook‘ will display the details of the pensioner like Name, DOB along with last pension credited information. The facility to download the financial year wise complete pass book details is also available.

Other e-services of EPFO already available through UMANG aap includes Employee Centric services (View EPF Passbook, Raise claim, Track Claim), Employer Centric Services (Get remittance details by establishment ID, Get TRRN Status), General Services (Search Establishment, Search EPFO Office, Know Your claim Status, Account details on SMS, Account details on Missed Calls), Pensioner Services (Update Jeevan Praman), eKYC services (Aadhaar Seeding).

PIB

Be the first to comment - What do you think?  Posted by admin - May 3, 2018 at 5:42 pm

Categories: EPFO   Tags: , , , , , ,

EPFO says no data leakage from their data centre

Ministry of Labour & Employment

EPFO says no data leakage from their data centre

02 MAY 2018

EPFO has taken advance action by closing the server and host service through Common Service Centres pending vulnerability checks as part of the data security and protection. EPFO has been taking all necessary precautions and measures to ensure that no data leakage takes place.

With regard to the news item being circulated in the social media platform that there has been vulnerabilities in the EPFO data, based on which a letter has been written to the Chief Executive Officer, Common Service Centre (CSC) to plug such vulnerabilities.

In this regard, it is informed that warnings regarding vulnerabilities in data or software is a routine administrative process based on which the services which were rendered through Common Service Centres have been discontinued w.e.f. 22nd March 2018. The news is relating to the services through common service centres and not about EPFO Software or data centre. No confirmed data leakage has been established or observed so far.

As such, there is nothing to be concerned about the news item. EPFOis continuously monitoring and will continue to be vigilant about it in future.

PIB

Be the first to comment - What do you think?  Posted by admin - at 11:29 am

Categories: EPFO   Tags: , , ,

May Day Celebration by Ministry of Labour and Employment

May Day Celebration by Ministry of Labour and Employment

27 APR 2018

International Labour Day is also known as the May Day and is celebrated at the international level to promote and encourage the healthy dialogue among social partners. International Workers’ Day is a big celebration at the world level and it is celebrated to commemorate the 4th of May of 1886, the Haymarket affair (Haymarket Massacre) in the Chicago.

Shri Santosh Kumar Gangwar, Minister of State(Independent Charge) for Labour & Employment conveys Best Wishes to all the workers on MAY DAY and said, “Your hard work and your dedication have built the Nation”.

Ministry of Labour & Employment will organise programme on the 1st May, 2018 at 10.00 AM at Pravasi Bharatiya Kendra, Chanakyapuri, New Delhi. Shri Nitin Gadkari, Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation will be the Chief Guest. The Event will be attended by the Secretaries of various Ministries of Government of India, Senior Officers of Ministry of Labour & Employment, Members of various Boards/Advisory Bodies of the Ministry, Academicians, and senior representatives of Workers’ & Employers’ Organisations and representatives of ILO.

On this occasion, while sharing key initiatives and achievements of the last 4 years, Ministry will also be launching a series of new Online Services through Shram Suvidha Portal as well as new initiatives by EPFO. Further, V.V. Giri National Labour Institute (V.V.G.N.L.I) will be releasing a new Publication on the challenges of Social security to the working class.

Ministry of Labour and Employment for the first time will be awarding the Model Employers as recognized by ESIC & EPFO and Central Labour Service Officers who have excelled in their service. The benefits to Building and Other Constructions Workers will also be distributed. It would be followed by a panel discussion of labour experts on the “Strategy for providing Social Security to Unorganised Workers”.

Minister once again Greets every worker in the country and appeals to “MAKE INDIA GREAT LAND ON EARTH WITH OUR HARD WORK AND DETERMINATION…”

PIB

Be the first to comment - What do you think?  Posted by admin - April 27, 2018 at 6:12 pm

Categories: EPFO   Tags: , , , , ,

NITI Aayog: Monthly Payroll Data released for the first time

NITI Aayog

Monthly Payroll Data released for the first time

Numbers indicate the efforts made by the Government on job creation and formalization of the economy.

26 APR 2018

The Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC) and the Pension fund Regulatory and Development Authority (PFRDA) have released payroll data.

India has, for the first time, introduced monthly payroll reporting for the formal sector to facilitate analysis of new and continuing employment.

The payroll data, categorized age-wise, for the months September, 2017 to February, 2018 has been released on 25th April, 2018.

The numbers from these three organisations are an eye opener and put an end to all speculations and conjectures regarding job creation in the economy. They also strengthen the efforts made by the Government on job creation and formalization of the economy.

There are other organisations also, such as ICAI, Bar Council, Medical Council and other professional bodies which could have such monthly data for payroll reporting for their professionals.

Data released by EPFO shows that during September, 2017 to February, 2018, 31.10 lakh new additions across all age groups were made in the payroll. Given that the data for recent months is provisional due to continuous updation of employee records, this could be called a conservative estimate. The actual figures may well be more than this.

From the PFRDA, the New Pension Scheme (NPS) data indicates generation of 4.2 lakh new payroll during the given period, that too only from Tier-I account. NPS currently manages the corpus of around 50 lakh employees in State and Central government. For this study the Central and State autonomous bodies have been shown under Central and State governments respectively, while non-government refers to the corporate sector employees.

From the above two organisations itself, 35.3 lakh new payrolls were generated during this six month period.

In addition, the ESIC data also mirrors the payroll growth shown in the other two sets of data from EPFO and PFRDA. Since ESIC data is not Aadhar seeded there is further scope of some modifications.

The payroll data from these three organisations would now be released every month. Given that till now there was no such system in place, this data would provide a more firm basis for various analysis and studies of the economy, job creation, as also aid in policy making. We may as well as bid goodbye to the days of analyses based on random sample surveys. Hopefully this would also end the debate regarding and criticisms about jobless growth in the economy.

A more constructive phase of focusing on deriving the most out of this data for furthering development should now begin.

PIB

Be the first to comment - What do you think?  Posted by admin - April 26, 2018 at 10:20 pm

Categories: EPFO, ESIC   Tags: , , , , , , ,

New Initiatives by EPFO to provide services and timely information to all stake holders

Ministry of Labour & Employment

New Initiatives by EPFO to provide services and timely information to all stake holders

25 APR 2018

EPFO has taken a number of e-initiatives to provide services and timely information to all its stakeholders in tune with the government’s motto of minimum government and maximum governance.  It has now been decided to publish the age-band wise estimate of all new subscribers as declared by their employers. The new employees have been categorised in six age bands like less than 18; 18-21; 22-25; 26-28; 29-35 and more than 35years of age. The information can be accessed at https://epfindia.gov.in. This data can be helpful in policy making, planning and research work as the planners may have an idea as to what is the estimate of employees in different age band.

EPFO has so far been intimating its members by way of SMS on credit of their respective monthly contribution into their accounts.  Now, credit information is available through e-passbook online and UMANG mobile App as well as through missed call service for all members.  EPFO members whose monthly contribution is regularly received may view their contribution details using any of these options.

However, the members whose contributions are not deposited in time remain uninformed.  It has now been decided that an intimation by way of SMS/email shall be sent to members who have registered their Mobile Number / email ID against respective Universal Account Number.

PIB

Be the first to comment - What do you think?  Posted by admin - April 25, 2018 at 9:57 pm

Categories: EPFO   Tags: , , , ,

Pensioner’s Portal at EPFO website

EPFO

Press Information Bureau
Government of India
Ministry of Labour & Employment

Pensioner’s Portal at EPFO website

 28 MAR 2018

EPFO has launched the pensioner’s portal https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number, Pensioner’s Payment Order details, Pensioner’s passbook information & other related information such as date of credit of pension, submission of pensioner’s life certificate etc.

It is helpful to know the status of their life certificate, in case of non-submission/rejection of life certificate of the pensioners. It also provides the details and the reason of stoppage of pension.

Track e KYC:

The enhanced “Track eKYC” facility for the convenience of members have been launched to check the status of Aadhaar seeded against their UAN and to figure out the specific mismatch details.

The facility has been made available at EPFO’s website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> TRACK eKYC.

Using the facility, EPFO members can online track the status of Aadhaar seeded against his/ her UAN. While using the facility, the member will have to provide his/her UAN. After entering his/ her UAN the member can click the “Track eKYC” button and the exact status in respect of his/her UAN will be displayed on the screen.

Source : PIB

Be the first to comment - What do you think?  Posted by admin - March 29, 2018 at 9:27 pm

Categories: EPFO   Tags: , , , , , ,

EPFO Rate of Interest

EPFO Rate of Interest

The declared rate of interest on Employees Provident Fund (EPF) paid to the subscribers during the last three years is as under:

 

Year Rate of Interest (in per cent.) Date on which Rate of Interest declared
2014-15 8.75 23.01.2015
2015-16 8.80 23.05.2016
2016-17 8.65 24.04.2017

 

The interest rate on EPF is determined by the Central Government in consultation with the Central Board. The Central Board of Trustees (CBT), Employees Provident Fund (EPF), in its meeting held on 21.02.2018, has recommended 8.55 per cent. rate of interest to EPF subscribers for 2017-18. The proposal has now been sent to the Ministry of Finance for their concurrence to the interest rate of 8.55 per cent to the EPF subscribers for the year 2017-18.

Approximately 19,97,84,374 number of accounts of account holders are likely to be credited with the statutory rate of interest declared for the year 2017-18.

This information was given by the Minister of State for Labour and Employment Shri Santosh Kumar Gangwar in a written reply to a question in Lok Sabha on 19.3.2018.

Be the first to comment - What do you think?  Posted by admin - March 19, 2018 at 8:52 pm

Categories: EPFO   Tags: , , ,

UAN Activated Members Can Know PF Balance Through Missed Call AND SMS Alert

Ministry of Labour & Employment
UAN Activated Members Can Know PF Balance Through Missed Call AND SMS Alert

EPFO-UAN-Activated-Members-Can-Know-PF-Balance

12 MAR 2018

Members registered on the UAN portal may get their details available with EPFO by giving a missed call at 011-22901406 from their registered mobile number. If the UAN of the member is seeded with any one of the Bank A/c number, AADHAAR and PAN, the member will get details of last contribution and PF balance. To avail this facility, mobile number must be activated with UAN at Unified Portal. Giving missed call from registered mobile number at 011-22901406 automatically gets disconnected after two rings. This service is available free of cost to the member. Moreover, these services can be availed from non-smart phones also.

The information for availing missed call facility and SMS service for getting PF balance and last contribution is now available on UMANG app also.

Universal Account Number (UAN) activated members may know their latest PF contribution and balance available with EPFO by sending an SMS at 7738299899 from registered mobile number. The Member has to SMS “EPFOHO UAN” to 7738299899. The facility is available in 10 languages viz. English (default), Hindi, Punjabi, Gujarati, Marathi, Kannad, Telugu, Tamil, Malayalam and Bengali. For receiving SMS in any of the languages other than English, first three characters of the preferred language needs to be added after UAN. For example, to receive SMS in Telugu, then SMS to be send will be “EPFOHO UAN TEL” to 7738299899

SMS should be sent from the registered mobile number of UAN. In response, EPFO will send last PF contribution and balance details of the member alongwith available KYC information.

PIB

Be the first to comment - What do you think?  Posted by admin - March 13, 2018 at 5:12 pm

Categories: EPFO   Tags: , , , , , ,

New Facilities for UAN- Aadhar Linking Introduces By EPFO

EPFO 

Ministry of Labour & Employment
New Facilities for UAN- Aadhar Linking Introduces By EPFO

27 FEB 2018

Employees’ Provident Fund Organisation (EPFO) has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO Link in UMANG Mobile App. This is in addition to the existing web facility already available at EPFO’s website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR.

The facility on e-KYC Portal has further added a new feature to link UAN with Aadhaar online using biometric credentials. Using the aforesaid facilities, EPFO members can link their UAN with Aadhaar as under:

For using this facility with UMANG APP, Member will have to provide his/her UAN. An OTP will be sent to the UAN registered Mobile Number. After OTP Verification, member will have to provide Aadhaar details and gender information (where gender information is not available against UAN). Another OTP will be sent on Aadhaar Registered Mobile Number and/or email. After OTP verification, Aadhaar will be linked with UAN where UAN and Aadhaar details are matched.

For using this facility through E-KYC Portal, Member will have to provide his/her UAN. An OTP will be sent to the UAN registered Mobile Number. After OTP Verification, member will have to provide Aadhaar details, gender information (where gender information is not available against UAN) and select Aadhaar verification method (Using Mobile/email based OTP /using Biometrics). Another OTP will be sent on Aadhaar Registered Mobile Number and/or email or Biometric will be captured using Registered Biometric Device. After verification, Aadhaar will be linked with UAN where UAN and Aadhaar details are matched.

Moving towards Digital India, EPFO has also launched e-Nomination facility for filing nomination form by the member. This functionality is available at Member Interface of EPFO Unified Portal (https://unifiedportal-mem.epfindia.gov.in/memberinterface/). Any member having activated and Aadhaar seeded UAN, can avail this facility.

This functionality is independent from employer. After giving nomination details online, member has to digitally sign the nomination. Aadhaar based eSign is being used for digital signing of nomination form. Aadhaar based eSign is being provided to members free of cost by EPFO. Only member’s mobile number should be linked with Aadhaar. This functionality will also be made available on UMANG mobile app soon.

PIB

Be the first to comment - What do you think?  Posted by admin - February 27, 2018 at 2:55 pm

Categories: EPFO   Tags: , , , ,

Abolishing of uploading of scanned copy of PAN Card at the time of registration of establishment

Abolishing of uploading of scanned copy of PAN Card at the time of registration of establishment

No.CAIU/011(2)2018/PAN Card

Date: 08.01.2018

To

All Additional Central P.F. Commissioner (Zones),
All Regional P.F. Commissioner In-charge of ROs.

Sub:- Abolishing of uploading of scanned copy of PAN Card at the time of registration of establishment – regarding.

Madam/Sir,

At the time of registration of an establishment, employer has to upload digitally signed copy of PAN card. There is a mandate of Ease of Doing business to eliminate the requirement of submitting scanned copy of PAN card at the time of registration.

2. In this regard, it is informed that the requirement of uploading the scanned copy of PAN card at the time of registration of establishment has been examined and online system has been put in place for verifying details of PAN directly from the Income Tax Department. Hence, it has been decided by the competent authority that there is no need to upload the scanned copy of PAN card at the time of registration of establishments. Information Services Division has already carried out necessary modifications in the software accordingly.

3. The field offices are, therefore, advised not to insist on the copy of PAN card at the time of registration of a new establishment.

Yours faithfully,

S/d,
(S.C. Goyal)
Addl. Central P.F. Commissioner-II (CAIU)

Be the first to comment - What do you think?  Posted by admin - January 11, 2018 at 3:44 pm

Categories: EPFO   Tags: ,

General Provident Fund (GPF) Interest Rate from January 2018 to March 2018

GPF Interest Rate from Jan 2018 to Mar 2018 – Department of Economic Affairs (DEA) Orders

General Provident Fund (GPF) Interest Rate from January 2018 to March 2018

 Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2017, w.e.f. 1st January, 2018 to 31st March, 2018

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)

 
F.NO. 5(1)-B(PD)/2017
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 1st January, 2018

RESOLUTION

 It is announced for general information that during the year 2017-2018, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.6% (Seven point six per cent) w.e.f. 1st January, 2018 to 31st March, 2018. This rate will be in force w.e.f.1st January, 2018 . The funds concerned are:
1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/-
(Anjana Vashishtha)
Deputy Secretary (Budget)

Source: www.dea.gov.in

Be the first to comment - What do you think?  Posted by admin - January 3, 2018 at 9:10 pm

Categories: EPFO   Tags: , , , ,

Amendment in EPF scheme for buying homes

Amendment in EPF scheme for buying homes

 

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
RAJYA SABHA
UNSTARRED QUESTION NO-1056
ANSWERED ON-27.12.2017
Amendment in EPF scheme for buying homes
1056 . Shri R. Vaithilingam

(a)whether Government will amend the Employees” Provident Fund (EPF) scheme to enable around 4 crore members of Employees” Provident Fund Organisation (EPFO) to withdraw upto 90 per cent of their fund for making down payments while buying houses;

(b)whether said amendment will also allow the EPFO subscribers to use their EPF accounts for paying equated monthly installments of home loans; and

(c)whether under the proposed provision in the EPF scheme, the subscribers would have to form a cooperative society with at least 10 members to avail of the facility?

ANSWER
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)

(a) to (c): The Government vide Notification No. G.S.R.351 (E) dated 12th April, 2017 has inserted a paragraph 68BD in Employees’ Provident Funds (EPF) Scheme, 1952 for withdrawal from the Employees’ Provident Fund (EPF) for purchasing dwelling house or flat or construction of a dwelling house.

The withdrawal amount from the Provident Fund shall not exceed ninety per cent of the employer’s share of contribution and interest thereon and employee’s share of contribution and interest thereon.

The Scheme envisages that a member can authorise monthly installment for the repayment, wholly or partly, of any outstanding principal or interest of a loan obtained in the name of the member or spouse of the member or jointly by the member and the spouse.

The payment can be made on behalf of the member to a housing agency or primary lending agency or bank concerned, etc.

The subscriber should be a member of a cooperative society or a society registered for housing purpose under any law for the time being in force and such society has at least ten members of the Fund.

Be the first to comment - What do you think?  Posted by admin - December 28, 2017 at 10:09 pm

Categories: EPFO   Tags: , , , , ,

Next Page »