EPFO

The Employees' Provident Fund Organisation (EPFO) is likely to introduce the EPFO 3.0 system from 1st June.

Employees' Provident Fund Organisation (EPFO) has added 18.92 lakh net members in the month of April 2024. The addition during the month is the highest since the first payroll data was published in April 2018, as per the official statement.

After receiving the ratification from the Union government, the interest rate on EPF for FY 2023-24 will be credited into accounts of over six crore subscribers of EPFO.

The EPFO has increased interest rate to 8.15% and it will benefit over 6 crore subscribers in FY23. It has also asked filed offices to start crediting it into members' accounts.

As per EFPO data, net employment generation in the formal sector touched a 17-month high in January

Modi government has been working relentlessly to create jobs in both organised and unorganised sectors.

The new EPFO data reveals that from September 2017 to July 2018 more than 61.81 lakh new jobs have been created,

Latest data released on the new member's enrolment in May is the highest so far in the last eight month standing at 7,43,608

Employees provident fund organization has an active member base of over 6 crores

The EPFO manages social security funds of workers in the organized/semi-organized sector in India.