Non-Resident Indians (NRIs) are prohibited from opening new Public Provident Fund (PPF) accounts in India. However, individuals who opened an account while resident can continue contributions until the 15-year maturity period.
EPFO introduces Amnesty Scheme 2026, a one-time opportunity for exempted PF trusts to regularize their status for six months starting June 29, 2026. The scheme offers retrospective regularization and waives certain compliance requirements, including pending assessments for dues and damages under specific conditions.
India's new EPF Scheme, 2026, replacing the 1952 version, maintains core features like contribution rates and protected balances. It introduces clarifications on voluntary contributions, withdrawal rules, and digital processes, aiming for a modernized, flexible framework.
The EPFO has launched a new portal after a database migration, restoring online services. Key features include automated claim pre-validation, a unified member dashboard, faster interest credit, and automatic PF transfers for job changes.
India's EPF Scheme, 2026 modernizes social security with continuity for existing members and a clearer framework for new ones. Key changes include increased flexibility for voluntary contributions and a longer waiting period for premature withdrawals.
India's new EPF Scheme, 2026, under the Code on Social Security, 2020, replaces the 1952 version, offering continuity and enhanced flexibility for salaried employees. Key changes include greater flexibility in voluntary contributions, continued support for life events through partial withdrawals, and stronger protections for contract workers.
The Employees' Provident Fund Organisation (EPFO) portal is still down despite a scheduled restoration for July 2, affecting thousands of users. The outage, for database consolidation and software upgrade, began June 26. Separately, a new EPF Scheme, 2026, has been notified, introducing digital reforms and new compliance initiatives.
The Employees' Provident Fund Organisation (EPFO) portal is still inaccessible despite the scheduled restoration time of July 2nd. The outage, initially for database consolidation and software upgrade, has affected thousands of users unable to access online services like claims processing and e-passbook.
EPFO mandates a 12% PF contribution up to Rs 15,000 monthly, with voluntary options for higher contributions. New rules simplify withdrawals to three categories and clarify employer responsibilities for contract workers.
EPFO mandates a 12% PF contribution up to Rs 15,000 monthly, with voluntary options for higher contributions. The new scheme simplifies withdrawals to three categories and clarifies employer responsibilities for contract workers.
India's Ministry of Labour and Employment has introduced the Employees' Provident Funds Scheme, 2026, replacing the 1952 version. The new scheme modernizes the provident fund framework with digitalization and simplified processes, while also updating contribution, benefit, and compliance rules. Key changes include simplified partial withdrawal rules for employees and new compliance requirements for employers.
India's Centre has notified the Employees' Provident Fund Scheme, 2026, immediately replacing the 1952 version. This major revamp aims for enhanced digital compliance, simplified partial withdrawals for members, and improved governance for employers, aligning with new labor codes.
Sixteen people in Hong Kong were arrested for allegedly defrauding HK$4.3 million from the Mandatory Provident Fund (MPF) using falsified medical certificates. The suspects, aged 29-63, included two alleged syndicate members who recruited MPF account holders and advertised services on social media.
China is expanding the use of its housing provident fund beyond home purchases to include renovations for older homes, adding elevators, and adapting homes for children and the elderly. Policies in cities like Shenyang, Anqing, Wuhu, and Xiamen now allow withdrawals for these purposes, alongside paying property management fees and purchasing parking spaces. The reforms also aim to include flexible employment workers in the system.
Hong Kong's MPFA is increasing efforts to detect fake medical certificates used for early MPF withdrawals after two medical groups reported suspected fraud to police. The authority is collaborating with medical bodies to deter such fabrications.
The Employees Provident Fund Organisation (EPFO) will automate final provident fund withdrawal claims and provident fund account transfers when members change employers, streamlining processes and reducing the need for manual forms.
The District Consumer Disputes Redressal Commission, Chandigarh, ordered EPFO to pay ₹50,000 compensation to Rajesh Garg for a nearly 10-year delay in transferring his provident fund (PF) accumulations, citing 'deficiency in service and unfair trade practice'.
