Learn about the latest EPFO rules on submission of digital joint requests to increase your EPF contribution. Find out how to submit a joint request and permission under the EPF Scheme, 1952.
The Employees Provident Fund Organisation (EPFO) subscribers who wish to contribute more than the statutory limit must submit a joint request and permission under EPF Scheme, 1952, Paragraph 26(6).
While it’s not possible to directly raise your compulsory EPF contribution beyond the stipulated 12% (divided equally between the employee and employer), the voluntary provident fund offers an excellent opportunity to enhance your savings and take advantage of the higher EPF interest rate.
The total corpus of various schemes under the National Pension System (NPS) and Atal Pension Yojana has increased to Rs 10.9 lakh crore, a 27.9 per cent surge YoY as of December 31, 2023.