PF Admin Charges reduced from 0.85% to 0.65% and EDLI Admin Charges waived by EPFO w.e.f. 1 Apr. 2017
The expenditure incurred in administering the Employees’ Provident Fund (EPF), Employees’ Deposit Linked Insurance (EDLI), etc., are met from the administrative and inspection charges collected from the employers. Earlier, the PF Admin charges were reduced from 1.10% to 0.85% w.e.f. 1 Jan. 2015, which has been reduced further to 0.65% by EPFO w.e.f. 1 Apr. 2017. Besides, EDLI Admin charges are no longer payable (i.e. waived) w.e.f. 1 Apr. 2017.