The Employees’ Provident Fund Organisation (EPFO) is considering a major overhaul of its eligibility norms by raising the wage ceiling for mandatory provident fund and pension contributions, according to reports. The current cap of Rs 15,000 per month—unchanged since it was raised from Rs 6,500 in 2014—determines who is automatically enrolled under the Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS). Advertisement

At an industry event in Mumbai, Department of Financial Services (DFS) Secretary M Nagaraju highlighted the urgency behind the review. “It is very bad that so many people earning just above Rs 15,000 have no pension cover and end up relying on their children in old age,” he said, underscoring the need to update outdated thresholds that no longer reflect Indi

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