LatestCorporate Compliance 22 September 2026
India Raises EPF Wage Ceiling to ₹25k, Impacts Loans and Jobs
India’s Employees’ Provident Fund wage ceiling has been increased to ₹25,000 per month, boosting employee contributions and take‑home pay while requiring employers to adjust payroll. At the same time banks are revising home‑loan interest rates, RBI’s new FD rules from Oct 1 let banks set rates freely, CSC e‑Governance is hiring Aadhaar supervisors at state‑minimum wages, and officials are debating if UPI salary transfers will attract merchant discount fees under the updated wage code.
Key updates for India’s finance and employment landscape
- EPF wage ceiling lifted – The Employees’ Provident Fund limit is now ₹25,000 a month, raising employee contributions and take‑home pay. Read more
- Home loan rates shift – Banks are adjusting home‑loan interest rates as the higher wage ceiling affects borrowing power. Details
- RBI FD rule change – From 1 Oct 2026, banks can set their own fixed‑deposit rates; higher returns are not guaranteed. Info
- Aadhaar recruitment drive – CSC e‑Governance is hiring Supervisors/Operators for Aadhaar services, with salaries tied to state minimum wages. Apply
- UPI salary MDR debate – Authorities are reviewing whether salary payments via UPI will attract merchant discount rates under the new wage code. Read discussion
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