EPFO Updates 2025: Key Changes You Should Know
The Employees’ Provident Fund Organisation (EPFO) has announced several significant updates to its services and guidelines that will be implemented in 2025. These changes are designed to enhance the convenience of subscribers, improve the management of retirement savings, and introduce new options for investment and fund withdrawal. These updates are aimed at benefiting both private and government employees, making it easier for them to access their funds and plan for a more secure future.
Summary/Static | Details |
Why in the news? | EPFO Updates 2025: Key Changes You Should Know |
Employee Contribution Limit | Removal of the Rs 15,000 limit; employees can contribute based on actual salary. |
PF Money Withdrawal via ATM | Members can withdraw funds from ATMs starting in FY 2025-26. |
IT System Upgrade | EPFO’s IT infrastructure will be enhanced by June 2025 for faster claims and reduced fraud. |
Equity Investment Option | EPFO may allow direct equity investment beyond ETFs for higher returns. |
Pension Withdrawal from Banks | Pensioners can withdraw pensions from any bank without extra verification. |
Job Creation and EPFO Data | Net formal job creation dropped, but female membership increased. |
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