The Employees’ Provident Fund Organisation (EPFO) has made it easier for members to access their savings. The new rules reduce 13 different withdrawal categories into three broad groups—Essential Needs, Housing Needs, and Special Circumstances—so members clearly know when and how they can withdraw money. In addition, withdrawals will soon be possible via UPI or ATM, … Read more
There is good news for employees. The Employees’ Provident Fund Organisation (EPFO) is planning to introduce a new auto-settlement system. This system will help people withdraw money that is stuck in inactive EPF accounts more easily. Through this step, EPFO is expected to clear around ₹5,200 crore from such accounts. What is the New Plan? … Read more
Employees’ Provident Fund Organisation is set to bring a major upgrade with EPFO 3.0. This new system could completely change how people access their PF money. The biggest highlight? You may soon be able to withdraw your PF balance instantly using an ATM card—no more waiting for weeks. PF Withdrawal Just Like a Debit Card … Read more
If you are connected with the Employees’ Provident Fund Organisation (EPFO), here’s an important update. The government is quickly digitizing and simplifying the EPFO system. This is making pensions, claims, and account transfers much faster and smoother than before. One of the biggest changes is the Centralized Pension Payment System (CPPS). This system has been … Read more
One of the biggest changes is the Centralised Pension Payment System (CPPS), introduced under Employees’ Provident Fund Organisation. This system has been fully active since January 1, 2025. Now, pension payments are handled centrally, which means: Pensioners can receive money through any bank branch across India Payments are faster and more reliable Delays and errors … Read more
Whenever you switch jobs, your Provident Fund (PF) account changes too. This means you may end up with multiple PF accounts. Instead of leaving them separate or withdrawing money, it’s better to transfer your old PF to your new account. This helps you: Keep all your savings in one place Continue earning interest Maintain your … Read more
There’s good news for private sector employees. The Employees’ Provident Fund Organisation has introduced several important changes to make PF services faster, simpler, and more user-friendly. These updates focus on quicker claim settlements, smoother pension payments, and hassle-free account transfers. The aim is clear: reduce delays and bring everything online in a more transparent way. … Read more
If you’ve changed jobs, chances are you have more than one EPF account linked to your Universal Account Number (UAN). Even though your UAN stays the same, every new employer may create a fresh PF account under it. Over time, this leads to multiple accounts holding your retirement savings. The problem? These accounts don’t merge … Read more
If you work in the private sector and Provident Fund (PF) is deducted from your salary, keeping your EPF nominee updated is very important. Many people ignore this small step, but it plays a crucial role in ensuring that their savings reach the right person in case of an emergency. The good news is that … Read more
The Employees’ Provident Fund Organisation (EPFO) has decided to keep the interest rate on EPF deposits unchanged at 8.25% for the financial year 2025–26. For crores of salaried employees, this means one thing — stability. Your provident fund savings will continue to earn the same return as last year. The decision was taken by the … Read more
India’s retirement fund body, the Employees’ Provident Fund Organisation (EPFO), has fixed the interest rate on Provident Fund (EPF) deposits at 8.25% for the financial year 2025-26. The decision was taken at a meeting of the Central Board of Trustees (CBT), chaired by Union Labour and Employment Minister Mansukh Mandaviya. The CBT is the highest … Read more