The Employee Provident Fund Organization (EPFO) has made several major changes to make things easier for its crores of PF members. Now, withdrawing PF has become simpler than before.
Whether it’s PF transfer, tax on interest, or creating a UAN without Aadhaar – all these processes are now more secure and convenient.
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What rules has EPFO changed?
EPFO has updated Form 13 by dividing the PF interest into two parts – taxable and tax-free. This helps in accurate TDS (Tax Deducted at Source) calculation. With this, PF members can now easily see how much tax is being deducted from their interest.
PF transfer is now quicker
The process of transferring PF has been made faster. When you switch jobs, your PF amount will now get transferred more quickly. Each year, about ₹90,000 crore is transferred, and nearly 1.25 crore people will benefit from this change.
UAN can now be created without Aadhaar
In special cases, companies can now generate a UAN (Universal Account Number) even without an Aadhaar. This option is for members whose PF trust has shut down or who are involved in legal matters. Companies can generate UANs in bulk using the old member ID and other required details.
UAN without Aadhaar is secured
If a UAN is generated without an Aadhaar, the account will stay frozen until the Aadhaar is linked. This rule helps avoid misuse and ensures the PF money remains safe.
Faster approval for PF transfer claims
Earlier, PF transfer approvals were needed from two offices, causing delays. Now, the approval will be given from just one office, making the process quicker. These changes by EPFO are aimed at making PF services safer, easier, and more transparent for all members.