The central government is planning a major reform in India’s pension sector. It is considering increasing the foreign direct investment (FDI) limit from the current 49% to 100%. If approved, this move will bring the pension sector in line with the insurance sector, where full foreign investment is already allowed. The proposal may be introduced … Read more
Planning to withdraw your PF money? Before you do that, there’s one important step you shouldn’t miss—updating your bank KYC on the Employees’ Provident Fund Organisation portal. The good news is you don’t need to visit any office. You can complete the entire process online using your phone in just a few minutes. Updating your … Read more
The Employees’ Provident Fund Organisation (EPFO) has introduced an important update for taxpayers. Forms 15G and 15H will soon be replaced by a new Form 121. Earlier, many people used Forms 15G and 15H to avoid TDS (tax deduction at source). Now, Form 121 will take their place. Even if you submit Forms 15G or … Read more
If you’ve been trying to activate your UAN on the EPFO website, you may have noticed something confusing. The option is still visible, but it no longer works the same way. Now, when you click on it, you are redirected to the UMANG app. This change has been made by the Employees’ Provident Fund Organisation, … Read more
PF account holders need to pay attention to a key tax rule update. The Employees’ Provident Fund Organisation (EPFO) has changed the process for Tax Deducted at Source (TDS) relief during PF withdrawals. Old forms used for this purpose—Form 15G and Form 15H—are no longer valid. They have now been replaced with a new Form … Read more
The Employees’ Provident Fund Organisation (EPFO) is introducing EPFO 3.0, a major upgrade that will change how people manage and withdraw their provident fund (PF). For over 7 crore members, this is more than just a tech update. It aims to make the system faster, simpler, and more like a banking platform. The goal is … Read more
Is PF money deducted from your salary every month? Then it’s important to know how much you’ve saved so far. The good news is—you don’t need internet, apps, or logins to check your PF balance. With just one SMS, you can get all the details in seconds. Check Your PF Balance in Just One SMS … Read more
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