PF Rules Change: The Employees’ Provident Fund Organization (EPFO) is going to undergo many important changes in the year 2025, which will affect millions of salaried employees across India. The goal of these changes is to enhance the experience, streamline the processes and improve employee-employer transparency.
PF Rules Change: If you are also a private sector employee and your money is deposited in the PF account every month, then many big changes are likely to happen in the new year i.e. 2025. The Employees’ Provident Fund Organization (EPFO) is going to undergo many important changes in the year 2025, which will affect millions of salaried employees across India. The goal of these changes is to enhance the experience, streamline the processes and improve employee-employer transparency.
These changes are expected to have a significant impact on the financial security of millions of Indian employees. Which will ensure a stronger and safer retirement for the future. Here is information about some such changes, which can be implemented in the year 2025. Let us know one important thing about them.
PF money from ATM
According to the report, EPFO ​​​​will issue an ATM card, from which members will be able to withdraw money round the clock. This is part of the important change in services for members. It is estimated that this ATM withdrawal service will be implemented during the next financial year.
Employee contribution limit
According to the report, the limit of EPF contribution of employees will be abolished. At present, employees deposit 12% of their basic salary every month in the EPF account. However, instead of using Rs 15,000 fixed by EPFO, the government is considering allowing employees to contribute according to their actual salary.
Increasing equity limit
According to some reports, EPFO ​​is considering reinvesting a part of ETF income in shares and other assets to increase returns. This can be implemented anytime during the new financial year.
Pension from any bank branch
In September 2024, Level Minister Mansukh Mandaviya approved the Centralized Pension Payment System (CPPS). Under which 7.8 million members can get pension under the Employees’ Pension Scheme from any bank branch. This rule will come into effect from January 1, 2025.
Higher pension deadline
The Employees’ Provident Fund Organization (EPFO) has given the last chance to employers to upload the salary details of employees by January 31, 2025. Apart from this, employers are required to provide the clarification requested by EPFO ​​by January 15, 2025 to process the higher pension application.
