EPFO New Update 2025:Great news for employees! Under EPFO New Update, the government has announced to make major changes in all the rules to Provident Fund (PF) and pension from 2025.
Crores of employees across the country will directly benefit from these new rules. The most important thing is that now the pension amount will increase, PF interest rate will increase and the withdrawal process has been made super easy. Retirement planning will become stronger with EPFO New Update.
EPFO New Update 2025: What has been changed?
The Employees’ Provident Fund Organization (EPFO) has announced several new provisions to be implemented from 2025, which are aimed at providing better retirement security and financial stability to the employees. Now you will get more interest on the money deposited in your PF account and the online transaction plus claim process has been made simpler than before. EPFO New Update will increase the savings of every employee.
Increase in PF interest rate
From the new year, employees are going to get more interest on their PF account. According to EPFO New Update, the interest rate has been increased from 8.25% to 8.50%. Meaning, the PF deducted from your salary will now give better returns. If an employee contributes to PF for 20 years, then he will get additional benefit of lakhs of rupees from this interest increase. Long term savings more beneficial with EPFO New Update.
Big change in pension amount
Earlier the maximum pension under EPFO was ₹ 7,500, but now it has been increased to ₹ 10,000 per month. This decision is a tremendous relief for retired employees. According to EPFO New Update, pension calculation will now be based on the new formula, which will also benefit those under the old pension scheme. Life easy after retirement.
Claim and withdrawal process made easy
Earlier, PF withdrawal or claim used to take several days, but now it will be completed in just 72 hours. Employees will be able to easily track status through mobile or portal. EPFO has made e-nomination mandatory for all employees, so that the family does not face any problem in future. Process super fast with EPFO New Update.
New feature on EPFO portal
In the new update, real-time PF tracking system has been added to the EPFO portal. With this, employees will be able to see their PF balance, interest and contribution details every month. Face authentication system was also added for pensioners, through which life certificate submission can be done sitting at home. Digital life becomes easier with EPFO New Update.
What is the benefit to employees from EPFO New Update?
There will be a tremendous increase in savings due to increase in interest rates. There will be a big improvement in the pension amount. The claim process will become faster and simpler. Transparency and digital facilities will improve. The family will get full security through e-nomination. Overall, EPFO New Update will boost the financial security of crores of employees.
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