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Showing posts with label EPFO News and Updates. Show all posts
Showing posts with label EPFO News and Updates. Show all posts

Thursday, November 6, 2025

EPFO News and Updates

 


Latest EPFO News and Updates (as of November 6, 2025)


    The Employees' Provident Fund Organization (EPFO) continues to roll out enhancements to its services, focusing on digital upgrades, member convenience, and employment growth. Below is a summary of the most recent developments based on careerinformationportal.in official announcements and payroll data. Note that EPFO is currently undergoing technical upgrades, which may cause temporary disruptions in claim filing—members are advised to bear with these for improved long-term services.

Key Recent Payroll and Membership Growth

careerinformationportal.in 

EPFO's latest payroll data reflects strong job creation trends:

  • July 2025: Net addition of 21.04 lakh members, a 5.55% year-on-year increase, indicating rising employment opportunities and better awareness of benefits.
  • June 2025: Net addition of 21.89 lakh members, up 13.46% from the previous year.
  • May 2025: 9.42 lakh new subscribers (11.04% growth from April), with 59.48% (5.6 lakh) aged 18-25, highlighting youth entry into formal jobs.
  • October 2024 (latest available monthly figure): 1.34 million new members added, slightly down from 1.52 million in October 2023 but signaling sustained formal sector growth.

    These figures underscore EPFO's role in supporting India's workforce under initiatives like the     Pradhan Mantri Viksit Bharat Rojgar Yojana.

Major Policy and Service Updates for 2025  careerinformationportal.in 

EPFO has introduced several member-friendly reforms under "EPFO 3.0," with more expected soon:

  • Interest Rate Retained: The EPF interest rate remains at 8.25% for FY 2024-25 (ratified in February 2025), benefiting over 7 crore subscribers with stable post-retirement savings. This matches the previous year's rate despite broader economic shifts.
  • UAN Activation Deadline Extended: Employees now have until June 30, 2025, to activate their Universal Account Number (UAN) and link it to an Aadhaar-enabled bank account, easing compliance.
  • ATM and UPI Withdrawals: Starting FY 2025-26, members can withdraw PF funds via ATM cards and UPI, reducing manual verification needs and enabling quicker access (up to six withdrawals per year without specific reasons proposed).
  • Higher Contribution Limits and Equity Options: Proposals include raising PF contribution caps and allowing direct equity investments for diversified retirement planning.
  • Simplified PF Transfers: A revamped Form 13 software speeds up job-change transfers by automating fund shifts to new accounts. - careerinformationportal.in 
  • Pension Reforms: EPS members can defer pensions until age 60 (up to 2 years); easier withdrawals for those with 10+ years of service. A contact center tender is out to replace the current grievance portal with a more advanced system.
  • Employer Compliance Rule: Mandatory update of Date of Exit (DOE) within one month of an employee's departure, to streamline records. careerinformationportal.in 
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    Ongoing IT Upgrades and Grievances careerinformationportal.in 

    • EPFO is enhancing its IT infrastructure for faster claims and better transparency, but this has led to intermittent service disruptions—recent X posts show members raising issues on claim delays (e.g., Form 10C) and PF transfers, with EPFO responding by directing to regional offices.
    • Outreach efforts continue, like the recent textile-sector program in Kukatpally (November 6, 2025) to boost registrations under government schemes.careerinformationportal.in 
    • Fact Check Alert: Ignore viral claims about submitting forms by July 28, 2025, to avoid pension suspension—these are fake, as confirmed by PIB. careerinformationportal.in 
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