EPFO New Rule: The Employees’ Provident Fund Organization (EPFO) took several important decisions at its 238th Central Board of Trustees (CBT) meeting, which will benefit millions of members. The Employees’ Provident Fund Organization’s board meeting, chaired by Union Labor Minister Dr. Mansukh Mandaviya, made several significant decisions. Employees will now be able to withdraw 100% of their “eligible balance,” i.e., both the employee and employer portions, from their accounts. Furthermore, partial withdrawal rules have been simplified and made transparent, ensuring that members face no difficulties in withdrawing funds when needed.

The meeting, chaired by Labor Minister Mansukh Mandaviya, included several steps taken to simplify rules, expand digital services, and reduce litigation. These changes are a major step towards making life easier for employees. The meeting decided to make major changes to the rules governing partial withdrawals from the EPF scheme. Until now, there were 13 different rules for withdrawals under different circumstances, which have now been consolidated into three simple categories: essential needs (such as illness, education, marriage), housing needs, and special circumstances.

Chaired the 238th meeting of Central Board of Trustees of EPFO.

Under the leadership of PM Shri @NarendraModi ji, we are ensuring ease of living for members and ease of doing business for employers.

Key decision taken 👇

📖 https://t.co/Tg3cJ6EMUo pic.twitter.com/3RS1c4lqrX

— Dr Mansukh Mandaviya (@mansukhmandviya) October 13, 2025

Major Decisions Taken at the EPFO ​​Meeting

Now 100% Withdrawal Facility

The EPFO ​​has eliminated 13 previously stringent rules and now allows partial withdrawals in only three categories: essential needs (illness, education, marriage), housing needs (house-related expenses), and special circumstances. Members will now be able to withdraw the entire balance in their PF account (including both employee and employer portions).

Previously, only three withdrawals were allowed for education and marriage, but now 10 withdrawals can be made for education and five for marriage. Furthermore, the minimum service period has been reduced to 12 months, which previously varied for different needs. The most significant change is that employees can now withdraw up to 100% of the balance in their account, including both the employee and employer portions.

25% Minimum Balance Required
EPFO has also ensured that members always maintain a minimum balance of 25% in their accounts. This will allow members to benefit from an 8.25% interest rate and compound interest, helping them build a substantial retirement corpus.

Withdrawals Without Reason
Previously, in special circumstances (such as natural disasters, unemployment, or pandemics), a reason had to be given for withdrawals. This often resulted in claims being rejected. Now, this hassle has been eliminated. Members will be able to withdraw without reason under special circumstances.

Auto-settlement process simplified
Under the new rules, no documentation will be required. The withdrawal process is set to be fully automated, speeding up claim settlement. The period for premature final settlement has been extended from two months to 12 months, and the pension withdrawal period has been extended from two months to 36 months. This will allow members to withdraw funds for their needs without using their retirement funds.

Digital Transformation and New Features for Pensioners
The EPFO ​​has developed a new framework under “EPFO 3.0” to further enhance digital services. This integrates core banking solutions with a cloud-based, API-first, and microservices-based system. This will enable faster claim processing, instant withdrawals, multilingual self-service, and easier payroll contribution integration.

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Interest money has been deposited in the accounts of about 97 percent of the members. Union Labor Minister Mansukh Mandaviya said that EPFO ​​will deposit 8.25% interest for FY 2024-25 in the accounts of all the members by the end of the week. Every year, after approval from the central government, EPFO ​​​​adds interest to the accounts of its crores of members.

8.25% interest approved

The government approved the 8.25% interest rate for the financial year 2024-25 on 22 May 2025. After this, EPFO ​​started preparations and started updating the annual accounts from the night of 6 June. Mandaviya said that this year the accounts of 33.56 crore members of 13.88 lakh institutions had to be updated. Till July 8, interest has been deposited in 32.39 crore accounts of 13.86 lakh establishments.

Due to improvement in the system, most of the work was completed in June
The Union Minister said that the update of 99.9% establishments and 96.51% member accounts has been completed. Last year (2023-24), the process of depositing interest started in August and was completed by December. But this year, due to improvement in the system, most of the work has been completed in June itself. The remaining accounts will also be updated this week. The decision to keep the interest rate at 8.25% was taken in the 237th meeting of the Central Board of Trustees of EPFO ​​held in Delhi on 28 February 2025. This meeting was chaired by Mandaviya. After this, the proposal was sent to the Finance Ministry for final approval.

The specialty of EPF

is that EPF gives higher and stable returns as compared to other investment schemes of the government. Investing in it helps in increasing savings for retirement. In February 2024, EPFO ​​increased the interest rate from 8.15% to 8.25% for 2023-24. Earlier in 2021-22, the interest rate was reduced to 8.1%, which was the lowest interest rate since 1977-78. Mandaviya said that the system is being further improved by EPFO, so that the process of depositing interest is faster in future.

How to check interest money

The Employees Provident Fund Organization (EPFO) has transferred interest at the rate of 8.25% for the year 2024-25 to the accounts. To check the interest money in your account, you can use the following easy methods.

Check passbook on EPFO ​​portal

• First of all go to the official website of EPFO ​​www.epfindia.gov.in.
• Now go to ‘For Employees’, click on ‘For Employees’ under ‘Our Services’ on the homepage.
• Click on ‘Member Passbook’: Select ‘Member Passbook’ in the ‘Services’ section.
• To login here, enter your Universal Account Number (UAN), password and captcha code.
• After logging in, click on your member ID. Here you can see the interest and balance deposited in your account.
• Now you can download the passbook in PDF format.

Check with Umang App

• First of all download Umang App on your phone.
•  Now select EPFO ​​in it. Click on ‘EPFO’ option in the app.
•  Select ‘View Passbook’, go to ‘View Passbook’ in ‘Employee Centric Services’.
•  Login with your UAN and OTP (sent on registered mobile number).
• Now you will be able to see your account balance and interest in the passbook.

Via SMS

• First of all send a message from your registered mobile number to 7738299899.
•  EPFOHO UAN HIN (Instead of HIN, enter the code of your preferred language, like ENG, TAM etc.)
•  You will get information related to your PF balance and recent deposits through SMS.

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Employees and companies can link UAN and bank account with Aadhaar till 15 February. Employees will now have to link their UAN and bank account with Aadhaar by 15 February at any cost. This deadline has been extended several times. Earlier its last date was 15 January.

Get this work done before 15 February

EPFO has appealed to all eligible members to complete this process by the new deadline i.e. 15 February. So that there is no hindrance in availing the benefits of the scheme. Linking Aadhaar and bank account is necessary to avail the benefits under this scheme. That is, employees, employers and companies have only 5 days. After the employee’s UAN is activated, he can easily avail the online services of EPFO. This includes managing the PF account, viewing and downloading the passbook, applying online for withdrawal, advance or transfer.

It is important for EPFO ​​members to keep their UAN number active till February 15, otherwise PF related work may get stuck. This is a 12 digit number, which remains the same even if you change jobs. PF account can be transferred through this number, employees can complete EPFO ​​related work online. Through this, employees can use facilities like PF transfer, balance check, statement download and application for advance online.

How to activate EPFO

Go to the EPFO ​​website and select the “Active UAN” option. Then enter your UAN, mobile number and date of birth. Fill the captcha and click on Get Authorization PIN. Enter the OTP received on the mobile and verify it. After this your UAN will be activated and you will get a user ID and password.

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In a state of unemployment

If an employee is away from work for more than a month, he can withdraw 75% of the amount from his PF account.

When the company is closed

If a company or factory’s operations are shut down for six months, the employee can withdraw his entire PF amount. However, when the company restarts, the withdrawn amount has to be returned in 36 installments.

In case of layoff

In case of dismissal from the job, the employee can withdraw 50% of the amount from his PF account. However, he has to provide proof of not having a job while applying.

At work stoppage

If in an emergency situation the company’s operations are closed for more than 15 days, the employee can withdraw 100% of the amount deposited in his PF account.

Options on retirement

After retirement, the employee has two options. First, he can withdraw the entire amount of his PF account in lump sum. The second option is monthly pension (EPS), under which a fixed amount is received every month as pension.

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The central government is considering options to provide comprehensive benefits to the elderly under social security after retirement. Under this, employees associated with the Employees’ Provident Fund Organization (EPFO) can be given the option to convert their PF funds into pension. This will enable employees to get more pension after retirement. It is expected that the government may also make an announcement regarding social security in the budget for the upcoming financial year 2025-26.

Sources reveal that on the instructions of the Central Government, the Ministry of Labor and Employment is already working on options to increase the scope of the social security scheme. Under the new options, many types of facilities will be provided to the workers. Workers associated with EPFO ​​will be able to convert the amount deposited in the PF fund into pension at the time of retirement.

This means that at the time of retirement, if an employee feels that he needs a higher pension in his old age, he can put the money deposited in the fund into the pension fund. This will increase the amount received as pension.

These facilities are also available

1. Interest will be available on PF fund even after retirement

Similarly, if an employee feels at the time of retirement that he has other options of income and he does not want pension on retirement at the age of 58, but wants to start pension at 60-65 or any other age, then this option will also be provided. In such a case, interest will keep accruing annually on the amount deposited in the pension fund and the pension will start being received from the age at which he wants to start.

2. Provision of lump sum deposit in PF account

The ministry wants that EPFO ​​members should be allowed to deposit a lump sum amount in their account in addition to the regular fixed monthly contribution. This option has been under discussion for a long time, but now there seems to be a consensus at many levels.

If such a facility is provided, more contribution will be deposited in the PF account. This will enable employees to keep more funds in their account under social security and get more pension on retirement.

3. Consideration of income tax exemption on additional contribution

The ministry believes that there are many people who have savings but they do not make FDs in banks because the annual interest there is only seven percent or less. Whereas, the interest on the amount deposited in the PF account is more than eight and a quarter percent.

In such a situation, if the facility of lump sum deposit is given, then people will start putting money in EPF account for future security. Sources reveal that discussions have also been held with the Finance Ministry in this regard that it should also give the benefit of income tax exemption limit on such contribution, so that people can be encouraged to put lump sum money as contribution.

4. Consider expanding the scope of IT systems

At present, work is going on to make the EPFO ​​system like banking. IT System 3.0 is likely to be completed in June, due to which people will start getting banking like facilities. Along with this, the government is also working on options related to increasing benefits under social security, which can be announced in the budget or even after that. Regular discussions are going on between EPFO ​​and Ministry of Labor and Employment regarding this.

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Labor and Employment Ministry Secretary Sumita Dawra gave this information on Wednesday. It is being told that EPFO ​​is also considering implementing the system of direct withdrawal from ATM. The process of ATM and e-wallet can be implemented by March 2025.

He said that the organization is working towards simplifying the process of withdrawal from PF account. Currently, in auto settlement cases, the amount goes directly to the bank account and members can withdraw it from any ATM. Now the organization is preparing how to send the claim amount directly to the e-wallet. Work is being done towards developing a new system for this.

Contacted the banks

Dawra said that we have started discussions with banks and other financial institutions to implement the new system and will soon prepare a practical plan on it. He also informed that the Reserve Bank of India is being contacted to implement this process. This initiative will provide more flexibility to all members in using their funds and promote digital transactions.

Withdrawal rules will not change

An official associated with EPFO ​​says that in the new system, only the withdrawal process will be simplified. There will be no change in the rest of the rules related to withdrawal. Under the current rules, an employee will be able to withdraw only the amount of money he is allowed to withdraw at one time.

Employers have to do the verification by January 31

EPFO has extended the last date for checking higher salary options for pension and uploading salary details to 31 January 2025. EPFO ​​has said that even after extending all the dates, more than 3.1 lakh applications are pending with the employers, so this time the last chance is being provided.

Along with this, EPFO ​​has also requested the employers to submit their replies and provide information in 4.66 lakh cases by January 15. It is worth noting that till July 11, 2023, 17.49 lakh applications have been received for higher pension. Out of these, verification of more than 3.1 lakh applications is still pending with the employers.

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New Delhi: The Employees Provident Fund Organization (EPFO) has made a big change. PF account holders will now be able to withdraw up to Rs 1 lakh instead of 50 thousand. Union Labor Minister Mansukh Mandaviya announced this earlier this week on the occasion of completion of 100 days of the government.

Mansukh Mandaviya said that if you are an EPFO ​​​​account holder and there is an emergency in the family, then now you can withdraw more money. He said that the limit of lump sum amount has been increased. Also, the facility of withdrawal has been given within 6 months of starting the job. Earlier PF account holders had to wait a long time. That is, even if they leave the job within 6 months, they will be able to withdraw money from their PF account.

He announced the launch of a new digital infrastructure that simplifies the withdrawal process and allows faster withdrawal of money.

How can you withdraw money from a PF account?

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EPFO i.e. Employees Provident Fund Organization is a government organization, which works under the Ministry of Labor of the Government of India. EPFO ​​provides social security as well as financial security to the employees working in the organized sector of the country. EPFO ​​has issued an important and very important information for all the employees under it. EPFO ​​has asked its members to keep the UAN number and password of their EPF account safe or else they may be subjected to cyber fraud.

As soon as you visit EPFO ​​website, you get a warning

On visiting the EPFO ​​website, a big pop-up box opens. In this pop-up box, EPFO ​​has issued a warning for employees. This warning says, “Be cautious about theft/loss of your credentials (UAN and password), which may lead to cyber fraud.”

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Cyber ​​fraud can happen through UAN number and password

This simply means that now you can be defrauded using your UAN number and password. Therefore, now you have to take special care of your UAN number along with the password of your EPF account. Keep in mind that you should only use your personal device to access your EPF account.

EPFO told ways to avoid cyber fraud

The Employees Provident Fund Organisation has also shared some very important measures with employees to avoid cyber fraud. EPFO ​​has advised employees to install licensed anti-virus/anti-malware on their computers, laptops and smartphones. Always keep the device updated and patched. EPFO ​​advises to create complex passwords for your EPF account and do not share passwords or OTPs with anyone.

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EPFO has made many efforts to improve its service and there are many stories of improvement in advance claims. At the same time, last month, EPFO, in response to a member’s question on the time taken in the claim settlement process, had said that it usually takes 20 days to settle a claim.

This new service brought speed
Meanwhile, EPFO has started auto-mode claim settlement of advance claims for education, marriage and housing purposes, the Labor Ministry said in a statement on Monday. This step is expected to increase the ‘ease of living’ for crores of EPFO members.

Under auto-mode settlement by the superannuation fund body, the claim is processed automatically by the IT system without any human intervention.

How much advance can I get?
EPFO had introduced this auto settlement facility in April 2020 for the purpose of advance payment for sickness. Its scope has now been extended to other purposes like education, marriage and housing. Now this limit has been increased to Rs 1,00,000. EPFO said that during the current year, about 2.25 crore members are expected to avail the benefit of this facility.

During FY2023-24, EPFO settled approximately 4.45 crore claims, of which more than 60% (2.84 crore) claims were advance claims. Out of the total advance claims settled during the year, about 89.52 lakh claims were settled using auto-mode.

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This information was given in the data released on Wednesday about those getting jobs in the organized sector. This is the highest increase of 18.75 lakh members in any month since the EPFO payroll data was published since September 2017, the Labor Ministry said in a statement.

The number of EPFO members has been increasing for the last three months and in June the figure was 85,932. Data shows that around 10.27 lakh new members have enrolled during July 2023, the highest since July 2022.

Most of the new members are in the age group of 18-25 years.

Most of the new members joining EPFO are in the age group of 18-25 years. Their share in the total members is about 58.45 percent. The data of those who got jobs on regular salary shows that about 12.72 lakh members who had moved out rejoined EPFO. This rate is the highest in the last 12 months.

These members changed their jobs and rejoined the establishments under EPFO. Also they chose to transfer their deposits instead of applying for final settlement. According to the data, around 3.86 lakh women members joined EPFO during July 2023. About 2.75 lakh women members have come under the ambit of social security for the first time.

State-wise analysis shows that Maharashtra, Tamil Nadu, Karnataka, Gujarat and Haryana had the highest net increase. The statement said the payroll data is provisional, as data collection is an ongoing process.

ESIC added 19.88 lakh members

Employees’ State Insurance Corporation (ESIC) has added 19.88 lakh new employees under its health insurance scheme ESI in July, 2023. The Labor Ministry said in a statement that according to the provisional payroll data of ESIC, 19.88 lakh new employees were added in the month under review. The statement said that during this period, about 27,870 new establishments were registered and brought under the social security ambit of ESIC.

The data shows that more jobs were created for the youth. Of the total 19.88 lakh employees added during this period, 9.54 lakh employees were below 25 years of age. Similarly, the net enrollment of women members in July was 3.82 lakh, while a total of 52 transgender employees were registered under the ESI scheme. The statement said the payroll data is provisional as data collection is an ongoing process.

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Now more interest will be available on PF

The Board of Employees Provident Fund Organization had fixed the interest rate of 8.15 percent on EPF Account in March for the financial year 2022-23 and sent this proposal to the Ministry of Finance for approval. Now it has been approved and members will get 0.05 percent more interest than before on PF account. Significantly, for the financial year 2021-22, EPFO ​​had fixed the interest rate for EPF Account at 8.10 percent.

This is the lowest interest rate in almost 40 years. In 1977-78, the EPFO ​​had fixed an interest rate of 8 per cent. But since then it has been continuously at 8.25 per cent or more. In the financial year 2018-19, 8.65 percent, 8.55 percent in 2017-18, 8.65 percent in 2016-17 and 8.8 percent interest was available in the financial year 2015-16.

This is how PF is deducted from salary If

you look at the EPFO ​​Act, 12 percent of the base pay and DA of any employee is deposited in the PF account. On this, the concerned company also deposits the same amount i.e. 12% in the PF account of the employee. However, out of the contribution made by the company, 3.67 per cent goes to the EPF account, while the remaining 8.33 per cent goes to the Pension Scheme.

How much will the account holders benefit?

Now let’s talk about the maths of PF, then tell that if you have a total deposit of Rs 10 lakh in your PF account till March 31, 2023, then till now you used to get Rs 81,000 as interest at the rate of 8.10 per cent. On the other hand, now that the government has increased the PF interest rate to 8.15 percent, then according to this, the amount of interest on Rs 10 lakh deposited in the account will increase to Rs 81,500. That is, you will get a direct profit of Rs 500 on a deposit of Rs 10 lakh.

Now suppose an amount of Rs 5 lakh is deposited in the account of an employee, then according to the new interest rate, he will get an interest of Rs 40,750. Which used to be Rs 40,500 earlier, ie a profit of Rs 250. On the other hand, an employee with a deposit of Rs 3 lakh will get an interest of Rs 24,450.

Significantly, in a notification issued by the Employees’ Provident Fund Organization (EPFO), it has been said that the Ministry of Labor and Employment, Government of India, has given approval under Para 60 (1) of the Employees’ Provident Fund Scheme, 1952, to deposit interest in the account of each member of the EPF scheme for the year 2022-23.

Check balance easily sitting at home

You can check the current balance of your PF account in easy ways sitting at home. Many options have been given for this. You can find out through the Umang app, website or by sending an SMS from your mobile phone. You can check your balance by following these easy steps.

• Go to the official website of EPFO ​​(www.epfindia.gov.in).
• After this click on the E-PassBook option.
• On the new page, enter UAN, password and captcha code and click on login.
• After logging in, select the Member ID option to view the passbook.
• Now you will get the passbook in PDF format, which can be downloaded.
• You can also view the passbook directly by visiting https://passbook.epfindia.gov.in/.
• Now the complete information will be open in front of you.

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According to the news agency PTI , after a two-day meeting of the Central Board of Trustees (CBT) of EPFO, it was decided to increase the interest rates of PF by 0.05 percent. Its interest rate was 8.10 percent in the last financial year, which has now increased to 8.15 percent. Earlier, the lowest PF interest rate was 8 percent in 1977-78.

There are not many screws left

that after the seal of the trustees of EPFO, the new interest rate will be applicable on the PF account. For this, it is also necessary to take the approval of the government. The Finance Ministry will also review the interest rate fixed for 2022-23 and only after it is approved, the way to send the interest money to the account will be clear. It is noteworthy that even the interest money for the financial year 2021-22 has not yet been received by the PF account holders.

Earlier the intention was to keep 8 percent, then…

speculations were being made that this time the interest rate on PF account is to be reduced once again to 8 percent. But the trustees felt that considering the inflation, more interest should be given to the account holders. On the first day of the meeting, the issue of higher pension was also discussed between the Union Labor Minister Bhupendra Yadav and the trustees. It was informed that EPFO ​​is completing the process of providing higher pension to eligible subscribers.

Decreasing interest since 2018-19

The interest rate on PF is continuously decreasing since the financial year 2018-19. In the last financial year, the government had saved Rs 450 crore by reducing the interest rate to 8.10 per cent. In such a situation, it seemed that this year also the interest rate would remain the same or it would be reduced to 8 percent. In 2018-19, the interest on PF was 8.65 per cent, which was reduced to 8.50 per cent in 2019-20. The interest rate was the same in 2020-21 as well, whereas in 2021-22 it was reduced to 8.10 per cent.

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If you are not yet availing the pension scheme of EPFO, then there is an important news for you. During the budget session of Parliament, Congress MP B Manikkam Tagore and Bharat Rashtra Samithi MP Manne Srinivasa Reddy asked Union Labor and Employment Minister Bhupendra Yadav questions related to the retired employees deprived of the benefits of the EPF pension scheme. Let us know what the Union Labor and Employment Minister Bhupendra Yadav gave in response to the question of the opposition MPs.

EPFO gave opportunity to pensioners for enhanced pension?

In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that yes, yes. On December 29, 2022, the Employees’ Provident Fund Organization (EPFO) issued instructions for inviting online applications from pensioners who retired prior to January 01, 2014 and who have opted for combined options to contribute to the Pension Fund at a salary in excess of the pay limit prior to their retirement. was used. But, their combined options were rejected by EPFO ​​(due to cut-off date). This is in pursuance of the directions of the Supreme Court as contained in Article 44(ix) read with Article 44(v) and (vi) of the judgment dated 04 November 2022 in SLP (Civil) No. 8658-8659 of the year 2019.

EPFO is considering the option of increased pension during the job?

In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that on August 22, 2014, G.S.R. As per the Employees’ Pension (Amendment) Scheme, 2014 notified vide 609(E), with effect from 01 September 2014 only employees drawing salary up to Rs.15,000 per month are entitled to subscribe to the Employees’ Pension Scheme (EPS), 1995.

What is the status of those who retired or employed after September 1, 2014?

In response to this question, Union Labor and Employment Minister Bhupendra Yadav said that those persons who have retired after 1st September 2014 or who are in service and are members of EPS 1995, they can apply for G.S. .Prohibit. are governed by the provisions of the EPS, 1995 as amended vide 609(A).

What is the Supreme Court’s order?

The Supreme Court has directed under Section 142 of the Constitution of India that members of the EPS, 1995, who have exercised the option to contribute on salary in excess of the wage ceiling as required in the proviso to pre-amended Article 11(3) of the EPS, 1995 not exercised shall be entitled to exercise the combined options under clause 11(4) of the post-amended scheme within the extended time period of four months.

Provided further that the remaining requirements as per the amended provision shall be complied with. The Supreme Court directions have legal, financial, actuarial and logistical implications and are being studied.

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Whose retirement has been done till 31 August 2014. Let us tell you that in December 2022 itself, a circular was issued by EPFO. In which it was said to increase the pension of some pensioners. It is being told that there is a plan to implement the circular in the month of February itself.

These are the guidelines of EPFO

​​According to the guidelines provided by the Provident Fund Organization, members created after September 1, 2014 will now get a chance to deposit an amount equal to 8.33 percent of their actual salary in EPS. The maximum limit of which has been kept by the organization is 15000 rupees. Let us tell you that such employees who have contributed for pension on 5000 or more while in the job will get the benefit. Along with this, while being a shareholder of the organization, the joint option of the pre-amendment scheme has been used.

This is the method of applying for more pension.

If you are a subscriber of EPFO ​​and fulfill the above eligibility, then you have to go to the nearest office. After this, the officer of the Pension Department will have to fill the application form by referring to the new guidelines. In which necessary details have been sought. After filling, they will have to submit the hard copy of their Aadhaar card and PAN card to the department. After this, you will be informed through a message whether you will get the benefit of higher pension policy or not.

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Being a member of EPFO ​​means that your PF is deducted every month. An alert has been issued by the Employees’ Provident Fund Organization (EPFO) for the employees whose PF is deducted. This alert has been issued in the last few days after many frauds in the name of EPFO ​​came to the fore.

EPFO does not ask for personal information

Such alerts have been issued by EPFO ​​in the past as well, but in the last few days the cases of fraud have increased rapidly. It was told by tweeting on behalf of EPFO ​​that EPFO ​​never asks for personal information like PAN, Aadhaar, UAN, bank account and OPT from its members through phone, social media, WhatsApp etc.

Do not answer calls or WhatsApp calls

EPFO ​​warned that EPFO ​​never asks to deposit any kind of money through social media, WhatsApp etc. for information related to any service or for anything else. In such a situation, all the members are advised not to answer any such call or WhatsApp call.

Employer’s share is deposited in two parts

12 percent of the basic salary and dearness allowance of EPFO ​​members is deposited in the EPFO ​​account. Similarly, 12 percent of the basic salary has to be paid by the employer. There are two parts in this 12 percent. Out of 12 percent, the first part of 8.33 percent goes to Employee Pension Account (EPS) and the remaining 3.67 percent amount goes to EPF account. There is a provision for the employee to get this amount on retirement. But you can remove it if needed even during the job.

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Through the Employees Provident Fund Organization (EPFO), the government runs the Employees Pension Scheme (EPS) to provide social security for retirement to the employees. In order to get more pension after retirement, the court has given relief in its decision last month for the employees to contribute more in the pension scheme.

The Supreme Court has extended the deadline for opting for the higher contribution option in the pension scheme to 6 months. Earlier this deadline was given for 4 months. In the case of the Employees’ Pension Scheme, the Supreme Court had said on November 4 that the employees who have not yet opted for enhanced pension coverage before 2014, have a chance to opt for it in the next four months from November 2022.

Explain that to choose this option, the employees along with the employer will have to give a declaration to EPFO. According to the report, the Supreme Court has said on Friday that the employees who have not exercised the option to join the pension scheme will have to do so within six months. The bench has said that the eligible employees who could not join the scheme till the last date should be given an additional chance as there was lack of clarity on the issue in the judgments issued by the High Courts of Kerala, Rajasthan and Delhi.

Got time till April 2023

After this decision of the court, the members of the flagship retirement savings scheme of the Employees’ Provident Fund Organization (EPFO) have got a big relief. Because now they have got 6 months instead of 4 to get more contribution option. Meaning, members can exercise the option from November 2022 to April 2023. Within this deadline, the employees along with their employer will have to give a declaration to the Employees’ Provident Fund Organization regarding excess contribution in the pension scheme.

The government gave this indication

The central government has already indicated that it is in the process of increasing the salary cap by contributing more amount to get pension. Currently, the salary limit for the Employees’ Provident Fund (EPF) scheme of EPFO ​​is Rs 15,000 per month. It was last revised and increased from Rs 6,500 per month in the year 2014. The government can now increase this salary limit and add it to Rs 21,000 per month.

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Let us tell you that this time interest will be available at the rate of 8.1 percent. According to the information received so far, the Employees’ Provident Fund Organization has calculated the interest received in the PF account in the financial year 2022. Soon it will be transferred to the account of the account holders. This time a total of Rs 72,000 crore deposited in the account of the government will be sent to the account of the employed.

When will the money be transferred?

It is worth noting that last year people had to wait 6 to 8 months for interest. But, last year due to Covid, the atmosphere was different. This year the government will not delay. According to media reports, interest money can be transferred to the account by the end of this month. This year’s interest is at the lowest level in 40 years.

The calculation of interest is quite simple

If you have Rs 10 lakh in your PF account then you will get Rs 81,000 as interest.
If you have Rs 7 lakh in your PF account, you will get Rs 56,700 as interest.
If you have Rs 5 lakh in your PF account, then Rs 40,500 will come as interest.
If you have one lakh rupees in your account, then 8,100 rupees will come.

1. Know Balance from Missed Call

To check your PF money, you have to give a missed call on 011-22901406 from your registered mobile number. After this, you will get the details of PF through the message of EPFO. Here also it is necessary to have your UAN, PAN and Aadhaar linked.

2. Check Balance Online

1. To do online balance check, log on to the EPFO ​​website, click on e-passbook at epfindia.gov.in.
2. Now on clicking on your e-passbook, a new page will come to passbook.epfindia.gov.in.
3. Now here you fill your username (UAN number), password and captcha
4. After filling all the details, you will come to a new page and here you will have to select the member ID.
5. Here you will get your EPF balance on the e-passbook.

3. Balance can also be checked on UMANG App

1. For this, you open your UMANG App (Unified Mobile Application for New-age Governance) and click on EPFO.
2. Now on the other page, click on Employee-centric services.
3. Here you click on ‘View Passbook’. With this, you fill your UAN number and Password (OTP) number.
4. OTP will come on your registered mobile number. After this you can check your PF balance.

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Subscribers can update KYC through EPFO’s online portal epfindia.gov.in. If your EPF account is not KYC compliant then EPFO ​​can reject the claim request of the subscribers. You can update your KYC information sitting at home through UAN (Universal Account Number) EPFO ​​(Employees Provident Fund Organization) portal. For this you will need UAN.

If KYC is updated then there is no problem in money transfer or withdrawal. In case of non-updation of KYC, claim requests will be rejected. If you have not submitted the KYC documents, then the EPF member will not get any SMS alert.

How to update KYC online

Step 1: First of all, you have to go to the EPFO ​​member portal.
Step 2: Now you have to login by entering your 12 digit UAN number, password and captcha code.
Step 3: After login, a new page will open. In which you will see Manage written.
Step 4: From here select the ‘KYC’ option.
Step 5: A new page will open with a list of different document types. Enter the document number, name as per the document and other details like IFSC in case of bank details and expiry date in case of passport and driving license.
Step 6: Now click on ‘Save’.
Step 7: The status of the KYC document will appear in the column ‘KYC Pending for Approval’.
Step 8: The ‘Digitally Approved KYC’ state will appear after the documents are verified by the employer. Also, SMS will be received on your registered mobile number.

These documents will come in handy

for KYC update Aadhar Number, Permanent Account Number (PAN), Bank Account Number, Passport, Driving License etc. will be useful.

Let us tell you that the Employees’ Provident Fund Organization has started the process of adding interest to the account of its account holders . EPFO gave this information by tweeting on 31 October. Responding to a user’s query, the organization said that the process of transferring interest has been started and soon the money will reach the beneficiaries’ account. Apart from this, EPFO ​​also said that no one will suffer any kind of loss in interest.

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There is also a retirement benefit scheme for employees in the private sector. This scheme is Employed Provident Fund (EPF). This scheme is for the employees working in the organized sector. Employees’ Provident Fund Organization (EPFO) manages this scheme.

In the EPF account, there is a contribution from both the employee and the employer (company). This contribution is 12-12 per cent of the basic salary plus dearness allowance. The interest rates of EPF are fixed every year by the government. For the financial year 2022-23, the interest on EPF is getting 8.1 percent annually. EPF is such an account, in which gradually large corpus is formed till retirement.

Retirement fund on 15 thousand basic salary-

Suppose your basic salary and dearness allowance together is Rs 15,000. If you are 40 years old, then till retirement i.e. by the age of 58, you can have a retirement fund of Rs 27.66 lakh ready. The maximum contribution can be made in the EPF scheme only up to 58 years.

Understand EPF calculation-

Basic Salary + DA = Rs 15,000
Current Age = 40 Years
Retirement Age = 58 Years
Employee Monthly Contribution = 12%
Employer Monthly Contribution = 3.67%

Interest rate on EPF = 8.1% p.a.
Salary growth = 10%
Maturity fund at the age of 58 years = ₹ 27.66 lakh

(Employee contribution is Rs 11.05 lakh and employer contribution is Rs 3.38 lakh. Some contribution is Rs 14.43 lakh.)

( Note: annual interest rate is 8.10 per cent and salary growth is 10 per cent for the whole year of contribution.)

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According to the rules of the Provident Fund Organization (EPFO), out of the amount deducted from the salary of the employee every month, 8.33% is deposited in the employee pension scheme and 3.67 The percentage goes to EPF every month. If the employee wants, he can also withdraw this pension fund if needed. But after withdrawing this fund, he is not entitled to get pension after retirement. The rule of EPFO ​​says that if your job is more than 6 months and 9 years is less than 6 months, then you can withdraw pension fund .

If you also want to withdraw pension fund, then for this you must know about Form 10C. Form 10C is filled and submitted to withdraw the pension fund or join with another job in the future. It can be filled and submitted both online and offline.

How to apply for pension fund-

1. If you want to apply for Withdrawal of Pension Fund, then you have to first go to the home page of UAN Portal https://unifiedportal-mem.epfindia.gov.in/memberinterface/.

2. Enter the UAN number and password and click on it. After that click on ‘Online services’ in the menu. Here you will see the option of Claim (Forms- 19, 31 and 10C). Click on this.

3. After this enter the last 4 digits of your bank account number and click on Verify. Sign on Certificate of Undertaking and click on Yes to agree to the term and conditions.

4. Now you have to select the option of Only Pension Withdrawal (Form 10C) in I want to apply for tab. Enter your full address and tick the disclaimer and click on GET AADHAAR OTP button.

5. An OTP will come on your mobile number registered with Aadhaar (UIDAI). Enter the OTP and click on Validate OTP and Submit Claim Form.

6. After this your pension claim form will be submitted and after verification by EPFO, the fund will be transferred to your bank account.

Keep these rules in mind-

If your job is less than 180 days, then you can get only PF money, not the amount deposited in pension fund. Apart from this, if your job has completed 9 years and 6 months, then it is considered as complete 10 years. An employee who contributes to the PF account after working for 10 years becomes eligible for pension after retirement. In such a situation, you will not be able to withdraw the pension fund before retirement. But at the age of 58, you will start getting the benefit of monthly pension from this fund, which will be available for life.

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If the employee wants, he can also withdraw this pension fund if needed. But after withdrawing this fund, he is not entitled to get pension after retirement. The rule of EPFO ​​says that if your job is more than 6 months and 9 years is less than 6 months, then you can withdraw pension fund . 

If you also want to withdraw pension fund, then for this you must know about Form 10C. Form 10C is filled and submitted to withdraw the pension fund or to join with another job in the future. It can be filled and submitted both online and offline.

How to apply for pension fund

• If you want to apply for Withdrawal of Pension Fund, then you have to first go to the home page of UAN portal https://unifiedportal-mem.epfindia.gov.in/memberinterface/.   
• Enter the UAN number and password and click on it. After that click on ‘Online services’ in the menu. Here you will see the option of Claim (Forms- 19, 31 and 10C). Click on this.
• After this, enter the last 4 digits of your bank account number and click on Verify. Sign on Certificate of Undertaking and click on Yes to agree to the term and conditions.
• Now you have to select the option of Only Pension Withdrawal (Form 10C) in I want to apply for tab. Enter your complete address and tick the disclaimer and click on GET AADHAAR OTP button
• An OTP will be sent to your mobile number registered with Aadhaar (UIDAI). Enter the OTP and click on Validate OTP and Submit Claim Form
• After this your pension claim form will be submitted and after verification by EPFO, the funds will be transferred to your bank account. 

keep these rules in mind

If your job is less than 180 days, then you can get only PF money, not the amount deposited in pension fund. Apart from this, if your job has completed 9 years and 6 months, then it is considered as complete 10 years. An employee who contributes to the PF account after working for 10 years becomes eligible for pension after retirement. In such a situation, you will not be able to withdraw the pension fund before retirement. But at the age of 58, you will start getting the benefit of monthly pension from this fund, which will be available for life.

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Not only can you take a loan from the amount of these PF, but additional bonus is also given to you. It is being told that this Diwali also some employees will be given bonus. Those who have completed departmental formality.

According to the information, the account holders whose basic salary is up to 5 thousand rupees. They will get an additional bonus of up to Rs 30,000 on retirement. At the same time, those whose basic salary is more than 10 thousand, they will be given additional bonus up to 50 thousand rupees.

Here are the Terms and Conditions

According to the rules issued by the Provident Fund Organization, if an employee faces any physical problem before completing 20 years of service, such employees are given additional bonus on retirement. Additional bonus is given to such employees on retirement.

It is said that the employees who are going to retire on this Diwali. According to the terms and conditions issued to them, they are entitled to bonus. is being told. That there are thousands of such employees, who are going to get the bonus amount before Diwali. However, no official announcement has been made about it yet.

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Money can be transferred to the account soon:

Most of the employees of the country have their own PF account in which they contribute every month. If your PF money is deducted from your salary, then soon a large amount can be transferred to your account. At present, the PF account of more than 6 crore employees is present across the country.

Who will get this benefit:

Employees’ Provident Fund Organization (EPFO) KK will transfer PF interest money to the employees’ account very soon. In such a situation, those employees whose PF account has Rs 5 lakh deposited, they can get 40 thousand rupees as interest. According to media reports, the interest amount will be transferred to the PF account soon.

Check PF account balance sitting at home:

• To check the balance of PF account, you have to visit the website epfindia.gov.in.
• Then click on the option ‘Click here to know your EPF balance’.
• After this, through the redirect link, you have to go to the page of epfoservices.in/epfo/.
• – There you have to click on the option of ‘member balance information’.
• Then the PF account number and registered mobile number have to be entered there.
• After this, after selecting your state, you have to click on the website link of your state’s EPFO ​​office.
• Finally, click on the option of ‘Submit’.
• After completing this process, you will be able to see your PF account balance on the screen.

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Employees’ Provident Fund Organization ie EPFO ​​account holders (EPFO Subscribers) can get a big gift soon. According to the report of ET Now Swadesh, the minimum pension (EPFO Pension) can be increased three times. It has been said in the report that a meeting of the Central Board of Trustees of EPFO ​​is going to be held next month. The three-fold increase in the minimum pension is expected to be discussed in this meeting . The minimum pension can be increased from the present Rs 1,000 to Rs 3,000.

According to the report, a committee headed by the Labor Secretary will submit its report in this matter soon. This decision will benefit about 6.5 lakh pensioners and 5 crore subscribers of EPFO.

There may be an increase in the limit of investment in equity Apart from this, the discussion on increasing the CBT equity limit from 15 percent to 25 percent will also be discussed in the meeting. Let us tell you that the labor union is not in favor of increasing investment in equity. Behind this, he is citing the uncertainty in the stock market as the reason.

Let us tell you that a few days ago, the Finance Ministry had announced 8.1 percent interest rate for the financial year 2021-22, giving a shock to the Employees’ Provident Fund Organization subscribers. This is the lowest level in four decades. For the financial year 2020-21, the rate of interest on EPF was 8.5 percent. The impact of this decision of the government will be on 65 million subscribers i.e. 6.5 crore jobseekers. In order to keep it attractive amid the declining interest rate, the government is considering increasing the limit of investment in the stock market from the EPFO ​​fund.

Actually, debt funds are not getting the required returns, so efforts are being made to get the targeted return by increasing investment in equities. An important meeting of the Finance Investment and Audit Committee was held two weeks ago to consider this proposal. The proposal which will be presented by this committee will be presented before the EPFO ​​Central Body of Trustees.

A meeting of the Central Body of Trustees is proposed in the last week of June. After the discussion on the proposal in this meeting, it will be sent to the Labor and Finance Ministry for final approval.

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EPFO has solved this problem. Recently, the Provident Fund Organization has recommended a new scheme. Under which those people can also be brought under the purview of pension, who are not getting pension till now. Let us know about this plan.

Government can make changes in the Act-

According to the EPFO, the Employees Provident Funds and Miscellaneous Provisions Act, 1952 will have to be amended to bring all the employees and self-employed people in the unorganized sector under the purview of EPFO.

In order to enable people in the unorganized sector to take advantage of the retirement savings scheme, the EPFO ​​has recommended the removal of the salary and employee limits. In this act, if the limit like the number of employees and salary will be removed, then the people doing business will also be able to get the benefit of this new scheme.

Now this is the rule-

According to the rules of EPFO, the same company or firm is registered in EPFO. Where at least 20 employees work. According to reports, EPFO ​​is in talks with all stakeholders for the new scheme and state governments are also being approached for the same. At present EPFO ​​has more than 5.5 crore subscribers.

The fund of the Employees’ Fund Organization will increase-

EPFO gives provident fund, pension and insurance to its account holders through EPF, Employee Pension Scheme and Employee Deposit Linked Insurance Scheme.

If the Act is changed, then the subscribers to the Employees’ Provident Fund organization will increase and this will also increase the corpus of EPFO.

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According to the information, EPFO ​​has said in its Vision 2047 document that it can be considered to increase the retirement age in the country. At present, the retirement age in India is 58 to 65 years. The retirement age in private companies is 58 years. At the same time, the government has fixed the retirement age at 65 years in many departments.

Retirement age in India is less than the countries of America and Europe. The retirement age in the European Union is 65 years. At the same time, it is 67 years in Italy, Denmark and Greece. The retirement age of employees in the US is 66 years.

Elderly population will become 14 crores

According to the report, by the year 2047, India will become a country with a large population of elderly people. At that time the number of people above 60 years of age will increase to 14 crores. Because of this, the pressure on pension funds will increase.

For this reason, EPFO ​​has asked to consider increasing the retirement age. If the retirement age increases, more money will be deposited in EPFO ​​and other funds in the long term. This will reduce the pressure on the pension system and will also help in reducing the effect of inflation.

Over 6 Crore Subscribers

EPFO has over 6 crore subscribers and manages pension and provident funds of over Rs 12 lakh crore. According to the news, EPFO ​​will include Pension Fund Regulatory and Development Authority (PFRDA) in its plan. PFRDA operates the National Pension Scheme of the Central Government.

According to the 2021 report of the National Statistical Office (NSO), the population of the elderly aged 60 and above in the country was 138 million (13.80 million) in 2021. In 2031, this figure can reach 194 million (194 million).

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There is great news for more than 73 lakh pensioners of the country. More than 73 lakh pensioners of Employees’ Provident Fund Organization (EPFO) will now be able to get pension together. For this, the government is preparing to set up a central pension distribution system. The EPFO ​​meeting is going to be held on July 29 and 30 in this regard. According to the information, this proposal can get green signal in this meeting.

In fact, at present, 138 regional offices of EPFO ​​in the country send pension to the accounts of pensioners of their area. Due to which pensioners get the pension amount in their account at different days and times. If this system continues to be approved, then pension amount can be sent in one go to the accounts of more than 73 lakh pensioners across the country.

Let us tell you that in the 229th meeting of CBT held on 20th November, 2021, the trustees had approved the proposal for development of centralized IT based system by C-DAC. The Labor Ministry had said after the meeting that thereafter the details of regional offices would be transferred to the central database in a phased manner. This will facilitate the operation and delivery of services.

With the implementation of the centralized system, EPFO ​​subscribers will get many benefits. With this there will be no duplication, as well as multiple PF accounts of a member will become a single account after merger. If someone changes jobs then the hassle of transferring PF account will also end.

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According to the report, a committee headed by the Labor Secretary will submit its report in this matter soon. This decision will benefit about 6.5 lakh pensioners and 5 crore subscribers of EPFO.

There may be an increase in the limit of investment in equity

Apart from this, the discussion on increasing the CBT equity limit from 15 percent to 25 percent will also be discussed in the meeting. Let us tell you that the labor union is not in favor of increasing investment in equity. Behind this, he is citing the uncertainty in the stock market as the reason.

Let us tell you that a few days ago, the Finance Ministry had announced 8.1 percent interest rate for the financial year 2021-22, giving a shock to the Employees’ Provident Fund Organization subscribers. This is the lowest level in four decades. For the financial year 2020-21, the rate of interest on EPF was 8.5 percent. The impact of this decision of the government will be on 65 million subscribers i.e. 6.5 crore jobseekers. In order to keep it attractive amid the declining interest rate, the government is considering increasing the limit of investment in the stock market from the EPFO ​​fund.

Actually, debt funds are not getting the required returns, so efforts are being made to get the targeted return by increasing investment in equities. An important meeting of the Finance Investment and Audit Committee was held two weeks ago to consider this proposal. The proposal which will be presented by this committee will be presented before the EPFO ​​Central Body of Trustees.

A meeting of the Central Body of Trustees is proposed in the last week of June. After the discussion on the proposal in this meeting, it will be sent to the Labor and Finance Ministry for final approval.

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If you also have any complaint related to your PF account then you do not need to go to any office. You can also get your complaint resolved by registering it online. Not only this, you can also check the status of your complaint online.

If an EPF account holder has any complaint related to EPF withdrawal, transfer of EPF account, KYC etc., then he can take advantage of the facility of this Grievance Management System. EPFO has appealed to the EPFO ​​users to give information about their problems online on the EPFO ​​portal epfigms.gov.in by tweeting from its official Twitter account.

Apart from this, the organization has also issued a toll free number on which you can easily register your complaint by calling. It is worth noting that most of the services of EPFO ​​are now available online. EPFO’s online services can be availed on EPFO’s website as well as UMANG app.

File a complaint online like this

• First of all go to the portal epfigms.gov.in.
•  Click on ‘Register Grievance’ to register the complaint.
• A new webpage will open in front of you. In this, select the status in which the complaint is being registered.
• Status means PF member, EPS pensioner, employer or other.
• Select the option ‘Others’ only if you do not have UAN/Pension Payment Order (PPO).
• Select ‘PF member’ status for PF account related complaint.
• Now enter the UAN and security code and click on ‘Get Details’.
• The masked (hidden) personal details linked to the UNN will be displayed on the computer screen.
• Now click on ‘Get OTP’.
• OTP will be sent to your registered mobile number and email id in EPFO ​​database.
• After entering the OTP, verification will happen and then you will be asked for personal details.
• After entering the personal details, click on the PF number regarding which the complaint is to be lodged.
• Now a pop-up will appear on the screen. In this, select the radio button to which your complaint is related.
• Select the Grievance category and give the details of your complaint.
• If you have any proofs then they can be uploaded.
• Once the complaint is registered, click on ‘Add’ and click on submit.
• Your complaint will be registered.
• The complaint registration number will be sent to your registered email and mobile number.

Check the status of the complaint like this 

the status of the complaint lodged by you, you click on epfigms.gov.in. Here you will see the View Status option, click on it. Enter your Registered Mobile Number and Email ID here. After that enter the security code. After this you will see the status of your complaint.

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