Attention PF Account Holders! 5 New EPFO Rules You Need To Know For 2025

EPFO is set to roll out major updates to its guidelines and services next year. These changes aim to make managing your retirement savings easier and more convenient. Both private and government employees will benefit from these enhancements, designed to help you better oversee your PF accounts.

Starting FY 2025-26, EPFO plans to issue ATM cards for subscribers, making it possible to withdraw PF funds 24/7, according to various media reports. This new feature will make it easier and quicker to access your savings without waiting for days. Subscribers will no longer have to wait 7-10 days for the money to be transferred to their bank accounts, as reported by ET.

A significant change is on the horizon for EPF contributions! Currently, employees contribute 12 per cent of their basic salary to their EPF account, capped at Rs 15,000 as fixed by the EPFO. The government is now exploring a proposal to let employees contribute based on their actual salary, removing the Rs 15,000 limit.

EPFO is enhancing its IT systems to make PF withdrawals quicker and hassle-free, with minimal human intervention. Expected to be completed by June 2025, this upgrade promises faster claim settlements, greater transparency, and reduced chances of fraud, ensuring a smoother experience for members.

EPFO is considering allowing its members to invest in equities beyond just Exchange-Traded Funds (ETFs). This move could give PF account holders more control over their investments, offering opportunities for higher returns and better portfolio diversification. If approved, direct equity investments would open up a new path for members to enhance their financial growth and optimize their investment strategies.

The new rule will make it easier for pensioners to withdraw their pension. Going forward, they will be able to access their pension from any bank in the country without needing additional verification. This change is designed to save time and offer greater flexibility for pensioners across India.