EPFO NEW RULES
Lost your job but can't withdraw your 25% EPF balance, wait 3 years for EPS 95 final pension withdrawal, how fair are these new EPFO rules?
The Central Board of Trustees has revised Employees' Provident Fund Organisation rules. New regulations have changed EPF withdrawal limits and minimum balance requirements. Premature final settlement periods have been extended significantly. These changes aim to streamline processes and enhance retirement corpus accumulation. However, some critics argue the new rules restrict access to personal funds.
EPFO new rules: After backlash, government explains how revised EPF, EPS pension withdrawal rules will benefit members
The Labour Ministry and EPFO have clarified recent changes to EPF withdrawal and EPS pension rules, refuting claims of 'open theft'. The reforms aim to simplify partial withdrawals, allowing access to employer contributions, and introduce a 25% minimum balance to ensure long-term social security. Pension withdrawals are now permitted after 36 months to encourage continued pension eligibility.
EPFO rules change: Opposition alleges salaried people being 'punished'; Govt fact-checks claims
Opposition leaders are raising their voices against the newly introduced guidelines for the Employees' Provident Fund Organisation, characterizing them as 'overbearing' and 'inhumane' towards the workforce. They argue that the alterations place an undue burden on salaried workers in light of economic shortcomings. Conversely, the government has responded comprehensively, denying these allegations as 'misleading.
EPFO reforms: CBT announces 100% EPF withdrawal, sets new minimum balance rules, launches ‘Vishwas Scheme’ to reduce litigation
EPFO has introduced significant changes to EPF withdrawal rules. Members can now withdraw up to 100% of their eligible balance. Limits for education and marriage withdrawals have increased. Minimum service for partial withdrawal is now 12 months. A new minimum balance requirement ensures retirement savings. These reforms aim for greater flexibility and ease of living for members.
EPFO New Rules Explained: Check what's changing and how it will affect your provident fund, pension
EPF New Rules 2025: EPFO members can now withdraw up to 100% of their eligible provident fund balance for specific needs. A minimum of 25% of the corpus must remain in the account. The final settlement period after job loss is extended to 12 months for EPF and 36 months for EPS.
EPFO members can transfer PF corpus to their pension account
Important updates for EPFO members: New rules around withdrawing your Provident Fund (PF) and pension funds have been introduced. To fully withdraw your PF, you must be unemployed for a minimum of 12 months, while pension fund withdrawals are tied to a 36-month unemployment period.
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Higher EPS pension for EPF members allowed by Punjab & Haryana High Court for pre-2014 retired employees with these three conditions
The Punjab & Haryana High Court has ruled that certain employees who retired before September 1, 2014, may still be eligible for higher pensions. This ruling applies to those who didn't exercise the joint option earlier, provided their employers contributed to the pension fund, they were pension fund members, and they didn't voluntarily exit the fund.
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EPS 95 Pension: Madras HC allows higher EPS pension for post-Sept 1, 2014 retirees under this condition
Madras High Court ruled in favor of 86 retired BHEL, Trichy employees. The court directed EPFO to accept their joint application for higher pension. EPFO had rejected their application citing Trust rules. The court stated that Provident Fund rules cannot deny pension benefits. Employees who retired after September 1, 2014, can apply. They must remit the differential contribution with interest. Read more.
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1 out of every 4 PF claims rejected in 2023-24-Know strange reasons why claims of these subscribers were denied
Many salaried employees find claiming their Provident Fund a challenging ordeal despite its promise of financial security. Technical glitches, KYC discrepancies, and overlapping employment records often lead to claim rejections. Subscribers face a maze of procedural hurdles and unexplained errors, highlighting the need for improved EPFO systems and proactive checks by individuals.
New EPFO rule: Faster death claim settlements, less paperwork; here's what you need to know
Guardianship Certificates will no longer be necessary when settlement funds are deposited directly into the bank accounts of the deceased member's minor children, according to a new circular by EPFO
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Major EPFO update: New FAT rule delays payroll, UAN generation; are you impacted?
EPFO mandates that, starting August 1, 2025, all allotment and activation of UANs should be done through the UMANG app using face authentication technology.
EPF withdrawal claim: Do you need to submit any documents while withdrawing money from your EPF account?
Many EPF members are confused whether they are required to submit any documentary evidence while submitting an EPF withdrawal claim to the EPFO. The government has provided the answer to this query in the current parliament session.
Has EPFO announced a new form for pensioners to be submitted by July 28? Here's what the government says
A viral message falsely claimed that EPFO pensioners must submit a new form by July 28, 2025, or face pension suspension. PIB Fact Check confirmed this is fake news. New EPS rules starting January 1, 2025, will allow pensioners to access their pension from any bank branch across India.
PF rules change in 2025: Key EPFO rule changes to expect in 2025
EPFO rule changes 2025: The Employees' Provident Fund Organization (EPFO) is set to undergo several significant changes in 2025, impacting millions of salaried individuals across India. Here are some important new rules which could be implemented in 2025 to benefit EPFO members.
PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement
New EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employees Provident Fund Scheme will help EPF members to get more interest in claim settlement and faster claim settlement. Know all about the new rule, when it is applicable, and which EPF claims it will impact.
Will higher EPS pension dream collapse due to EPFO's new calculation rules?
There have been reports that EPFO has adopted a new rule for calculating higher EPS pension for members who have retired on or after September 1, 2014. As per reports the services period is getting divided into two parts and pension is calculated on pro rata basis which is likely to result in reduced pension for these members.
EPFO notifies new rules for stenographer's recruitment
EPFO is seeking employment of 187 stenographers at Level 4 pay scale, to be revised for 30% of stenographers to Level 6 on completion of five years of regular service. As per the notification, the central board in consultation with the central government may relax any of the provisions of these rules with respect to any class or category of persons.
View: Why EPFO investment rules should be overhauled
Instead of parking funds in the safe harbour, it should venture out into the open, where risks and rewards are both higher, diversifying its portfolio.
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After Kingfisher Airlines was grounded in 2012, employees had staged a massive protest over the non-payment of PF dues.
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