EPFO: Great news for EPFO membes. The government is considering increasing the EPFO pension, and if approved, the minimum pension would rise from Rs 1,000 to Rs 5,000 per month. This would strengthen the financial situation of retired employees. If you are a salaried employee in the private sector, there’s good news for you. The central government is considering increasing the EPFO pension for employees. Employees and pensioners have been demanding this increase for a long time.
Currently, the minimum monthly pension for Employees’ Provident Fund Organization (EPFO) members is just Rs 1,000. This amount has not increased in years, despite rapidly rising inflation. It should be noted that members of the Employee Provident Fund Organization receive pension benefits under the Employee Pension Scheme (EPS). The government is considering increasing the minimum pension under the EPS scheme from Rs 1,000 to Rs 5,000.
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This pension will benefit private employees registered with the EPFO, those who have completed 10 years of service, and retired employees who currently receive the minimum pension. The increase in pensions is expected to improve the financial condition of many pensioners. However, government approval has not yet been received. This proposal could be raised in the upcoming budget or social security reform meetings. The government also plans to improve PF withdrawals, pension distributions, and ease services for senior citizens through digital platforms.
EPFO members are being advised to keep their service records updated and rely only on official announcements from the government or EPFO. It should be noted that the EPFO is a government organization that collects, manages, and safeguards the PF money deducted from the salaries of employed individuals. Its purpose is to ensure that employees have financial support after retirement.
EPFO was established in 1952 under the Employees’ Provident Fund and Miscellaneous Provisions Act. EPFO runs three schemes: the Employees’ Provident Fund (EPF), the Employees’ Pension Scheme (EPS), and the Employees’ Deposit Linked Insurance (EDLI).
Meanwhile, The EPFO (Employees’ Provident Fund Organisation) is preparing to launch a new mobile app for its members soon, making it easier than ever to withdraw PF funds. This new app will allow members to instantly withdraw PF funds into their bank accounts via UPI. This app will be separate from the UMANG app and is expected to launch around March-April 2026.
For years, the process of withdrawing PF has been a long and tedious process for employees. Long forms, visits to EPFO offices, manual verification and waiting for weeks, sometimes months, were part of this process. Now, EPFO has taken steps towards eliminating this hassle. Under EPFO 3.0, it is preparing to launch a dedicated mobile app through which members will be able to withdraw their PF money instantly using UPI. Please note that this app will be linked to the bank account and will also work with other UPI apps including BHIM. The PF money will first come into the bank account and then can be easily used through UPI.
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Sweta Mitra
Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food,...
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