EPFO New Updates: The Employees’ Provident Fund (EPS 95) is looking into the possibility of raising the pension provided under the scheme. This is great news for employees. At present, the minimum monthly pension under this scheme stands at Rs 1,000. However, given the current situation, this amount is quite low. Labor unions and pensioners have requested an increase in the minimum pension to Rs 7,500 per month.
According to sources within the EPFO, there are significant internal discussions taking place regarding this matter. The proposal also enjoys institutional backing. A parliamentary committee has urged for an increase in the minimum pension, which would greatly benefit retiring employees.
EPFO subscribers might soon receive some positive news.
EPFO subscribers could soon be credited with interest for the financial year 2026. Reports indicate that final approval from the Finance Ministry is still pending. Once it gets the green light, the funds will be deposited directly into their accounts. This time, a proposal for an interest rate of 8.25 percent has been submitted to the Finance Ministry.
ATM-based withdrawal facility will be introduced
The EPFO is contemplating the introduction of ATM-based withdrawals for its employees. The goal is to allow subscribers to conveniently access their savings through ATMs without any complications.
Claims approved at unprecedented levels
In the financial year 2025-26, the organization processed 83.1 million claims. Out of these, 55.1 million were advance or partial withdrawal claims. An impressive 71.11 percent of advance claims were settled within just three days. To further assist subscribers, the EPFO is set to launch “E-PRAAPTI” soon. This feature will enable subscribers to reactivate old or inactive PF accounts. Additionally, it will allow subscribers to update their profiles without needing any employer involvement.
EPFO sets new record
83.1 million claims were settled under the EPFO in the financial year 2025-26. This represents a significant increase compared to 60.1 million claims last year. Of these, 55.1 million claims were for advances or partial withdrawals. According to reports, the EPFO settled 71.11% of advance claims within three days, compared to 59.19% last year.
Digital facilities simplify processing
66.8 million claims processed without check image uploads, 15.9 million accounts linked to banks without employer approval, 70.55 million transfer claims auto-processed, and 29.34 million members updated their profiles themselves. During April 2026, 61.03 lakh claims were settled, with 98.70% of claims settled in less than 20 days.
