The Employees’ Provident Fund Organization (EPFO) has made some amazing changes for its crores of members in the year 2025, due to which PF-related work will now be done in minutes. These changes will not only provide convenience to the employees, but will also have a big impact on their hard-earned money and pension matters. So, if you are also a member of EPFO, then you need to know these five big changes. Now, say goodbye to the hassles of PF.
Updating a profile has become child’s play
Now making any kind of change in your profile in EPFO has become a piece of cake. If your Universal Account Number (UAN) is linked to your Aadhaar card, then you can update important information like your name, date of birth, gender, nationality, parents’ names, marital status, spouse’s name, and date of starting the job online from home without any paper.
However, members whose UAN was made before 1 October 2017 may have to take approval from their company in certain cases. This revolutionary change will prove to be a milestone in saving the valuable time and effort of employees.
The hassle of company approval is over
Transferring PF money on changing jobs used to be a tough job, in which both the old company and the new company used to have a tough time. But from January 15, 2025, EPFO has made this difficult task easy too. Now, in most cases, there will be no need to get approval from the old or new company.
If your UAN is linked to Aadhaar and your personal information (name, date of birth, gender) is correct, then your PF money will be transferred in the blink of an eye. This change will help tremendously in managing your savings and maintaining continuity.
Your pension is now directly in your bank account
EPFO has started a new system from January 1, 2025, the Centralized Pension Payment System. Now your pension will come directly into your bank account, that too through the secure platform of NPCI. Earlier, to send a pension, a Pension Payment Order (PPO) had to be sent from one regional office to another, which often caused delays.
But now this hassle is over forever. Apart from this, linking the new PPO with UAN has also been made mandatory, which will also make it easier for our dear pensioners to submit a digital life certificate! This change has brought a big sigh of relief for pensioners.
Straight rule for higher pension on higher salary
EPFO has made the pension rules very clear for those employees who want to get a pension according to their higher salary. Now the same rule will apply to everyone in this matter. If the salary of an employee is more than the prescribed limit and they contribute more from their side, then they will be considered entitled to get a pension on a higher salary.
Companies running private trusts will also have to follow these new rules of EPFO. This clear rule will prove to be a game-changer in increasing the pension amount for employees with higher salaries.
Correcting mistakes is now a cakewalk
On 16 January 2025, EPFO issued new and easy guidelines to simplify the process of Joint Declaration (JD). Now, if there is any mistake in your PF details or any information is incomplete, then it will be very easy to correct it.
This will make the claim process faster and more transparent than before. These changes will make EPFO’s services even better and more convenient for employees and pensioners. Now you don’t have to worry even for small tasks related to PF.