EPFO Rules: Important Update for Employed People, Learn 15 New EPFO ​​Rules

EPFO Rules: The Employees’ Provident Fund Organization has recently made several significant changes to the rules and procedures related to PF. These reforms aim to provide better, faster, and digital services to employees and pensioners, eliminating the need for frequent office visits. Let’s explore in detail the key changes that every member should know.

Previously, the provisions related to PF withdrawals were divided into several different rules. Now, these have been simplified and integrated. Members can withdraw up to 75 percent of their funds if needed, while the remaining amount is reserved for retirement. This has made it easier to access financial assistance in emergencies.

Learn 15 Key EPFO ​​Rules

Expansion of Auto Advance Claims – Previously, the auto claim facility was primarily limited to medical needs. Now, advance withdrawals are also possible for reasons such as marriage, education, and housing. A large number of claims are now being processed automatically, saving time.

PF transfers made easier upon job change – Previously, PF transfers required the approval of the previous employer. Now, members can complete the transfer process directly through their current employer based on their active UAN and updated KYC. This has reduced delays.

Faster Bank Account Verification – The process of updating and verifying bank details has been made online. Members can enter the correct account number and IFSC through the portal or the Umang app and verify using an Aadhaar-linked OTP.

Removal of Check Upload Requirement – With the introduction of online bank verification in collaboration with NPCI and banks, there is no longer the need to upload a cancelled check or a copy of the passbook. This has reduced errors and made the process faster.

Online Passbook Facility – Passbook viewing is available on the Unified Member Portal. Members can now view their PF balance, deposit, and withdrawal details by directly logging in.

UAN Generation and Activation from Home – Members can now create and activate their UAN themselves using Aadhaar-based face authentication. This process does not require a visit to the office or the employer’s permission.

Correction of Incorrect Member ID – If there are any errors in the service history, members can correct them through the portal. The incorrect ID can be delinked and corrected using the Aadhaar-linked OTP.

Profile Update Facility – Once the UAN and Aadhaar are linked, basic information such as name, date of birth, or gender can be modified online. This ensures more accurate records.

Centralized Pension Payment System – Under the new system, pensions are being deposited directly into any bank account on time. This has provided greater convenience to pensioners and made the payment process transparent.

Timely Credit of Interest – Interest on EPF is calculated monthly, while credit is made once a year. The amount remains protected at the prescribed rate, even if there are technical delays in crediting.

Reformulation of Pension Contributions – Clear guidelines have been issued to correct cases of incorrect pension contributions, reducing disputes at the time of settlement.

Digital Life Certificate Facility – The introduction of the Doorstep Digital Life Certificate service allows pensioners to access their life certificates from the comfort of their homes, providing relief to the elderly.

Relief in the EDLI Scheme – The minimum insurance benefit under the Employee Deposit Linked Insurance Scheme has been increased, and eligibility criteria have been relaxed. This provides better financial security to the family of the deceased member.

Preparations for PF Withdrawals from ATMs – The government has indicated that, in the future, members will be able to withdraw PF funds through ATMs. However, final guidelines regarding withdrawal limits are not yet clear.