EPFO Update – PF employee organisations have been demanding an increase in the minimum pension amount under the EPS for a long time. PF employees demand that their minimum pension be increased to at least ₹7,000. The government has not yet provided any update on the increase in the Employees’ Pension Scheme amount.

Speculations are rife that the government may increase the minimum pension amount by the new year. Currently, the minimum pension amount is quite low. In any case, no changes have been made to the pension amount this year. According to a report, 7.8 million employees are currently receiving EPS funds. All eyes will now be on the meeting of the Central Board of Trustees. However, the date of the next meeting is not certain.

EPS Amount May Be Increased

The central government may open its coffers for PF employees. It is expected that the government may increase the minimum pension amount by the new year 2026. The minimum pension amount could increase to approximately ₹7,000. This decision may be taken at a meeting of the Central Board of Trustees.

The government increased the minimum pension to ₹1,000 in 2014. It has been almost 11 years since then, but the pension amount has remained unchanged. The EPFO ​​has been running the EPS since 1995. Furthermore, the EPFO ​​may also launch special schemes.

PF employees will no longer face difficulties withdrawing funds. This means that some rules are being simplified. The minimum pension amount will increase, but there is no official update on this yet.

This facility will be introduced for PF employees.

EPFO will soon simplify the process of withdrawing funds from provident fund accounts. This means that PF employees will be able to withdraw their funds from ATMs and also through UPI. It is expected that the government will implement both these facilities from January.

For this, you will be issued an ATM card, through which you can withdraw funds in cash. Currently, PF withdrawals occur approximately every 7 to 10 years. The government provides interest to PF employees every year. This interest is provided on the deposited PF amount. For the financial years 2024 and 2025, interest was paid at 8.25 per cent, which was credited to the accounts.