The EPFO is undergoing a significant digital transformation. Once regarded as a traditional department lagging in digitalization, it is now embracing modernization. From 2025, you will even be able to withdraw your PF directly from ATMs.
The Employees Provident Fund Organisation (EPFO) is set to introduce significant changes in the new year. If you’re an EPFO member and regularly contribute to your PF account, this news will be highly relevant for you. Here, we’ll highlight 5 major changes EPFO plans to implement in 2025 and the benefits they will bring.

Employees Provident Fund Organisation: The number of employees who are members of the Employees Provident Fund Organization (EPFO) is increasing continuously. EPFO ​​​​changes the rules from time to time so that the members do not have to face any kind of problem. Some important changes are to be made by EPFO ​​​​in 2025 as well. If you are also a member of EPFO ​​​​and deposit money in the PF account every month, then this news can prove to be very useful for you. Here we are going to tell you about 5 big changes to be made by EPFO ​​​​in 2025.

You will be able to withdraw money from ATM

This is one of the biggest changes to be made under EPFO 3.0. According to various reports, you will be able to withdraw money from the ATM starting in June. Reports also suggest that withdrawals will be capped at 50% of the total PF balance. While EPFO allows linking bank accounts to PF accounts, member employees will have the facility to withdraw money from their PF account. However, it remains unclear whether they will use this linkage for ATM withdrawals or if a new mechanism will be introduced for ATM withdrawals. In the event of the account holder’s death, their beneficiaries will be eligible to use the ATM for withdrawals. To facilitate this, beneficiaries will need to link their bank account to the deceased EPFO account.

The Employees’ Deposit Linked Insurance (EDLI) scheme provides a maximum insurance benefit of Rs 7 lakh to the legal heirs of deceased EPFO members. Reports also suggest that beneficiaries will be able to withdraw insurance claims via the ATM. According to an ANI report, Labour Secretary Sumita Dawra mentioned that a major enhancement is expected by January 2025.

Can Increase Contribution

Under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, both the employee and employer contribute 12% each of the basic salary, dearness allowance, and retaining allowance, if any, to the EPF account. The employee’s entire contribution is deposited into the EPF account. Under EPFO 3.0, Out of the employer’s contribution, 8.33% goes into the EPS (Employee Pension Scheme) and the remaining 3.33% goes into the PF account. Another major change this year is that you can deposit additional money into your pension account if desired, which will increase your pension amount after retirement.

Formula- How To Calculate EPS pension

Number of years of pensionable service X Average monthly salary for 60 months)/70.

A Special Mobile App With All Details

Like mobile banking, a special app is set to be introduced for EPF accounts. Through this all the members will be able to track the details of the monthly contributions in their account, pension fund, contributions from previous jobs etc..

Union Labor Minister Mansukh Mandaviya has announced that his ministry will soon introduce a new IT system. This new system will resolve the issue of transferring a member ID when changing jobs, ending the hassle for employees. It will also simplify the process of claiming money from the PF account. Additionally, the upgraded IT system will help employees avoid fraud.

Can invest in equity in Future

EPFO is also considering an equity option for its members. This will help employees to manage their funds better. The idea could help the members to gain higher returns in their PF account.

Withdraw your pension from any bank, anywhere

Pensioners will be able to withdraw their pension from any bank in the country. This is expected to provide relief mainly to those elderly people who return to their villages after retirement.