The Employees Provident Fund Organization may make 5 new changes in the year 2025 for the convenience of the employees, which will help the subscribers a lot. Let us tell you which 5 rules can be changed by EPFO to help the PF holders, which will benefit the employees.
Facility to withdraw PF funds from ATM
EPFO is planning to give employees the option of withdrawing funds 24 hours a day and 7 days a week. The organization can provide the facility of withdrawing funds through ATM to PF holders from this year itself. With the implementation of this new rule, PF subscribers will be able to withdraw money from ATM, which currently takes 7 to 10 days.
Change in employee contribution limit
This year, the organization can also change the limit of contribution to the fund by the employees. Under EPFO, currently, the employee himself contributes 12% of the fund and the company contributes the same amount. The government can increase this limit.
IT systems upgrade
EPFO is upgrading its IT system this year, so that PF holders can easily deposit funds. It is being said that the organization will complete the IT upgrade by June 2025. Along with this, claims can be settled easily due to the system upgrade.
Option to invest in equity
The Employees Provident Fund Organization can give the option of investing in equity to PF holders. With this, PF holders will be able to manage their funds themselves and also get higher returns from there.
Ease of pension withdrawal
Under EPFO, PF fund is known as a retirement fund, from which PF holders get pension after retirement. EPFO is making important changes to make it easier for employees to withdraw pension funds. Now pensioners will be able to withdraw money without any additional banking verification.
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