EPFO has taken many initiatives recently in order to improve delivery of services for PF holders.
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Retirement Fund body Employees' Provident Fund Organisation (EPFO) has announced several new updates for provident fund holders.
Many initiatives are being taken to improve delivery of services by the EPFO aiming bring those at par with banking system. Here are the major service updates 2025 regarding your PF that you need to know.
Over 7.6 crore members of retirement fund body EPFO can now change personal details like name and date of birth online without any verification by the employer or approval by EPFO with the rollout of a new facility on Saturday.
The Employees' Provident Fund Organisation (EPFO) members with e-KYC EPF accounts (Aadhaar seeded) can file their EPF transfer claims online with Aadhaar OTP (one time passward) directly without any need for intervention of the employer.
EPFO has simplified the process of joint declaration on the EPFO portal by allowing employees to self-correct most common errors in personal details like name, date of birth, gender, nationality, father/ mother's name, marital status, spouse name, date of joining and date of leaving, without any verification by employer or approval by EPFO.
EPFO has completed the Centralized Pension Payments System (CPPS) rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the labour ministry said on Friday. The CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement. Under CPPS, a beneficiary will be able to withdraw pension from any bank and there will be no need for to visit the bank for verification at the time of commencement of pension, and the amount will be immediately credited upon release, it stated.
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