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The Employees' Provident Fund Organisation (EPFO) has announced some major changes in the guidelines and policies for its crores of subscribers. Most of these changes are likely to come into effect from the new year. The retirement fund body is preparing to launch several new facilities for its subscribers.

The aim of these new rules is to provide more convenience to PF account holders and help them manage their retirement funds in a better way. These changes will benefit both private sector employees and government employees. Let's know about these new rules.

5 New Rules for PF Account (EPFO New Rules 2025):

Facility to withdraw PF money from ATM

EPFO has decided to issue an ATM card to provide more convenience to the members which will provide a 24/7 fund withdrawal facility to the subscribers. This ATM withdrawal facility is expected to start in the financial year 2025-26. With the implementation of the new guidelines, subscribers will be able to easily withdraw funds anytime in 24 hours. This will also save a lot of time for the subscribers. At present, they have to wait for about 7 to 10 days to receive PF money in their bank account.

Employee's contribution limit may change.

Another major change to be made next year is to change the EPF contribution limit for employees. Currently, employees contribute 12% of their basic salary to the EPF account every month. However, the government is considering allowing employees to contribute based on their actual salary instead of the Rs 15,000 fixed by the EPFO.

After the implementation of this policy, employees will be able to accumulate a large fund till their retirement and get more pension every month.

EPFO IT system upgrade

EPFO is upgrading its IT infrastructure, which will allow PF claimants and beneficiaries to easily withdraw their deposits. It is expected that this upgrade will be completed by June 2025. Once the IT infrastructure is upgraded, members' claims will be settled faster than before. Also, this will increase transparency and reduce cases of fraud.

Facility to invest in equity

EPFO is considering allowing its members to invest in equity. This will give PF account holders the option to manage their funds more effectively. If the retirement fund body allows direct equity investment, then members can expect high returns.

Easy pension withdrawal

EPFO is making important changes for pensioners. Under the new rule, pensioners will be able to withdraw their pension from any bank in the country without any additional verification. This step will be very convenient for the members and will also save a lot of their time as they will be able to withdraw their pension from any bank.

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