EPFO
The Employees Provident Fund Organization (EPFO) has made several major changes for its shareholders this year. The changes made by the EPFO will give more than 7 crore active members a variety of convenience. Not only this, in the coming days, many big changes are ready. Let us know about the five most important changes of EPFO 2025.
1. It was very easy to update profiles
EPFO has now made the process of updating profiles quite simple. If you have a universal account number (UAN) link to Aadhaar, now you can update information like your name, date of birth, gender, nationality, parents’ name, matrimonial status, spouse’s name and date of starting job without any document.
2. It is easy to transfer PF now
Transfer PF while changing the first job was a long and sometimes troublesome process. Work could not be done without the approval of the company. But now this process has been made quite easy. Now in most cases PF transfer does not require the approval of the old or new employer. This causes PF money to be transferred to the new account quickly and easily.
3. It became easy to do joint declaration
The EPFO has made the joint declaming process digital. If your UAN is link to Aadhaar or Aadhaar is already verified, then you can submit a joint announcement online.
4. CPPS system started
EPFO has started Centralized Pension Payment System (CPPS). Under this, pension will now be sent directly to any bank account through NPCI platform. For the first pension payment, the PPO (pension payment order) had to be transferred from one regional office to another, which delayed.
5. Pension process on salary was clear
For employees who want to take pension on their higher salary, EPFO has now made the entire process clear. Now a similar method will be adopted for all. If the salary of an employee is more than the limit and he wants pension on it, then he can get this facility by giving additional contribution.
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