EPFO News: The Employees’ Provident Fund Organisation (EPFO) has announced a series of revolutionary changes to simplify quick and simple withdrawal of provident fund via ATMs. These changes, once implemented, would impact millions of salaried individuals who rely on Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) for financial security after retirement.
EPFO News-What’s New?
One of the most awaited proposals currently under discussion is a substantial increase in the minimum pension under the Employees’ Pension Scheme (EPS-95). At present, the minimum pension stands at Rs 1,000 per month. The government is reportedly considering raising this amount to Rs 7,500 per month.
Interest Rate And Easier Withdrawals
Alongside pension reforms, EPFO is also expected to maintain an interest rate of 8.25% for its subscribers. This proposal is currently awaiting clearance from the Finance Ministry. Once approved, the interest will be credited to EPF accounts, offering stable returns in an otherwise volatile financial environment.
DON'T MISS
Another forward-looking move is the introduction of ATM-based withdrawals for PF accounts. This feature aims to reduce delays and make it easier for members to access their funds in times of need. Instead of waiting for claim processing, subscribers could withdraw money directly, similar to a bank transaction.
If implemented effectively, this change could transform how people interact with their retirement savings, making the system more responsive and user-friendly.
Record Performance In Claim Settlements
EPFO’s recent performance data reflects a strong push toward efficiency and scale. In the financial year 2025–26, the organisation settled 8.31 crore claims, a significant jump from 6.01 crore in the previous year.
A large portion of these (5.51 crore) claims were related to advance or partial withdrawals. This indicates that more members are actively using their EPF accounts not just for retirement, but also for short-term financial needs. Around 71.11% of advance claims were settled within just three days, compared to 59.19% last year. This acceleration has been driven largely by automation and reduced manual intervention.
Steps to Reactivate Your PF Account Using E-Praapti
- Visit the E-Praapti portal
- Log in using your Aadhaar number and OTP verification
- Search for your old PF accounts using personal details
- Link the identified accounts to your current profile
- Verify and submit the request
Once completed, your inactive account should be reactivated, allowing you to access or transfer the funds as needed.
