The Workers Provident Fund Organisation (EPFO) launched a number of reforms in 2025 to simplify and digitise the method. Listed here are the 5 most vital adjustments made by EPFO this yr.
Digitisation of the joint declaration course of
EPFO has digitised the joint declaration course of from 16 January 2025 onwards. By linking the Common Account Quantity (UAN) to Aadhaar, EPF members can end the joint declaration on-line. Nevertheless, if the UAN will not be linked to Aadhaar, it turns into important to submit the joint declaration bodily.
Profile updation
A joint declaration is obligatory for workers to request adjustments to their profile particulars, that are verified by the employer. Therefore, digitising the joint declaration helps with updating profile particulars akin to title, date of start, gender, nationality, mother and father’ names, marital standing, partner’s title, and different particulars on-line with none further paperwork.
Nevertheless, in sure instances for UANs created earlier than 1 October 2017, members might have the approval of their employers.
Provident fund switch for altering jobs
Earlier, transferring the provident fund when altering jobs required the approval of the employer. From 15 January 2025 onwards, the approval of the outdated or new employer will not be essential to switch the provident fund.
Centralised Pension Cost System
EPFO applied the Centralised Pension Cost System (CPPS) from 1 January 2025 onwards. This method permits pensioners to entry their pensions from any financial institution nationwide, streamlining the method by eradicating bodily verifications and reducing the need for Pension Cost Order (PPO) transfers.
Beforehand, PPOs have been shifted from one regional workplace to a different for pension cost. Moreover, PPO is now compulsorily linked to UAN.
Based on EPFO provisional payroll information for March 2025, there was a internet addition of 14.58 lakh members, a 1.15 per cent surge in comparison with March 2024. EPFO enrolled almost 7.54 lakh new subscribers in March 2025, a 2.03 per cent enhance from February 2025.
