EPFO will allow it subscribers to gain faster access to their provident fund savings, with the facility to withdraw EPF directly into their bank accounts through a UPI-based payment gateway expected to roll out by April this year. The labour ministry is developing a system under which a portion of the EPF balance will remain locked in, while a substantial share can be withdrawn seamlessly via the Unified Payments Interface.
EPFO has simplified partial withdrawal rules by merging multiple provisions into a single, easy framework, ending confusion and delays. Members can now withdraw up to 75% of their balance for eligible needs, while 25% remains invested for retirement security.
With the latest notification, the Transgender Identity Certificate/Card has now been formally added to this list of acceptable documents. “The said document shall be deemed to have been included in the List of Acceptable Documents available as Annexure II to the circular dated January 16, 2025, on Simplification of Joint Declaration Process,” the EPFO said.
'India is certainly looking more expensive than most other markets when we look at it comparatively, but at the same time, India is also a faster-growing market. So, it can well be defended,' says the Value Research CEO
The Employees' Provident Fund Organisation has been working on several initiatives over the last few years to ensure a smoother experience for its subscribers. It is now taking that a step further with its next set of reforms.
The facility applies to employees who were left out of EPF coverage between July 1, 2017, and October 31, 2025. By opening a time-bound window, EPFO aims to encourage voluntary compliance and reduce disputes arising from delayed or missed enrolments.
The Ministry of Labour and Employment introduces EES 2025, enabling employers to enrol workers left out of EPF between July 2017 and October 2025, with reduced penalties and a focus on formalising social security coverage.
Union Labour Minister Mansukh Mandaviya announced that EPFO subscribers will soon be able to withdraw their provident fund directly through ATMs and UPI, eliminating lengthy paperwork. He said the new digital withdrawal options are expected to be rolled out before March 2026. The move aims to make EPF access faster, simpler and more member-friendly.
EPS 1995 operates as a Defined Contribution–Defined Benefit social security scheme. The pension fund is financed through an employer contribution of 8.33% of wages and a central government contribution of 1.16% on wages up to Rs 15,000 per month. Benefits are disbursed from the accumulated corpus, which, as per the actuarial valuation dated March 31, 2019, reflects a deficit.
Under the present rules, only employees earning up to Rs 15,000 in basic pay must be brought under EPF and EPS. Those earning even marginally above this can opt out, and employers are not obligated to register them
Central PF Commissioner says aim of recent reforms is to do away with manual interventions, discretion, unnecessary or redundant processes; officers free to focus on claim settlement, other issues.
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