EPFO 3.0: In 2025, plenty of positive updates await PF members. The government plans to implement numerous enhancements in the operation of the Employees’ Provident Fund Organization (EPFO). Significant changes are being implemented in it. It is thought that in this way, the operation and administration of the PF account will be significantly simplified. What adjustments will be accessible to EPF members in 2025? What amenities will be provided with this? All of this can be found in detail within this post.
Let’s find out the answers related to EPFO 3.0
The existing process under EPFO is outdated. Reports indicate that steps are underway to upgrade this whole procedure. Similar to the banking system, the central government plans to overhaul the EPFO system too. Several media reports indicate that in the future, similarly to how all banking activities are conducted online, all tasks related to EPFO will be accessible online. EPFO account holders will receive EPFO ATM Cards, similar to bank debit cards. Until now, withdrawing money from an EPF Account involved a lengthy process.
Taking out money will be as simple as withdrawing cash
However, taking out money will be as simple as withdrawing cash from an ATM. At present, this is merely a suggestion. It is under consideration. If put into action, it will greatly simplify matters for EPF members.
A different significant reform is also under discussion. At present, only 12 percent of workers’ salaries may be contributed to EPFO. However, in the future, if you wish to contribute more of your earnings, that will be an option as well. In other words, members might have the chance to contribute more than 12 percent of their earnings to PF. This will additionally enhance your retirement. This will provide a chance to enhance your future stability based on your preferences.