The Employees Provident Fund Organisation (EPFO) presented a number of reforms in 2025 to streamline and digitise the procedure. Here are the 5 most substantial adjustments made by EPFO this year.
Digitisation of the joint affirmation procedure
EPFO has actually digitised the joint affirmation procedure from 16 January 2025 onwards. By connecting the Universal Account Number (UAN) to Aadhaar, EPF participants can complete the joint affirmation online. However, if the UAN is not connected to Aadhaar, it comes to be vital to send the joint affirmation literally.
Profile updation
A joint affirmation is required for workers to demand adjustments to their account information, which are confirmed by the company. Hence, digitising the joint affirmation aids with upgrading account information such as name, day of birth, sex, citizenship, moms and dads’ names, marriage condition, partner’s name, and various other information online with no added files.
However, in particular instances for UANs produced prior to 1 October 2017, participants might require the authorization of their companies.
Provident fund transfer for transforming work
Earlier, moving the provident fund when transforming work called for the authorization of the company. From 15 January 2025 onwards, the authorization of the old or brand-new company is not required to move the provident fund.
Centralised Pension Payment System
EPFO executed the Centralised Pension Payment System (CPPS) from 1 January 2025 onwards. This system permits pensioners to access their pension plans from any kind of financial institution nationwide, improving the procedure by getting rid of physical confirmations and lowering the requirement for Pension Payment Order (PPO) transfers.
Previously, PPOs were changed from one local workplace to one more for pension plan settlement. Additionally, PPO is currently imperatively connected to UAN.
According to EPFO provisionary pay-roll information for March 2025, there has actually been an internet enhancement of 14.58 lakh participants, a 1.15 percent rise contrasted to March 2024. EPFO registered virtually 7.54 lakh brand-new customers in March 2025, a 2.03 percent boost from February 2025.
