The Employees Provident Fund Organisation (EPFO) launched a number of reforms in 2025 to simplify and digitise the method. Here are the 5 most vital modifications made by EPFO this 12 months.
Digitisation of the joint declaration course of
EPFO has digitised the joint declaration course of from 16 January 2025 onwards. By linking the Universal Account Number (UAN) to Aadhaar, EPF members can end the joint declaration on-line. However, if the UAN shouldn’t 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 modifications to their profile particulars, that are verified by the employer. Hence, digitising the joint declaration helps with updating profile particulars reminiscent of identify, date of beginning, gender, nationality, dad and mom’ names, marital standing, partner’s identify, and different particulars on-line with none further paperwork.
However, in sure circumstances 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 From 15 January 2025 onwards, the approval of the outdated or new employer shouldn’t be essential to switch the provident fund.
Centralised Pension Payment System
EPFO applied the Centralised Pension Payment System (CPPS) from 1 January 2025 onwards. This system permits pensioners to entry their pensions from any financial institution nationwide, streamlining the method by eradicating bodily verifications and reducing the need for Pension Payment Order (PPO) transfers.
Previously, PPOs had been shifted from one regional workplace to a different for pension fee. Additionally, PPO is now compulsorily linked to UAN.
According to EPFO provisional payroll knowledge for March 2025, there was a web 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.
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EPFO, Employees Provident Fund Organisation, UAN, joint declaration, pension fee system, provident fund, digitisation, pension fee
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