EPF New Rules | Good News For Workers | EPFO Doubling The Benefits With New Rules!!

EPF New Rules | Good News For Workers | EPFO Doubling The Benefits With New Rules!!

EPF (Employees’ Provident Fund) is a great scheme by the Indian government to help us out when we retire. So, there is an organization called EPFO(Employees’ Provident Fund Organization) that manages it all, and they give each of us a special number called UAN (Universal Account Number). But here’s the update, starting this new financial year (2024-25), EPFO has changed some rules that are very beneficial for us.

We all know how changing jobs can be a bit of a struggle, especially when it comes to transferring your EPF account. Most people lose their savings in their old EPF account if they switch to a new job. However, From April 1st onwards, if you switch jobs, your EPF balance automatically moves with you to your new company. No more filling out forms or waiting around for the transfer to happen manually. EPFO has come up with this rule to help out individuals who struggle to transfer their EPF account.

EPF New Rules | Good News For Workers
EPF New Rules | Good News For Workers

But this decision is still in the tables of EPFO. We have to wait to hear officially from EPFO. Questions like, will only the account balance move, or will the interest also come along for the ride? This needs to be answered when the official rules come from EPFO.

We all know how EPF works. Every month, you and your company both save 12% of your basic salary and something called a dearness allowance. Your company’s part gets split up: some goes into a pension scheme, and the rest goes into your EPF account. EPFO announces the EPF interest rate every year, and it’s like a little bonus for us.

Here’s the interesting part, that interest gets added to your EPF account every month, but you only see it on March 31st each year. And when you finally retire, you’ll get back all the money you put in, plus all that added interest. It’s like watching your savings grow over time. It’s like a double benefit for all hardworking people.

18 thoughts on “EPF New Rules | Good News For Workers | EPFO Doubling The Benefits With New Rules!!”

  1. But why they take too much time to credit the previous year interest. There is no specific period of time, why can’t the credit with in a quarter after closing the previous year account closure

    Reply
  2. I had 29 years service in different companies and 29 years member ship with epfo.
    I had requested for weightage as per the EPFO pension rules. But they had not yet done inspite of the repeated requests. I had applied to EPFO karnal, they forward it to Faridabad to Dwarka Delhi office. They had not yet done to release my weightage.

    Reply
    • I can help u at no cost. Have u recd ppo from pf office. If yes just with that a grievance should be submitted in cpgrams.
      You will get answer. You can whatsapp for further clarification.

      Reply
  3. That’s nice to hear but do you know most of the companies under the name of CTC deduct both the contribution from an employees salary?? I what is epfo doing on that issue as worker out of fear of being terminated cannot speak. The agents who come to office to attend the epfo duties of employers are not fair and trustworthy.

    Reply
  4. Dear sir,

    What the Fin. Ministry doing for implementing of higher pension for old pensioners under fpf.

    Reply
  5. I am facing problem to withdraw my pr along with my pension… Every time it’s says decline… Without reason.. In this problem to women I have to contact please guide me.

    Reply
  6. I worked more than 17 years,my last salary is 24k, now I am 54,. I want to take pension so, how much I will get?

    Reply
  7. I’m a retired school teacher. retired in April 2022
    But my employer has still completed my kyc
    What is the use if the govt doesn’t punish such employers who don’t do their work properly in time.
    I inquired in EPF OFFICE
    they said it’s all in your employer’s hand.
    I don’t know why u people don’t see the new rules are implemented well or not
    If not then why not punish them for their misconduct n late lagergy in work
    Thanks

    Reply
  8. After 10 years of leaving my job i need to withdraw the pension scheme hence kindly suggest to me further ?

    Reply
  9. My total service period is around 26 years in 3 different companies continuously and it is updated in EPFO database as well but EPFO considered my service period 16 years only at the time of processing my pension wages. I had visited EPFO office and raised grievances to EPFO several times but still not yet resolved, don’t know why I am facing so much pain during 2 years around to get my hard earned invested money into the govt pension scheme ! I am waiting still for resolving….

    Reply
  10. I have done 13year service but my PF not transfer still date retired 2016 many time grievance also 5time but maney not transfer also new role from April 2024 auto transfer also not done my series medical problem but PF office not helping me

    Reply
  11. retired private employes getting minimum lessthan Rs1000 to maximum amounts.
    Please increase the minimum amount to Rs3000. Thank you

    Reply
  12. I have two UAN and two Passwords how to marge in one UAN. all services and all balance amount also transfer in one UAN please suggest me

    Reply
  13. I have for epf for more than 10 times in online,it’s been rejected saying form 10 c to be submitted than I went Bank and tool the seal and signature of the bank than again applied its been a year but no use this epf is useless in the company they make rhe people life miserable.whem I went to pf office to check on this no proper response from them it’s very bad each time I put permission in my workplace and loose my payment I am Feb up so I left applying it it’s been 1 year running to peenya epf office for more than 5 years they don’t understand our problem

    Reply

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