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EPFO Updates 2025
February 19 , 2025
8 days
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- The Employees’ Provident Fund Organisation (EPFO) has announced the several significant updates to its services and guidelines that will be implemented in 2025.
- The updated process classifies members into three groups for easier handling:
- Members with Aadhaar-based UANs (post-October 2017): Requests are processed online.
- Members with UANs validated by Aadhaar (pre-October 2017): Requests are also processed online.
- Members without Aadhaar-validated UANs or deceased members: Requests are submitted physically.
- The Pensioners will soon be able to withdraw their pensions from any bank in the country, without requiring additional verification.
- EPFO members will soon be able to withdraw their provident fund balance via ATMs.
- EPFO is considering offering its members the option to invest directly in equities, beyond ETFs.
- The latest data shows a decrease in formal job creation, with a five-month low of 1.34 million new EPFO members in October 2024.
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