EPFO New rules 2025: Good news for EPF account holders, they get these 7 big benefits

EPFO New rules: Therefore, if you have opened a PF account, then definitely know the important rules and benefits related to it. With this, you can plan your future better and use this money properly when needed.

What is EPF and EPS?

Under the Employee Provident Fund (EPF), 12% of the employee's salary is deducted every month and the company also contributes the same 12%. 

This money is divided into two parts - one part is deposited in EPF (Provident Fund) and the other part in EPS (Pension Scheme). 

To get pension, it is necessary to work for at least 10 years and this pension is available after the age of 58 years. In this scheme, a minimum pension of Rs 1,000 is available every month.

2. Nomination facility

EPFO has made nomination mandatory. This means that you have to make one person (wife, husband, child or parents) as nominee in your PF account. 

If the employee dies in future, then his PF money is given to the same nominee. EPFO ​​also provides the facility to update the nominee from time to time.

Additional investment facility

EPFO not only provides the facility to invest in EPF but also in VPF. If you want, you can deposit more money in VPF than your basic salary. It completely depends on your wish.

4. Rules for withdrawing PF when changing jobs

If you change your job, you cannot withdraw your PF money immediately. There are some rules for this. After getting a new job, you can transfer your PF account of the old company to the new company. You are allowed to withdraw money only if you remain unemployed for two months after leaving the job.

5. Partial withdrawal facility

You can withdraw some money from the EPF account if needed. For example, marriage of brother or children, education of children, medical emergency, building or buying a house, or to repay home loan. 

If your PF account is 7 years old then you can withdraw up to 50% of the total amount. Money can also be withdrawn in your name or in the name of a family member for treatment.

6. Interest is available on PF

Every year, compound interest (interest on interest) is earned on the amount deposited in the EPF account. Currently, interest is earned on EPF at the rate of 8.15% per annum. However, interest is not earned on EPS (pension). The pension is determined according to the amount deposited in it.

Many companies provide life insurance to their employees, but if any company does not have this facility, then there is no need to worry. In such a case, the employee gets the benefit of EPF's EDLI scheme.

EDLI is a kind of insurance scheme in which some amount is given to the family of the employee in case of his death. 

This amount may not be much, but it can become a big support for the family in difficult times. The employee automatically joins this scheme and no separate money has to be paid for it.