00:00If you are also an employee of a private sector and your money is deposited in the PF account every month,
00:09then there is a possibility of many major changes in the new year, i.e. 2025.
00:14Employees Provident Fund Organization, i.e. EPFO, is going to undergo many important changes in the year 2025,
00:22which will affect lakhs of salaried employees across India.
00:26The motive of these changes is to increase the experience, improve the process and improve employee and employer transparency.
00:34So let's tell you in detail about these changes in this video.
00:38These changes are expected to have an important effect on the financial safety of lakhs of Indian employees,
00:44which will ensure a stronger and more secure retirement for the future.
00:49Some changes are being given here that can be implemented in the year 2025.
00:55According to reports, EPFO will issue an ATM card with which employees can withdraw money for 24 hours.
01:02This is an important part of the changes in services for employees.
01:06And it is estimated that this service of ATM withdrawal will be implemented during the next financial year.
01:12Employee's EPF contribution limit will be eliminated.
01:16Currently, employees deposit 12% of their gross salary in the EPF account every month.
01:22However, instead of using the 15,000 rupees set by EPFO, the government is considering contributing to employees according to their basic salary.
01:32According to some reports, EPFO is considering reinvesting a portion of the ETF income in shares and other assets to increase returns.
01:43This can be implemented anytime during the new financial year.
01:47And in September 2024, Level Minister Mansukh Mandavia approved the Centralized Pension Payment System, or CPPS,
01:55under which 7.8 million members can get pension under the Employee Pension Scheme from any bank branch.
02:02This rule will be in effect from January 1, 2025.
02:05Employees Provident Fund Organization, or EPFO, has given employers the last chance to upload the salary details of employees by January 31, 2025.
02:16In addition to this, it is necessary to provide clarification by EPFO by January 15, 2025 for employees to work on higher pension applications.
02:26So, what is your opinion on the changes that are taking place in EPFO for their benefit in 2025?
02:35Give us your opinion in the comment box and keep watching GoodReturns for such updates.
02:39Don't forget to like and subscribe to our channel.
02:46Thank you for watching!
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