EPF Scheme 2026: From 3-Day PF Claims Settlement To Easier Withdrawals, Here’s What Has Changed
Summary
The EPF Scheme 2026, part of EPFO's 3.0 digital transformation, aims to enhance efficiency by reducing claim processing time to three days for valid claims, raising auto-settlement limits to Rs 5 lakh, and allowing 75% PF withdrawal for job loss. It simplifies withdrawal rules, lowers eligibility periods, and enforces stricter penalties for delays. The scheme retains 12% contribution rates but shifts toward full digital services, requiring updated KYC details for faster processing. These changes address long-standing issues of delays and paperwork, improving accessibility for over seven crore subscribers.
(Source:Newsx)