The Employees’ Provident Fund Organization (EPFO) has introduced several important changes to make things easier for its millions of PF account holders.
Tasks like withdrawing PF, transferring PF balance, handling interest tax, or generating UAN (Universal Account Number) without Aadhaar have now become simpler and more secure.
What Changes Has EPFO Made?
EPFO has updated Form 13 by dividing the PF interest into two parts: a taxable portion and a tax-free portion.
This change ensures accurate tax deduction (TDS) and helps PF members clearly understand how much tax is being taken from their interest.
Faster PF Transfers
The process of transferring PF when switching jobs has become quicker. Each year, around ₹90,000 crore worth of PF is transferred.
This change will benefit about 1.25 crore people by speeding up the fund transfer process.
UAN Generation Possible Without Aadhaar
In special situations, companies can now generate a UAN even if the member does not have Aadhaar.
This is allowed in cases where a PF trust has been closed or if legal actions are pending. Employers can generate UANs in bulk using old member IDs and other available details.
Stronger Security for UAN Without Aadhaar
If a UAN is created without Aadhaar, that account will stay frozen until Aadhaar is linked. This step helps prevent misuse and protects the member’s PF money.
Quicker PF Transfer Claims
Previously, transferring PF required approvals from two different offices, which caused delays.
Now, the whole process can be handled by a single office, making the transfer faster and smoother.
These changes aim to make PF-related services more user-friendly, secure, and transparent for all members.
