EPFO Plans 7,500 Pension Hike, Big Relief for Subscribers
Government Plans Major Pension Hike for EPFO Subscribers: The government is likely to bring significant relief to millions of Employees’ Provident Fund (PF) account holders, as the Employees’ Provident Fund Organisation (EPFO) is considering major reforms. The most notable proposal under discussion is a sharp increase in the minimum pension under the Employees’ Pension Scheme (EPS-95). If approved, the minimum monthly pension could rise from the current ₹1,000 to ₹7,500, fulfilling a long-pending demand of labor unions and aligning with recommendations made by a parliamentary panel.
In addition to pension reforms, EPFO is also working on improving liquidity and accessibility for its subscribers. One of the key proposals includes enabling ATM-based withdrawals of PF funds, which would allow members to access their savings quickly during emergencies. Alongside this, an interest rate of 8.25% on PF deposits has been proposed and is awaiting approval from the Finance Ministry. Once cleared, the interest amount will be directly credited to subscribers’ accounts, providing further financial benefit.
The EPFO has also made significant strides in digital transformation, resulting in faster and more efficient services. In the financial year 2025-26, the organization settled a record 83.1 million claims, a notable increase from the previous year. Around 71% of advance claims are now processed within three days. To further enhance user experience, EPFO has launched the ‘e-Praapti’ portal, enabling users to reactivate inactive accounts and link them through Aadhaar. These initiatives mark a major step toward simplifying processes and improving service delivery for PF members.
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