Proposed EPS-95 Pension Increase and ATM Withdrawal Facility for Provident Fund Users
EPS-95 Pension May Rise 7.5 Times; ATM Withdrawal Facility Likely Soon
News 18
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The Indian government is considering a significant increase in the Employees’ Pension Scheme (EPS-95) minimum pension from ₹1,000 to ₹7,500 per month, benefiting millions of salaried workers. Additionally, an ATM withdrawal facility for provident fund accounts is being proposed to enhance accessibility and convenience for subscribers.
- 01Proposed increase of EPS-95 minimum pension from ₹1,000 to ₹7,500 per month.
- 02ATM withdrawal facility for provident fund accounts is under consideration.
- 03Expected annual interest rate of 8.25% on provident fund deposits.
- 04EPFO reported a rise in claim settlements, processing 8.31 crore claims in 2025-26.
- 05Digital initiatives like the E-PRAAPTI portal aim to enhance user accessibility.
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The Indian Ministry of Labour and Employment is evaluating a proposal to increase the minimum pension under the Employees’ Pension Scheme (EPS-95) from ₹1,000 to ₹7,500 per month. This potential change could significantly impact millions of salaried workers across India. Alongside this, the Employees’ Provident Fund Organisation (EPFO) is expected to offer an annual interest rate of 8.25% on provident fund deposits, pending approval from the Finance Ministry. Another major reform includes the introduction of an ATM withdrawal facility for provident fund accounts, aimed at simplifying and expediting access to funds. This initiative is part of a broader digital push to enhance convenience for subscribers. The EPFO has also reported a notable increase in claim settlements, processing 8.31 crore claims in the financial year 2025-26, compared to 6.01 crore the previous year. Digital initiatives, including the E-PRAAPTI portal, are being implemented to further streamline processes and improve accessibility for users.
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The proposed pension increase would significantly enhance the financial security of retired workers in India, particularly benefiting those reliant on fixed pensions. The ATM withdrawal facility would also provide easier access to funds, aiding subscribers in emergencies.
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More about Employees’ Provident Fund Organisation

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