The Employees’ Provident Fund Organisation (EPFO) will hold a big Central Board of Trustees (CBT) meeting on 10 and 11 October 2025. Important reforms will be finalized during this meeting. These reforms will directly help members with banking, pensions, and digital services.
What Is EPFO 3.0
EPFO 3.0 is a new software system for better services to nearly 80 million members. It will make withdrawals easier, including the option to take out money from ATMs without pre-approval. Members will also be able to withdraw small amounts quickly.
The system was supposed to start by June 2025 but was delayed because of technical problems. In the October meeting, the board will decide a new deadline. This will push agencies to work faster and bring these new services soon.
Why EPFO 3.0 Matters
EPFO 3.0 will change how members access their money. Instead of waiting for approvals, members can get their savings easily. This will save time and reduce stress for people who need quick access to funds.
It also shows that EPFO is moving toward modern banking and digital systems. This makes it easier for workers and pensioners to manage their accounts.
Pension Increase Under Review
Another big topic is the pension amount. Right now, the minimum pension is ₹1,000 per month. Many labor unions want this amount to go up.
The October meeting may decide to raise the pension between ₹1,500 and ₹2,500 per month. This increase will help low-income pensioners live better.
Even though it is not officially on the agenda, reports say it might be discussed. If approved, nearly 1 lakh pensioners who get the minimum pension will benefit.
Review of Employment Linked Incentive Scheme
The Employment Linked Incentive (ELI) scheme also needs review. This scheme started on 1 August 2025. It aims to create over 3.5 crore formal jobs in India.
Under ELI, employees can get up to ₹15,000 per month as incentive for the first time. Employers also get ₹3,000 per month for hiring new workers who earn up to ₹1 lakh per month.
The CBT will check how successful the scheme has been and suggest changes if needed.
What Members Should Watch For
Members should keep an eye on the key decisions from the meeting. These include:
| Key Topic | What to Watch |
| EPFO 3.0 deadline | New date for launch |
| ATM withdrawal | Whether facility is approved |
| Pension increase | Possible rise to ₹1,500–₹2,500 |
| ELI scheme | Review and changes |
These updates will affect millions of workers and pensioners in India.
FAQs
What is EPFO 3.0?
A new software system for easy withdrawals and better services.
When is the CBT meeting?
On 10 and 11 October 2025.
What is the current minimum pension?
₹1,000 per month.
How much pension may increase?
It may rise to ₹1,500–₹2,500.
What is the ELI scheme?
A job scheme that gives incentives to workers and employers.