EPFO update: New reforms including Passbook Lite and EPS-95 pension hike decision expected at the October 10–11 board meeting in Bengaluru.

EPFO Update: Passbook Lite Launch and EPS-95 Pension Decision

About the EPFO Update

The Employees’ Provident Fund Organisation (EPFO) has introduced a set of reforms to improve accessibility and efficiency for its subscribers. A key highlight is the launch of Passbook Lite, a simplified digital tool that allows members to check their provident fund balance quickly without heavy data usage. Alongside this, discussions on increasing the EPS-95 minimum pension have also gained momentum.

Date and Timing Details

The upcoming EPFO board meeting is scheduled for October 10–11, 2025 in Bengaluru. Important decisions regarding reforms, settlements, and pension updates are expected to be finalized during this two-day session. The timing of the sessions aligns with pre-Diwali deliberations, which often bring policy announcements that impact millions of workers and pensioners.

EPFO Reforms and Passbook Lite

• Passbook Lite: A new digital feature that provides quick access to PF balance with low data consumption.
• Annexure K Improvements: Updated format for smoother transfers of provident fund accounts across employers.
• Faster Settlements: Measures to speed up claim processing and reduce delays.

EPS-95 Minimum Pension

One of the most awaited announcements is the possible hike in the EPS-95 minimum pension from Rs. 1,500 to Rs. 2,500. This increase, if approved, will benefit lakhs of pensioners across India. However, the decision has been delayed due to financial feasibility assessments and discussions among stakeholders.

Importance and Significance

The EPFO’s decisions affect nearly 29 crore subscribers and pensioners in India. The introduction of user-friendly tools like Passbook Lite makes financial management easier, while a pension hike could provide relief to many retired workers facing inflationary pressures.

Disclaimer

The information provided in this article is based on official updates and media reports. Final decisions will be confirmed after the EPFO board meeting in October 2025. Readers are advised to check official EPFO notifications for authoritative details.

FAQs

Q1: What is Passbook Lite in the new EPFO update?

A1: Passbook Lite is a simplified tool launched by EPFO that allows members to check their PF balance quickly with minimal data usage.

Q2: When will the EPS-95 pension hike decision be made?

A2: The decision is expected to be discussed at the EPFO board meeting scheduled for October 10–11, 2025, in Bengaluru.

Q3: Why has the EPS-95 pension hike been delayed?

A3: The delay is mainly due to financial feasibility studies and the need for consensus among EPFO stakeholders before final approval.