The Employees Provident Fund Organisation (EPFO) has extended the deadline to activate UAN and Aadhaar seeding of bank account to December 15, 2024, from the original deadline of November 30, 2024. The extension was announced via a post on X.

Scheme A of the ELI offers one-month wage as a direct benefit transfer to individuals newly joining the formal workforce. This benefit, provided in three instalments, is applicable to first-time employees registered with the EPFO, with a maximum limit of Rs 15,000. To qualify, the employee's monthly salary must not exceed Rs 1 lakh.

The EPFO has extended the deadline to link Universal Account Number (UAN) and Aadhaar for the Employment Linked Incentive (ELI) Scheme to December 15, 2024. The ELI Scheme, introduced in Budget 2024,

The Employee Provident Fund Organisation (EPFO) plans to launch EPFO 3.0 by mid-2025, introducing features like PF withdrawals via ATMs (capped at 50 per cent), voluntary contributions beyond 12 per cent,

While these features hold significant promise, discussions around their implementation are still in the early stages, and no formal announcements have been made

After announcing PAN 2.0, the central government is planning to unveil the EPFO 3.0 plan, introducing several new features for subscribers. According to exclusive information shared by CNBC Awaaz, the Employees' Provident Fund Organisation (EPFO) may lift the 12% limit on employee contributions to the Provident Fund (PF).