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Economy News

The Economic Times

Economy / The Economic Times

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EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digital

India's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, replacing the 1952 version. This modernization prioritizes digital compliance and simplified processes, aligning with new labor codes. Key changes include easier partial withdrawals for members and enhanced governance for employers, aiming for wider social security coverage and improved benefit delivery.

1 Jul 2026 2:33 pm