The Government of India notified the new Employees' Provident Funds (EPF) Scheme, 2026, replacing the old EPF Scheme of 1952 that had been in operation for over 70 years. The new scheme aims to modernise EPF administration, improve digital access, streamline claims processing, and align with current labour market realities including gig workers and portability of accounts. EPFO (Employees' Provident Fund Organisation) administers EPF for the formal sector workforce. EPF covers establishments with 20+ employees.
Economy
Government Notifies New Employees' Provident Funds (EPF) Scheme 2026; Replaces 1952 Framework
Key Points
- The Government of India notified the new Employees' Provident Funds (EPF) Scheme, 2026, replacing the old EPF Scheme of 1952 that had been in operation for over 70 years
- The new scheme aims to modernise EPF administration, improve digital access, streamline claims processing, and align with current labour market realities including gig workers and portability of accounts
- EPFO (Employees' Provident Fund Organisation) administers EPF for the formal sector workforce
- EPF covers establishments with 20+ employees
📋
📎 Read original source ↗Exam Note
• EPF Scheme 2026 notified: replaces EPF Scheme 1952; effective July 1, 2026 • Key improvements: digital access, faster claims, gig worker inclusion, account portability • EPFO: Employees' Provident Fund Organisation; under Ministry of Labour and Employment • EPF mandatory for establishments with 20+ employees; employee + employer: 12% each of basic salary
