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LatestCorporate Compliance 25 June 2026

Labour Reforms for Greater Flexibility

The Employee Provident Fund Organisation (EPFO) proposes significant reforms to PF withdrawal rules, settlement timelines, and services. Additionally, experts discuss the need for comprehensive paternity and parental leave policies in India.
  • The EPFO is planning to launch EPFO 3.0, aiming to simplify PF withdrawal rules and reduce settlement timelines from 20-30 days to just 72 hours.
  • Below are some expected features of EPFO 3.0:

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EPFO 3.0 Features

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* Slightly higher interest rates for employees
\t* Extension of compulsory retirement benefits for contractual workers
* What this means for you: With these anticipated reforms, PF services might become more user-friendly, and settlement timings may be significantly reduced, allowing you to deposit and withdraw funds quickly.
However, experts caution that safeguarding policies and tangible protections are crucial.
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Labour Reforms for Greater Flexibility | Legal Suvidha