New EPF Scheme 2026 notified: withdrawal reasons cut from 13 to 3, single Form V filing
Summary
EPFO notified the new EPF Scheme, 2026 in the Gazette on 29 June 2026. It applies to about 80 million members.
Key points
- Partial withdrawal reasons cut from 13 to 3 (essential needs, housing, special circumstances)
- Up to 100% of the eligible balance can be withdrawn, but 25% of contributions must stay
- Employers file a combined Form V within 15 days of commencement (Aadhaar, PAN, UAN, wages)
What it means for Korean companiesExpect more PF withdrawal questions from staff. Check that UAN and Aadhaar are linked first.