From PF Withdrawal Rules to Aadhaar Updates: 5 Big Financial Changes in June 2025

by Jobuza Team | May 30, 2025 | BLOG, Trending News

5 Major Financial Changes in June 2025: PF Access, Credit Cards, Aadhaar and More

PF Withdrawal Rules: Starting June 1, 2025, several key financial changes will come into effect across India. These updates will impact everyday banking, investments, credit card usage, and government services. From changes in EPF withdrawals to the last date for free Aadhaar updates, here’s a detailed look at the top five financial changes you need to know.

1. EPFO 3.0 Launch: Faster PF Withdrawals and ATM-Like Access

One of the most anticipated updates is the launch of EPFO 3.0, a new version of the Employees’ Provident Fund Organisation system. Effective from June 1, this upgrade is designed to make PF-related services more efficient.

Key features of EPFO 3.0 include:

• Simplified PF withdrawals

• Faster KYC updates

• ATM-style cards to help users access EPF funds more easily and instantly

This move is expected to reduce delays in PF claim settlements and improve user experience.

2. Fixed Deposit Interest Rates Revised by Suryoday Small Finance Bank

From June 1, 2025, Suryoday Small Finance Bank will revise its fixed deposit (FD) interest rates. The updated rates will range from 4% to 8.4% for deposits below Rs 3 crore. The highest rate of 8.4% applies to tenures between 30 to 36 months.

However, there’s a notable drop in the 5-year FD rate, which will decrease by 60 basis points — from 8.6% to 8%. This adjustment aligns with broader market shifts and reflects changing economic conditions.

3. Axis Bank Rewards Credit Card Changes

Starting June 20, 2025, Axis Bank will roll out important changes to its Rewards Credit Card. These changes include:

• Revised point earning structure

• Updates to eligible merchant categories

• Modifications in the validity of reward points

These updates aim to help users better understand their rewards and make informed decisions about how they use their cards.

4. SEBI’s New Cut-Off Timings for Mutual Funds

From June 1, 2025, the Securities and Exchange Board of India (SEBI) will enforce new cut-off timings for transactions in overnight mutual fund schemes.

The updated cut-off times are:

• 3 PM for offline transactions

• 7 PM for online transactions

Orders placed after these times will be processed on the next business day, potentially resulting in a different Net Asset Value (NAV). These changes are intended to improve fund management and ensure smoother processing of investor transactions.

5. Aadhaar Update Deadline Ends June 14

The last date to update Aadhaar documents online for free is June 14, 2025. After this date:

• Online updates will cost Rs 25

• Updates at physical Aadhaar centres will cost Rs 50

The update includes verifying or changing identity and address documents. Keeping your Aadhaar details accurate is essential for seamless access to government services and banking processes.

Final Thoughts

PF Withdrawal Rules: These changes reflect India’s ongoing efforts to modernize financial systems and improve user convenience. Whether you’re an investor, salaried employee, or simply managing your day-to-day finances, staying updated on these developments is crucial.

Make sure to review these updates carefully and take necessary actions—such as updating Aadhaar details or revisiting your FD plans—to stay compliant and financially prepared.

Get Rs 5 Lakh Free Medical Cover with Ayushman Vay Vandana Card – Application Process Explained

by Jobuza Team | May 29, 2025 | BLOG, Trending News

Ayushman Vay Vandana: The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY) is a flagship healthcare scheme by the Government of India, designed to provide free medical treatment to eligible citizens. A special provision under this scheme offers cashless treatment worth up to Rs 5 lakh per year to all senior citizens aged 70 and above, regardless of their income or economic status.

This initiative aims to support more than 6 crore senior citizens across 4.5 crore households in India, making quality healthcare accessible and affordable.

Key Features of Ayushman Bharat PMJAY for Senior Citizens

• Eligibility: All Indian citizens aged 70 years and above

• Coverage: Free medical treatment up to Rs 5 lakh per year

• Network: Access to over 2,000 empanelled hospitals across the country

• No income restriction: Only age is required for eligibility

• Immediate coverage: No waiting period after enrolment

• Mandatory Aadhaar e-KYC for enrolment

Who Can Apply?

To be eligible for this scheme:

• The applicant must be 70 years or older, as per their Aadhaar card.

• There is no income or category requirement.

• If the Aadhaar card shows only the year of birth, January 1 of the following year is considered for age calculation.

• If both parents are 70 or older, only one needs to be enrolled initially. The second can be added later using the “Add Member” option.

How to Register for Ayushman Bharat PMJAY

Senior citizens can register themselves and get their Ayushman Vay Vandana Card by following these steps:

Option 1: Through the Official Website

1. Visit the official PMJAY portal: www.beneficiary.nha.gov.in

2. Complete Aadhaar-based e-KYC verification.

3. Fill in personal details such as name, age, address, and family information.

4. Upload required documents and submit the application.

5. Once approved, download the Ayushman Vay Vandana Card.

Option 2: Through the Ayushman Bharat Mobile App

1. Download the Ayushman App from the Google Play Store.

2. Open the app and tap “Login” as a beneficiary or enrolment operator.

3. Enter your mobile number, captcha code, and authenticate via OTP.

4. Provide Aadhaar details and consent for e-KYC.

5. Fill in demographic details like category, PIN code, and state.

6. Add eligible family members using the “Add Member” option.

7. Submit the application and download the card once approved.

Benefits of the Ayushman Vay Vandana Card

• Cashless treatment in empanelled hospitals, including private and government facilities

• Covers a wide range of medical conditions and surgeries

• No waiting period—coverage begins immediately

• Reduces out-of-pocket expenses for elderly citizens

• Enables senior citizens to access high-quality healthcare without financial stress

Final Words

The Ayushman Bharat PMJAY Senior Citizen Scheme is a landmark initiative aimed at securing the health of India’s elderly population. With no income or category barrier, this scheme ensures that every senior citizen aged 70 and above can access free medical care up to Rs 5 lakh annually.

Whether for yourself or your elderly family members, make sure to complete the enrolment process and download the Ayushman Vay Vandana Card to start accessing these healthcare benefits immediately.

EPFO New Rules 2025: 5 Important Conditions to Withdraw Your PF Amount

by Jobuza Team | May 27, 2025 | BLOG, Trending News

The Employees’ Provident Fund Organisation (EPFO) has introduced significant updates to its withdrawal rules for 2025. With over 7 crore Indians holding savings in the EPFO, these new regulations are crucial for anyone planning to withdraw their PF (Provident Fund).

The process has now become faster, easier, and completely digital. If you are an EPFO member and intend to withdraw your PF, make sure you meet these five key conditions.

1. UAN and Registered Mobile Number Must Be Active

Your Universal Account Number (UAN) must be active. The mobile number linked to your UAN should also be active and in your possession. During the withdrawal process, you will receive a One-Time Password (OTP) on this number for verification. Without it, you won’t be able to complete your claim.

2. Aadhaar Must Be Linked with Your EPFO Account

Your Aadhaar number must be linked to your EPFO profile. When you submit a claim online, identity verification is done through e-KYC using Aadhaar OTP. If your Aadhaar is not linked, you won’t be able to withdraw your PF.

3. Bank Account and IFSC Code Must Be Correct

The PF amount is directly transferred to your bank account. Make sure your bank account number and IFSC code are accurately updated in your EPFO records. Any incorrect information can lead to claim rejection or delay.

4. PAN is Required if Your Service is Less Than 5 Years

If you’ve worked for less than five years and are applying for a final settlement, your PAN details must be updated in the EPFO records. Without it, TDS (Tax Deducted at Source) may be charged at a higher rate.

5. Your Date of Joining Must Be Recorded in EPFO

EPFO must have your date of joining on file. If this detail is missing, it can delay or even block your PF claim. Ensure your employer has updated this information correctly in the system.

No Extra Documents Needed for Online PF Withdrawal

According to the EPFO website, you do not need to submit any additional documents for online partial PF withdrawal. The online application itself acts as a self-declaration. This move has made the process simpler and more convenient for employees.

Reasons You Can Partially Withdraw Your PF in 2025

Partial PF withdrawal is allowed for several important life events and emergencies. These include:

• Buying or constructing a house

• Closure of factory or company lockout

• Medical treatment for self or family members

• Marriage expenses (self or family)

• Education of children (after matriculation)

• Natural disasters

• Power supply issues affecting livelihood

• Purchase of equipment for disabled persons

Additionally, members who are above 54 years of age can take a partial withdrawal as a loan before retirement.

How to Withdraw PF Money Online

Follow these steps to claim your PF online:

1. Visit the EPFO portal and log in using your UAN and password.

2. Ensure all KYC details and service information are updated.

3. Choose either partial withdrawal (Form 31) or full withdrawal (Form 19), depending on your need.

4. Authenticate your claim by entering the OTP sent to your registered mobile number.

Other Key Changes EPFO Introduced in 2025

Here are some additional updates EPFO has implemented to enhance user convenience:

• Easy Profile Updates: You can now update personal details like name, birth date, gender, and marital status online without submitting documents—if your Aadhaar is linked.

• Faster PF Transfers: Transferring your PF while changing jobs is now quicker and requires less involvement from the employer.

• Online Joint Declaration: Employees can now submit joint declarations digitally through the portal, provided Aadhaar is linked.

• Centralized Pension Payments: Pensions are now sent directly to beneficiaries through the National Payments Corporation of India (NPCI), eliminating delays.

• Clear Rules for High-Income Earners: High-salary employees can now contribute extra to avail pension benefits under clarified guidelines.

Conclusion

EPFO New Rules 2025: With the new EPFO rules in 2025, withdrawing your Provident Fund has become smoother and more efficient. From Aadhaar linking to digital declarations, the process has evolved to match the pace of modern work life. Make sure your details are up to date and fulfill the required conditions to avoid any issues during your withdrawal process.