India's provident fund framework is entering a new chapter with the notification of the Employees' Provident Funds Scheme, 2026 under the Code on Social Security, 2020. Along with the new Employees' Pension Scheme, 2026 and Employees' Deposit-Linked Insurance Scheme, 2026, the new framework seeks to modernise India's social security architecture while preserving the core protections that employees have relied upon for decades.
For existing EPF subscribers, the immediate question is simple: Will anything change for my accumulated PF balance and monthly contributions? For new entrants to the workforce, the focus is likely to be on understanding when PF membership applies, how contributions work and what benefits can be accessed during the course of employment.
