EPFO Hikes Death Relief Fund Ex-Gratia to Rs 15 Lakh

The Employees’ Provident Fund Organisation (EPFO) has announced a significant update to its Death Relief Fund, offering enhanced financial support to the families of deceased employees. Effective from April 1, 2025, the ex gratia amount will be increased to Rs. 15 lakh, up from the previous Rs. 8.80 lakh. This hike ensures better financial security for beneficiaries during challenging times, reflecting EPFO’s commitment to employee welfare.

In addition to this, starting April 2026, the ex-gratia amount will witness an annual increment of 5%, ensuring the fund remains inflation-adjusted and continues to provide adequate support to families.

While this update strengthens financial security for EPFO members' families, it is equally important to explore supplementary financial tools for long-term stability. Investments like Bajaj Finance Fixed Deposit (FD) can help families grow their savings safely with assured returns. Check FD rates. 

One of the most notable aspects of this update is the annual 5% increment in the ex gratia amount, beginning April 2026. This adjustment is designed to counter inflation and ensure that the financial assistance provided remains relevant and impactful over time.

For instance, a family receiving Rs. 15 lakh in 2025 would see the amount grow to Rs. 15.75 lakh in 2026 and continue increasing each year. This progressive approach enhances the financial stability of beneficiaries, allowing them to plan for future expenses more effectively.

To further secure your family's financial future, consider investing in a Bajaj Finance Fixed Deposit. With returns of up to 7.30% p.a. for senior citizens and flexible tenures ranging from 12 to 60 months, it is a reliable way to grow your savings. Book FD. 

The EPFO Death Relief Fund is available to the family members, nominees, or legal heirs of deceased employees of the Central Board, EPFO. This initiative is funded through the Staff Welfare Fund, ensuring that the families of employees who served the organisation are financially supported in their time of need.

The claim process has also been simplified, ensuring that beneficiaries can access the funds without unnecessary delays. For instance, guardianship certificates are no longer required for PF settlements in the bank accounts of minor children, making the process more user-friendly.

If you are planning for your family’s financial well-being, consider Bajaj Finance Fixed Deposit as an additional safety net. With a minimum investment of Rs. 15,000, you can grow your corpus securely and ensure a steady flow of income for your loved ones. Open FD account. 

The revised ex-gratia amount of Rs. 15 lakh significantly enhances the financial security of families coping with the loss of a loved one. Here is how this update benefits beneficiaries:

• Immediate financial relief: The increased amount helps families cover immediate expenses such as medical bills, education, and daily living costs.
• Inflation-adjusted support: The annual 5% increment ensures that the assistance remains relevant and adequate over time.
• Simplified claim process: Procedural reforms by EPFO make it easier for beneficiaries to access the funds without delays.

While the EPFO Death Relief Fund provides immediate financial support, it is essential to plan for long-term stability. A Bajaj Finance Fixed Deposit can complement this by offering assured returns and flexible investment options. Do not let your savings sit idle — invest in an FD today and secure your future.

The EPFO’s decision to increase the ex-gratia amount under the Death Relief Fund to Rs. 15 lakh, coupled with an annual 5% increment starting 2026, is a commendable step toward ensuring financial security for the families of deceased employees. These updates reflect EPFO’s commitment to employee welfare and provide much-needed support during challenging times.

However, financial planning should not stop here. To further safeguard your family’s future, consider investing in a Bajaj Finance Fixed Deposit. With attractive interest rates of up to 7.30% p.a. for senior citizens, flexible tenures, and the convenience of online account opening, it is an ideal investment option for long-term financial growth.

Start growing your savings today by investing in a Bajaj Finance Fixed Deposit. Use the FD Calculator to estimate your returns and take the first step toward securing your family’s financial future.