In 2025, significant reforms were enacted for India's retirement savings schemes, EPF and NPS. These changes aim to increase flexibility and digitalization, addressing issues like withdrawal rigidity and paperwork. Key reforms include reduced compulsory annuitisation for NPS to 20%, allowing up to 80% withdrawal at exit, and lump-sum withdrawals for smaller NPS corpora. EPF withdrawals are now simplified into three categories, and NPS offers earlier exit options after 15 years, enhancing liquidity for millions of subscribers.