The Employees’ Provident Fund Organisation (EPFO) is preparing to launch EPFO 3.0, a new digital platform aimed at making provident fund services more
accessible, transparent and efficient for over 8 crore members. The launch, earlier scheduled for June, was delayed due to technical testing. According to officials, the system is being developed with the involvement of IT majors such as Infosys, Wipro and TCS, shortlisted for the final round of selection. “EPFO 3.0 will transform the way employees access and manage their provident fund accounts, offering them flexibility and faster support in times of need,” a senior labour ministry official said.
Five big benefits under EPFO 3.0
- Direct PF withdrawal at ATMs
Members will be able to withdraw provident fund money directly from ATMs by linking Aadhaar with their bank account and activating their Universal Account Number (UAN). - Instant withdrawal through UPI
EPFO 3.0 will enable members to use UPI for immediate withdrawals, providing easy access to funds during emergencies. - Online claim and correction facility
Employees can update personal details and file claims online using OTP authentication, reducing dependence on physical offices. - Quicker settlement of death claims
EPFO has simplified the process by removing the requirement for guardianship certificates in the case of minors, ensuring families get faster financial support. - Enhanced digital interface
The upgraded platform promises a more user-friendly dashboard, allowing members to track contributions, claims and balances seamlessly.
Other reforms already in place
In addition to the upcoming rollout, EPFO has also simplified:- KYC through Aadhaar for quick verification
- Online enrolment and corrections for personal details
- PF transfer on job change, ensuring faster portability of accounts
