EPFO 3.0: There is good news for crores of employed people. EPFO 3.0 is going to be launched in the year 2025. This will be the new digital platform of the Employees’ Provident Fund Organization (EPFO), which aims to make PF related services easier, faster and safer.
After this change, more than 8 crore EPF members will get facilities like online claim, instant withdrawal and easy KYC update. In simple words, with EPFO 3.0, every work related to PF will become easier than ever on mobile and digital platforms.
What is the detail
The project is being developed in collaboration with IT giants Infosys, Wipro and TCS, who have been selected to manage the platform. Although its launch was initially scheduled for June 2025, it has been postponed due to ongoing technical tests. Let’s know what facilities will be available…
1. Cash withdrawal through ATM: Members will be able to withdraw money directly from their PF account using an ATM. To avail this facility, they need to activate their Universal Account Number (UAN) and link Aadhaar to their bank account. This will allow members to get instant money in emergency situations.
2. UPI-based withdrawal: In line with India’s growing digital payment system, EPFO 3.0 will allow members to withdraw money through UPI as well. The move is aimed at reducing lengthy application and claim processes.
3. Online Claims and Corrections: Members will be able to make corrections or updates online with OTP verification, without visiting the EPFO office. They will also be able to track the status of their claims easily.
4. Quick claim settlement in case of death: The claim process will be simplified for nominees in case of the member’s death. For minors, guardianship certificates will not be mandatory, which will help families receive financial assistance quickly.
5. Improved Digital Experience: The platform is designed with mobile usage in mind, allowing members to make deposits, claims and check account details anytime and anywhere.
6. EPFO’s upcoming digital reform aims to reduce delays, expand access, and integrate with India’s evolving financial technology landscape. Once launched, this new platform could prove to be one of the most significant advances in the provident fund system in recent years.