If you have a job and a PF account, then a big change is coming for you. The Employees’ Provident Fund Organization (EPFO) will soon launch a new digital platform called EPFO 3.0, which will benefit more than 8 crore members. This new system will bring together technology and convenience, and many problems related to PF will be solved. Let’s see what changes are coming.
What is going to change?
- Now there will be no long process to claim. With OTP-based verification, you can claim from home and also track its status.
- EPFO 3.0 will have a simple and user-friendly design. It will easily show PF balance, statement, and other details.
- In the future, you will be able to withdraw PF money through an ATM. For this, your Universal Account Number (UAN) must be active.
- EPFO is also working on UPI link. After this, you can transfer PF money directly through UPI apps.
- The claim settlement process will become faster and clearer, so that members get money on time.
Why is there a delay?
The main reason for the delay in the launch of EPFO 3.0 is to make the platform safe and simple. This system is linked to the money of crores of employees, so it must not have any technical problem. The team is testing, taking feedback, and fixing issues again and again. The ministry wants that when EPFO 3.0 comes, it should not just be a new system, but also an easy, fast, and safe experience for everyone.
How to withdraw PF money?
- If you want to withdraw PF money, follow these steps:
- Go to the EPFO website.
- Log in with your UAN number and password.
- Go to Online Services and fill the claim form (Form 19, 10C, or 31).
- You will get an OTP on the Aadhaar-linked mobile number. Use it for verification.
- After submitting the claim, you can track the status online.