EPFO 3.0- Big news for EPFO members. Have you ever thought that withdrawing PF money will become as easy as sending money through mobile? Soon this is going to be a reality. EPFO is going to bring its new version EPFO 3.0, in which members will no longer have to visit the bank. PF money will be in your hands in minutes just by using UPI app or ATM card. Now there is no need to fill online and offline PF forms. Now you will be able to withdraw PF money just from ATM.
What is EPFO 3.0?
This is the new digital system of Employees Provident Fund (EPF), which is being introduced to make PF withdrawal and services fast, easy and transparent. It was to be launched in June 2025, but was postponed due to technical reasons. Now it will be launched soon. Members will be able to withdraw their PF money through UPI apps and ATMs. Till now, claims had to be made only through the online portal, which used to take several days.
How will you withdraw money?
PF accounts will be linked to UPI and ATM networks. Members will be able to withdraw money using PIN or Aadhaar based verification. There will also be some limit on withdrawals for safety.
What will be its benefit?
You will be able to withdraw money instantly without any paperwork and long wait.
Access will be available anytime and from anywhere.
You will get immediate help in case of emergency.
Connectivity with Digital India and financial ecosystem.
What changes will happen in the claim process?
Now there will be no need to go to the EPFO office to correct errors in PF claims and personal details. Everything will be done online and through an easy interface. EPFO 3.0 will give employees real-time control over their PF funds and make the entire process faster and digital.