EPFO 3.0, the new digital platform of the Employees' Provident Fund Organisation, is set to launch for PF members. Processes like PF withdrawal, claims, and account corrections will be easier to do from home. Features include instant withdrawal via ATM/UPI, auto claim settlement, connection with other government schemes, and a secure digital interface. The launch is potentially scheduled for May-June 2025.
EPFO 3.0: The Employees' Provident Fund Organisation (EPFO) is preparing to launch its new digital platform, EPFO 3.0, which is expected to be available to general PF members in June 2025. The new platform will simplify and expedite processes such as PF withdrawals, claims, and account details corrections. It will enable instant withdrawals via ATM/UPI, auto-settlement of approximately 95% of claims, and connections with other government schemes like APY and PMJJBY. PF balance, passbook, and fund transfers can be tracked instantly through a user-friendly mobile app and website, while ensuring secure transactions based on OTP/PIN verification.
PF Withdrawal Will Be Instant
Under EPFO 3.0, PF amounts can be withdrawn instantly. You will no longer have to endure the lengthy claim processes of the past. With this new facility, it will be possible to withdraw money instantly from your PF account via ATM card or UPI.
Procedure for Withdrawing Money via ATM and UPI
In the new platform, each member will get an ATM-like card for EPF. You can withdraw money directly from ATM machines using this card. Additionally, it will be possible to transfer funds directly from your PF account via UPI through your mobile. This process will be just like using a banking app.
Withdrawal Limit
There will be a certain limit on instant withdrawals under this facility. It is estimated that you can withdraw up to 50 percent of your PF balance instantly. This will ensure that your savings are not completely depleted and you can withdraw money as needed.
Account Details Correction
In EPFO 3.0, members will be able to correct their account details online. Corrections such as name, date of birth, KYC, and bank details can be easily made via OTP verification. There will be no need to fill out any forms or visit the office.
Auto Settlement of PF Claims
In the new platform, auto settlement of approximately 95 percent of PF claims will be possible. This means that it will take only a few minutes to process claims. This will make the claim process transparent and fast, and will also save employees' time.
Other Facilities on the Platform
In EPFO 3.0, members can view their PF balance and transfer funds. This facility will work exactly like transferring money using UPI apps such as Google Pay and PhonePe.
Connection with Other Government Schemes
In EPFO 3.0, security schemes like Atal Pension Yojana and Pradhan Mantri Jeevan Bima Yojana may also be added in the future. The benefit of this will be that members will be able to see information and benefits of all government schemes on a single platform.
Security and Privacy
All transactions, account corrections, and claims will be secured through OTP and PIN verification. This will keep the account safe and reduce the possibility of fraud.
Mobile App and Digital Interface
EPFO 3.0 will also have a new user-friendly mobile app and website. Through this app and website, members will be able to track PF balance, passbook, and claim status. Many services will be made available online, reducing the need to visit the office.
Launch Status
EPFO 3.0 was planned to be launched in May-June 2025. It has received approval from the ministry and NPCI. However, the launch has been slightly delayed due to testing. It is expected that this platform will soon be available to general PF members.
After the arrival of EPFO 3.0, the PF experience of employees will completely change. Now PF withdrawals, claims, account corrections, and other services can be done quickly and easily from home. This new phase of digitalization will save employees time and increase facilities.
