The Employees’ Provident Fund Organisation (EPFO) is expected to launch its upgraded digital platform, EPFO 3.0 in 2025.
The new digital platform aims to improve accessibility, transparency and user friendly for 8- crore members. IT majors Infosys, Wipro and TCS have been shortlisted to manage the platform. Although the rollout was earlier planned for June 2025, it has been delayed due to technical testing.
Key Features of EPF 3.0 are-
- Direct PF Withdrawal from ATMs-
In this new system, members will be able to directly withdraw funds from their PF account. To access this facility, they will have to activate their Universal Account Number (UAN) and link Aadhaar with their bank account. - UPI withdrawals:
The new system will allow people to withdraw their provident funds through Unified Payment Interface (UPI). - Easier correction procedure:
The updated platform will allow its members to make corrections or updates online after verification through a One-time password (OTP). - Faster settlement of death claims:
The claim process for nominees in case of a member’s death will be simplified. For minors, a guardian certificate will no longer be mandatory, helping families receive financial support more quickly. - Mobile-first experience:
The new system is being built with mobile use in mind, enabling people to check deposits, claims, and account details anytime and anywhere.