EPFO 3.0: The Employees Provident Fund Organization (EPFO) is now going to take a big step towards providing faster, safer and digital services to the employees. After a long wait, the organization is soon going to launch the EPFO 3.0 platform, which will not only be based on modern technology but will also give users an experience like they get on a banking app or UPI platform.
IT giants given responsibility
The government has entrusted the responsibility of development and maintenance of this ambitious project to the country’s top IT companies—Infosys, Wipro, and TCS. The goal of these companies is to make this new platform easier, reliable, and completely secure for the employees. Experts believe that when these big private sector companies join it, its technical level and quality of service will be better than ever.
PF will be withdrawn through ATM and UPI
The most attractive feature of EPFO 3.0 will be that employees will now be able to withdraw money directly from their PF account through ATM and UPI. This facility will be exactly like a bank account. If there is a sudden need of money, the employee will not have to go through long processes. With the help of Universal Account Number (UAN) and Aadhaar linking, it will be possible to withdraw money in a few minutes. Experts believe that this change will further strengthen the financial security of the employees.
Online claim and quick correction
Till now, employees had to visit offices to get small corrections like name, date of birth, or other details corrected. But with EPFO 3.0, this hassle will end. Employees will be able to easily log in and correct their profiles. Not only this, the entire process of PF claims will also be completely digital now, which can be tracked in real-time. This simply means – there will be no delay in the settlement of any claim.
Better digital experience and real-time information
The new platform will give employees real-time balance and contribution information. Its interface has been designed in such a way that any employee, whether he is tech tech-savvy or not, can easily use it. The government claims that this platform will give employees as much control over their provident fund account as is available on any modern net banking app.
Instant relief on the death claim
EPFO has recently taken another big step. The organization has decided that the claim will be settled immediately in case of death. Earlier, a guardianship certificate was demanded on enrolling a minor, but now this rule has been removed. This means that in the event of the death of the employee, the family will get immediate financial assistance, and time will not be wasted in legal formalities.
Delay in launch
EPFO 3.0 was originally scheduled to be launched in June 2025. But due to constant technical testing and improvements, its launch was postponed. The ministry and the organization are currently working on making it more effective. Sources say that this platform will be available to employees across the country in the coming months.
A link to reforms already implemented
This is not the first time that EPFO has emphasized on digital services. In the last few years, the organization has taken several steps, like an Aadhaar-based KYC process, an online correction facility, and automatic PF transfer on changing jobs. These initiatives have provided a lot of convenience to the employees. But EPFO 3.0 is being considered as the next and big step of these reforms, which will provide a completely digital and seamless experience to the employees.
A glimpse of the future
Calling EPFO 3.0 just a software update would be underestimating its importance. This is a change that is directly linked to the financial plans and security of crores of employees. In the coming times, when employees will be able to withdraw money from their PF account through ATM or UPI or make claims and corrections from home, then it will really strengthen the concept of Digital India.