Employee Provident Fund Organization is about to launch its new digital platform called EPFO 3.0, this platform was going to start from June 2025 but due to some technical trials, its launch has been delayed. It is completely based on digitization and has been designed for the convenience of millions of PF members.
Explain that as soon as it is implemented, procedures like PF withdrawal, claim and correction will become very easy and fast. Although it has not yet been fully active, but after the launch it will change the experience of millions of employees. Meanwhile, we are going to tell you the answers to some common questions related to EPFO 3.0 which can help you understand this system.
How easy PF withdrawal will be?
Under EPFO 3.0, PF amount can be withdrawn immediately through ATM card or UPI. It will act just like a bank. You will not have to wait for a long claim like old days.
What will be the process to withdraw money from ATM and UPI?
You will get a card like APF ATM‑, which will be connected to your account. At the same time, it will be possible to withdraw money directly from mobile through UPI like we transfer from a bank app.
What will be withdrawal limit?
Under this facility, there will be a limit on immediate withdrawal. Estimated, you will be able to extract up to 50% of PF balance immediately. This will not completely eliminate the savings.
How will the account details improve?
You will be able to improve online account details like names, date of birth, KYC, bank details etc. with OTP verification. For this, there will be no need to fill the form or go to office.
How will PF Claim be auto settlement?
About 95% claim auto settlement is possible in EPFO 3.0, which will take only a few minutes to claim and increase transparency.
What else will you see on the platform?
It will be possible to see PF balance and transfer funds immediately. When we do UPI apps like Google Pay, PhonePe etc.
Will there be connections with other government schemes?
In EPFO 3.0, security schemes like Atal Pension Yojana (APY) and Pradhan Mantri Jeevan Bima Yojana (PMJJBY) can also be added, it can provide all facilities to one place.
How will the security be?
Every transaction, improvement or claim will be accompanied by OTP/ PIN verification. In this way your account will be safe and the possibility of fraud will be less.
What will be the mobile app and digital interface?
The EPFO 3.0 will have a new user-friendly mobile app and website in which PF will be able to track balance, passbook, claim status etc. Many services will be made available online in this.
How long will EPFO 3.0 be launched?
There was a plan to launch EPFO 3.0 in May-June 2025. It has also received approval from the Ministry and NPCI but due to testing, there has been some delay. But soon this platform will be available to common PF members.