The Employees’ Provident Fund Organization (EPFO) has announced the launch of a new and advanced digital platform, EPFO 3.0, for its members. To develop and operate this new system, EPFO HAS Selected Three Leading It Companies of India – TCS, Infosys, and Wipro. This new platform will be more modern, faster, and user-friendly than the old system, which will provide better better services to millions of EPF SUBSCRIBERS.

Key features of EPFO 3.0

Automated Claim Settlement

Now the process of EPF Claims will be completely automated, which will not require manual verification. This will increase the speed of claim approval manifold, and members will be able to get money immediatily.

Online Account Update

Now members will not need to visit the EPFO Office to Change Their Name, Date of Birth, or other details. They will be able to update their account through the app or web portal from home.

Pf withdrawal from atm

Under EPFO 3.0, after the claim is approved, member will be removed This facility will be especially beneficial for that who need funds immediatily.

OTP Verification System

In place of the old form-based process, all verifications will now be done through otp (one-time password). This will increase security and reduce the possibility of fraud.

Better Pension Service

Epfo has approved the Centralized Pension Payment System (CPPS), under which pensioners will now be able to withdraw their penalty from any bank in the country. This will make the Pension Payment Process Smother.

Objective of EPFO 3.0

This new platform of Epfo will provide fast, transparent, and convenient services to the members, furthering the vision of digital India. After its launch, all the processes to EPF – Such as Claim, Nominee Update, Pension, or Account Transaction – Can Be Completed From Home.

“Epfo’s digital leap”

EPFO 3.0 is bringing a big change for the Employees of India. It will not only reduce processing time but will also increase transparency and convenience. Such Technological Advancement will now give EPF Members even access to their funds, which is an important step towards digital India.