If you are a jobholder and every month money goes into your PF account, then there is great news for you. EPFO's new digital platform EPFO 3.0 is going to be launched soon. After its arrival, many big problems related to PF will end, and everything from withdrawing money to claiming will become easier.
Let us know how the entire system of PF is going to change with the launch of EPFO 3.0 and what big benefits 8 crore employees are going to get from this.
What is EPFO 3.0?
The Employees' Provident Fund Organization (EPFO) is preparing to launch its new version, EPFO 3.0. The purpose of this platform is to make PF service faster, easier, and completely digital. The government has shortlisted big IT companies like Infosys, Wipro, and TCS for this.
Delay in the launch of EPFO 3.0
EPFO 3.0 was to be launched in June 2025, but has been delayed due to technical testing. It is expected that soon this platform will be available to all employees.
Employees will get these benefits in EPFO 3.0
1. PF money will also be withdrawn from UPI
PF withdrawal on the new platform will also be possible through UPI. That is, it will be easy to withdraw money from apps like Google Pay, PhonePe, or Paytm. This will prove to be very helpful, especially in an emergency.
2. Facility of PF withdrawal directly from the ATM
After the arrival of EPFO 3.0, you will be able to withdraw money directly from your PF account from an ATM. Just like cash is withdrawn from the bank account, PF money will also be available immediately. For this, it will be necessary to have a UAN active and an Aadhaar linked to the bank account.
3. Online claim and correction are easy
Now there will be no need to visit the office for PF claim and changes in personal details. Everything will be online, and corrections will be done only with OTP. Claim status can also be easily tracked.
4. Fast settlement of the death claim
EPFO has recently directed that the settlement of death claims will be made easier. A guardianship certificate will not be required for minor children. This will provide immediate help to the family.
5. Better digital experience
The new EPFO 3.0 platform will be more user-friendly. It will be easy to track the PF account balance, contribution, and other details.
EPFO is providing many special facilities
Apart from this, EPFO has started many more facilities. KYC process has become easier with Aadhaar, correction in name and date of birth is being done online and PF transfer has also become faster when changing jobs.
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