There is continuous development in technology all over the world. In this episode, EPFO ​​is also going to get a tadka of technology. People were eagerly waiting for EPFO ​​3.0. Now it is set to be launched by June 2025. In such a situation, some important changes have been made in it. This new change will make the experience of EPF members even better. This is the reason why it has been designed in this way. New software has been designed for this. The government is going to launch a new mobile app of EPFO ​​by May or June 2025. Through this app, the work of EPFO ​​​​members will be done easily. Also, it will be easy to withdraw money and make transactions.

The software will be user-friendly.

This new software is going to completely change the way employees handle retirement savings. In EPFO ​​​​3.0, the interface of the website will be made easier and more user-friendly than ever before. It will allow managing the EPF account even more easily. Labor Minister Mansukh Mandaviya said that in this new system, account holders will be able to easily navigate and manage their accounts. As is the case in the Indian banking system.

Will be able to withdraw money from ATM

This will help EPFO ​​members to easily access their retirement funds. In EPFO ​​3.0, employees will now get the option to withdraw their EPF money directly from the ATM. With this facility, EPF members will be able to get money immediately when they need it. Initial improvements in the website and system are expected to be done by the end of January 2025.

Adjust your account

Apart from withdrawing money from ATMs, changes can also be made to the Employees' Pension Scheme (EPS) in EPFO. Currently the employee has to pay 12%. But under the new changes, employees will get the option to increase or decrease the amount according to their choice. This new change will make it easier for the employees.

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