EPFO 3.0 : The government is soon making a big digital change for over 9 crore employees of EPF accounts. As per the latest information it is launching from June 2025, which is the new system called EPFO 3.0. This upgraded new system will allow all the peoples to manage their PF accounts completely online without visiting any PF office.
What is EPFO 3.0?
EPFO 3.0 is a big digital upgrade in history, that will make it easy for users to manage their PF related all work. With this new system, all the PF employees now can:
- Update personal information
- Link bank accounts
- Submit PF claims
- Check claim status
All these tasks you can now do online using your phone or laptop. This new system will use OTP to make the process safe and quick.
Withdraw PF Through ATM Like Cards
One of the most exciting features in this new upgradation is the EPFO ATM like card. This card will work just like a regular ATM card, but it will be linked to your PF account. Using this now you can withdraw your PF money directly from ATMs.
To get this new EPFO card you needs to link your UAN Number and verify it through an OTP. Once it is activated the card gives you instant access to your savings. Then after without the need to wait for approval or fill long forms you can instantly withdraw your PF money.
Instant Claim Settlement and Easy Corrections
EPFO 3.0 will also bring auto claim settlement which will work like AI. Which means that PF claims will be processed instantly which was earlier tooks several days or weeks to settle all the claims.
Also now users can now correct mistakes in their personal details like name, address, or nominee information online without going to any EPFO office.
Who Will Benefit?
As per Labour and Employment Minister Mansukh Mandaviya now over 9 crore EPF account holders in India will benefit directly of this new system. This digital new transformation is mainly made to make the system faster, more user-friendly, and to reduce the physical office visits of peoples.
EPFO is currently manages funds worth over ₹27 lakh crore, and ₹3.41 lakh crore was added in the financial year 2024 25. The current interest rate on PF savings is 8.25% whoch is a very good return to employees.
One Platform for Many Government Schemes
The government also making a big plans to link other schemes with the EPFO platform, such as:
- Atal Pension Yojana
- PM Jan Dhan Yojana
- PM Jan Bima Yojana
In the future, ESIC beneficiaries may also get Ayushman Bharat healthcare services through private and charitable hospitals under this new system. This big change will definitely create a new revolution in the new era of PF.