EPFO 3.0 To Launch With UPI & ATM Withdrawals From THIS Date– All You Need To Know

New Delhi: The Employees’ Provident Fund Organisation (EPFO) is prone to roll out EPFO 3.0 in June 2025, as in step with a DD News record. One of the important thing highlights of this improve is the predicted advent of UPI and ATM-based withdrawals which might make managing and gaining access to PF accounts quicker and extra handy than ever prior to.//

What is EPFO 3.0?

EPFO 3.0 is a brand new virtual platform designed to make products and services quicker and more uncomplicated for EPF account holders. It is sponsored by means of upgraded IT techniques and can permit customers to do necessary duties like chickening out price range or updating account main points extra easily. This initiative is a part of the Labour Ministry’s broader effort to simplify and digitise monetary products and services for each salaried workers and the ones within the casual sector.

Using UPI and ATMs to Access Your EPF: What to Expect

While the whole main points are but to be published, EPFO 3.0 is anticipated to glue PF accounts with UPI and ATM networks. This may just quickly permit subscribers to withdraw their eligible EPF price range without delay via UPI apps or financial institution ATMs, the use of protected strategies like a PIN or Aadhaar verification. Withdrawal limits and protection regulations will be in position to offer protection to your price range.

When Will EPFO 3.0 Launch and What to Expect Next?

According to a DD News record, EPFO 3.0 is anticipated to roll out in June 2025, even though the precise release date hasn’t been formally showed but. The release might start with pilot checking out in make a selection areas prior to increasing around the nation. Once absolutely carried out, the improve may just receive advantages over 6 crore EPF account holders throughout India.//

EPFO Pension Access from Any Bank Branch

Starting January 1, 2025, pensioners below the Employees’ Pension Scheme (EPS) 1995 will have the ability to obtain their pension from any financial institution department throughout India. This method retirees gained’t be tied to a selected department and will get entry to their pension from any financial institution location, making the method extra versatile and handy.