EPFO 3.0 To Launch With UPI & ATM Withdrawals, What to Expect – All You Need To Know

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

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 through upgraded IT methods and can permit customers to do vital duties like taking flight budget 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 total main points are but to be published, EPFO 3.0 is predicted to glue PF accounts with UPI and ATM networks. This may just quickly permit subscribers to withdraw their eligible EPF budget immediately via UPI apps or financial institution ATMs, the use of safe strategies like a PIN or Aadhaar verification. Withdrawal limits and protection regulations will be in position to offer protection to your budget.

When Will EPFO 3.0 Launch and What to Expect Next?

According to a DD News record, EPFO 3.0 is predicted to roll out in June 2025, despite the fact that the precise release date hasn’t been formally showed but. The release might start with pilot checking out in make a choice areas sooner than increasing around the nation. Once totally carried out, the improve may just get advantages over 6 crore EPF account holders throughout India.//

EPFO Pension Access from Any Bank Branch

Starting January 1, 2025, pensioners beneath the Employees’ Pension Scheme (EPS) 1995 will be capable to obtain their pension from any financial institution department throughout India. This manner 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.