New Delhi: In a major digital leap, the Employees’ Provident Fund Organisation (EPFO) is set to launch EPFO 3.0, a new system that will allow millions of salaried individuals to withdraw their Provident Fund (PF) directly through UPI apps and ATMs, eliminating the need for lengthy paperwork and office visits.
The rollout is expected to happen before Diwali, bringing festive cheer to crores of EPFO subscribers.
Under the new system, PF withdrawals will become as simple as withdrawing money from a savings account. Users will no longer need to fill out forms, submit documents, or wait for claim approvals. Instead, they can access their PF funds instantly using a mobile UPI app or by visiting a nearby ATM.
How EPFO 3.0 Will Work
EPFO 3.0 will link PF accounts directly to the UPI and ATM networks, enabling real-time access to funds. Users will authenticate transactions using their Aadhaar-linked mobile number or a secure PIN. To ensure safety, initial withdrawals may be subject to a limit, preventing misuse and ensuring system stability.
In addition to simplifying withdrawals, EPFO 3.0 will introduce a comprehensive digital platform where users can:
Check PF balance
Track monthly contributions
Monitor claim status
Correct account details like name, date of birth, or bank information — all from home.
This marks a significant shift from the current system, which requires online form submissions, document uploads, and often, physical visits to EPFO offices.
Launch Timeline & Approval
Originally scheduled for a June 2025 launch, EPFO 3.0 faced delays due to technical testing. However, sources indicate that the system may receive final approval during a key meeting chaired by Union Labour and Employment Minister Mansukh Mandaviya on October 10–11. If cleared, the system could go live just in time for Diwali, offering instant access to retirement savings for millions.
The move is expected to benefit over 9 crore EPFO members, making PF management more transparent, secure, and user-friendly.