EPFO 3.0: Can withdraw EPF money from ATMs, via UPI; check key benefits

The Employees’ Provident Fund Organisation (EPFO) is preparing to roll out EPFO 3.0, a major upgrade that promises to make provident fund services faster, simpler, and more accessible for over 8 crore members.

EPFO

EPFO

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The Employees’ Provident Fund Organisation (EPFO) is preparing to roll out EPFO 3.0, a major upgrade that promises to make provident fund services faster, simpler, and more accessible for over 8 crore members.

Earlier delayed due to technical testing, the platform is now in its final stages of development with the involvement of IT giants Infosys, Wipro, and TCS, officials said.

Top 5 Benefits of EPFO 3.0

  1. ATM Withdrawals: Members can withdraw provident fund money directly from ATMs by linking Aadhaar with their bank account and activating their Universal Account Number (UAN).

  2. Instant UPI Withdrawals: Immediate PF withdrawals using UPI, making funds available in real time.

  3. Online Updates & Claims: Employees can update personal details and file claims with OTP authentication, reducing the need for physical office visits.

  4. Simplified Rules for Minors: No more guardianship certificate required for claims related to minors, ensuring quicker financial support for families.

  5. New User-Friendly Dashboard: A redesigned interface for greater convenience and transparency in managing accounts.

  6. In addition, EPFO has simplified processes such as:

  • Aadhaar-based KYC for quick verification

  • Online enrolment and corrections of personal details

  • Faster PF transfer during job changes, ensuring seamless account portability.

Once launched, it will cut paperwork, speed up transactions, and give employees greater financial flexibility, reinforcing trust in the provident fund system.

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