EPFO will launch its 3.0 version in June 2025. From withdrawing your PF through an ATM to getting your claims settled automatically, the new EPFO 3 system promises to simplify things.
What’s Changing with EPFO 3.0?
1) ATM Withdrawals: EPF subscribers might be able to withdraw their PF directly from ATMs. This will come after your claim is approved, making access to your own money faster and more seamless.
2) Auto Claim Settlement: EPFO 3.0 introduces automated claim settlements, which means less manual processing and immediate money in your account. This is a major good news for those who’ve faced delays in urgent times.
3) No More Forms for Corrections: Need to update your name or correct your date of birth? Soon you’ll be able to do it all digitally, without having to submit physical forms and need to get office approvals. The process will be supported by OTP-based verification, making account updates both easy and secure.
4) A Step Towards Full Social Security: With EPFO 3.0 the government plans to integrate key welfare schemes like: Atal Pension Yojana (APY), Pradhan Mantri Jeevan Bima Yojana (PMJJBY), Shramik Jan Dhan Yojana. This could mean one platform for multiple benefits, which is especially helpful for workers in the unorganised sector.
The EPFO 3.0 will be more digital, more direct, and definitely more user-friendly, this update can truly change lives for the better. So, whether you’re a salaried professional or a small business owner, EPFO 3.0 is something to watch out for.
