Good news for EPFO members: withdrawing Provident Fund (PF) money will soon be much simpler.
Currently, the PF withdrawal process involves filling out multiple forms and submitting documents, which can be time-consuming.
But with the upcoming launch of EPFO 3.0, you will be able to withdraw your PF money in minutes using UPI apps or ATMs—no need for online forms or paperwork.
Just visit an ATM or use your UPI app to access your PF funds easily. This new digital platform will benefit over 80 million PF subscribers.
Delay and Expected Launch
Originally, EPFO 3.0 was planned to launch in June 2025 but faced delays due to technical challenges and testing. It is now expected to roll out soon.
The launch will be discussed in a meeting led by Union Labor Minister Mansukh Mandaviya on October 10-11.
How Is PF Withdrawal Done Currently?
Right now, EPFO members must fill out claim forms (Forms 31, 19, 10C, and 10D) either online or offline and provide documents and bank details.
For specific cases like home purchases or medical emergencies, documentation is mandatory.
The offline method requires visiting an EPFO office, making the process slow and inconvenient.
What Will EPFO 3.0 Change?
Under EPFO 3.0, PF accounts will be linked directly to UPI and ATM networks. Members will be able to withdraw a set amount of PF funds instantly via their UPI apps or from bank ATMs.
Withdrawals will be authenticated using Aadhaar or a secure PIN. To protect funds, certain withdrawal limits will be set.
More Features Beyond Withdrawals
EPFO 3.0 will also include a simple digital interface where employees can easily check their PF balance, track contributions, and monitor claim status.
It will also allow users to file PF claims or update personal information online without visiting an EPFO office.
