EPFO 3.0 launch date nears: 'Big effort to de-clog EPFO underway'; ATM to UPI withdrawal, major changes ahead

Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Council (EAC-PM), on Thursday, August 28, said that the Employees' Provident Fund Organisation (EPFO) is set to see a major transformation through EPFO 3.0, which isn’t the easiest thing to implement. 

“A big effort to de-clog EPFO is underway. No easy task. Look forward to feedback once this is launched and the system stabilises,” Sanyal said in a social media post on X. 

What is EPFO 3.0, and when will it be launched?

The EPFO is gearing up to launch its latest digitally advanced version, EPFO 3.0, in 2025 itself. The new platform will offer enhanced services to subscribers with efficient claim processing and a number of updated features available online. 

EPFO 3.0 was initially planned to be launched in June this year, but the ongoing technical testing has caused some delays in the implementation. It’s important to note that the PF organisation hasn’t announced any official date for the launch of EPFO 3.0 yet. 

Top features of EPFO 3.0:

Many other changes are expected to be introduced under the much-awaited update of the EPFO platform, including easy access via mobile phones. The ease of access to funds and faster claim processing will make the whole process easier for beneficiaries. 

However, this is a difficult task to implement PAN India, as Sanyal says. Employees across the country are eagerly waiting for the launch to enjoy the updated system and see how the advanced features work for themselves.