EPFO 3.0 Update
The Employees' Provident Fund Organisation is rolling out EPFO 3.0, which will enable UPI and ATM withdrawals, and faster claim settlements. The existing EPF withdrawal rules are expected to continue, and members can update their details online. Some key features of EPFO 3.0 include:
- UPI-based PF withdrawals
- ATM facility for withdrawals
- Faster claim settlements
- Digital KYC
The upgrade aims to make handling the provident fund easier, with other key changes. EPFO members can check their EPF interest credit, monthly balance, and employer contribution online, and claims processing is expected to restart soon after the portal upgrade.
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