EPFO 3.0 Explained: What It Is, New UPI Withdrawal Service, Launch Timeline, and More

The Employees Provident Fund Organisation (EPFO) is set to launch EPFO 3.0, a major digital initiative aimed at enhancing the convenience and efficiency of provident fund services for salaried employees in India. This initiative aligns with the government's commitment to improving digital public infrastructure and aims to streamline processes, allowing for quicker service delivery with reduced paperwork. A key feature of EPFO 3.0 is the introduction of a new UPI (Unified Payments Interface) withdrawal service, which promises to simplify the withdrawal process for users. As the government continues to focus on digitization, EPFO 3.0 is expected to significantly improve user experience and accessibility for millions of employees across the country. The launch timeline and additional details regarding the features and functionalities of this service are anticipated to be announced soon, signaling a transformative phase for EPFO and its stakeholders.