New Delhi, India – June 3, 2025 – In a groundbreaking move for over 90 million Employees’ Provident Fund (EPF) account holders, the Employees’ Provident Fund Organisation (EPFO) is set to launch EPFO 3.0, a transformative digital platform that allows instant Provident Fund (PF) withdrawals via UPI and ATMs. Announced by Union Labour and Employment Minister Mansukh Mandaviya, this initiative aims to simplify and accelerate access to PF savings, eliminating lengthy paperwork and delays. Starting June 2025, employees can withdraw up to ₹1 lakh instantly, making financial security more accessible than ever. Here’s everything you need to know about this game-changing update.
What is EPFO 3.0?
EPFO 3.0 is a major digital upgrade to the existing EPF system, designed to enhance user experience and provide real-time access to funds. Unlike the current process, which requires online claim submissions and can take 10-15 days for approval, EPFO 3.0 integrates PF accounts with UPI platforms and ATM networks, enabling seamless withdrawals. This initiative, backed by the Ministry of Labour and Employment and the National Payments Corporation of India (NPCI), is expected to benefit over 6 crore active EPF subscribers across India.
Key Features of EPFO 3.0
- Instant UPI and ATM Withdrawals: Withdraw up to ₹1 lakh directly via UPI apps (e.g., Google Pay, PhonePe, BHIM) or ATMs using an EPF withdrawal card linked to your Universal Account Number (UAN).
- Real-Time Balance Checks: View your PF balance instantly on UPI apps or ATMs.
- Simplified KYC Updates: Correct account details like name, date of birth, or gender online using Aadhaar-linked OTP verification, eliminating the need for physical documents.
- Auto-Claim Settlements: Streamlined processes for faster claim approvals without manual intervention.
- New Mobile App: A forthcoming EPFO mobile app will consolidate all PF-related services, including claims, balance checks, and transfers, in one user-friendly platform.
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How to Withdraw PF via UPI and ATM: Step-by-Step Guide
While the exact operational details are still being finalized, here’s a general guide based on current reports to help EPF subscribers prepare for instant withdrawals:
For UPI Withdrawals
- Link Your UPI ID:
- Log in to the EPFO Member e-Sewa portal using your UAN and password.
- Update your UPI ID (e.g., yourname@upi) under the account settings, ensuring it’s linked to your Aadhaar-verified bank account.
- Initiate Withdrawal:
- Navigate to the PF withdrawal section on the EPFO portal or the upcoming mobile app.
- Select the withdrawal amount (up to ₹1 lakh) and purpose (e.g., medical emergency, housing, education, or marriage).
- Authenticate Transaction:
- Verify the transaction using an OTP sent to your Aadhaar-linked mobile number.
- Receive Funds:
- Funds will be credited instantly to your bank account via your UPI ID, secured with bank-grade encryption.
For ATM Withdrawals
- Obtain an EPF Withdrawal Card:
- EPFO will issue a dedicated EPF withdrawal card linked to your UAN, similar to a debit card, for ATM transactions.
- Visit a Participating ATM:
- Use the EPF withdrawal card at any partnered bank ATM.
- Authenticate and Withdraw:
- Enter your secure PIN or use Aadhaar-based authentication to access your PF account.
- Select the withdrawal amount (up to ₹1 lakh) and confirm the transaction.
- Instant Fund Access:
- Funds will be dispensed or transferred to your linked bank account in minutes.
Prerequisites
- Updated KYC: Ensure your Aadhaar, PAN, and bank details are updated in your EPFO account, as KYC compliance is mandatory for claims.
- Active UAN: Your Universal Account Number must be activated and linked to your Aadhaar.
- Eligible Withdrawal Purpose: Withdrawals are permitted for specific reasons, such as medical emergencies, housing, education, or marriage, with expanded purposes under EPFO 3.0.
Why This Matters
The introduction of UPI and ATM withdrawals is a game-changer for EPF subscribers, who previously faced delays of up to 15 days for claim approvals. This reform, expected to launch on June 1, 2025, will provide emergency liquidity and simplify access to retirement savings, aligning with India’s push for digital financial inclusion. With a corpus of over ₹27 lakh crore and an interest rate of 8.25% for 2024-25, EPFO’s modernization efforts ensure that employees can access their hard-earned savings quickly and securely.
Additional Updates in EPFO 3.0
- Online Account Corrections: Update details like name, date of birth, or address via OTP-based verification, reducing paperwork.
- Pension Access: Starting January 1, 2025, pensioners can withdraw pensions from any bank branch across India.
- Grievance Redressal: Enhanced digital systems for faster resolution of complaints.
- Pilot Rollout: The system may launch as a pilot project in select regions before a nationwide rollout.
How to Prepare
- Update KYC Details: Log in to the EPFO portal and verify your Aadhaar, PAN, and bank details.
- Activate UPI ID: Ensure your UPI ID is linked to your bank account and ready for integration.
- Stay Informed: Follow EPFO’s official channels or download the upcoming mobile app for updates on the launch.
- Check Eligibility: Confirm your withdrawal purpose aligns with EPFO’s criteria to avoid claim rejections.
Connect with EPFO
Stay updated on EPFO 3.0 and other initiatives:
- Website: EPFO Official Portal
- Social Media: Twitter | Facebook
- Helpline: Contact EPFO at 1800-118-005 for assistance.
This revolutionary update is set to transform how millions of salaried employees access their PF savings. Don’t miss out—prepare now to take advantage of EPFO 3.0’s instant withdrawal features starting June 2025!
Copyright and Disclaimer
© 2025 IT Referral Jobs. All rights reserved.
The information in this blog post on IT Referral Jobs is provided for informational purposes only and is subject to change. The Employees’ Provident Fund Organisation (EPFO) is responsible for the accuracy of job-related details. For the most up-to-date information, please visit the official EPFO website. This blog post on IT Referral Jobs is not an official announcement and is intended to inform readers about EPFO’s initiatives. For inquiries, contact EPFO directly through their official channels.
