EPFO 3.0 New Rule : A big piece of good news has arrived for employees! The Employees’ Provident Fund Organisation (EPFO) has introduced a major update to its system by launching EPFO 3.0. Under this new version, employees will no longer have to wait long to withdraw their Provident Fund (PF) money. Now, PF withdrawals can be done instantly through an ATM card in just 2 minutes. This means no more long queues at banks or complicated procedures — everything will now be simple, fast, and digital. This decision will bring huge relief to millions of employees, especially those who need immediate cash in emergency situations.
What is EPFO 3.0?
EPFO 3.0 is an advanced digital platform launched for the benefit of employees. It incorporates modern technology and a faster server infrastructure to ensure instant services for EPF account holders. Under this system, EPFO services have been integrated with the banking network, making every PF-related process — such as claims, transfers, and withdrawals — much faster and more efficient than before.
PF Withdrawal Becomes Easier
Previously, PF withdrawals used to take 3 to 7 days, but with the launch of EPFO 3.0, this process has been completely transformed. Now, employees can directly withdraw money using their PF or ATM card, just like they would from any bank account. To enable 24×7 withdrawal facilities, EPFO has partnered with several major banks.
How Will PF Withdrawal Through ATM Work?
Under the new system, employees will receive an EPFO ATM card linked to their UAN number. This card can be used at any bank’s ATM to withdraw money from their PF account.
Here’s how it works:
- Insert the EPFO ATM card.
- Enter your UAN number and OTP.
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Select the amount you want to withdraw.
Within 2 minutes, the money will be in your hands.
The entire process is digital and secure, featuring OTP and biometric verification for enhanced safety.
Digital Security and Transparency
EPFO 3.0 has been designed with a strong focus on security. The system uses blockchain and AI-based security layers to prevent fraud and misuse. Every transaction will have a real-time record visible on both the mobile app and the EPFO portal, ensuring complete transparency.
EPFO App and Portal Also Upgraded
Along with the new system, the EPFO mobile app and online portal have also been upgraded. Employees can now check their PF balance, transfer funds, and submit claims within seconds directly from their mobile phones.
Disclaimer: This information is based on various government updates and media reports. For official confirmation and further details, please visit the official EPFO website.
