Employees Provident Fund Organization (EPFO) is going to bring a major change for its crores of members. Now PF will not have to go through a long and complex process to extract. EPFO has made complete preparations to launch its new digital platform EPFO 3.0, and through this, customers will be able to withdraw their PF funds through easy means like ATM and UPI. According to the report of DD News, from June 2025, EPF members will be able to withdraw PF money in real time through UPI and ATM card. Earlier, the process which used to take several days will now be completed in a few minutes.
What is EPFO 3.0 platform?
The EPFO 3.0 is a state -of -the -art IT based digital service platform that EPFO has prepared to provide better and fast facilities to its members. The process of PF withdrawal, transfer and balance check will become extremely easy under this new system.
This platform will provide the following features:
PF withdrawn to ATM
Immediate fund transfer through UPI
Automatic Claim Settlement (3 days)
Digital correction verification system
Immediate information about PF balance
How to remove PF from ATM card?
The EPFO will soon issue a PF withdrawal card to its account holders that will work like a bank ATM card. This card will be linked to the account holder’s Universal Account Number (UAN).
The process of extracting PF will be like this:
The account holder must first fill the online claim form.
The claim will be approved within 3 days under the automatic system.
After getting approval, a person can withdraw money by going to ATM with his PF card.
The withdrawal limit will depend on what causes the money being withdrawn. Usually an amount ranging from 50% to 90% can be withdrawn.
PF extract facility from UPI
Through EPFO 3.0, PF account holders will also be able to withdraw UPI apps like PhonePe, Google Pay, Paytm etc. At the same time, they will be able to see their PF balance, and will also be able to transfer money to the bank account of their choice.
What documents will be required for PF withdrawal?
For the evacuation of PF you must have the following documents and details:
UAN (Universal Account Number) – It should be active.
Mobile number link to UAN – required for OTP verification.
KYC documents – eg Aadhaar, PAN, Bank Account Number, and IFSC Code.
Address Proof and ID Proof.
Cancel check – on which has a bank account number and IFSC code.
ATM/UPI Integration – New card and app linking required.
Did not transfer the old PF account to a new company?
The biggest feature of EPFO 3.0 will be that even if a member has not transferred his old PF account to a new company, he can still get information about the balance through this new system and withdraw.
EPFO’s digital revolution
EPFO 3.0 is a major step towards digitization in India. This will give employees quick and transparent rights over their PF money. This will not only save time, but will also reduce the possibility of fraud. As India is moving towards the digital age, platforms like EPFO 3.0 are making sure that employees can get their right to earn hard earned money, without any hassle, at the right time. This step of EPFO is expected to directly benefit millions of employees.
