In June 2025, the Employees Provident Fund Organisation (EPFO) will take a step afresh, which will simplify the access of millions of employees to financial facilities. Now, PF account holders will receive quicker and more modern services than before with the EPFO 3.0 launch. Such an update will not only save time, but it will also make financial transactions by employees less complicated. So what are the major features and services of this update? Let us have a look.
ATM PF Withdrawal Facility
The facility of instant withdrawal of PF amount through ATM is the most discussed feature of EPFO 3.0. The employees will not have to face a lengthy procedure to withdraw the money stored in their PF account. This will be provided by UPI and ATM, so the money will appear in the account immediately. It is a blessing to individuals who would need fast finances to help them during an emergency.
Digital Reforms Stage
EPFO 3.0 will make digital processes even stronger. The documentation process will now be easier due to features such as auto-claim settlement and digital correction. Workers will not need to go to the office back and forth. This reform will save time, resources and EPFO services will become user-friendly.
UAN Activation Last Date Extended
EPFO has given an extension to activate UAN and link it with Aadhaar till 30 June 2025. This is a particularly good move to the employees of the unorganized sector. Through this extension, employees will be able to access social security benefits with ease. This guarantees that every worker is not denied the benefits on technical grounds.
Inauguration Of Tatpar Portal 2.0
The amount of PF will now be received immediately by the families of deceased employees. EPFO has developed Tatpar Portal 2.0 that assists in quicker claim settlement. With this portal, families will get fast financial help during tough situations, and they will not have to stress much about finances.
Prayas Scheme And Pension Process
Prayas Scheme by EPFO makes pension process easy to the retired employees. On the very day of retirement, pensioners are given PPO (Pension Payment Order). Thanks to this scheme, the pension procedure is quicker and transparent and enables workers to receive instant gains upon retiring.
EPFO 3.0 Cost And Subscription
All the registered employees will be able to use the new features of EPFO 3.0 free of cost. No extra fees or subscription will be introduced. Nevertheless, the bank could impose normal transaction fees on ATM withdrawals. The employees are encouraged to obtain information about charges form their bank.
Prospects
EPFO 3.0 will be a new dawn to employees. Such an update does not only enhance the existing operations but also opens the door to additional future innovations. It is also recommended that the employees visit the official site of EPFO www.epfindia.gov.in regularly to get updated.
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