EPFO 3.0 Launch in June 2025: Instant PF Withdrawal via ATM & UPI

The Employees' Provident Fund Organisation (EPFO) is preparing to roll out EPFO 3.0, an upgraded digital platform expected to debut in June 2025. This latest version aims to simplify provident fund (PF) access, enabling subscribers to withdraw funds instantly through ATMs and UPI.

Under the new system, EPF members will have the flexibility to transfer their balances directly to their preferred bank accounts and monitor their PF status via the UPI interface. Enhanced security measures such as OTP verification will allow users to update their account details safely and efficiently.

Currently, EPFO members must file online claims and wait for administrative approvals before receiving PF withdrawals. The upcoming upgrade will cut down these delays, offering immediate access to a portion of their savings through an EPFO card functioning like an ATM debit card. This card will permit withdrawals of up to 50 per cent of the account balance, ensuring funds are available in times of need without compromising long-term retirement savings.

The Labour Ministry’s initiative focuses on increasing convenience for employees while preserving the integrity of the retirement corpus. Withdrawals will be capped to prevent depletion of savings critical for post-retirement financial security.

While the launch introduces these digital conveniences, there are no announced changes regarding employers’ contribution rates to the EPF. Additionally, the government is working on reforms for the Employees’ Pension Scheme 1995 (EPS-95). Proposed adjustments could allow employees to contribute directly to the pension scheme, potentially boosting future pension amounts.