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EPFO 3.0 Update: The government has given a new information about EPFO ​​3.0 in the Parliament. Taking another step forward towards digitalization, a change has been made, the aim of which is to make provident fund and pension services faster, easier and paperless.

Responding to a question in the Lok Sabha, Minister of State for Labor and Employment Shobha Karandlaje said that EPFO ​​3.0 has been designed to simplify operations and reduce paper processes, allowing members to manage their accounts through a single platform. Its objective is to reduce the need for documents, speed up settlement of claims and reduce dependence on owners. Let us understand this in 5 easy points.

Auto-settlement up to Rs 5 lakh- Now claims up to Rs 5 lakh will be settled automatically without any approval. The software will automatically check your data and the money will come directly into your bank account. Earlier this limit was only Rs 1 lakh.

Less time to get money- Earlier it used to take 7-15 days for PF money to arrive. Sometimes it would take a month. But now with the new system, the money will come to your account within 3-4 days of filing the claim.

Paperwork finished- Earlier, there was a need to upload a photo of the check or bank passbook along with the claim form. With EPFO ​​3.0, if your KYC (Aadhaar, PAN and Bank) is updated then the system will automatically verify it.

Less rejection- Earlier, PF claims used to be rejected due to minor mistakes, but the ‘error correction’ system in EPFO ​​3.0 is better. While filling the form you will be informed whether there is any mistake or not.

Completely digital- With EPFO ​​3.0 being completely digital, you will be able to track the status of your claim in real-time. With less human interference, there will be less corruption as well as less scope for delay.

Centralized Pension System

One of the most important changes made under EPFO ​​3.0 is the introduction of Centralized Pension Payment System (CPPS). The government said that this system has been completely implemented in all EPFO ​​offices from January 1, 2025. Now pension payments are processed from a single centralized location and can be given through any scheduled bank branch across India. More than 70 lakh pensioners benefit from this initiative every month. According to the information provided, CPPS ensures faster payment of pension, thereby reducing the delays and mistakes that pensioners often had to face earlier.

minimum pension update

The government has not yet announced any change regarding the long standing demand of increase in EPS pension. At present the minimum pension under EPS is Rs 1000 per month and the fund is supported by contributions from employers (8.33 per cent) and the government (1.16 per cent). The government said it is fully committed to strengthening social security, but also stressed the need to maintain a balance between sustainability of the fund and future liabilities.

Amnesty Scheme 2025: Enrollment boosted

The government also gave information about the progress made under the Employee Enrollment Scheme 2025. Under this scheme, 4815 institutions participated and more than 39000 Universal Account Numbers (UAN) were issued. Benefits under the PM-VBRY scheme—which will come into effect from March 2026—will be available after completion of six months of eligibility.

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There is news of great relief for crores of employees associated with EPFO. Now you will neither have to wait long nor go through lengthy paperwork to withdraw your PF money. Actually, the Employees Provident Fund Organization is preparing to launch a new dedicated mobile app in March-April 2026. Through which PF money can be transferred directly to the bank account through UPI. In such a situation, let us now tell you that EPFO ​​is launching a new app but what facilities will be available in it.

New EPFO ​​app will be different from Umang

According to officials, this new app will be different from the existing Umang app. It will be directly linked to the subscriber’s bank account and will work with other UPI apps including BHIM. Its purpose is to provide complete banking level facility for PF withdrawal. Under the new system, money will be directly transferred from the EPFO ​​account to the subscriber’s linked bank account. After this, members will be able to withdraw money immediately by entering the UPI PIN. At present this facility is not available and to withdraw PF one has to claim through UAN portal or Umang app which takes time.

The system is in trial mode

EPFO has started the trial of this new facility. Currently, testing is being done on about 100 dummy accounts, so that technical flaws can be removed in time. Officials say that after the completion of testing, the app can be rolled out by the end of March.

How much PF can be withdrawn?

According to the rules, members will be able to withdraw a maximum of 75 percent of their EPF balance. It will be mandatory to keep the remaining 25 percent amount in the account, so that the retirement fund remains safe. In case of loss of job, the same rules will apply. Apart from this, the remaining 25 percent PF can be withdrawn only after the stipulated time.

These special facilities will be available in the new app

• Instant PF withdrawal through UPI
• Different information about eligible balance and minimum balance
• Real Time Claim Status
• Auto settlement facility up to Rs 5 lakh
• Digital KYC and Self Correction Feature
• Services like passbook and balance check
• AI based multilingual support

Big step towards EPFO ​​3.0

This new app is part of EPFO ​​3.0 upgrade. Under which emphasis is being laid on digital claims, fast verification and easy services. The total corpus of EPFO ​​is around Rs 26 lakh crore and there are around 30 crore subscribers associated with it. Out of which there are approximately 7.5 crore active members. Apart from this, it is believed that after the new UPI facility, it will become very easy and fast to withdraw PF money in case of illness, marriage, education or any emergency.

Also read- Want to withdraw money from PF account but forgot UAN number, you can recover it in 2 minutes.