Editor's Desk 
EPFO 3.0 Big Update: PF funds can now be withdrawn instantly through UPI and ATMs! Learn about these 5 major changes, including auto-settlement.
EPFO 3.0 Changes UPI ATM PF Withdrawal: This is great news for millions of employed people. Under EPFO 3.0, PF funds can now be withdrawn directly through UPI and ATMs without any lengthy paperwork. Furthermore, the auto-settlement limit has been increased from ₹1 lakh to ₹5 lakh to meet emergency financial needs!
EPFO 3.0 Digital Reforms: There’s big news for the millions of salaried members of the Employees’ Provident Fund Organization. The government is launching EPFO 3.0, upgrading its digital infrastructure. With the implementation of this new system, the lengthy PF claim settlement process will end, and members will be able to withdraw funds directly from their UPI account or from a UPI-enabled ATM without any paperwork.
Recently, the central government approved an 8.25% interest rate on EPF and VPF for FY26. Now, EPFO 3.0 provides members with quick and easy access to their funds. Let’s explore how this new system will make life easier for PF subscribers.
What is EPFO 3.0 and why did this change happen?
The main objective of EPFO 3.0 is to reduce the time taken for PF claims and make services completely digital. According to the Ministry of Labor and Employment, EPFO successfully transferred its entire member database to the Centralized IT-Enabled System (CITES) platform in July. This has eliminated the old system and created a national database for the entire country. This will now allow subscribers to instantly transfer money to their linked bank accounts via UPI.
EPFO 3.0 will provide these 5 major benefits to subscribers
1. PF withdrawal up to 75% through UPI and ATM
Depending on the terms and conditions, subscribers will be able to withdraw 50% to 75% of their EPF balance through UPI or a UPI-enabled ATM. Members will be able to view their eligible balance transferable to their bank account and securely transfer funds using their UPI PIN. This money can then be spent digitally or withdrawn as cash from an ATM.
2. Auto-settlement limit increased to ₹5 lakh
EPFO has increased the auto-settlement limit from ₹1 lakh to ₹5 lakh. This will allow subscribers’ claims for needs such as illness, children’s education, marriage, or home purchase/construction to be auto-processed and credited to their accounts within just three days.
3. Face Authentication in UMANG App
Members can now generate or activate their UAN using Face Authentication Technology (FAT) in the Umang app. They can also access passbooks instantly, correct incorrect information, and submit claims online, all from the comfort of their homes.
4. Freedom from claim rejection
In the old system, members were unaware of the amount they were eligible to withdraw, leading to claim rejections. Now, with EPFO 3.0, subscribers will see the eligible amount upfront on the screen, depending on their circumstances.
5. Digital response to online complaints
If the PF office requires additional information during claim processing, members can now submit their responses digitally online. Previously, there was no facility to provide online clarifications.
Read More: Tax-Saving Mutual Fund: The only mutual fund plan that saves tax and also has the lowest lock-in option.
The post EPFO 3.0 Big Update: PF funds can now be withdrawn instantly through UPI and ATMs! Learn about these 5 major changes, including auto-settlement. first appeared on informalnewz.
News reported through various sources and compiled with AI. This is automatically generated news content from known, popular, and reliable sources available at the time of publication.
We do not take any responsibility for, nor make any representations regarding, the accuracy, completeness, credibility, or
reliability of the content.
In case of any discrepancy, error, or copyright claim, we will promptly review and remove the content in question where appropriate.
We do not claim ownership of third-party content and assume no responsibility or liability whatsoever for any information contained herein. The credit, links and images are kept intact as an honest gesture, are property of its respective owners.
