EPFO 3.0 Update: EPFO Likely to Launch New UPI-Based PF Withdrawal App Soon

EPFO 3.0 Update: The Employees' Provident Fund Organisation (EPFO) plans to launch a UPI-based PF withdrawal application as part of its upcoming EPFO 3.0 reform. The system upgrade will enhance digital services while enabling faster claim processing and simplifying provident fund access for more than six crore subscribers.

PF Withdrawals via UPI: What to Expect

The new system will enable members to transfer their PF money to bank accounts using Unified Payments Interface (UPI) if it gets implemented. The solution will decrease waiting times because it eliminates the need for paperwork and manual verification processes. Subscribers need to submit their claims through the EPFO portal and then wait for processing, which takes multiple days to complete.

UPI integration will provide users with a faster and more transparent way to make their withdrawals.

Step-by-Step Guide: How It May Work

The UPI-based PF withdrawal process will operate through the following steps:

• Step 1: Download the official EPFO 3.0 mobile app.
• Step 2: Log in using your UAN and OTP verification.
• Step 3: Complete and verify KYC details (Aadhaar, PAN, bank account).
• Step 4: Tap on the “PF Withdrawal” option.
• Step 5: Enter the withdrawal amount and select your linked UPI ID.
• Step 6: Authenticate the transaction using your UPI PIN.
• Step 7: Funds are credited after approval.

Key Benefits for Subscribers

• Faster withdrawals
• Reduced employer dependency
• Paperless claims
• Real-time tracking

The EPFO 3.0 initiative will transform how employees access their retirement savings, although they have not announced an official launch date yet.