No more long queues! 5 reasons why EPFO 3.0 will transform your retirement plans
Trending News
2 weeks, 5 days ago

No more long queues! 5 reasons why EPFO 3.0 will transform your retirement plans

Live Mint  

Long queues, time-consuming documentation, rejections in requests, and constant delays, these are typically the images that come to mind when one considers taking advantage of your Employees' Provident Fund corpus in India. Union Labour Minister Mansukh Mandaviya made the announcement of the imminent arrival of EPFO 3.0, a revolutionary overhaul that will introduce banking-like convenience to EPFO subscribers in millions. The big buzz around EPFO 3.0 is the assurance to withdraw money from ATMs, a facility which would bring a much needed change. Union labour minister Mansukh Mandaviya made the announcement on March 6 that EPFO will soon launch the EPFO 3.0 version.

Process Epfo Long Queues Reduced Dependence  savings  plans  30  process  retirement  long  queues  withdrawals  transform  atms  money  taking  epfo  account  reasons

History of this topic

What is EPFO 3.0? 5 key things you can expect
Top News
2 weeks, 6 days ago

What is EPFO 3.0? 5 key things you can expect

India Today  

Union Labour Minister Mansukh Mandaviya has announced that the Employees' Provident Fund Organisation is set to roll out its latest version, EPFO 3.0, an upgraded system designed to make fund management more convenient for subscribers. While inaugurating EPFO's Telangana zonal office and regional office in Hyderabad, Mandaviya mentioned that the upgraded system will bring EPFO’s services closer to a banking …

EPFO 3.0 will rollout soon, subscribers can withdraw funds from ATM: Union Minister
3 weeks ago

EPFO 3.0 will rollout soon, subscribers can withdraw funds from ATM: Union Minister

India TV News  

EPFO 3.0 will rollout soon, subscribers can withdraw funds from ATM: Union Minister The services of EPFO 3.0 will allow an employee to carry out all transactions that are done in a bank. The Employees Provident Fund Organisation will soon launch the EPFO 3.0 version, which will allow subscribers to withdraw funds from ATMs, along with several other new features, …

EPFO 3.0: New system brings exciting features from mobile app to ATM card for PF withdrawals
2 months ago

EPFO 3.0: New system brings exciting features from mobile app to ATM card for PF withdrawals

India TV News  

The Employees' Provident Fund Organisation is launching a revised system called EPFO ​​3.0 to improve the welfare of employees. This new system promises improved services, making it easier for members to manage their PF accounts and withdraw funds. New mobile app for easy access A new mobile app will be launched as part of EPFO 3.0. PF ATM card makes …

EPFO 3.0 launch date announced: Check ATM withdrawal feature, other details
2 months, 3 weeks ago

EPFO 3.0 launch date announced: Check ATM withdrawal feature, other details

India Today  

In a significant move for millions of Employees' Provident Fund members, the government is preparing to launch the highly anticipated EPFO 3.0 by June 2025. ENHANCED FEATURES AND ACCESSIBILITY Union Labour Minister Mansukh Mandaviya revealed that EPFO 3.0 will bring a host of features aimed at streamlining the EPF processes. A NEW ERA FOR EPF MEMBERS With these exciting changes …

EPFO members may soon withdraw PF from ATMs | Know who can draw money and how it works
2 months, 3 weeks ago

EPFO members may soon withdraw PF from ATMs | Know who can draw money and how it works

India TV News  

PF withdrawal from ATM: Good news for over 7 crore subscribers of the Employees' Provident Fund Organization! Soon, EPFO members will be able to withdraw their Provident Fund money directly from ATMs. EPFO ATM Card launch date According to Union Labor Minister Mansukh Mandaviya, EPFO ​​will introduce its state-of-the-art software system EPFO ​​3.0 by June this year. According to several …

EPFO withdrawal from ATM to become a reality soon. Here’s how it will work
2 months, 3 weeks ago

EPFO withdrawal from ATM to become a reality soon. Here’s how it will work

Live Mint  

Good news for over seven crore of the Employees’ Provident Fund Organisation subscribers. Members of the retirement fund body EPFO may soon be able to withdraw their provident fund money directly from ATMs after the settlement. EPFO ATM Card launch date EPFO will introduce its cutting-edge software system by June of this year, EPFO 3.0, according to Union Labour Minister …

EPFO rolls out centralised pension system in all regional offices; 68 lakh pensioners to benefit
2 months, 3 weeks ago

EPFO rolls out centralised pension system in all regional offices; 68 lakh pensioners to benefit

Live Mint  

New Delhi, Jan 3 Retirement fund body EPFO has completed the Centralized Pension Payments System rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the labour ministry said on Friday. The first pilot of CPPS was completed in October last year in Karnal, Jammu, and Srinagar regional offices with the pension disbursement of …

EPFO 3.0 rollout by June, says Mansukh Mandaviya
2 months, 3 weeks ago

EPFO 3.0 rollout by June, says Mansukh Mandaviya

The Hindu  

Union Labour Minister Mansukh Mandaviya said in Delhi on Thursday that the Employees Provident Fund Organisation will launch its new software system EPFO 3.0 by June this year. Countering the Opposition’s charge of growing unemployment in the country, Mr. Mandaviya claimed that the employment has increased under NDA government when compared to UPA government. According to the Minister, employment in …

3 key EPFO rule changes in New Year 2025: What Provident Fund (PF) account holders need to know
2 months, 3 weeks ago

3 key EPFO rule changes in New Year 2025: What Provident Fund (PF) account holders need to know

Live Mint  

3 key EPFO rule changes coming in 2025: The Employees' Provident Fund Organization has made significant announcements regarding its rules and regulations affecting millions of subscribers. 1)EPFO and ESIC subscribers may soon use claim amounts via e-wallets Subscribers of EPFO and ESIC may soon be able to access their claim settlement amounts directly via e-wallets. 2) EPFO Extends Deadline for …

EPFO 3.0 launching March 2025 to allow withdrawals via ATM-like cards
Trending News
3 months, 1 week ago

EPFO 3.0 launching March 2025 to allow withdrawals via ATM-like cards

India Today  

The Employees’ Provident Fund Organisation is set to unveil its upgraded system, EPFO 3.0, by March 2025, with the goal of simplifying fund access and enhancing grievance redressal mechanisms for its members. According to Labour and Employment Minister Mansukh Mandaviya, the revamped digital platform will allow members to withdraw funds, check account balances, and resolve discrepancies with greater ease. One …

EPFO members may soon approve their own PF withdrawals: Report
3 months, 1 week ago

EPFO members may soon approve their own PF withdrawals: Report

India Today  

The Employees’ Provident Fund Organisation is planning to introduce a “self-approval” mechanism for subscribers to withdraw their provident fund money through an automated process. As part of this upgrade, subscribers will soon be able to intimate the EPFO directly about their withdrawal amount, instead of going through the existing manual checks by EPF officers. Sources also revealed that a digital …

The EPFO’s ATM plan is good but it must resolve its pension muddle first
3 months, 1 week ago

The EPFO’s ATM plan is good but it must resolve its pension muddle first

Live Mint  

The country’s principal manager of retirement savings for private-sector employees, the Employees’ Provident Fund Organisation, is working on a facility to let subscribers withdraw funds from their corpus through ATM cards, subject to a limit. While this would be welcome, the EPFO also finds itself being held responsible for a pension crisis that has put about 1.75 million retirees in …

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official
3 months, 1 week ago

EPFO to offer ATM withdrawals for savings, new features from Jan 2025: official

Hindustan Times  

New Delhi: The Employees’ Provident Fund Organisation subscribers will soon have easier access to their savings with new ATM withdrawal facilities. From January 2025, they will be able to withdraw funds up to a specified limit using an EPFO account-linked ATM card, along with other features to improve access, said an official on Saturday. EPFO subscribers will be able to …

PF withdrawals via ATMs likely from 2025. How will it work?
3 months, 2 weeks ago

PF withdrawals via ATMs likely from 2025. How will it work?

India Today  

Starting January 2025, Employees’ Provident Fund Organisation subscribers may be able to withdraw their provident fund savings directly from ATMs. Labour Secretary Sumita Dawra told news agency ANI that the Labour and Employment Ministry is upgrading its IT systems to streamline PF withdrawals and improve service delivery. The government also reaffirmed its commitment to improving social security, including extending benefits …

Withdraw your PF directly from ATMs starting next year: Labour secretary
Trending News
3 months, 2 weeks ago

Withdraw your PF directly from ATMs starting next year: Labour secretary

Live Mint  

By Shailesh Yadav New Delhi, December 11 : The Labour Ministry is upgrading its IT systems to provide enhanced services to the country's massive workforce. Starting next year, EPFO subscribers will be able to withdraw their provident funds directly from ATMs, according to Labour Secretary Sumita Dawra. A claimant, beneficiary, or insured person will be able to access their claims …

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
3 months, 3 weeks ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report
3 months, 3 weeks ago

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report

Hindustan Times  

The Employee Provident Fund Organisation is planning to upgrade to a new version called EPFO 3.0. This will include features like withdrawing provident fund money from ATMs, contributing more than the current 12% limit, and converting PF savings into a pension, ET Now reported. However, discussions regarding all of the new features and policy changes for EPFO 3.0 are currently …

Labour Ministry to launch centralised EPFO pension payments nationwide by 2025
Trending News
4 months, 2 weeks ago

Labour Ministry to launch centralised EPFO pension payments nationwide by 2025

India Today  

Starting in 2025, the Labour Ministry will transition to a centralised pension payment system, allowing retirees to receive their monthly pensions from any bank branch, anywhere in the country. Labour Minister Mansukh Mandaviya says the new platform, designed for subscribers of the Employees’ Provident Fund Organisation —the state-run retirement fund—aims to streamline the process by reducing paperwork and enabling faster …

New pension platform to ease payouts: Minister
4 months, 2 weeks ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

Centre to make EPFO pensions fully portable to ease payouts
6 months, 2 weeks ago

Centre to make EPFO pensions fully portable to ease payouts

Hindustan Times  

The Union government will roll out a centralised pension payment system for all subscribers of the state-run retirement fund manager, the Employees’ Provident Fund Organisation, which will enable bank and location portability, and eliminate the need to physically move payment orders, Union labour minister Mansukh Mandaviya has said. Under the reforms taking effect next year, the regional offices would not …

Centre launches EPFO overhaul amid growing complaints
7 months ago

Centre launches EPFO overhaul amid growing complaints

Hindustan Times  

New Delhi: The Union government has signed off on a plan to overhaul the Employees’ Provident Fund Organisation’s I-T infrastructure, among a slew of reforms, amid long-standing grievances of subscribers about its grueling processes. A modernisation drive, starting with migration to a new I-T system, has been launched after several rounds of reviews by senior officials led by Union labour …

How to get a higher pension in current EPFO ruling explained
1 year, 10 months ago

How to get a higher pension in current EPFO ruling explained

Live Mint  

The Employees' Provident Fund Organisation has come up with a procedure for a contribution towards higher EPS pension. According to the labour ministry, the additional contribution of 1.16 per cent of basic wages for subscribers opting for higher pensions will be managed from employers' contributions. Employees Pension Scheme calculation At present, the government pays 1.16 per cent of basic wages …

EPFO extends deadline to apply for higher pension till June 26
1 year, 10 months ago

EPFO extends deadline to apply for higher pension till June 26

Live Mint  

Retirement fund body EPFO on Tuesday extended the deadline to apply for higher pension till June 26. EPFO has made arrangements for obtaining applications for the validation of option / joint option from pensioners / members as per the Hon’ble Supreme Court order dated 4 November 2022. Earlier, the Supreme Court in its order on November 4, 2022 had mandated …

EPF Board meet pushed to March 27-28
2 years ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

EPFO sets May 3 as deadline for subscribers to opt for higher pension
2 years ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

India TV News  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The deadline accordingly should have been around March 3, 2023, but EPFO only last week came out with the procedure for opting for higher pension under the Employees' Pension Scheme. Last week, EPFO came out with a procedure to …

Higher pension | Eligible EPFO members can apply till May 3
2 years, 1 month ago

Higher pension | Eligible EPFO members can apply till May 3

The Hindu  

All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members' portal of retirement fund body EPFO. EPFO issues guidelines for employees, pensioners to opt for higher pension In an office order, EPFO had provided for dealing with the ''Joint Option Form'' by field offices of the body. EPFO has …

The pension conundrum: On the EPFO resource base
2 years, 1 month ago

The pension conundrum: On the EPFO resource base

The Hindu  

Union Minister for Labour and Employment Bhupender Yadav seems to have little to say on the issue of the Employees’ Provident Fund Organisation allowing sections of subscribers and pensioners to opt for higher pension under the Employees’ Pension Scheme, 1995. The issue of allowing higher pension — pension proposed in the event of employers making 12% mandatory PF contributions on …

Let workers migrate out of the poorly performing EPFO to the NPS
3 years ago

Let workers migrate out of the poorly performing EPFO to the NPS

Live Mint  

The Employees' Provident Fund Organisation must manage workers’ savings more efficiently to help them build a respectable retirement nest. The 8.1% rate of return that the Central Board of Trustees of the EPFO has recommended for 2021-22—although better than the interest rate on bank deposits and small savings schemes —is not just lower than the 8.5% return in the previous …

Parliamentary panel to scrutinize EPFO corpus, benefit to workers
4 years, 5 months ago

Parliamentary panel to scrutinize EPFO corpus, benefit to workers

Live Mint  

The parliamentary committee on Labour is set to scrutinize the Rs10 trillion corpus under the Employees' Provident Fund Organization in its upcoming meeting and it will also look at the performance of the fund management and investments made. The standing committee on Labour, scheduled to meet on 21 October, is also planning to look at ways to make EPFO more …

EPFO’s Aadhaar-linked withdrawal, pension services by Mar 2017
8 years, 5 months ago

EPFO’s Aadhaar-linked withdrawal, pension services by Mar 2017

Live Mint  

New Delhi: Retirement fund body EPFO will launch a host of Aadhaar-linked online services such as PF withdrawal and pension fixation for its 4 crore subscribers by the end of this fiscal. “The Employees’ Provident Fund Organisation will soon launch a host of Aadhaar-linked services like PF withdrawals and pension fixation for its subscribers to facilitate such faster transactions for …

EPFO to introduce system to check premature withdrawals from May 1
8 years, 11 months ago

EPFO to introduce system to check premature withdrawals from May 1

India TV News  

New Delhi: Retirement fund body EPFO is planning to introduce ‘One Employee One EPF Account’ system on May 1 to discourage premature PF withdrawals and encourage state governments to join its pension system. The decision was taken on April 21 in EPFO’s internal meeting, a day after the government rolled back its decision to tighten PF withdrawal norms restricting subscribers …

Discover Related