The Indian government is planning a major revamp of the Employees’ Provident Fund Organisation (EPFO), with new digital features aimed at making the system faster, simpler, and more user-friendly. Sanjeev Sanyal, member of Prime Minister Narendra Modi’s Economic Advisory Council (EAC), hinted at the reforms in a recent social media post, calling it a “big effort to de-clog EPFO.” He added that while the revamp is not an easy task, the government looks forward to feedback from members once the new system is launched and stabilised.
The upgraded digital platform, EPFO 3.0, is expected to launch in 2025. The Ministry of Labour and Employment aims to improve services by making provident fund operations more transparent and accessible. While the platform was originally planned for a June 2025 rollout, the launch has been delayed due to technical testing.
EPFO 3.0 will introduce several key features to enhance convenience for its members. ATM withdrawals will allow members to access their provident fund using their Universal Account Number (UAN) linked to Aadhaar and their bank account. Members will also be able to withdraw funds via UPI. The new platform will make it easier to correct or update account details online through OTP verification, eliminating the need to visit EPFO offices in person.
In addition, EPFO 3.0 will streamline death claim settlements, allowing nominees to file claims more quickly without the requirement of a guardian certificate for minors. The platform will also be mobile-friendly, enabling members to check deposits, claims, and account details on the go.
Sanyal, who has been an EAC member since 2022 and is the Chancellor of Gokhale Institute of Politics and Economics, Pune, emphasized that the government is keen on making EPFO more efficient and responsive to the needs of millions of members across India.
