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Continuous development is being seen in technology all over the world. In this series, technology is also going to be added to EPFO. People were eagerly waiting for EPFO ​​3.0. Now preparations are on to launch it by June 2025. In such a situation, some important changes have been made in it. These new changes will further improve the experience of EPF members. This is why it has been designed in this manner. New software has been designed for this. The government is going to launch a new mobile app of EPFO ​​by May-June 2025. Through this app, the work of EPFO ​​members will be done easily. Besides, it will be easy to withdraw money and do transactions.

Software will be user-friendly

This new software is going to completely change the way employees handle their retirement savings. In EPFO ​​3.0, the interface of the website will be made easier and user-friendly than ever before. This will provide the facility to manage EPF account more easily. Labor Minister Mansukh Mandaviya said that in this new system, account holders will be able to easily navigate and manage their accounts. As it happens in the Indian banking system.

Will be able to withdraw money from ATM

This will help EPFO ​​members to easily access their retirement funds. In EPFO ​​3.0, employees will now get the option to withdraw their EPF money directly from ATM. With this facility, EPF members will be able to get money immediately at the time of their need. Initial improvements to the website and systems are expected to be made by the end of January 2025.

Adjust accounts as per your convenience

Apart from withdrawing money from ATM, changes can also be made in Employees' Pension Scheme (EPS) in EPFO. At present the employee has to pay 12%. But under the new changes, employees will get the option to increase or decrease the amount as per their choice. These new changes will provide more convenience to the employees.