EPFO is ready to launch EPFO 3.0 : Employees’ Provident Fund Organization (EPFO) is taking important steps to simplify and speed up services for its subscribers. To further expand digital services, it will soon launch EPFO 3.0. The government has recently shortlisted IT giants like Infosys, Wipro and TCS to design and manage this new version.
Initially it was believed that EPFO 3.0 services would be available by June this year. However, information suggests that it has been delayed due to technical and other reasons. Once launched, these services will benefit approximately 8 crore customers. Key benefits include:
1. PF withdrawal from ATM
Like withdrawing money from a bank account, customers will be able to withdraw their PF directly from the ATM. For this they have to activate their Universal Account Number (UAN) and link it to their bank account with Aadhaar. This facility is being launched to help meet financial needs during emergencies.
2. Withdrawal through UPI
It is reported that the new version of EPFO will also provide the facility of PF withdrawal through UPI (Unified Payments Interface). This will allow customers to get their money easily and quickly without any lengthy process.
3. Online Claims and Corrections
Employees will no longer need to fill applications or visit offices for PF claims and corrections. They can correct their details using an OTP and track the status of their claims online.
4. Enhanced Digital Experience
Under EPFO 3.0, customers will be provided with a better and user-friendly digital experience. Through the new features, they will be able to easily track their PF account status, contributions and other details. These digital changes will make EPFO services more accessible.
5. Simplified claim process for deceased subscribers
EPFO has recently announced that it has simplified and speeded up the settlement of claims in case of death of a subscriber. It clarified that minors do not need a guardianship certificate to receive pension and other payments. This decision was taken because some offices were still asking for this certificate. This will ensure quick assistance to the families concerned.
EPFO 3.0 will be launched soon to make customer services easier and quicker for EPFO; Shortlist of leading IT firms
Staff Provident Fund Organization (EPFO) is taking important steps to make its customer services more simple and quick. E-FIO 3.0 will be launched soon to expand digital services. The government has recently partnered with Infosys, Wipro and TCS for the new design and management of this version. Like IT giants have been shortlisted.
Actually, EPFO 3.0 was expected to be launched by June this year. However, it has been delayed by technology and other features. This beach, once started, is going to earn around Rs 8 crore and provide many benefits. If you look at them…
1. Friendly Friends from Atom
Like withdrawing money from bank, customers can withdraw their PF directly from ATM. For this you have to activate your Universal Account Number (UAN) and link it to Aadhaar. It seems that this facility is being introduced to cater to financial investors in emergency shares.
2. Seller through UPI
According to the economist, the new version of EPFO will also provide the facility of PF flow through UPI (Union Payments Operating System). This will give way to get money easily and fast without any lengthy process.
3. Online Claim and Correction
Employees will no longer be required to approve applications or recruit at the tourist site for their staff and improvements. They can correct their details through OTP and track the claim status online.
4. Better digital experience
Under EPFO 3.0, the Internet has been provided a better and user-friendly digital experience. Through the new features they can easily track their peep skate status, contributions and other details. These digital changes make eFYO services more convenient.
5. Ease of Claim Miracle in case of dead customer
EPFO recently revealed that it has made the magic of the magician simpler and faster in case of death of the subscriber. It is made clear in the film that the youth do not need a guardianship certificate (Guardianship Society) to receive pension and other payments. This decision was taken because some offices were still asking for certificates. Concerned relatives get immediate help and education.
