EPFO 3.0: Provident Fund Services to Transform with Bank-Like Accessibility

• EPFO is launching EPFO 3.0, a major tech upgrade to provide fast, easy, and accessible provident fund services, similar to banking.
• The new platform will feature a core banking solution, allowing members to resolve issues from any EPFO office nationwide, regardless of their account's registration city.
• Benefits include expedited claim settlements, quicker grievance redressal, reduced need for office visits, and services available across the country.
• EPFO 3.0 is designed to handle increased users from both organized and unorganized sectors, especially after the implementation of new Labor Codes.
• Information will be available in local languages using AI-based translation tools and the Bhashini platform, enhancing accessibility for non-English/Hindi speakers.

Why It Matters: EPFO 3.0 will revolutionize provident fund services, making them as accessible and efficient as modern banking.