EPFO 3.0: UPI Withdrawals, New Portal, AI Language Support & Core Banking Soon

• EPFO is set to launch EPFO 3.0, a major technological overhaul bringing a core banking-style system, new portal, and backend software.
• The reform aims to centralize operations, allowing members to resolve complaints and service requests from any EPFO office nationwide.
• EPFO 3.0 will integrate AI-powered language translation tools like Bhashini to communicate with members in their local languages.
• UPI withdrawal facility for EPF funds is expected by April, with an initial proposed maximum limit of ₹25,000 per transaction.
• Profile correction for personal details is already simplified, allowing self-correction without employer verification for various fields.

Why It Matters: EPFO 3.0 promises enhanced accessibility, faster services, and a modernized, bank-like experience for all members.