Overview
- EPFO has delayed the launch from June 2025 for extended technical testing and has not announced a new date, though reports indicate it is expected soon.
- The upgrade is reported to enable instant provident fund access through ATM withdrawals and UPI, contingent on UAN activation with Aadhaar and bank linking.
- Members are expected to make online corrections and submit and track claims via OTP verification, reducing the need to visit EPFO offices.
- Death-claim settlements are slated to be faster with the removal of the guardianship certificate requirement for minors as nominees.
- Coverage says the platform will serve over 8 crore members, add a mobile real-time dashboard, and is being built by major IT firms with an emphasis on security and stability before go-live.