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Sanjeev Sanyal Signals EPFO 3.0 Overhaul Is Nearing Launch

His note points to a long-tested upgrade that still lacks an official date after the missed June target.

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.