Key facts
- EPFO 3.0 will allow members to withdraw Provident Fund (EPF) via UPI.
- This feature aims to provide faster access to eligible PF fund portions.
The Employees' Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour & Employment, Government of India, that manages provident funds, pension schemes, and insurance schemes for employees in the organized sector. This new feature aims to streamline the withdrawal process and provide members with quicker access to their accumulated savings.