EPFO 3.0 launch and pension hike, good news for account holders EPFO ​​Good News

EPFO Good News: Employees Provident Fund Organization (EPFO) is bringing two big news for its crores of account holders this time before Diwali.First - A new digital platform called EPFO ​​3.0 will be launched and second - there is a possibility of increasing the minimum pension amount.Let's know what will benefit employees and pensioners from these two decisions.

What is EPFO ​​3.0?

EPFO 3.0 is a modern digital platform that is specially designed for employees.Its biggest feature will be that employees will be able to use ATM card and UPI to withdraw money from their Provident Fund (PF) account.That is, PF money can also be withdrawn from apps like Google Pay, PhonePe, Paytm.

Major features of EPFO ​​3.0

Minimum pension increase

Currently, pensioners get a pension of only ₹ 1000 every month under EPFO, which is very low in this era of inflation.In the meeting to be held in October 2025, it will be proposed to increase this amount from ₹ 1500 to ₹ 2500.This increase will be a sigh of relief for millions of elderly people who depend on this pension for their everyday needs.

What will be the benefits of digital change?

After the arrival of EPFO ​​3.0, employees will now get rid of long paperwork.The facility of withdrawing money from ATM and UPI will be extremely useful in emergency.Also, due to online services, employees will not need to visit the EPFO ​​office again and again.This will especially prove to be beneficial for workers in small towns and rural areas.

Final decision will be taken in the meeting

A meeting of the Central Board of Trustees will be held on October 10-11 under the chairmanship of Labor and Employment Minister Mansukh Mandavia.In this meeting, a final decision will be taken on EPFO ​​3.0 and pension hike.If everything happens according to the fixed plan, then these facilities will be implemented before Diwali.