EPFO 3.0 Launch Date and New Rules: Portal, UPI Withdrawal, Core Banking & AI Translation

The Employees' Provident Fund Organisation (EPFO) is set to roll out EPFO 3.0 with new features including a unified portal, UPI-based withdrawals, AI-powered translations, and a core banking system to cater to both organised and unorganised sector workers, as per The Indian Express. 

Key Features of EPFO 3.0 and Launch Timeline 

The upcoming EPFO 3.0 introduces a technology revamp to support expanded coverage under new Labour Codes. This version will include a core banking solution enabling centralised access to services, and a new portal with updated backend software for scalability over the next 10 years. 

An AI-powered language translation tool, Bhashini, will be implemented to communicate with members in vernacular languages. UPI-based fund withdrawal through the BHIM app is also planned, with an initial cap of ₹25,000 per transaction. These features are expected to roll out gradually, with the UPI facility likely by April 2026. 

Core Banking Architecture for Unified Access 

A notable shift in EPFO 3.0 is the shift to a core banking system. This upgrade allows members to avail services at any EPFO office nationwide, similar to traditional bank operations. The system aims to support 8 crore active members and a fund corpus of around ₹28 lakh crore. 

The centralisation is especially beneficial as EPFO may take on administration of unorganised worker funds, separate from gig worker schemes. A tender to select the tech partner is under final financial vetting, with Wipro, Infosys, and TCS in the race for the implementation. 

Read More: EPFO Plans UPI-based Withdrawals from April 2026! 

Simplified Withdrawal and Profile Correction Facilities 

Withdrawal norms have been streamlined into three categories: essential needs, housing, and special circumstances. The EPFO added a ₹25,000 withdrawal limit and mandates a 25% minimum account balance.  

From January 2025, members could self-correct personal details without employer or EPFO verification. By December 2025, 32,23,000 corrections were processed using the updated mechanism. 

Remaining Modules in Final Phase of EPFO 2.0 

The EPFO 2.0 upgrade is nearing completion with only three modules pending: pension, claims, and annual accounts. A revamped Electronic Challan cum Return (ECR) and task allocation system have already been implemented as part of this transition phase. 

Conclusion 

EPFO 3.0 brings modern features such as a new portal, UPI withdrawals, language localisation, and core banking to improve accessibility and operations for its 8 crore members. Final implementations are expected in a phased manner over coming months. 

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