EPFO 3.0: Major Provident Fund System Overhaul Coming, Will Operate Like Banks
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News18•21-01-2026, 10:57
EPFO 3.0: Major Provident Fund System Overhaul Coming, Will Operate Like Banks
- •EPFO is launching 'EPFO 3.0' to completely revamp its system for faster, more transparent, and easier services.
- •The new system will adopt a centralized Core Banking Solution, similar to banks, allowing members to access services from any center.
- •It will feature a new portal, backend software, and AI-based language translation technology, including tools like 'Bhashini'.
- •The changes aim to handle the growing number of members, including the unorganized sector, and manage a corpus of approximately 28 lakh crore rupees.
- •Members will be able to access provident fund information in their own language with one click, eliminating the need to visit offices.
Why It Matters: EPFO 3.0 will centralize services, integrate AI for language support, and modernize infrastructure for all members.
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