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HinduBusinessLine

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Image Credit: HinduBusinessLine

Major digital overhaul in EPFO with new IT platform set for May-June rollout: Mandaviya

  • EPFO is set to implement a digital overhaul with the rollout of Version 3.0 in May-June.
  • The new IT platform will enable seamless services such as auto-claim settlements and ATM-based fund withdrawals.
  • Beneficiaries will be able to update EPFO accounts and withdraw funds using OTP verification, eliminating complex paperwork.
  • The EPFO's focus is also on extending social security to gig and platform workers, and enhancing healthcare access for ESIC beneficiaries.

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