New Delhi, June 2 -- The Employees' Provident Fund Organisation (EPFO) is undertaking a major digital upgrade initiative, dubbed EPFO 3.0, that will enable subscribers to complete paperless withdrawal or transfer provident fund.

The retirement fund body is undertaking a broader digital overhaul and service simplification through a new system that seeks to eliminate processing delays by allowing subscribers to access and transfer their provident fund savings directly through UPI and UPI-enabled ATMs.

It is expected to reduce wait time and make access to savings more easier for EPF subscribers may soon via direct transfer of funds to their bank accounts through the UPI payment gateway.

Amid buzz of the EPFO 3.0 launch, we take explain AT...