New Delhi, June 10 -- The Employees' Provident Fund Organisation is rolling out EPFO 3.0 to expand its digital services and online presence through an updated system that will allow subscribers to undertake paperless withdrawal or transfer of provident fund.

The body's move is envisioned to cut down wait time for employee provident fund and make it easier for members to access their retirement funds. EPFO 3.0 seeks to eliminate processing delays by allowing subscribers to access and transfer their provident fund savings directly through the unified payments interface (UPI) and UPI-enabled automated teller machines (ATMs).

Once full roll-out is complete EPF subscribers will be able to process direct transfer of funds to their bank accoun...