India, Jan. 24 -- The Employees' Provident Fund Organisation (EPFO) plans to launch EPFO 3.0 as its upcoming digital transformation project, which will create faster and easier-to-use provident fund and pension services. The proposed updates focus on real-time settlements, AI-driven support, and seamless withdrawals, including a UPI-based PF withdrawal system.

EPFO 3.0 is the upcoming digital transformation phase of India's retirement savings system. The system will use UPI and AI tools and advanced data analytics to automate operations, which will speed up claims processing while improving transparency and user experience.

EPFO 2.0 introduced online claim filing, e-nomination, digital KYC, and Aadhaar-based verification. Most PF transf...