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EPFO 3.0: Bank-Like PF Services Under Review

11 September 20251 min read
BANKING & FINANCEEPFO 3.0:Bank-Like PFServices UnderReview11 September 2025safalsetu.com

Why in the news

EPFO planned to take up EPFO 3.0 at its Central Board of Trustees meeting on 10-11 October 2025, chaired by Labour Minister Mansukh Mandaviya.

Key facts

  • EPFO 3.0: a proposed digital upgrade giving bank-style member services.
  • Withdrawals: partial PF withdrawals via ATMs or UPI, with little paperwork.
  • Pension: minimum monthly pension may go from ₹1,000 to ₹1,500-2,500, a long-pending union demand.

Exam angle

  • Decision body: Central Board of Trustees; chair: Labour Minister.

Test yourself

1. Which body was due to discuss EPFO 3.0 on 10-11 October 2025?

The notes say EPFO's CBT would deliberate on it.

2. What minimum monthly pension figure is mentioned as the starting point for the proposed EPFO hike?

The board may raise it from ₹1,000 to ₹1,500-2,500.

3. Through which channels does EPFO 3.0 propose partial PF withdrawals?

The plan allows ATM or UPI withdrawals.

This topic is part of Daily Current Affairs 11 September 2025 (20 topics).

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