With EPFO 3.0, employees will find it easier to merge multiple PF accounts online through a revamped portal, core banking system, and UPI-enabled services. The update streamlines transfers when you change jobs, ensuring all your PF balances sit under one UAN, improving transparency, access, and long-term retirement planning.
Frequent job changes often leave employees juggling multiple PF accounts, making it harder to track savings and withdraw funds. The upcoming EPFO 3.0 overhaul aims to fix exactly that. With a new, user-friendly portal and core banking–style architecture, members will be able to seamlessly merge old PF accounts into one linked to their active UAN.
Currently, employees can already request transfers online by logging into the Member e-Sewa portal, verifying their UAN, selecting the old PF account, and submitting an online transfer claim—authenticated via OTP and employer approval. EPFO 3.0 is expected to make this process faster, more intuitive, and accessible in regional languages, while future updates will also enable UPI-based withdrawals.
By consolidating PF balances, employees gain a single, clearer view of their retirement corpus, reducing errors, delays, and dormant accounts.
Key highlights / Important points
Single UAN focus: All PF accounts to be consolidated under one UAN for each worker.
New EPFO 3.0 portal: Modern interface, core banking backend, and AI-powered vernacular support.
Online transfer flow: Login → verify UAN → choose old PF → submit transfer request → employer verifies.
UPI withdrawals coming: Faster access to funds directly into bank accounts via UPI.
Benefit to workers: Easier tracking, fewer dormant accounts, smoother withdrawals and claims.
Sources: NDTV Profit, News18, Firstpost, BusinessLine, India Today