EPFO 3.0 Diwali Gift 2025: EPFO is preparing to provide Diwali gift to a crore of private sector employees in the country who are contributing to their EPFO account frequently. According to the latest announcement by the authority, the organization is going to implement EPFO 3.0 initiative. This initiative will come with multiple benefits including revision in the pension rates for beneficiaries, easy way to withdrawal the provident fund within few minutes using mobile phone or UPI Services.
If you are also a member of EPFO and contributing your salary in this organisation for future pension then you can read this article which will help you to understand the upcoming initiatives in the authority under EPFO 3.0. We will share with you the date of starting the program, benefits under this program, details of beneficiaries and other information which will help all the members to get update and revised benefits.
EPFO 3.0 Diwali gift
Diwali festival is falling after 18th October onwards. It is a very important festival for employees across the country as different companies including government departments provides Diwali bonus and gift annually to their employees on the occasion of Diwali. EPFO is also preparing to announce a Diwali gift for all the participating members in the program this Diwali under EPFO 3.0 initiative. This initiative will refine the current bugs and errors in EPFO digital services such as applying for the withdrawal, reducing the time to get approval of your application.
Good News for Non-Government Employees
Currently members of EPFO are required to wait for at least 5 to 6 days or for a week to receive approval of the application to withdraw the amount under the EPFO 2.0. however the authority is offering approximately all the services through online mode but they still need to work on the time duration and reduce the duration of the approval. Under the update initiative of 3.0 in EPFO, all the applicants will see approval connection on their application within a few hours after applying for the payment.
Big Diwali Gift with Pension Hike & Instant PF Withdrawal Option
UPI is a globally trending method which is encouraged by all the financial experts. Almost every individual who is using digital services and online banking services, is using the upi service to pay and receive payments quickly.
But the EPFO is only providing the payment in bank account of the applicant where they need to enter in the complete bank account details including account number, IFSC code, account holder name and branch details to receive the amount. But in the new initiative of 3.0, the organisation is updating payment providing method and will include upi payments to release the fund of the applicant in their account quickly without need of the complete bank details.
EPFO Emergency Withdrawal
The department is also including the additional benefit to all the members of EPFO to offer them a feature to get rs 1 lakh from the provident fund in case of any emergency. It is a very game changing initiative which will help more than 80 lakh members of EPFO and it will allow them to use their amount for multiple occasions including festival, educational expenses of children, marriage and medical expenses etc.
Currently the service to receive emergency fund is still activated but since it required a very long online application procedure and take 4 to 5 days to get approval of the application so it is still under question mark and is expected to offer the benefit of this emergency fund under the quick payment program in 3.0 EPFO.
Diwali 2025: EPFO May Increase Minimum Pension
Members were demanding from the EPFO Central board of trustees revise their monthly pension amount. Currently members are receiving rs 1000 per month for a long duration but now under the 3.0 initiative of EPFO, the government is planning to increase the monthly rates of pension from 1000 rupees to maximum 2500 rupees. However the increment will range between 1500 rupees to 2500 rupees accordingly. It will provide an additional burden on government to release a double monthly pension, but the authority will provide the amount from there benefits and business structure where they are investing the amount in the market and earning a good revenue return from their investors.
Conclusion
Officials are currently discussing the implementation of the 3.0 initiative of EPFO but the official date of implementation of the program has not been published yet. But as per the guidelines and details on social media, a big relief will come for investors who are facing difficulties to collect their withdrawal amount as now they can directly receive the amount on their ATM card or UPI ID of any UPI mobile application. Apart from this pensioners will also receive a good news as it may double their monthly pension if the government implement the provision as it is.