Ratan Tata's TCS, Narayana Murthy's Infosys, Azim Premji's Wipro get big responsibility, set to affect millions of Indians due to...
According to the news published in the Free Press Journal, earlier, on June 16, 2025, an Expression of Interest (EOI) was sent by the EPFO to companies specialising in managing large-scale digital platforms. After reviewing all the applications, EPFO selected TCS, Infosys and Wipro. Which companies were selected for the next phase?
According to EPFO, on the basis of evaluation, Infosys Limited, TCS Limited and Wipro Limited are suitable. They have been shortlisted to participate in the next phase of the selection process. However, it is clearly stated in the circular that shortlisting does not mean that any legal or official contract has been given yet. This is just an administrative step.
There is only one purpose of launching EPFO 3.0: to make it more modern and advanced than before. With its launch, millions of subscribers will get better service from EPFO. What kind of facilities will be available with its launch?
Auto Claim Settlement: Now the settlement of claims will be done through automated system. This will end the hassle of processing manually. This will make the system faster and more efficient than before.
Online account change: With the new app, you will no longer need to go to the EPFO office to update account details like name or date of birth, rather users will be able to update it online from home.
OTP verification: With the new update, OTP verification process will now start in place of the traditional form based process. This means that any change related to the account can be confirmed through OTP (one-time password).
PF withdrawal from ATM: After the claim is approved, subscribers will now get the facility to withdraw PF money from ATM just like bank transactions.
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