Latest news with #3.0
India Today
3 days ago
- Business
- India Today
EPFO 3.0 to launch with UPI integration and ATM withdrawals: Launch date, features and all you need to know
Employees Provident Fund (EPF) members are in for a big breather in terms of ease of use and convenience from June of this year. A major digital overhaul is on the cards for India's retirement savings system as EPFO prepares to launch its next-generation platform, EPFO 3.0, starting on June 1, 2025. With over 9 crore active members, the organisation is now set to make provident fund access easier, faster, and more in sync with the digital upgrade comes on the heels of Union Labour and Employment Minister Mansukh Mandaviya's earlier statement confirming that the rollout would take place between May and June 2025. The new platform marks a significant shift in how EPF services are delivered. It is backed by a modern IT infrastructure aimed at reducing paperwork and manual processing. Let's dive deeper into the details of the upcoming 3.0: Launch dateStarting June 1, 2025, a wave of important financial changes are set to roll out across India, bringing updates that will affect everything from personal savings to credit card regulations and access to provident fund accounts. At the heart of these developments is the much-anticipated launch of EPFO 3.0, EPFO's newly upgraded digital platform. Designed to make the system more user-friendly and efficient, EPFO 3.0 will be rolled out on June 1, Aside from the EPFO update, June will bring a number of other financial changes. Major banks such as HDFC, Axis Bank, and Kotak Mahindra Bank are tweaking credit card rules, while consumers must also keep an eye on upcoming deadlines for Aadhaar updates, TDS certificate issuance, and special FD scheme 3.0 upcoming featuresUPI and ATM withdrawals: One of the most anticipated features of EPFO 3.0 is the introduction of ATM-like access to EPF funds. At present, withdrawing money from your Provident Fund (PF) account typically means filing an online claim and then patiently waiting for approval from an EPFO field office — a process that can often stretch over several days, if not weeks. But that's all set to change. With the introduction of UPI integration and ATM-based withdrawal facilities, the entire process is about to become far quicker and considerably more the new system, members of the Employees' Provident Fund Organisation will no longer need to endure lengthy delays. Instead, they'll be able to access up to Rs 1 lakh almost instantly. Additionally, they'll be able to transfer funds to their bank accounts on the spot, bypassing the usual claim-processing essence, the days of cumbersome withdrawal procedures are correction: Another major advantage of the upgraded system is the shift to digital self-service options. Members will now be able to update account details such as their name, date of birth, or contact information online, without having to submit forms or visit an EPFO support these updates securely, the new system will feature OTP-based verification, streamlining the process and ensuring data accuracy with minimal addition, the EPFO is introducing a revamped grievance redressal system to handle complaints more efficiently. With a digital interface and better tracking, the new mechanism is expected to deliver quicker resolutions and reduce frustration among with other schemes: EPFO 3.0 is also being positioned as a gateway to wider social protection, with plans to integrate other government schemes such as the Atal Pension Yojana (APY) and Pradhan Mantri Jeevan Bima Yojana (PMJJBY). This integration could significantly benefit workers in the unorganised and informal sectors, bringing multiple financial safety nets under one platform.
India Today
3 days ago
- Business
- India Today
From UPI and ATM withdrawals to online corrections: 5 expected features of EPFO 3.0
The way you withdraw your EPF money is about to change—and for the better. Starting June 2025, the Employees' Provident Fund Organisation (EPFO) may roll out a new version of its services, called EPFO 3.0. This new system aims to make PF withdrawals quicker, smoother, and more members might soon be able to withdraw their money instantly using UPI or even directly from ATMs. No more waiting for days or filling out long claim modernisation effort is being executed with the backing of the Ministry of Labour and Employment and has secured approval from the National Payments Corporation of India (NPCI). Here's a simple look at what EPFO 3.0 might UPI AND ATM WITHDRAWALSThe integration of UPI and ATM services is expected to significantly expedite the withdrawal process for EPF members. At present, withdrawing PF money involves online claims and waiting for approvals, which can take several days or even weeks. With the UPI feature, you'll be able to withdraw up to Rs 1 lakh instantly, especially helpful during also be able to check your PF balance through UPI apps and once your claim is approved, you might be able to withdraw your PF just like you withdraw cash from a bank ATM. This will make access to your savings much easier and CLAIM SETTLEMENTSadvertisementEPFO 3.0 will likely have an automatic claim settlement system. This means less paperwork and fewer delays, as your claims will be processed by the system directly, without manual checks in most CORRECTIONS MADE EASIERIn addition to financial transaction enhancements, EPFO 3.0 will allow subscribers to make digital corrections to their account details online. This includes updates such as changes in name or date of birth, which can now be done seamlessly without the need for traditional form-based OTP-based verification will be introduced to enhance security and convenience for information GRIEVANCE REDRESSALA faster and more responsive grievance redressal mechanism is another feature of the revamped system. This change is intended to address subscriber complaints more swiftly and effectively, providing a better service experience to EPF new system promises to handle grievances with increased efficiency, reducing the frustration often associated with prolonged complaint WITHDRAWAL SCOPECurrently, EPF withdrawals are limited to specific life events such as medical emergencies, housing needs, education, and updated EPFO 3.0 system proposes to broaden this scope, allowing employees to access their PF savings for additional critical life events. This expansion is designed to offer more financial flexibility and responsiveness to the evolving needs of employees, ensuring that they can better manage financial EPFO 3.0 is aiming to put more power in your hands, giving you quicker access to your own money and improving how the system works for Watch
India Today
4 days ago
- Business
- India Today
From PF access to free Aadhaar update: 5 key financial changes in June 2025
Starting June 1, 2025, several significant financial changes will take effect across India, impacting aspects such as savings, credit card rules, and provident fund (PF) access, among 3.0 GOES LIVEAmong the most notable changes is the launch of the upgraded EPFO 3.0 system by the Employees' Provident Fund Organisation from June new system aims to simplify the process of PF withdrawals, streamline Know Your Customer (KYC) updates, and expedite claim processing. A key feature of this update is the introduction of ATM-like cards, facilitating easier and quicker access to EPF funds for FIXED DEPOSITS RATES Suryoday Small Finance Bank joins other financial institutions in lowering interest rates on fixed deposits (FDs). From June 1, 2025, the bank will offer interest rates ranging from 4% to 8.4% for deposits below Rs 3 crore, with the highest rate applicable to tenures between 30 to 36 the interest rate for 5-year FDs will decrease by 60 basis points, dropping from 8.6% to 8%. This shift reflects broader market trends as banks adjust to changing economic IN CREDIT CARD RULESStarting June 20, 2025, Axis Bank will introduce phased changes to its REWARDS Credit Card. Key changes involve point accrual rules, merchant category revisions, and changes in the validity of reward update will help cardholders better comprehend their card benefits and manage their spending more NEW RULES FOR MUTUAL FUNDSadvertisementIn the realm of mutual funds, the Securities and Exchange Board of India (Sebi) has introduced changes to the cut-off timings for overnight mutual fund schemes, starting June 1, new cut-off times are set at 3 PM for offline transactions and 7 PM for online transactions. Any order made after these times will be processed the next working day and may get a different NAV than expected. This adjustment is expected to enhance the management of client funds and the movement of CARD UPDATE DEADLINEThe deadline to update your Aadhaar details online for free is June 14, 2025. Those who fail to update their identity and address proof documents by this date will incur a fee of Rs 25 for updates through the online portal or Rs 50 at physical Aadhaar centres. This deadline underscores the importance of maintaining up-to-date personal information in official the implementation of these rules reflects ongoing efforts to optimise financial systems in India. Stakeholders are encouraged to review these changes closely to ensure compliance and maximise their financial advantages.
India Today
22-05-2025
- India Today
CMF Phone 2 Pro review in 5 points: Meaningful upgrades over CMF Phone 1 make it an easy recommendation
Phones under Rs 20,000 often make many compromises. The CMF Phone 2 Pro makes a few, too, but it still gets the basics right (meaning that it has a good display, clean software, dependable battery life, so on and so forth), while putting in a few extras that together make it a strong contender in its price range. I tested the CMF Phone 2 Pro for two weeks and I believe that it is one of the most well-rounded smartphones you can get below Rs 20,000 today. You can read our full review of the CMF Phone 2 Pro here. Here, we give you a more concise take on why it could – and should – be your next Phone 2 Pro: Key specificationsBefore I summarise my experience with the CMF Phone 2 Pro, here is a quick look at the key specifications of the 6.67-inch flexible AMOLED panel with 120Hz refresh rate and 3,000nits peak brightness Processor: MediaTek Dimensity 7300 ProStorage and RAM: 8GB RAM, up to 256GB storageRear camera: 50-megapixel primary sensor, 50-megapixel telephoto lens (2x optical zoom and up to 20x ultra zoom), 8-megapixel ultra-wide lens with a 119.5-degree field of viewSelfie camera: 16-megapixelBattery: 5,000mAh with 33W fast charging supportOS: NothingOS 3.0 based on Android 15 advertisement CMF Phone 2 Pro review in 5 points-Design and ergonomicsNothing says that the CMF Phone 2 Pro is the slimmest phone it has made so far. At 7.8mm, its sleek profile stands out. The phone is light and easy to handle even with one hand. Basically, it is a big-screen phone that doesn't feel sent us the mint green variant, which is a nice departure from the usual colour palette we typically see in this price range, and the shimmer finish adds a playful touch while maintaining a premium signature back panel design of the CMF Phone 1 is continued on the CMF Phone 2 Pro with screws and a small dial to attach accessories. However, swappable panels are no longer part of the product offering.-DisplayThe CMF Phone 2 Pro's display is quite bright, which means you will never find yourself struggling with legibility even under direct sunlight. The display's colours are punchy, and scrolling or gaming feels smooth and responsive. Compared to the CMF Phone 1, bezels on the CMF Phone 2 Pro have been trimmed down, and the large bottom chin is almost gone. There is room for some more refinement, but this screen is among the best you'll get in this and UIPowered by the MediaTek Dimensity 7300 Pro chipset, the CMF Phone 2 Pro can handle day-to-day tasks like calling, multitasking, and social media, effortlessly. Even with heavy use, the phone does not lag while switching between multiple on the CMF Phone 2 Pro is also mostly fine, though the phone struggles a bit in sustaining peak performance during particularly with demanding really stands out, just like all Nothing phones, is the clean and ad-free software. The CMF Phone 2 pro runs NothingOS 3.0, which is based on Android 15. It is intuitive and easy to get used to. Even my 60-year-old mother-in-law had no trouble adapting to it. Nothing promises three years of Android updates and six years of security patches. -Battery performanceThe CMF Phone 2 Pro has excellent battery life. I regularly got a full day of use even with 5G and heavy usage. On lighter days, it could stretch even beyond a day. Nothing's software optimisation plays a big role here, and it shows in how it performs in the real world. This is a phone you can depend on to keep up with your routine without hunting for a charger towards the end of the debut triple-camera setupThe CMF Phone 2 Pro's camera is a major upgrade. The company has debuted a triple camera system on the CMF-branded phone with the Phone 2 Pro. And the phone is able to largely deliver on the hype it created around it. Photos come out sharp, with accurate colours and decent background blur in portrait mode when you give it lots of light. Low-light shots aren't perfect (you can notice some noise and dynamic range doesn't go very wide) and the shutter can be a bit slow. Regardless, it performs better than most phones in this range. Nothing also offers swappable lenses for those who want to experiment a bit more with Phone 2 Pro: Quick verdictThe CMF Phone 2 Pro feels like a sensible step up from its predecessor. It does not overwhelm you with gimmicks. Instead, it focuses on the things that matter – display, performance, battery, and usability. At a starting price of Rs 18,999, and the promise of long-term software support, the CMF Phone 2 Pro delivers great value for money. If you are looking for a dependable daily driver that also looks good, it should be on your list.
Cision Canada
21-05-2025
- Business
- Cision Canada
Bossjob Showcases Next-Gen AI Recruitment Platform at TEAMZ Web3/AI Summit 2025
MANILA, Philippines, May 21, 2025 /CNW/ -- Bossjob, the premier AI-driven recruitment platform, made waves as the exclusive HR tech invitee at Japan's flagship TEAMZ WEB3/AI Summit 2025 (April 16-17, Tokyo). The platform unveiled its cutting-edge AI-powered recruitment suite, featuring instant candidate profiling, smart talent pool management and its new Copilot tool. These innovations mark the dawn of Recruitment 3.0, delivering end-to-end digital hiring solutions tailored for the Web3 ecosystem. AI Redefine s Hiring Efficiency At the event, Bossjob unveiled its next-generation AI recruitment capabilities, including an AI resume analysis engine that processes thousands of resumes and matches candidate skills with job requirements in real time using its proprietary NLP algorithms. It also previewed an upcoming AI assistant that enables dynamic, multi-stage candidate interactions for automated resume collection and qualification. These features enhance hiring efficiency, while delivering precision-driven talent solutions for Web3 companies. Bossjob has built an extensive HR database for the Web3 and AI sectors through its AI technology. The talent pool's latest upgrade introduces intelligent management capabilities that transform how companies identify and engage top tech talent. The enhanced talent pool now supports AI-driven resume archiving and categorization with automatic "Inactive" tagging for bulk screening. It also integrates multiple resume sources, simplifying talent data consolidation by enabling one-click additions and instant profile imports from external links. The new Copilot tools uses AI to generate GPT-powered "job-candidate fit" scores, allowing employers to filter mismatches and compare candidates side by side. These tools significantly reduce screening time and improve hiring outcomes. A Dedicated Job Portal Launched to Address Japan's 30B Yen Web3 Talent Gap Japan's Web3 industry has experienced rapid growth, with a surge in blockchain, NFT, and metaverse-related businesses. According to Japan's Ministry of Economy, Trade and Industry, the local Web3 market grew by 35% in 2023, yet the sector faces a talent shortage of more than 20,000 skilled professionals. Traditional recruitment platforms fail to meet the demand for niche skills such as smart contract development and DeFi architecture, while job seekers struggle with fragmented job postings and low matching accuracy. In response, Bossjob's AI-driven precision matching addresses both challenges, culminating in the launch of its dedicated Web3 job portal. As an AI-powered platform, Bossjob delivers personalized job recommendations for Web3 professionals and includes direct chat functionality for seamless employer-candidate communication. This approach improves recruitment accuracy while adapting to the sector's evolving talent needs, helping businesses secure high-level technical talent and promoting long-term growth in the Web3 labor market. A Bossjob Japan spokesperson stated, "We deeply understand the urgent demand for specialized talent in Web3 and recognize the limitations of traditional recruitment in this emerging field. By creating a Web3-dedicated job platform, we aim to bridge the gap and provide robust talent support for Japan's Web3 ecosystem." Industry analysts note that as the Japanese government accelerates its Web3 strategy, the talent supply-demand imbalance will intensify. Bossjob's targeted approach not only taps into a corporate recruitment service market valued at over 30 billion yen but also positions the platform as key infrastructure for Japan's Web3 growth by enhancing talent allocation efficiency. Launched in 2017 in Singapore, Bossjob is a pioneering AI-powered recruitment platform serving 13 countries globally. To date, it boasts over 4.5 million registered job seekers and 55,000 corporate users. By utilizing advanced AI capabilities, Bossjob automates everything from job creation to optimal talent matching, solidifying its leadership in the Web3 recruitment space and heralding the era of AI Recruitment 3.0.
