EPFO 3.0: Union Labour Minister Mansukh Mandaviya has given good news! The Employees’ Provident Fund Organisation (EPFO) is soon introducing “EPFO 3.0.” Now PF account holders will not have to run around offices to withdraw money. The withdrawal process for PF money will be identical to that of an ATM from the bank!
At the inauguration of the new office of EPFO in Telangana, the minister said that employees will get bank-like facilities from EPFO 3.0. This implies that EPFO will now function similarly to a bank.
What will happen in EPFO 3.0?
Withdraw money from ATM: The biggest news is that now you will be able to withdraw your PF money from the ATM. Just like a bank account, withdraw money whenever you want! The tension of going to the EPFO office is over.
EPFO will become like a bank: with your Universal Account Number (UAN), you will be able to transact like a bank. Everything will be done quickly and easily.
Services will be even faster: The minister has said that EPFO is improving its services so that people have fewer complaints. Whether it’s transferring funds, processing claims, or updating account details, the process will now be swift and effortless.
Fun for pensioners: There is also good news for those who have retired. With the new system, pensioners will be able to withdraw their money from any bank. This new system promises increased convenience and ease for pensioners.
Withdraw money anytime, anywhere: Currently, it is necessary to visit the EPFO office in order to withdraw money. But after EPFO 3.0 comes along, you will be able to withdraw your money whenever and wherever you want.
Is this statement true?
This news is absolutely true. Union Minister Mansukh Mandaviya himself has announced this. This will be a giant facility for the employees from EPFO.
What will happen now?
EPFO 3.0 is going to start soon. After its launch, PF account holders will experience significant ease. People will benefit greatly from the facility of withdrawing PF from ATMs.
