You will be able to withdraw PF money from ATM in few seconds?
A new update has come out regarding EPFO. The Employees Provident Fund Organization i.e. EPFO may soon launch EPFO 3.0. This information was given by Union Labor and Employment minister Mansukh Mandaviya. Under this, EPF members will get many benefits and will get relief from running around government offices. Now know what is EPFO 3.0?
Now PF account will work like a bank account
According to the information given by the Union minister, the 3.0 version of EPFO is going to come in the coming days. This will be a wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital system, under which the functioning of EPFO will also be like a bank. With its help, PF money will be able to be withdrawn directly from the ATM without any hassle. EPFO members will be able to do all their work through Universal Account Number (UAN). Mansukh Mandaviya said that now people will neither have to visit EPF offices nor go to the employer to withdraw PF money.
You will be able to withdraw PF money in a few seconds
Under EPFO 3.0, PF money will now be completely under your control and you will be able to withdraw PF money from ATM whenever you want. Till now, forms had to be filled to withdraw PF. Signature had to be taken from HR. Under EPFO 3.0, you will be able to withdraw money from your PF account whenever you want, just like your bank account. That is, now you will be able to withdraw PF money in a few seconds. Through this app, you can check PF status or balance whenever you want, you can settle claims. That is, through EPFO 3.0, you will get rid of paperwork.
click and follow Indiaherald WhatsApp channel