EPFO Update: Other Than ATM, PF Cash Can Also Be Transferred Through Gpay And Paytm. Understand When It Will Be Applied.
EPFO replace: Apart from ATM, PF money can also be transferred via GPay and Paytm. Do you know when it will be applied?
EPFO update: Big changes are going to appear quickly regarding the personnel provident fund agency, or EPFO, in which the money deposited within the PF account can be withdrawn from the ATM. Aside from this, money can also be withdrawn via UPI.
EPFO update: Crores of personnel of the Employees' Provident Fund organization (EPFO) are going to get true news quickly. Till now, one has to look forward to numerous days to withdraw money from the PF account; however, after the brand new exchange, the PF money may be in your hands in minutes. The authorities are making plans to introduce ATM playing cards to withdraw PF money quickly. Other than this, UPI can also be used to switch money, for which EPFO is talking to NPCI. Do you understand how many days it takes to withdraw money from the PF account now? Until when will this cash be able to be withdrawn from the ATM?
What is EPFO three.zero version?
EPFO is going to launch its new EPFO 3.0 version soon. In this, account holders will get the power to withdraw their budget directly from the ATM. This information has been given via Union exertions minister Mansukh Mandaviya. in which it changed into informed that EPFO three.0 might be made just like the banking device. and then employees might be capable of transacting cash without difficulty using their universal account quantity (UAN). However, some phrases and situations will even apply to this, in step with which money will be withdrawn. Consistent with reviews, this new facility is probable to begin from june 2025.
UPI charge from PF
Other than ATM, work is also being done on using UPI to give extra comfort to EPF participants. Consistent with media reviews, EPFO is speaking to the countrywide fee business enterprise of india (NPCI) for this. If all is going well, by way of May or june, EPF participants will also be able to switch money via GPay, PhonePe, and Paytm. This facility will provide outstanding comfort to those who've had to withdraw money from PF in an emergency. Currently, this complete manner takes about eight to 10 days. In conjunction with this, one can also keep away from traveling to any workplace or long method to withdraw money.
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