EPFO 3.0:A new update has come out regarding EPFO. The Employees’ Provident Fund Organization i.e. EPFO may soon launch EPFO 3.0. This information has been given by Union Labour and Employment Minister Mansukh Mandaviya. Under this, EPF members will get many benefits and they will be freed from visiting government offices. If you are also an EPFO member, then this information is very useful for you.
PF account will now 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. It will be a digital system, under which the functioning of EPFO will also be like a bank. With its help, PF money can be withdrawn directly from the ATM without any hassle. EPFO members will be able to do all their work through a Universal Account Number (UAN). Mansukh Mandaviya said that now people will neither have to visit EPF offices nor go to their employer to withdraw PF money. You can withdraw PF money in a few seconds. This change is a big relief for EPFO members.
EPFO 3.0 will give you full control
Under EPFO 3.0, PF money will now be completely under your control and you can withdraw PF money from ATM whenever you want. Till now, forms had to be filled out to withdraw PF. Signatures had to be taken from HR. Under EPFO 3.0, you will be able to withdraw money from your PF account whenever you want, 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 your PF status or balance whenever you want, you can settle claims. That is, through EPFO 3.0, you will get freedom from paperwork. This digital revolution will make the lives of EPFO members easier.
The launch of EPFO 3.0 is an important step for EPFO members. This digital system will make their life easier and provide them more convenience.