EPFO 3.0: The central government is very active regarding PF employees. Now the work of digitising PF employees is being done. Now the work of making the process easy and simple is going on rapidly. Many times it takes between 10 to 15 days to withdraw the PF money of the employees, but now this will not happen.
The government is going to launch its new digital service EPFO 3.0 soon. According to some media reports, the change that is going to happen is going to be implemented only in the year 2025. The changes will be such that you will be able to withdraw PF money easily. Know in the news below what new facilities will be available in EPFO 3.0.
How easy will it be to withdraw funds?
After the launch of EPFO 3.0, it will become very easy to withdraw the amount of funds. One has to fill out the online claim, fill out the document form, upload the document and wait for approval. But you will be happy to know that after EPFO 3.0, people can withdraw the money deposited in their PF account directly using an ATM.
The most important thing is that this facility will be completely digital. Money will be available in an easy way soon. Withdrawal of money from an ATM is expected to be up to Rs 1 lakh or 50 per cent of the total balance. For this, the account holder must have a universal account number activated. Also, linking of bank account and Aadhaar is very important.
Money will also be withdrawn from UPI.
PF amount can be easily withdrawn not only from an ATM but also through UPI. You can use apps like Google Pay, PhonePe or Paytm. PF employees will be able to use their money immediately. This will provide immediate financial assistance to the employees when needed. A withdrawal limit can be fixed in this.
At the same time, the facility of auto-claim settlement will also be provided in EPFO 3.0. With this, the money will be transferred directly to the account without any manual intervention. This means that after the claim, you will not have to wait long for the money.