EPFO Pension: Employees’ Provident Fund Organization, EPFO, is preparing to launch EPFO 3.0 very soon. Union Labor and Employment Minister Mansukh Mandaviya has provided this information. According to Minister Mansukh Mandaviya, the government is making many significant changes in EPFO. After its launch, EPFO members will start getting many facilities. The best thing is that the employee will not have to run around government offices.
Employment Minister Mansukh Mandaviya told the employees that EPFO 3. O is coming in the coming days, I promise that EPFO beneficiaries will be able to withdraw their money from ATM… they will not have to run around government offices.
Employment Minister Mansukh Mandaviya said you will not have to run around the government EPFO office or go to the employer in the coming days. The money is yours; you can take it whenever you want. I promise you can go to the ATM in the coming days and withdraw your money whenever possible.
On the other hand, it is said that soon, the employees can withdraw the money deposited into their PF account through UPI. The report states that the withdrawal system from EPF accounts through UPI will be rolled out in just 3 months.
आने वाले दिनों में EPFO 3.O आ रहा है, मेरा वादा है EPFO लाभार्थी ATM से अपना पैसा निकाल पाएंगे…सरकारी दफ्तरों के चक्कर काटने नहीं पड़ेंगे। pic.twitter.com/o6RhkMyvGF
— Dr Mansukh Mandaviya (@mansukhmandviya) March 6, 2025
What will be the benefits after connecting to UPI?
By linking EPF to UPI, the government’s target is to make financial transactions easier, so there is no problem in the claim process. The Financial Express report states that customers can quickly get the claim amount through a digital wallet once registered. In such a situation, the processing time will be reduced.
On the other hand, since UPS was approved, PF employees working in private companies have also demanded a minimum pension increase. PF employees are demanding that their minimum pension amount should be increased soon. Pensioners’ organizations are constantly demanding a minimum pension of Rs 7500.
At present, the minimum pension amount for employees is Rs 1,000. The government announced this in 2014. However, it has not yet been officially confirmed.
