New Delhi: PF employees are about to receive significant relief. EPFO 3.0 is a digital platform that will provide significant relief to PF employees. The government is expected to launch the facility to withdraw funds from ATMs in early January 2026. Approximately 75 million employees will be able to benefit from this facility.
This means that there will no longer be a 10-15-day wait to withdraw PF funds. Employees will simply need to enter their PIN as soon as they insert their ATM card into the machine, and the cash will be transferred into their hands. This facility will prove to be a major boost for PF employees. This is considered a significant gift for PF employees in the 21st century.
What conditions could be imposed on PF employees?
Some conditions could be imposed on withdrawal limits. Withdrawals of up to ₹1 lakh per transaction are permitted. Additionally, up to 50% of the PF balance can be withdrawn freely. The EPFO could also operate the UPI facility. Currently, PF funds cannot be withdrawn from ATMs, but the government is soon implementing this facility.
On the other hand, the government provides interest to PF employees annually. Interest is paid on the total amount deposited in the PF account. The government has announced an interest rate of 8.25% for the financial year 2024-25. This proves to be a significant gift. This means the government has transferred this money to the PF account.
How to Check PF Balance
For your information, you can easily check your PF account balance without any hassle. You can easily check your PF balance through a missed call. You can also check your PF balance through other EPFO services.
PF employees can also check their balance through the Umang app, the EPFO website, or the SMS service. To receive information via SMS, type “EPFOHO UAN ENG” from your mobile and send it to 7738299899.