PF Withdrawl- Do you also have a PF Account? Facing trouble over withdrawl? Then this article is for you. Now you can withdraw PF money in minutes. Wanna know how? Then lets find out. Almost every employed person has a PF account and people consider it the most reliable option for their savings.
This account is not only useful for retirement but also helps in case of sudden need. Till now, to withdraw money from it, one has to make an online claim and after the claim is approved, it takes several days for the amount to reach the account. Due to this, many times people get troubled in emergency. Now preparations are being made to make this process easier and faster. After changing the rules, withdrawing money from PF will become much smoother than before and employees will get relief quickly.
PF’s money will reach the account within minutes
It will now be easier for crores of employees of the country to withdraw money from their PF account. Let us tell you that a big change is going to come this year. The Employees Provident Fund Organization i.e. EPFO is going to launch the 3.0 platform soon. Currently, employees process online claims to withdraw money from their account. But it takes time. Now with the new facility, you will be able to withdraw money within minutes through UPI and ATM. This will directly benefit around 8 crore account holders. Not only withdrawal but also updating details and claim process will become faster than ever.
Work will be easier with ATM and UPI
With the advent of EPFO 3.0, PF withdrawal will become very simple for employees. In this, employees will be able to withdraw money directly from the ATM after linking their UAN number with Aadhaar. For this, a separate ATM card will be issued by EPFO. Which will be called EPFO withdrawal card.
This card will work like a bank ATM card and will be directly linked to the PF account. That is, just like you normally withdraw money from an ATM, you can easily withdraw money from this card as well. Apart from this, if someone wants to withdraw money through UPI, then he can withdraw money by linking his UPI account to the PF account.