EPFO 3.0 Update: All PF employees are now eagerly awaiting the launch of EPFO 3.0. The EPFO 3.0 is expected to be launched soon by the government, which will be a welcome gift. Now, the system of withdrawing PF money through UPI and ATM can be implemented, which is being discussed rapidly.
This will be the most significant change to the EPFO to date. Currently, it takes 10 to 15 days for the PF claim to be confirmed, after which it will be possible to withdraw it immediately through an ATM. Currently, EPFO has not officially announced the date of implementation for the new system, but according to media reports, June is being mentioned.
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Know what EPFOO 3.0 is?
The question must be arising in the mind, what is EPFO 3.0? It is the digitisation of the existing system. Until now, to withdraw PF, employees had to visit the official EPFO website and complete the claim form. According to the new processing, this will not happen.
Under EPFO 3.0, there is a possibility of obtaining the facility of real-time fund access. This system allows for the withdrawal of PF through ATM and UPI apps. As soon as it is implemented, the problems of PF employees will largely be resolved. You can do this work easily.
Withdrawal from the ATM and UPI will work well.
However, how will the process of withdrawing money from an ATM and UP be? This information has not been officially revealed yet, but the news is being reported in the media. It is believed that the work of linking EPFO accounts with ATM and UPI can be done.
You will be able to withdraw PF funds directly through UPI apps. For this, security measures such as PIN or Aadhaar-based verification can be implemented. Additionally, a withdrawal limit can also be fixed under security rules.
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