The Employees’ Provident Fund Organisation (EPFO) is launching a new system called ‘EPFO 3.0’. With this update, you can now withdraw your provident fund (PF) money directly from an ATM, making it quicker and easier for you.
Union Minister of Labour Mansukh Mandaviya during an event in Hyderabad, announced that the new system will offer banking-like convenience with several digital features to make transactions easier.
EPFO 3.0: Say Goodbye to Paperwork and Long Waits!
Withdrawing PF money is about to get a lot easier with this update. Currently, it involves a ton of paperwork and waiting for approvals from employers, but EPFO 3.0 will change all these things. Moreover, the new system will allow employees to skip the hassle of visiting government offices and waiting for approvals, and instead, they’ll be able to withdraw their PF savings directly from ATMs – just like taking out cash from a bank account.
EPFO 3.0: How to Withdraw Your PF Money from ATMs
With EPFO 3.0, you will get a special card to withdraw your PF money from ATMs. This card works just like a regular ATM card. Here’s how you can do it:
Steps to Withdraw PF from an ATM:
- Go to an EPFO-approved ATM (the list will be shared soon).
- Insert the card linked to your EPFO Universal Account Number (UAN).
- Enter your PIN and choose the “withdraw” option.
- Pick the amount you want to withdraw and confirm.
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