EPFO ATM PF Withdrawal: The new month starting from Sunday is bringing a huge facility for crores of employed people of the country. Under this facility, crores of employed people coming under EPFO will be able to withdraw the money deposited in their PF account directly from the ATM.
EPFO, working under the supervision of the Ministry of Labor and Employment of the Government of India, is going to introduce EPFO 3.0 in June, under which employees will get this facility. Here we will know how employees will be able to withdraw money from their PF account through ATM.
How to withdraw PF money from ATM
Under EPFO 3.0, employees will be given a special withdrawal card. These cards will be like ATM cards, which will be linked to your PF account. Through this card, you will be able to withdraw money from your PF account by going to any ATM. But it is very important to keep some things in mind here. Let us tell you that money can be withdrawn from the PF account only under certain circumstances. According to these circumstances, it will be decided how much money you can withdraw from your account. According to the rules of EPFO, under different circumstances, you can withdraw up to 50 to 90 percent of the total amount deposited in your account.
What to do to withdraw money from PF account
To withdraw money from PF account, you first have to go to EPFO website and apply for claim for withdrawal. Let us tell you that now 90 percent of claims in the system are automated and the settlement process is completed in maximum 3 days. After the settlement process is completed, you can withdraw money from ATM. Keep in mind that to withdraw money from PF account, your UAN, mobile number linked to UAN should be active. Along with this, all the details of your bank should be correct in your EPFO account.
