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PF withdrawal: Now PF money will be withdrawn in minutes, the government will make this big change this month

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PF withdrawal: Now PF money will be withdrawn in minutes, the government will make this big change this month
PF withdrawal: Now PF money will be withdrawn in minutes, the government will make this big change this month

Provident Fund: Provident Fund money will be in your hands in just a few minutes. Now you will not have to fill any form to withdraw PF advance money. There will be no long wait of 5 to 15 days. PF money can be withdrawn through ATM or UPI. In times of emergency, your money will be with you in just a few minutes

Provident Fund: Provident Fund money will be in your hands in just a few minutes. Now no form will have to be filled to withdraw PF advance money. There will be no long wait of 5 to 15 days. PF money can be withdrawn through ATM or UPI. In times of emergency, your money will be with you in a few minutes. The government can do the process of withdrawing PF advance so easily this month i.e. in June. The biggest advantage of the new system will be that the long process of filling the form and getting approval to withdraw PF money will end. It will be easy to withdraw PF money at any time and from anywhere.

EPFO will upgrade the system

There is good news for crores of salaried employees of the country. Employees Provident Fund Organization (EPFO) is preparing to upgrade its digital system to a new form. According to media reports, EPFO ​​3.0 can be launched from June 2025. The most special thing about this new facility is that PF account holders will also be able to withdraw their funds through UPI and ATM.

What is EPFO ​​3.0?

EPFO 3.0 is a digital version of the existing PF system which is faster, easier and safer than the old system. Till now, to withdraw PF, one has to login to the EPFO ​​​​website, fill the form and then wait for several days. But with the arrival of EPFO ​​​​3.0, there may be a facility to withdraw money in real time.

How will you be able to withdraw money from ATM and UPI?

Although complete information about this has not been revealed at the moment, it is believed that under EPFO ​​​​3.0, PF accounts will be linked to UPI and ATM networks. With this, customers will be able to withdraw money directly from their account with the help of UPI apps like PhonePe, Google Pay, Paytm etc. or ATM machine. For this, there may be safety features like OTP, PIN or Aadhaar based verification. Also, some terms and limits will also be fixed so that the funds are not misused. Money can also be saved for employees for retirement.

What will be the benefits of digital withdrawal?

The biggest advantage of the new system will be that the long process of filling the form and getting approval to withdraw PF money will end. It will be easy to withdraw PF money anytime and from anywhere. This will be useful for employees in times of emergency.

Will EPFO ​​3.0 be launched in June?

EPFO 3.0 can be launched in June 2025. However, the official date has not been decided yet. It is expected that it will be started as a pilot project in some cities or states first and then gradually implemented across the country. If this happens, then more than 6 crore PF account holders of the country will get direct benefit from it.

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