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EPFO New Rule: PF money will be withdrawn from ATM, know when the new rule will be implemented

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EPFO New Rule The government may soon launch EPFO ​​3.0. After this, many facilities related to PF will be better. Till some time ago it was believed that soon PF money will be able to be withdrawn through ATM. Now the Labor Secretary has given an update regarding this. He said that improvements are being made in the IT system. There will be many big changes after its implementation.

Employees Provident Fund Organization (EPFO) may soon bring EPFO ​​3.0. After this, there will be a change in the rules of EPFO. This change will benefit crores of EPFO ​​members.

Yes, according to media reports that came some time ago, the government is working to facilitate PF withdrawal through ATM. Now a new update has come regarding this. Labor Secretary of the Ministry of Labor and Employment, Sumita Dawra has announced that the government is trying to improve the IT system to provide better service to the workforce.

PF money will be withdrawn from ATM

Sumita Dawra also said that it can be expected that from the year 2025, EPFO ​​members will get the facility to withdraw PF money through ATM. The government is working for this. Regarding the better service of EPFO, she said that we are trying to improve the IT system for PF provision. Even before this, many improvements have been made in the service of EPFO. These improvements include speed in claim and self claim.

EPFO ​​adopting advanced technology

According to the information given by Sumita Dawra, the government is removing unnecessary processes from PF. EPFO ​​​​is trying its best to create IT infrastructure similar to the banking system. He has expressed hope that from January 2025, changes can be seen in the PF system.

Further, regarding the IT 2.1 version, he said that after its implementation, EPFO ​​​​members will be able to withdraw PF money from ATM. Apart from this, many more advanced improvements will be seen in the EPFO ​​system.

What is the withdrawal rule of EPFO?

  • According to the rules of EPFO, members cannot withdraw completely while working.
  • If a person is unemployed for one month, then he can withdraw 75 percent.
  • If you are unemployed for two months, you can withdraw the entire amount from the PF Fund.

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Deepak Kumar
Deepak Kumar
Deepak Kumar has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @deepakmaurya152004@gmail.com
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