You can transfer PF money to e-wallet, EPFO ​​3.0 will be implemented soon

New Delhi : The Central Government is going to implement EPFO ​​3.0 regarding PF account very soon. The government is very soon providing the facility to easily withdraw the PF amount deposited in the Employees Provident Fund Organization from ATM. Under this scheme, the employee can withdraw PF amount by going to any ATM of his nearest bank.

According to information received from some sources, it has also been revealed that the facility to withdraw PF from ATM can be announced in the beginning of the year 2025. Not only this, soon the government can also provide the facility to EPFO ​​and Employees' State Insurance Corporation employees to send their funds to e-wallet. The government has also prepared a masterplan for this.

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Funds will be transferred to e-wallet

Giving this information, a top official has said that the customers of retirement fund body, EPFO ​​and Employees State Insurance Corporation i.e. ESIC may soon be able to use the claim settlement amount through e-wallet.

Sumita Dawra, Secretary, Ministry of Labor and Employment, while replying to a question regarding immediate withdrawal of Employees' Provident Fund i.e. EPF amount, said that this area will be very interesting for the insured person, a contributor because they want to withdraw their money. Will be able to remove it more easily.

You can withdraw PF amount from ATM

Sumita Dawra has said that in cases of self-settlement, the EPF money goes to the bank account and shareholders can withdraw this amount from the bank account through any ATM. In the statement given at the Tourism Summit, Dawra has said that, if you are questioning whether the settlement amount should go directly into the e-wallet, then for this we will have to create a new system again.

We have also started talking to bankers about this. For this, we are going to make a plan as to how we can actually make it unknown. Dawra has also said that we are also talking to the Reserve Bank of India about this and we can come up with this scheme very soon.